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Staying Financially Stable as an Artist during COVID-19

No matter who you are or where you live, your life has changed this year. Fact. The COVID-19 pandemic has rattled our world, and no person, no family, has been left unaffected. Financially, these are ever-worrying times, too. If you are an artist, you will know how volatile finances can be, but the COVID-19 pandemic has taken this to a whole new level of shakiness. Relying on freelance commissions alone when millions of people around the world have become unemployed is tough. 

Are you ready for what’s to come? Read on to find out how you can stay financially stable as an artist.

Applying For Grants

Grants are thin on the ground, but it is always worth a try. If you have a portfolio of work that you believe is outstanding, why not apply for funding to complete your next project? You have absolutely nothing to lose by doing this, and it could change your life forever. Grants for artists can be offered by museums, universities, and even government bodies. Find the right one, and you could be financially comfortable while making the work you are proud of.

Engaging With The Moment

This pandemic cannot simply be ignored. To blithely make your artwork as if nothing is going on would be to bury your head in the sand. So, lean in. If you are worried your work isn’t relevant in the current period of turmoil, make it so. No matter what kind of artist you are, or what your tone or style usually encompasses, you can engage with this pandemic and make people notice your work. All great artists throughout history responded to their surroundings. Respond to yours.

This is already happening everywhere. Stars performed wearing masks at the recent VMA music awards, while other poets and painters have begun making projects which tackle the pandemic head on. Join your peers as an artist by letting the pandemic affect and shape your next project.

Invest Your Money

If you wish to make wise financial choices at this time, look into investing your money. Investing can take many forms; it can be property, stocks, shares or even starting a business. Investing your money is not a get-rich-quick idea, but rather a long term plan to grow your wealth over the years to come. This will help you gather long term stability and structure as you continue to make the art work you love.

You don’t have to learn how to become a secured creditor or anything else large-scale to make wise investments. You don’t have to be rich to make smart money decisions. Simply understanding how best to use your finances at this time is enough to make the difference between financial viability and constantly living paycheck to paycheck.

Although being an artist is not exactly a secure job, financially speaking, there are ways to shore up against debt and losses over the coming years. Ensure you are taking steps already in order to stay financially stable during the COVID-19 pandemic.