#61
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#62
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Not at all. My intention was to point out our strategy for independence and how we do not fit into common stereotypes for attitudes and decisions about energy.
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ƃuoɹʍ llɐ ʇno əɯɐɔ ʇɐɥʇ |
#63
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And yet you directly responded to my post that said the gas prices being so high lately were out of greed.
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#64
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Sorry to read about the performance of your 401K. But mid term election years often see a decline, even if the economy is doing pretty well. |
#65
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Guitars? Nope. I have enough. Still look of course, but try and be honest with myself about "want vs "need". Gas. Blessed with a company vehicle and the Wife gets mileage at her job. I do have an F-150 with a V8 (week-ender) and I have been driving like the old man that I am lol.
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USMC RETIRED 2D Marine Division Infantry Weapons Chief 1997 Tacoma PM20 1998 Tacoma CC10 2001 Tacoma C5C 2004 Tacoma C1C 2004 Tacoma EMM30 "Forum Guitar" |
#66
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Do prices come down once they've gone up? Gas seems to fluctuate a fair bit, bit what about other stuff? I get the impression that once companies put their prices up, they sniff the air and if people are still biting, they hold up the high prices, even after economic downturns pass.
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#67
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Groceries? We switched up to a mostly plant-based diet due to the high cost of meat and in return are eating more healthy these days, so there's that I guess. But we're still paying more for a lot of things these days that are staples in our diet. Guitars? I sold off my high-end guitar which was not participating in revenue generation like my other two do on a regular basis. Now that we're 'poor' (retired on a fixed income) I find myself quite content with my two workhorses. I do still look but I've no desire to purchase which is a new and welcome feeling. Gas? No company car, just a couple older but still in good condition Hyundai's that get decent mileage. Gas, once nearly $5/gl just dropped below $4/gl for the first time in quite a while. We've also taken to riding our motorcycle shorter distances when we ride which is better for our wallet and our backsides! The market is starting to see some upticks here and there though we're still down about 10% YTD. But we're booking gigs like crazy (by our standards). We have five gigs next week alone so our retirement 'side hustle' is actually paying off, figuratively and literally! |
#68
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#69
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Some people mistakenly assume that musicians and entertainers must obtain licenses to perform copyrighted music or that businesses where music is performed can shift their responsibility to musicians or entertainers. The law says all who participate in, or are responsible for, performances of music are legally responsible. Since it is the business owner who obtains the ultimate benefit from the performance, it is the business owner who obtains the license. Music license fees are one of the many costs of doing business. - ACAP.com |
#70
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I had no way of knowing if his "side hustle" was gigging bars, or if he was doing concerts or house parties. I was simply reminding him of the beans that must be counted. |
#71
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In another tangent but for your post, I'm super pleased how easy it is to do bookkeeping and taxes relative to the whole of my working life. I sure hope that can get even simpler! FAR more on topic is today's drought map update looks better for important food growing areas. A biast of too much rain over the weekend didn't hurt an important corn and soy area. For stability, in today's news I see OPEC has cut demand forecasts. My adult self likes stability and my child self likes a road trip to cost a little less. Overall by morning news reads and scans have me feeling better about the inflation and economy. After reading about Microsoft's belt tightening, I will ask a Microsoft employee friend I see is in London if it is impacting his trip.
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ƃuoɹʍ llɐ ʇno əɯɐɔ ʇɐɥʇ |
#72
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Wholesale inflation dropped 0.5% in July. An indicator that retail price stability or reductions may be on the way.
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"Lift your head and smile at trouble. You'll find happiness someday." |
#73
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But the point was that the performer is not the one who needs to do the counting (for ASCAP & BMI). So maybe not so "obvious"?
Last edited by 619TF; 08-11-2022 at 08:50 AM. |
#74
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With regard to keeping records and whatnot, we decided to 'do it right' and claim everything. We even formed an LLC to insulate our assets from potential exposure in case of a lawsuit. Most places we play were looking for EIC numbers and they file their taxes and write us checks so we figured we'd play it straight. We keep records of every cent made, as well as every cent spent and mile driven to use at tax time. With the amount of money I spent this year on equipment, my taxes should be a wash on the money we make. As others have noted, the BMI/ASCAP considerations are on the venue, not us - thankfully!
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