How to Earn a Million Dollars As A Musician 
Mike Phillips Mike Phillips

How to Earn a Million Dollars As A Musician 

I started folkefire with a mission: to earn a million dollars performing mediocre music by taking my gig money and investing it into a broad-based index fund in my ROTH IRA, maxing out my contribution each calendar year. On Monday, St. Paddy’s Day, I performed a gig with a couple of friends. Our set included traditional Irish songs, originals, and folk classics from Billy Bragg, Bruce Springsteen and others. After the gig we were paid in cash, thanked the establishment, and I walked out of the venue to deposit the earnings into my ROTH IRA…

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folkefire Financial Independence Year in review 2024
Mike Phillips Mike Phillips

folkefire Financial Independence Year in review 2024

I can’t say I lived particularity FIRE-like nor did I perform much music in 2024, as is the main focus of my folkefire journey. But instead, I made music of another kind in that I experienced one of life’s great joys - becoming a parent - and I even managed to live a little. Would you sacrifice a bit of your FIRE pursuit for the same? 

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