If you’ve read any personal finance literature at all you’ll be familiar with the following ideas.
Save a modest percentage of your income and invest it in reliable investment vehicles with a long term focus. Avoid unnecessary spending.
It’s advice so obvious and simple that currently 50% of working families have saved precisely 0 dollars for retirement. But I’m not here to argue for increasing your retirement savings, prudent though it may be.
Consider your musical ability as a long term investment. Are you investing in long term activities that will improve over time? Or are you avoiding practice hoping for good luck instead? Are you the musical equivalent of a person besieged by credit card debt?
There’s a lot of advantage to viewing your activities as investments or unnecessary spending. Congratulate yourself on staying true to your investments. Hold yourself accountable for your musical debt. The long term results will be vastly different.