Early Start Savings Artists who begin saving early, even in their early 20s, have the potential to reach up to $1 million in tax-free savings by age 45. Starting young maximizes the power of compound interest, creating a substantial safety net—a financial “backup” for the future.
By starting a savings plan for their children as early as 15 days old, artists can accelerate college savings growth. The funds in these accounts can still qualify the child for Federal Student Aid (FAFSA) and potential full scholarships, allowing for financial flexibility alongside this dedicated savings.
Many artists spend $30 to $50 (or more) monthly on coffee expenses. By redirecting this amount, artists can secure coverage that includes critical, chronic, and terminal illness benefits, with up to $2 million in coverage options available for 10, 20, or 30 years. This serves as a personal backup, ensuring financial security if anything unexpected happens.