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An Unfiltered Conversation with BBNo$ | Being Broke, Cashing Out, & Getting Screwed

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November 24, 2024

TLDR: Discussion about music industry earnings, record deals, AI in music, fame, and career advice; sponsorships for NetSuite Flexible Financing Program, ShipStation, and Oracle cloud services.

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In the latest episode of the podcast featuring BBNo$, the artist, known for his hit song "Lalala," dives deep into his intriguing experiences in the music industry. This summary highlights key points discussed, including financial struggles, the complexities of music revenue, and the journey of becoming a successful artist.

Why Does BBNo$ Claim He Has No Money?

  • Despite achieving over 10 million monthly listeners on Spotify, BBNo$ expresses a unique financial outlook, claiming he rarely spends money on himself.
  • He humorously describes himself as the "purest form of a cheapest human being," often prioritizing saving over spending. For him, spending money feels psychologically uncomfortable, leading him to adopt frugal habits since childhood.
  • BBNo$ shares anecdotes from his past, illustrating his reluctance to spend, such as opting for nuts to avoid hangovers instead of indulging with his friends.

The Music Financial Landscape

  • The conversation shifts towards how musicians earn money, focusing on Spotify royalties. With streaming numbers exceeding millions, BBNo$ shares how deceptive these metrics can be, equating 10 million monthly listeners to an income of merely a few thousand dollars monthly.
  • BBNo$ explains the concept of sync royalties, which are payments made for the use of music in film, television, or advertisements. A personal highlight was receiving a substantial payout after a song featured in the "Garfield" movie trailer, underscoring the unpredictable yet lucrative nature of sync deals.
  • He discusses the challenges posed by record labels and outdated revenue models, emphasizing how most artists beyond the mainstream face financial obstacles.

Challenges and Pressures in Music

  • Artists often feel immense pressure to continuously produce hits. BBNo$ candidly reflects on his struggles with "artist burnout," emphasizing how touring can take a toll on mental health.
  • He discusses the perception that many top artists don't write their own music, enjoying a collaborative dynamic with songwriters, and the way the industry often complicates the narrative surrounding music creation.
  • BBNo$ mentions the power of social media and platforms like TikTok in breaking new artists, revealing how songs can go viral and drastically alter an artist's career trajectory almost overnight.

The Role of AI in Music

  • When asked about the potential influence of AI on the music scene, BBNo$ believes that while AI might produce compelling tracks, it lacks the emotional authenticity that human artists bring to their art. He expresses skepticism about AI's ability to create lasting and relatable music, emphasizing the unique imperfections that characterize human-made art.

Personal Experiences and Life As a Musician

  • BBNo$ candidly shares anecdotal experiences from his life as a traveling musician, elaborating on his transient living situation, as he often stays with friends or in hotels rather than settling in one place.
  • He humorously discusses his reluctance to engage in typical artist perks, such as luxury accommodations or extravagant spending on food, revealing a grounded perspective on success and satisfaction in life.
  • Additionally, he explores the difficulties of dating as a musician, often feeling disconnected from more conventional relationships due to his lifestyle and focus on career.

Final Thoughts on Investing and Future Goals

  • BBNo$ concludes by reflecting on his savings habits, sharing that he invests a majority of his earnings but acknowledges the need for better financial management. He expresses interest in higher-risk investments and a desire to optimize his earnings, showing a growing awareness of financial strategy.
  • As he looks to the future, BBNo$ aims to continue his artistic growth, improve his marketing strategies, and possibly collaborate with other artists.

Key Takeaways

  • Music industry insights: Understand the reality of streaming royalties and the significance of sync deals for musicians.
  • Unique financial perspectives: Highlight the importance of managing finances wisely as an artist.
  • The impact of AI: Remain cautious of technology's role in music creation, valuing the human element.
  • Navigating personal challenges: Acknowledge the complexities artists face, from burnout to fueling satisfaction through relationships and love.

In summary, BBNo$ shares a refreshingly honest and insightful perspective on the life of a musician, balancing the highs of success with the realities of financial challenges and personal struggles. His journey serves as inspiration for aspiring artists navigating the intricate landscape of the music industry.

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