13 Things To Avoid CRUSHING Musician DEBT!!

Want to run a home studio and NOT suffer under the weight of predatory loans or credit card debt? Here are 13 suggestions to make sure you're working for yourself, and not for a bank.
Can't cook? Check out Headbanger's Kitchen! / headbangerskitchen
0:00 How To Not Go Into Debt
0:57 No Massive Student Loans
2:24 Easy On The Subscriptions
3:28 Wants vs Needs
4:30 Buy Used
5:43 Research What You're Buying
7:27 Beware The Credit Card
9:37 Diversify Your Income
11:10 Ditch Your Car
12:33 Cook Your Own Food
14:01 Give Up The Party Life
14:31 Work From Home
15:50 Savings
17:23 Wait For Sales, But Be Warned
19:02 Recap & Bloopers
About Spectre Sound Studios:
I'm Glenn Fricker, engineer here at Spectre Sound Studios. I love making records, and after doing it for sixteen years, I want to pass on what I've learned. On my channel you can find tutorials on how to record guitar, bass, real drums and vocals. There's reviews and demos of tube amps, amp sims, drums, mics, preamps, outboard gear, Electric Guitar, Bass Guitar, and plugin effects.
We've covered Moon on the Water, played Bias FX, given you the absolute best in Stupid Musician Texts, ranted & raved about bass guitar, and this channel is where The Eagle has Landed.
Everything you've wanted to learn about recording Hard Rock & Heavy Metal can be found right here on this channel!
I also respond to your comments & questions: The best make it into the SMG Viewer's Comments series of videos. Loads of fun, lots of laughs.
Thanks for checking out my channel & please subscribe!

Пікірлер: 587

  • @HeadbangersKitchen
    @HeadbangersKitchen2 жыл бұрын

    Awww thanks for the shout out Glenn!!! I really appreciate it. In fact it's so crazy you mentioned cooking for those who might not be very experienced because I've got a massive number of 3 and 5 ingredient recipes that even amateur cooks can easily make and enjoy tasty food. So cheers again and thanks for the shout out!!!

  • @tayzonday
    @tayzonday2 жыл бұрын

    I’m too late

  • @gabeitch3542
    @gabeitch35422 жыл бұрын

    When I got my first full time decently paying job I fell in to these spending habits and behaviours. Paying with credit, downpaying, invoices etc. Because I have a stable job and pay now, I managed to make a good plan on how to pay things off. With only around $1000 left to pay off I’m coming close to being 100% debt free

  • @SpectreSoundStudios

    @SpectreSoundStudios

    2 жыл бұрын

    Awesome! Work for yourself, not a bank!

  • @johnchedsey1306

    @johnchedsey1306

    2 жыл бұрын

    I had bad spending in my 20s and early 30s, but once I hit my 40s, I finally landed a good job. And since I had come very very close to homelessness, I was far stricter on budgeting. Now I just have a house payment and that's it. (and it's cheaper than renting). The reduction in stress is huge.

  • @stevenhowes530

    @stevenhowes530

    2 жыл бұрын

    When I was paying of my debts that last $1000 took me forever. I started getting impatient and would buy something. I should have just waited a month and be done with it. I just got tired of listening to music but putting my phone in a bowl as a "Speaker".

  • @Eurodrummer666

    @Eurodrummer666

    2 жыл бұрын

    I don't understand this North American student loan system. Here in Europe it's pretty rare to have to spend a lot of money to study, with the exception of the United Kingdom. Perhaps it is an English speaking thing to starve to study.

  • @WastelandBowman

    @WastelandBowman

    2 жыл бұрын

    I'm right there with you. An opportunity to make an assload more money came up and I'm using it all to pay off debts. I have $300 extra on this next paycheck that I'm gonna pay half my sweetwater card with (the Captor X was something I needed!)

  • @MrFurry97
    @MrFurry972 жыл бұрын

    The biggest money saver for myself was learning to build my own bass cabs. my sealed 2x10 cost me the price wood glue and screws, its super punchy with great mid range clarity. DIY is definitely the biggest money saver plus you learn actually USEFUL skills.

  • @RadOo

    @RadOo

    2 жыл бұрын

    I agree. Only cost it comes at, the time you spend building it.

  • @MrFurry97

    @MrFurry97

    2 жыл бұрын

    @@RadOo Its soo much more rewarding when you're done aswell because you can look at it and be like "FUCK YEAH I did that"

  • @RadOo

    @RadOo

    2 жыл бұрын

    Good point!

  • @TheRealXira

    @TheRealXira

    2 жыл бұрын

    I recommend to also learn fairly basic guitar Technician skills. Basic woodwork, Electrics, Finishes etc. I started back in my late teens many moons ago, and that has saved me so much over the years in maintaining my collection. It also adds to earnings. Being able to fix friends instruments and once the skill sets have developed further, then you can begin to advertise your services. An to say well done with building your own Cab. A extremely satisfying process. Did you go to the extent of tuning the enclosure? I got into that myself originally from building those huge car audio systems back in the 2000's. That eventually morphed into the studio world building monitors and acoustic treatment. D.I.Y. is more of a mindset in my opinion. There is always an expert out there to accept a paycheck to fix something, or we can always just go and buy that new thing. But to want to create or fix that thing for yourself, by yourself. Well that requires the hunger of personal character development. I applaud your desire for growth my friend. May your future be lead by independence, and self reliance. :)

  • @joshua.merrill

    @joshua.merrill

    2 жыл бұрын

    From my experience, the cost of a new item tends to equal the cost of materials and tools. If the cost of tools is more, then make a few things to make it worth it. You may even be able to start selling the items.

  • @RolandDeschain1
    @RolandDeschain12 жыл бұрын

    I'm 44 and I'm glad to say that I've never had a credit card. Growing up, my father always drilled into us that the worst thing to do in life is to get into debt.

  • @noam.yuvalor1381

    @noam.yuvalor1381

    2 жыл бұрын

    having credit card is extremely important, you *OBVIOUSLY* don’t need to get in debt, and buying things with credit card and paying it on time *Will* pay for itself, by giving you free flights and coupons and great interest rate when you’ll buy a house.

  • @HeroSword_P

    @HeroSword_P

    2 жыл бұрын

    Do you not live in the US? Because here you have to use credit cards at some point to build up and maintain your credit score, which is needed when you get a loan for either a car or home.

  • @perfectallycromulent

    @perfectallycromulent

    9 ай бұрын

    that's not what billionaires and giant corporations think. why wouldn't you go into debt for something worth more to you than that debt plus interest? plenty of inventions never would have seen the light of day without inventors willing to go into debt to make it happen.

  • @martyshwaartz971

    @martyshwaartz971

    8 ай бұрын

    @@noam.yuvalor1381 Yeah. my credit card gives a percentage back each month. Just need to pay it in full every month !

  • @RealHomeRecording
    @RealHomeRecording2 жыл бұрын

    This video is proof that Glenn has not been corrupted and is still on the side of good! Great video, Mr. Fricker!

  • @jameshisted
    @jameshisted2 жыл бұрын

    Number nine (cook your own food) is literally one of my favorite hobbies. I cook for friends at least 2-3 times every week. Doing your research before you buy? Also an actual pastime for me. Can't lose the car tho', my day job starts before public transport is available & I need to transport my bass amp (& sometimes our singer) to rehearsals! Yes, bass amp lol ;)

  • @414deathmetalist
    @414deathmetalist2 жыл бұрын

    I remember one of the best financial advices that I’ve ever heard was, if you can’t buy something five times over, you can’t afford it.

  • @drlove2112
    @drlove21122 жыл бұрын

    I feel like this is the course that we needed back in high school. Awesome video!

  • @SpectreSoundStudios

    @SpectreSoundStudios

    2 жыл бұрын

    Happy to help!

  • @bskitchenriffs6522
    @bskitchenriffs65222 жыл бұрын

    I have a rule being an individual who plays for enjoyment, not income: I must sell gear to buy gear. That can be a guitar, pedals or an amp. If I made an income off of music or reviews, I would consider a purchase an investment.

  • @iamdillyj
    @iamdillyj2 жыл бұрын

    Legitimately awesome advice glenn. Now that your 30 video grind is over. Please take a minute to finally breathe. You deserve it. And thanks for the honesty about people thinking its easy to make money from music or engineering. Knowing your experience really puts that into perspective for a lot of folks.

  • @SahharBM
    @SahharBM2 жыл бұрын

    Another point in tandem with most: No you almost definitely do not need that plugin.

  • @SuperPol1981
    @SuperPol19812 жыл бұрын

    Extra tip: keep some money aside for your taxes. I know a luthier who started out and spent every cent that he received. After about 1.5-2 years, his first tax bill dropped in the mail. He had nothing to pay it with. Bankruptcy after the first round of tax...

  • @robcostigan8757
    @robcostigan87572 жыл бұрын

    Great way to finish off 30 for 30. Invaluable advice for us all, Glenn. Thanks much.

  • @DickTruth
    @DickTruth2 жыл бұрын

    Glennnnn! Overall, excellent video, but I must partially object to number 12. A savings account in the US will yield anywhere from 0.1 to a tidy 0.01%APY, while inflation YTD has been hovering around 5%. Meaning, if you kept your money in a savings account over that time, it has lost 4.9-4.99% of its buying power. That is not always the best long term solution for a goal; a savings account should be thought of as an emergency reserve only, with ideally 3-6 month's worth of living expenses (I understand this isn't realistic for everyone). Simply saving for a large goal like a tube amp or custom guitar, one should consider a conservative guided investment portfolio that you can make monthly contributions to. Also, FOR THE LOVE OF CROM, don't keep your money in a jar. In a US bank, it's a deposit guaranteed by the bank, and is FDIC insured up to $250k should that bank fail. If you keep your money in a jar/under your mattress, it's subject to theft, loss, fire, etc., and once it's gone, tough shit. [Edited for spelling]

  • @jennoscura2381

    @jennoscura2381

    2 жыл бұрын

    I don't think it's a bad idea to keep a little bit of cash at home in a lock box. But the rest of it should be in the bank; or preferably a credit union. I am glad I ditched bank of America and switched to a credit union.

  • @DickTruth

    @DickTruth

    2 жыл бұрын

    @@jennoscura2381 Oh, absolutely, having some cash on hand is always a good idea. I'm referring more to the people like a client I recently met with who had literally $100k in a box in his closet... yikes.

  • @VemSenhorJesus

    @VemSenhorJesus

    2 жыл бұрын

    Buy bitcoin

  • @jennoscura2381

    @jennoscura2381

    2 жыл бұрын

    @@DickTruth 100k? Yikes! If they got robbed they would be fucked. Even with a good safe there is still a risk. And in a safe it doesn't earn interest. Even on a basic checking account I still get some interest. A frew cents here and there isn't much; but it's money I didn't have.

  • @gkol69
    @gkol692 жыл бұрын

    My biggest money saving skill was that I learned to do a setup on my guitars early on from an '80s Ibanez catalogue explaining how to intonate a tremolo bridge. Then a friend who was into electronics showed me how to solder my own guitar cable. Now I can even do Boss DS-1 mods and after I changed 20+ times guitar pickups and done setups I found out that I have recovered the cost of one of my guitars! I have taken them to a professional for fret leveling and edge of frets rounding but I can do everything else on my own and don't get charged 75 euros/setup and I don't know how much for pickup replacement. If the job doesn't require a special set of (expensive) tools you'll save a lot by doing it on your own with easy to purchase screwdriver, allen keys, a couple of wrences, a cutter and a soldering iron.

  • @craytonbuchanan
    @craytonbuchanan2 жыл бұрын

    Excellent video Glenn! Steve Vai was talking about living within your means in an interview, and he mentioned that no matter how much or how little he made, he always lived within his means and squirreled away some money for the future. Prioritizing you expenses (and keeping a budget) is a lifesaver! For example, as much as I enjoy video games, I do not play them very often (time constraints) and thus I do not buy very many. I might by a video game every few years, not multiple games every year. Things like that add up surprisingly quick! Remember, debt is slavery!

  • @Bassdriver
    @Bassdriver2 жыл бұрын

    Lots of sound advice - especially the one on giving up party life ;-) I've never understood how in the world anyone might want to spend half of their earnings on getting shitfaced. Some of the advice is not applicable everywhere though - e.g. here in Europe credit cards are not so ubiquitous as in the US or Canada. We usually have debit cards instead. As for ditching a car - it's not a real option when you need to haul some gear on a regular basis. But in such case, a downgrade might be worth looking into. Recently, I sold my Volvo V70 and got an old but well-maintained Corolla diesel wagon. Yes, it's rather slow and less comfy but it's getting the job done just fine while saving me a small fortune on maintenance (costs of servicing a FWD Volvo are ridiculously high). And this way I'm a bassist who doesn't need to ask his mom for a ride to the rehearsal!

  • @SpectreSoundStudios

    @SpectreSoundStudios

    2 жыл бұрын

    I'm a proud minivan owner. Great for hauling gear!

  • @Bassdriver

    @Bassdriver

    2 жыл бұрын

    @@SpectreSoundStudios it is! I don't need such a big vehicle on a daily bas(s)is though - the Corolla serves me just fine. My basses fit in the trunk and I still have some place left for an amp and a small cab without folding the back seat. I still miss my '92 Volvo 940 wagon though - best car I've ever had, and it had enough cargo space to swallow most of my band's gear. I keep promising myself I'll get another one someday.

  • @bskitchenriffs6522

    @bskitchenriffs6522

    2 жыл бұрын

    I miss mine. I opted for the accord over another odyssey. I regret that decision. My wallet thanks me though, it really does! $35k for a base model odyssey, $45k for the one I wanted. The accord was a returned lease with 20k miles on it for $16,500.

  • @davidmaraisthecampfireguit2596

    @davidmaraisthecampfireguit2596

    2 жыл бұрын

    @@SpectreSoundStudios Me too. Love my 2008 Siena. Nearly at 200k miles. Not the sexiest car on the street but she gets the job done when I'm hauling gear.

  • @tomekdudzic
    @tomekdudzic2 жыл бұрын

    Couple of years ago i was renting a rehearsal space for other bands with my friend. There were always problems with getting money on time from other bands, going to houses of your "musician friends" just for money they owe you sucks a lot. One guitar player even told us, that if he pay us a rent, he won't have money on food. Couple of days later we saw him in local bar getting really drunk. This is how you run into debt with your colleagues in the most stupid way (aaaaaaand you get an angry bass player with expendable baton and tear gas at your door). If you can't afford rehearsal space, play at home. Don't go into debt. Friends won't take loan interest like banks, but that doesn't mean you can screw them.

  • @chriswftdj
    @chriswftdj2 жыл бұрын

    How anyone can do 30 videos in 30 days is beyond me! Respect to you sir!

  • @SpectreSoundStudios

    @SpectreSoundStudios

    2 жыл бұрын

    Thanks very much! I'm taking tomorrow OFF!

  • @sirmartin88
    @sirmartin882 жыл бұрын

    I currently have 2 jobs, one is full time job which pays the bills (like ordinary living expenses) and then the other one where I work as a piano player for our townhall (playing on various ceremonies like weddings, eldery people aniversaries, funerals, city awards evenings, etc...) and I have one solid rule - all musical equipment is paid just by income from this second job which is also my passion.

  • @LS333
    @LS3332 жыл бұрын

    Hey glenn thank you so much for offering your knowledge and expertise in music. It is very helpful and Substantive. Love ya man

  • @joehenderson1
    @joehenderson12 жыл бұрын

    Love the channel! Cheers mate.

  • @miltonex
    @miltonex2 жыл бұрын

    Thank you Glenn great advices!!!!

  • @feedbackmonitor8057
    @feedbackmonitor80572 жыл бұрын

    Glenn is very clever with who he wants to hire; someone who can record/edit audio, video, program plugins and such because we all know that people who have multiple skills juggling different things are the best at it. Coders who *just* make software, recording engineers who *just* record, audio editors who *just edit* , same with video editors, produce mediocre work. You want the ones who mix it all. Newspapers do just that, hire hybrids. Instead of writers or photographers, they hire people who write, produce video, code, shoot stills, and so on, which is why newspapers are THRIVING!!! Brilliant!!!

  • @TooPunkToBeAPodcast
    @TooPunkToBeAPodcast2 жыл бұрын

    Relatively new viewer. Major cheers for the month of videos man. Your videos are always great

  • @GuitarLover218
    @GuitarLover2182 жыл бұрын

    Great advice Glenn! Loved it man!

  • @musicisjustwigglyair4208
    @musicisjustwigglyair42082 жыл бұрын

    Thx to you Sr!! This is a great video! Big love from Argentina

  • @jacksonfilm
    @jacksonfilm2 жыл бұрын

    It's a lovely feeling going through Black Friday / Cyber Monday and not spending a thing. And the best feature about my 6 year old phone that none of the new ones has is a tiny tiny bill. But my biggest money saver in life was not going to Uni/College to learn my trade. Probably missed a lot of good parties, but saved a ton of money

  • @Projacked1
    @Projacked12 жыл бұрын

    It's so much fun too listen your videos, always on point, even if I don't need to watch I do. Always something to learn....listen to this guy people.

  • @thefaboo
    @thefaboo2 жыл бұрын

    Had a couple credit cards early in my career, and ended up defaulting on thousands of dollars of debt. These days I say No to even the most advantageous sounding cards. I've learned I just can't manage them. It was a lot harder for a while, but I've gotten used to it.

  • @ivandubinsky1857
    @ivandubinsky18572 жыл бұрын

    Very good advice. Every point you made was spot on.

  • @juicef3379
    @juicef33792 жыл бұрын

    I don’t play the heavy stuff you tend to showcase on this channel, but I always watch your videos because you are an important mentor in the community. I appreciate the wisdom you are passing down to the next generation of musicians. It is especially important for young people to hear this information if they don’t have a family member or close friend in the industry. I went through a very long, twisty, and expensive path to get into medical school that could have been avoided if I had a mentor. So now I mentor undergrads at the local university and try to help them as much as possible through all the bullshit getting thrown at them. Much respect to you and your team of musicians. Rock on.

  • @Itsdelaraw
    @Itsdelaraw2 жыл бұрын

    Been subscribed for maybe 2 weeks and this man is one of the most consistent creators out there!

  • @mrkuep1081
    @mrkuep10812 жыл бұрын

    Thanks Glen. Right on about all the facts. Sometimes need to reset and take a look at the self.

  • @m.a.6478
    @m.a.64782 жыл бұрын

    Hey Glenn, this vid is much appreciated! Hope it finds some open ears and open minds. It addresses one of the biggest problems of our society.

  • @perpetualgrimace
    @perpetualgrimace2 жыл бұрын

    One of your best videos Glenn 👍

  • @josephweiss3931
    @josephweiss39312 жыл бұрын

    Awesome video; thanks 🤟

  • @emarstudio
    @emarstudio2 жыл бұрын

    Great advice Glen! Keep up the good work.🤘

  • @miekwavesoundlab
    @miekwavesoundlab2 жыл бұрын

    Good vid. I worked years in grocery, service industry and doing shows / back line / studio work had two leases on home and studio lockout and barely got by. Didn’t have any health insurance and my car was breaking down. I studied web development for a few months and went ham on it and got really good paying gigs from that working from my house with my own studio room.

  • @themagicreed6013
    @themagicreed60132 жыл бұрын

    Best video ever...not only for musicians!!!! Shared to a lot...

  • @dr.cronik0_038
    @dr.cronik0_0382 жыл бұрын

    Gdaam your looking good bro 🤘 keep up with the hustle!

  • @ipelegeng
    @ipelegeng2 жыл бұрын

    A bit off topic but great advice Glenn! Much appreciated!

  • @ChrisHeartMusic
    @ChrisHeartMusic2 жыл бұрын

    Absolutely loved this one. I will miss seeing your notification pop up every day. I enjoyed your challenge. I definitely love having regular content from you, even though exhaustion might creep in. Nevertheless, hope you find a balance where you can shoot a relatively big chunk once and then chop it into 10-13 minutes clips for 3-4 uploads per week (but I assume you do that anyway. Thank you for your work and as always...fk you Glennn!

  • @skeetmane6873
    @skeetmane68732 жыл бұрын

    above every single bit of information you give us. i love the bloopers lol killer video with 100% accurate points!

  • @IsaiahStewartJazz
    @IsaiahStewartJazz2 жыл бұрын

    Great video!! 👍 Happy Holidays, everyone!

  • @xplanet2112
    @xplanet21122 жыл бұрын

    Brilliant video, probably your best.

  • @rram992
    @rram9922 жыл бұрын

    I’ve been watching this channel for about 6 years now, and this has been my go to for any recording advice since. I’ve unfortunately been that guy to spend money trying to get a career in this industry, only to end up with nothing. Fortunately I didn’t do it through loans, but if I have any advice for myself at the time, I’d say to use the information on this channel to my advantage. Not only would it save me time/money, but also come with a great deal of solid/straight-to-the-point recording advice!

  • @TheFeelButton
    @TheFeelButton2 жыл бұрын

    Great stuff Glenn!

  • @bagelitsandila4611
    @bagelitsandila46112 жыл бұрын

    This ain't just advice for musicians. It is life advice. Glenn, you fucking rule dude!

  • @davidrobert4246
    @davidrobert42462 жыл бұрын

    Great advice Glenn!

  • @kvmoore1
    @kvmoore12 жыл бұрын

    Thank you for this video. You gave some very good advice in here and while most the tips you have mentioned here I have already been doing for years, there are definitely some others I need to work on.

  • @voronOsphere
    @voronOsphere2 жыл бұрын

    Excellent Advice!!!! Thanks, Glenn!

  • @Mr_A_Mia
    @Mr_A_Mia2 жыл бұрын

    Gold👍🏾thx Glenn

  • @mirllewist3086
    @mirllewist30862 жыл бұрын

    Well said - great advice - thanks

  • @mirllewist3086

    @mirllewist3086

    2 жыл бұрын

    No, actually, this is all EXCELLENT advice! (and fu... {^_^})

  • @celestialode
    @celestialode2 жыл бұрын

    Great, great video

  • @mobbinator
    @mobbinator2 жыл бұрын

    What you said about credit card debt is spot on. It's the hardest debt for me to get rid of currently. The savings idea is awesome too and actually how I save money. Leaving it in a jar at home eliminates my access through my debit card. Sure I can always just go and get it but it's harder for me to do. As for the car, I need mine because I move around with my son all the time. For the average person I would say you don't need a car, but if you have kids, it makes things so much easier when you're grocery shopping or even traveling with your little one. Great stuff Glenn!

  • @kidnavajo
    @kidnavajo2 жыл бұрын

    Thank you so much for the info Glenn!🤘🏼 don’t feed the corporate monster!

  • @JoeGrahamMusic
    @JoeGrahamMusic2 жыл бұрын

    Great practical advice!

  • @rakibmahmudovee5544
    @rakibmahmudovee55442 жыл бұрын

    The savings part is spot on..My mother always said "Be always ready for a rainy day"..

  • @jamesbuchanan1641
    @jamesbuchanan16412 жыл бұрын

    This is just life advise and I loved it

  • @misterwillguitar
    @misterwillguitar2 жыл бұрын

    fantastic video sir! I do enjoy them all, but this one will help a musician make it further and be able to keep pursuing their musician dream should they follow the points! Bravo again sir

  • @Jeffrey9In4Chains
    @Jeffrey9In4Chains2 жыл бұрын

    Now this here is the video we all needed.

  • @MichaelAlso
    @MichaelAlso2 жыл бұрын

    the hair flip was golden. Great vid, Glenn!

  • @lawrencesounddesign1862
    @lawrencesounddesign18622 жыл бұрын

    I love the outtakes at the end. :)

  • @nammajeff38
    @nammajeff382 жыл бұрын

    what im learning from these videos is that I'll be happier keeping my day job

  • @massimoquartararo
    @massimoquartararo2 жыл бұрын

    This is probably one of the least metal videos I've ever seen! But it is good advice. Love that you advocate for the aeropress. After working in coffee for the better part of 10 years, anyone who asks me what they should use to brew at home, I recommend the aeropress. Cheap to buy, easy to use, and even easier to clean. Also to add to this list would be learning to set up your own equipment. It's not that hard, will cost you all of about $20 in tools (probably less), and you actually get to know your equipment better.

  • @jasonguerrero5476
    @jasonguerrero5476 Жыл бұрын

    Thank you Sensei

  • @basskirkster
    @basskirkster2 жыл бұрын

    This is such a great info video 👍👍 I found a great deal on a used Ibanez RG guitar at a Music Go Round store. Dropped in some high output pickups and it’s awesome. Saved a ton of money buying used. Most my amp sims and IR are free too.

  • @miguelluigisantoslopes1528
    @miguelluigisantoslopes15282 жыл бұрын

    This is a really great video

  • @stephenmoore2840
    @stephenmoore28402 жыл бұрын

    Glenn hits the nail on the head once again

  • @mangoherpson
    @mangoherpson2 жыл бұрын

    A lot of this is general life advice, great stuff Glenn.

  • @smtonlinevideos
    @smtonlinevideos2 жыл бұрын

    Great video Glenn! I recently paid off my credit cards and man is it a good feeling to not have that looming over my head. I'd like to add, one of the positives of having a savings account is that if you do actually find yourself in a financial bind, you can take a loan from YOURSELF and pay yourself back over time at zero interest.

  • @sm5574
    @sm55742 жыл бұрын

    For credit cards, I only use them in 3 circumstances: - I can pay it off when the bill comes - I get 0% interest financing - An emergency (N/A for hobbies)

  • @sind255
    @sind2552 жыл бұрын

    Great tips! Especially the buy used one. It's a good idea for more than just music gear. For example when your friend accidentally backs into your car in the driveway on your way to lunch going with a used hood and front end for repairs is so much cheaper than new! And when her husband has to pay for repairs he'll be thankful for saving cash!

  • @LDdrums20
    @LDdrums202 жыл бұрын

    Great no bullshit advise!

  • @stratopastor_uk
    @stratopastor_uk2 жыл бұрын

    Well done.

  • @jobstmonter3910
    @jobstmonter39102 жыл бұрын

    Gleeeeeeeeen……..this is your Most importent Video !!!👍☝️😉

  • @TheOriginalEUrban
    @TheOriginalEUrban2 жыл бұрын

    Grubhub: Your total is 30.95 for 4 items from McDonalds. Me: Oh fuck, that's like half a guitar pedal.

  • @PPNStudio
    @PPNStudio2 жыл бұрын

    The outtakes are getting better Glenn. :p

  • @DimKAt21
    @DimKAt212 жыл бұрын

    It's been four years since I quit smoking, now I have an upgraded guitar rig without changing anything else in my lifestyle. Lockdown helped a bit too...

  • @TheLordMeh
    @TheLordMeh2 жыл бұрын

    Yes going easy on subscriptions is such a breath of fresh air, I’ve done the same with owning the DAW and plugins instead of subscription. Also used mics was so easy Facebook marketplace got for less than half the price for new.

  • @jonathanrossmusic2509
    @jonathanrossmusic25092 жыл бұрын

    Great video! I’m happy that people these days have more resources than we did (back in my day haha). In 1999, when I was considering college, information wasn’t as readily available about…well, ANYTHING. It’s also worth noting that back then if you didn’t go to college you were looked at as weird or a loser. I’m happy that this culture is changing as well. It’s a debt trap. Although I got good education, I graduated in 2008 into an economy with NO jobs, and by the time came to pay my loans, I had no job to earn money to pay them! What a crock! College needs to cost less, and debt student debt needs to wiped away.

  • @Pasta221
    @Pasta221 Жыл бұрын

    I respected you before.. then you brought up aeropress and hand grinders and now I respect you even more. good coffee for the people and hail Glen!

  • @71goaliemask
    @71goaliemask2 жыл бұрын

    Glenn! Superb final video for the month, hopefully you'll be taking 45 minutes off to recuperate.. want vs need has been my mantra for years, and buying used gear has saved me a LOT of money. I agree that patience has definitely fallen from favour of late, and let's face it, musicians (I include myself here) are suckers for "ooooo shiny!" The fallout from poor decisions on other musicians parts lead to great bargains on the second hand market for the rest of us, the ridiculous markup on "vintage" gear notwithstanding . We're the same age, so I will make the huge assumption that you too miss the days when there was only new gear and secondhand/used gear. Remember kids not everything old is good, I am living proof of that! Again, excellent episode, all the best straight outta riverside!!!

  • @f0rth3l0v30fchr15t
    @f0rth3l0v30fchr15t2 жыл бұрын

    Ah, 3-6% interest rates. I'm old enough to remember when 3% was a low rate on my savings account (but not old enough to have had enough money to really take advantage of it). Now it's time to go be depressed by the shitty rates on offer now.

  • @stevenaustin4591
    @stevenaustin45912 жыл бұрын

    Im already there on all these points, scrapping by but getting by nonetheless :)

  • @SpectreSoundStudios

    @SpectreSoundStudios

    2 жыл бұрын

    Good luck, man!

  • @rajamcraja
    @rajamcraja2 жыл бұрын

    This is in fact hell of a great video for most young people trying to make a career in arts in general

  • @ThomasFarrow
    @ThomasFarrow2 жыл бұрын

    😁good video! Thank you!

  • @SpectreSoundStudios

    @SpectreSoundStudios

    2 жыл бұрын

    Thank you too!

  • @MilagroRoadStudios
    @MilagroRoadStudios2 жыл бұрын

    Totally awesome advice, Glenn! Thank you so much! I save up as much as I can to buy my gear, and when I use my credit card, I pay as much as I can in cash so my monthly payments are as low as they can get to make sure I'll be able to pay for them, maybe that helps someone too! Big F U from Chile!

  • @killmesunday2431
    @killmesunday24312 жыл бұрын

    Thanks for your guidance Glenn. You are a great mentor and are right about pretty much everything. I always feel so stupid after listening to you break it down for me... 53 and still learning 🥂

  • @matrat911
    @matrat9112 жыл бұрын

    Great video Glenn! It’s great for the young kids to learn (hopefully) that to make this a career, you have to get a good day job. Or if you’re going to a student loan, make it for something like a trade. The student loans are usually paid off quickly and you may have the good income to get what you want. Live within your means. Don’t live by the stereotype that a musician without a girlfriend is homeless.

  • @tasfa10
    @tasfa102 жыл бұрын

    Your class conscience is appreciated.

  • @aoxe465
    @aoxe4652 жыл бұрын

    Saving up money has been the best decision I've ever made. The transition from paycheck-to-paycheck into "I still have $50" took a staggering amount of weight off my shoulders.

  • @jeffclaeys8896
    @jeffclaeys88962 жыл бұрын

    Hey, so this is completely unrelated to the topic at hand, but I just wanted to say that I got the top 0.001% of Woods of Ypres listeners on my Spotify Wrapped which might make the me numerically the actual biggest Woods fan in the world, and I know that you were behind my favorite Woods album: Woods 2. I recently discovered your channel and the first video I saw was, coincidentally, one in which you dropped that you worked on the record. Thank you for all your hard work all those years ago, and thank you for the continued hard work now. I've been loving your videos.

  • @SpectreSoundStudios

    @SpectreSoundStudios

    2 жыл бұрын

    Thanks, Jeff!

  • @benakanecrophile2878
    @benakanecrophile28782 жыл бұрын

    On the subject of cooking, I am in my high school's foods class so I can learn to cook for myself, which is nice, so I won't have to deal with crappy take out and restaurants as much.

  • @izzydergand362
    @izzydergand3629 ай бұрын

    I learned more from this 20 minute video than my high school personal finance class, crazy how that works.

  • @ThunderBassistJay
    @ThunderBassistJay2 жыл бұрын

    That's exactly how I've managed to get by for the past four decades. Buying used gives one the advantage to sell for about the same price. Also keep your gear in good condition, so it sells with ease.

  • @jorgeadelgado77
    @jorgeadelgado772 жыл бұрын

    Gleeeen! Not a metal guy but your videos are always helpful. One way to think about interest is the law of 72: if you divide 72 by the interest rate, the result is roughly how many years it will take for your debt to double: if you have a $1,000 loan at 7.2 interest, in 10 years you will have paid $2,000. Greetings from Mexico

  • @DarkworldRecords_LTD
    @DarkworldRecords_LTD2 жыл бұрын

    Honestly I can definitely say for a fact that you should go out and see if pawn shops have stuff, because they often do. Found a lot of great gear at pawn shops for next to nothing. (Found some old synths once, a TR-606 in ohio once, as well as the Combo Amp I'm currently using)