Spending can easily get out of control, even if it is spending on seemingly helpful, worthwhile tools and resources. Sometimes it’s necessary to cut back. In this episode of Creativity Excitement Emotion, David shares how cutting your subscription bloat can free up energy. Download the PDF Transcript Sponsors: Productivity, Performance & Profits Blackbook: Get a free copy of the “Definitive Guide to Productivity for Artists and Entrepreneurs.” Highlights: 00:17 – Cutting costs is often a necessary aspect of business 00:38 – When pride gets in the way 01:12 – Successful entrepreneurs are willing to cut expenses if necessary 01:38 – A time to reevaluate 02:07 – Giving up pride 02:47 – Cutting costs will free up energy 03:34 – A helpful app 04:02 – Get good at managing your finances Transcript: Entrepreneurs sometimes must cut costs. If this weren't true… Just look at the big businesses out there that sometimes lay off employees in droves. Sometimes for a business to survive, it's got to cut away at the fat to be able to survive. But sometimes it is so easy to fall into a sense of pride, like, “I know what I'm doing, things are okay. I don't need to cut costs. I just need to be more consistent and make more money.” And, I mean, how many times have I or someone else or people in general thought that way that they could just go and make more money and solve all their problems? It's partly right. But many have had that experience where they weren't able to generate that amount and found themselves treading water because their income stayed about the same. Their expenses also stayed about the same or just went up. But if you think about the fact that successful people are those who are willing to do what others are not willing to do, that means successful entrepreneurs are willing to cut expenses, even if temporarily, if need be. Now I've heard people do insane things just to be able to meet payroll at times. I think in those cases it pretty much paid off, but I don't know how much I could recommend being reckless in that sense. But I do think there's a time and place to evaluate your finances. Look at all the subscriptions that have stacked up. Do you need those right now? Are those contributing to you? Are they helping you make more money or are they just eating away at cash reserves? As someone who's had to file for a consumer proposal, I can tell you that it is possible for those to keep eating away at your cash reserves to put you into debt. Subscriptions may seem harmless, but they can add up and even put you into debt.Click To Tweet So, we must give up pride. And I say that as if it's always an easy thing to do and it can be hard at times. It’s like, “Oh, I know what to do. I've got the Midas touch, man. I've got the golden finger. Everything's going to work out.” Well, sometimes it doesn't. And we can have a bias towards our success and that's a good thing, but sometimes we can go from success to success to success and suddenly encounter failure and go, “Well, that was the anomaly.” But the reality is that it's usually a mix of failures and successes on the way to your eventual success. And I think this is what I recognized about cutting expenses. What it does is it frees up energy. And this is something I noticed this last time I went and cut a few costs that were idle and not doing anything for me. When you trim away the fat, you don't have to think about it anymore. Cutting expenses frees up energy.Click To Tweet Then you can free up yourself and free up your mind to concentrate on ways that you can improve your financial outlook and improve your income. And what matters is your takeaway or your profit, right? So, if you haven't done some purging recently and things don't appear to be going well, it might be time to explore purging to look at what you can do to cut away some expenses that aren't serving you. And while I'm not sponsored by them or anything, maybe I should be. ... https://www.youtube.com/watch?v=8wZSPazZ1uU

? Subscribe to our channel: https://www.youtube.com/channel/UCJ3V6BhP0FsMd-1ru5tbsOg?sub_confirmation=1 ?️ Subscribe to the podcast: https://davidandrewwiebe.com/subscribe-to-podcast/ Life may be a wild roller-coaster ride, but that doesn’t mean you want to stall out due to poor management of health, addictions, or lack of self-confidence. In this episode of Creativity Excitement Emotion, David explains why your well-being is the personal foundation you need to build upon, especially if you have lofty ambitions. ? Support the channel Get your FREE book: https://www.contentmarketingmusician.com/yoqmfdcz Donate: https://paypal.me/musicentrepreneur Attend an event: https://davidandrewwiebe.com/events/ ? Podcast highlights: 00:17 – If you’re not okay, your music career is not okay 00:43 – Scarcity mindset 01:19 – Low self-image 02:05 – Mental health issues 02:51 – When you’re not well, it will impact your ability to make forward progress 03:42 – What can you do to ensure you’re in good health? ... https://www.youtube.com/watch?v=UcvnBX8Z6M4

▶ Subscribe to the channel: https://www.youtube.com/c/Dawcast/?sub_confirmation=1 The latest edition of The Music Entrepreneur Code is now available. But you might be wondering what has changed with the new 2022 edition. In this video, David opens the metaphorical kimono to reveal the author’s review copy of The Music Entrepreneur Code – 2022 Edition paperback that the public will never hold in their hands, while highlighting the latest additions to the book. Relevant Links: The Music Entrepreneur Code – 2022 Edition: https://musicentrepreneurhq.com/code2022 Get your FREE music career training now: https://musicentrepreneurhq.com/machine Subscribe to the podcast: https://podcasts.apple.com/podcast/new-music-industry-podcast/id1130560204 Get more fans with our exclusive training: https://contentmarketingmusician.com/products David’s Gear: Microphone: https://musicentrepreneurhq.com/procaster Headphones: https://musicentrepreneurhq.com/statuscb1 Camera: https://musicentrepreneurhq.com/c920 Audio interface: https://musicentrepreneurhq.com/scarlett Video Highlights: 00:00 – The difference between the original and latest edition of The Music Entrepreneur Code 00:25 – Book cover revisions 02:02 – A look inside the new edition Resources: ✅ BitClout: https://bitclout.com/u/davidandrewwiebe ✅ Facebook: https://www.facebook.com/musicentrepreneurhq/ ✅ Instagram: https://www.instagram.com/musicentrepreneurhq/ ✅ Medium: https://medium.com/@davidawiebe ✅ News Break: https://original.newsbreak.com/@david-andrew-wiebe-562681 ✅ Steemit: https://steemit.com/@arcticsunburn ✅ Telegram: https://t.me/davidandrewwiebe ✅ Twitter: https://twitter.com/musicenthq ✅ David Andrew Wiebe: https://www.facebook.com/davidandrewwiebeentrepreneur/ ✅ Patreon: https://www.patreon.com/newmusicindustry ✅ PayPal: https://www.paypal.me/musicentrepreneur ✅ Books: https://www.musicentrepreneurhq.com/books/ ... https://www.youtube.com/watch?v=h-OiZKypoG0

Find more episodes of The New Music Industry Podcast at: https://musicentrepreneurhq.com/blog/ What are you accountable for? Who are you accountable to? Being accountable results in greater rewards for musicians who are willing to take it on. ... https://www.youtube.com/watch?v=RysYTwteQX0