That’s right people! So that water bottle you chugged right before you ran out on stage did a whole lotta… well, nothing, if you haven’t been drinking water consistently throughout the day. So don’t wait until you’re already thirsty to have water; by then it’s too late. Make a point to meet your hydration goals periodically throughout the day so you can avoid paying for it later when you really need it!
Financially-savvy songwriters have been taking advantage of this loophole by quietly selling a portion of their catalogs. In addition to receiving a big lump sum payment taxed at half the rate, these songwriters are diversifying to hedge against industry turmoil, inflation, and declining royalties. It’s something worth checking out!