My advice to all the young peoples - get a college degree based on scholarships, master’s degree even if can swing for cheap enough, and enter a field with plentiful employment opportunities that pay decently with good benefits. Helps if you are in a country with good healthcare system. Also helps if it is a somewhat enjoyable and creative field. Enjoy what you do to earn money. There are jobs like this in gov and edu. Don’t go the stressful corporate route. Maintain a good work/life balance. Keep your head down and be a pro at work. Keep up with skills and continuing education. Don’t worry about climbing the ladder and kissing ass. Just be so good at what you do that you have control.
Save approximately 50-70% of your salary. When you get a raise, don’t give in to lifestyle inflation. Invest in simple pre-tax vehicles. Here in the US that means IRA’s, 403b’s, 457b’s, 401k’s, HSA’s, etc. Auto-invest in simple things like Vanguard total stock market (VTSAX) and little bit of Vanguard Total Bond fund. Keep it simple. Hands-off. Pile the money into these in good times and bad. Don’t sell. Become a minimalist. Live light. Live simply. Stay mobile. Enjoy the small things. Helps if you are content not having children. Dual-income no kids (DINK’s) high earners is a situation that is perfect for saving money. Stay.out.of.debt.
Make music in your spare time. If lucky you can also make music at work, or on lunch hours. Then, retire early. In your late 30’s or even early 40’s. Seems like it will never get here. But it definitely does. Then, make music full-time. Total creative freedom. No pressure. Afford any gear. Not all the gear, but pretty much any gear. More importantly you will have time and energy to devote to your art.
This is a very narrow lane, I know. There are a thousand excuses and also legitimate reasons why people can’t. Totally understandable. Not everyone can do this, for reasons beyond their control - health conditions for instance. But it can be done. Plenty have done it and are doing it. People usually shit all over this advice. But I don’t care. I’ll still say it anyways. Good luck young people. Don’t be the guy cleaning the studio bathrooms at 35 years old.