Poetry Magazine, the long-struggling publication, received a 100 million dollar bequest recently from pharmaceutical fortune heir Ruth Lilly. It’s stirred up a hornets nest in circles that frown on mixing art and money. But commentator and arts critic Ann Daly says it’s about time.
At a recent dinner party, my host, an engineer with a poetic soul, shook his head over Poetry Magazine’s good fortune. "Let's just hope," he said, ferrying plates off the table, "that they don't squander it."
Squander it? Whatever could he mean?
In this column, NYFA Program Officer Edith Meeks interviews performing artists about issues relating to their working careers. Here, she speaks with David Sharp about artists and finance.
Edith Meeks: You’ve made a pretty unusual career combination of dancing and corporate financial consulting. Do you make any connection between the two?
A budget is simply a plan for how you earn, spend, save and invest your money. Creating your budget is one of the first things you should do as you begin to organize your personal finances.
Why? Because having a budget is the key to making your money work for you. Until you actually calculate how much money you earn after taxes - and until you figure out how much money you spend every month - it's impossible to establish a savings or investment plan that will work.
