Every author, whether a first timer or seasoned, has dreams of earning a living as a writer, traveling the globe, paying off bills, sending kids to college or putting that addition on the house with earned royalties. It's a lofty dream but one only a small percentage of writers experience.
Nothing I've seen explains the financial aspects of being an author more thoroughly than a recent post written by Jen Laughran, about making money as a writer, originally shared in a post from SCBWI (Society of Children's Book Writers and Illustrators) and shared by author Laurie Edwards. It impressed me so much I felt I should share it on my blog.
http://literaticat.blogspot.
I often meet newly published writers who seem to have no idea of the financial responsibilities being published demands. Although the above link talks specifically about book advances, what is said about paying taxes, Income, Personal Property and Sales, is relevant whether you receive an advance or not.
The sobering, bubble bursting, dream squashing reality expressed in the post is important to heed.
More than ever you need to write for the love of writing. I believe when you do that, the money will follow, eventually.
Holiday Spirit
4 days ago
2 comments:
Sandra, I just reread Stephen King's terrific book on writing. He said if you have a talent to write, use it.
It's the only talent I have, but the rewards are slow in coming. You know what? It doesn't matter, I write because I have a passion for putting words together. It just took me a long time to figure it out.
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