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Royalty - music / book

Discussion about investment tools and strategies other than unit trust, stock and real estate.

Royalty - music / book

Postby Relax on Thu Dec 18, 2008 1:38 pm

I think you are the best person for me to ask this question
what do you think of living off royalty from your creative work?
many people become filty rich with royalty and some artists' work only sell after they die
Azizi Ali can get like quarter to 3 quarter million by selling his books alone




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Re: Royalty - music / book

Postby KCLau on Tue Dec 23, 2008 12:20 pm

royalty is a great form of passive income source.
But it is a special territory for creative people. I tried to sell my songs more than 10 years. I wrote more than 200 songs but yet to sell any!

If you are a great writer, book sales royalty may be viable. But I am yet to see any large amount of money flowing into my pocket from book writing.
There are probably just a few writers in Malaysia who are making good money from book writing.
http://kclau.com - Personal Finance Money Tips
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