Rodrigo Nieto-Galvis and Leila Cobo speak onstage at Billboard Latin Music Week held at Faena Forum on Oct. 2, 2023 in Miami Beach, Florida.In a panel called “How to Manage Your First Big Paycheck: Step 1, Don’t Buy That Exotic Car,” presented by CN Bank on Monday during the opening day of‘s Leila Cobo about managing and protecting your music revenue.
According to Nieto-Galvis, you should seek advice and establish a plan before running out to buy that luxury car. No matter how big that check is, especially if you are starting out, “your income is not so constant because you are an independent worker, you’re not getting a monthly paycheck,” says the expert.“You have to balance,” Nieto-Galvis explains.
“It doesn’t matter if that check is for $100,000 or a million,” he stressed. You need a team specifically dedicated to music and entertainment to be able to eventually buy the car of your dreams and also have financial stability.
Latin Music Week include AT&T, Cheetos, CN Bank, Delta Air Lines, Lexus, Netflix, Michelob ULTRA and Smirnoff. Latin Music Week coincides with the 2023 Billboard Latin Music Awards ceremony, which will broadcast live from the Watsco Center in Coral Gables, Fla., on Thursday , and will air on Telemundo. It will also broadcast simultaneously on Universo, Peacock, the Telemundo App, and throughout Latin America and the Caribbean on Telemundo Internacional.Taylor Swift Fans React to ‘Cornelia St.
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