What We Do: www.darklabelmusic.com Get 1-on-1 business management: rb.gy/alxfwk Join "The Producer Files" for free: rb.gy/wybbxr The Music Pro Daily Business Podcast: rb.gy/veyhay
I'm not a lawyer/accountant so this is a disclaimer, but with a solo401k, you can contribute over $60k a year into it. If you do that for 5 years in your 20s, your retirement account will be near $5MM in retirement at your age range lol (assume 8%). Assume 10% and it's $10MM. Compound interest can be crazy. Some producers I know have really good years and only if they did this, they would be in a better place.
![Kodak Black - Versatile 4 [Official Video]](http://i.ytimg.com/vi/VcP_1Ua__vY/mqdefault.jpg)
What We Do: www.darklabelmusic.com
Get 1-on-1 business management: rb.gy/alxfwk
Join "The Producer Files" for free: rb.gy/wybbxr
The Music Pro Daily Business Podcast: rb.gy/veyhay
I'm not a lawyer/accountant so this is a disclaimer, but with a solo401k, you can contribute over $60k a year into it. If you do that for 5 years in your 20s, your retirement account will be near $5MM in retirement at your age range lol (assume 8%). Assume 10% and it's $10MM. Compound interest can be crazy. Some producers I know have really good years and only if they did this, they would be in a better place.
100% - Thanks Niko! Great info
That third point is huge 🙌
So instructive video. Just found your channel. Thanks for sharing all your knowledge!!!
Thanks for watching!
Your content always has solid advice.
Thanks for the support!
Good stuff as usual, thank you Dan. Looking forward to our call on the 10th ;)
Looking forward to it!
I needed this. Thanks.
You're welcome! Thanks for watching
oh damn i thought this channel had at least 50k, 100k subs
Champ.