MONEY& MUSIC - CHECK OUT THIS WEEK'S SHOW, "PROTECT YOUR MOST IMPORTANT INVESTMENT, YOU!"

HEY PEOPLE,

FIRST MONEY MIKE & COOL V WOULD LIKE TO THANK THOSE WHO JOINED TONIGHT'S CALL, "NUFF RESPECT!"

IF U MISSED THE SHOW U MISSED SOME SERIOUS MEAT & POTATOES! IF YOU MISSED OUT DON'T WORRY JUST CHECK IT OUT "HERE" AND ENJOY SOME GREAT TIPS & IMPORTANT TOPICS. BIG SHOUT TO "NEWMEOO" WHO JOINED US ON TWITTER & CAME ON THE SHOW WITH SOME GREAT QUESTIONS REGARDING THREE PARTY WRITER CONTRACTING. HOW CAN SHE PROTECT HERSELF WHEN GETTING A MAJOR OFFERING FROM A MAJOR LABEL WHILE ALSO PROTECTING ALL PARTIES INVOLVED?

TIP NO#1 : BE SURE TO HAVE ALL PARTIES SIGN A NON-DISCLOSURE AGREEMENT (THEY WILL NOT HESITATE TO DO THIS IF THEIR HONEST ABOUT THEIR BUSINESS!)
TIP #2: NEXT IS MAKE SURE THEY SPEAK IN COMMON TERMS TELL THEM TO EXPLAIN "ALL LEGAL JARGON". IF THEY ARE TALKING OVER YOUR HEAD ASK THEM TO SIMPLIFY THE TERMS. ALSO IF THEY PERSIST RUN LIKE THE WIND BECAUSE HE/SHE IS TALKING OVER YOUR HEAD YOU ARE PROBABLY NOT SAFE!
TIP NO#3 - BE SURE TO GET A LAWYER FOR A LAWYER TO OVERLOOK THE CONTRACT AND IT'S ALWAYS WISE TO GET A 2ND BETTER YET THIRD OPINION FROM DIFFERENT RESOURCES!
TIP #4 - IF THEY ARE IN ANY CONNECTION WITH THAT LABEL IN ANY SHAPE, FORM, OR FASHION RUN LIKE THE WIND, BECAUSE YOU ARE MOS DEF IN DANGER AND A F@CKERY DEAL IS ABOUT TO BE SET UP FOR YOU!

NOW HERE ARE SOME SITES WHERE U CAN INQUIRE PROFESSIONAL ASSISTANCE TO PROTECT YOURSELF!

NOLO - http://www.nolo.com/
MUSE'S MUSE SONGWRITING RESOURCE - http://www.musesmuse.com/
Music Contracts.COM - http://www.musiccontracts.com/
Music Business Solutions -http://www.mbsolutions.com/
Musicians Contract Service - http://www.musicianscontact.com/
Contracts, Trademarks, Copyrights, & MORE Legal info- http://www.legalzoom.com/

REMEMBER PROTECT YOUR MOST IMPORTANT INVESTMENT "YOU".

MANY TIMES THIS IS OVERLOOKED FROM LEGAL CONTRACTS AND DEALS, TO WHICH HUMAN NATURE ALLOWS US TO FORGET OUR MOST IMPORTANT ASSET OUR HEALTH.

THERE ARE SO MANY INSTANCES ONE CAN POINT OUT, WHERE YOU HAVE SEEN SOMEONE'S LIVELY HOOD TAKEN AWAY ABRUPTLY DUE TO AN ACCIDENT OR AN ILLNESS. THINK ABOUT THE LIKES OF MANY SPORTS ATHLETES WHO'S CAREERS END SUDDENLY DUE TO AN INJURY, OR CHRISTOPHER REEVES, MOHAMMAD ALI, MICHAEL J. FOX, TO MOST RECENTLY FANTASIA OR ADAM YAUCH, AND FOR THOSE OF YOU WHO SAY IT'S IN "GOD'S HANDS", THINK OF THE LAST POPE AND HOW MANY YEARS HE WAS SUFFERING FROM PARKINSON'S.

THE BOTTOM LINE IS, IN ENTERTAINMENT, SPORTS, THOSE SELF-EMPLOYED, OR ANY INDIVIDUAL, WE ARE ALL HUMAN AND WE ARE NOT INVINCIBLE TO LIFE'S UNFORTUNATE REALITIES THAT HAPPEN EVERYDAY. SO IT IS IMPORTANT TO ASK YOURSELF, WHAT WOULD YOU DO IN THE EVENT OF A SUDDEN ACCIDENT OR ILLNESS? HOW WOULD YOUR PROFESSION BE EFFECTED & WHERE WILL YOUR INCOME COME FROM?

DID YOU KNOW BETWEEN THE AGES OF 20-67 YRS. OLD, YOU HAVE A 3 IN 4 CHANCE OF SUFFERING A DISABLING CONDITION BEYOND 3 MONTHS. (*social security administration, 2007)

THIS IS WHERE IT IS VERY IMPORTANT TO LOOK AT SHORT/LONG TERM DISABILITY INSURANCE, SPECIALTY INSURANCE, OR CRITICAL ILLNESS INSURANCE, AS PART OF YOUR EXPENSES. THESE INSURANCES WILL HELP REPLACE THE INCOME LOST FROM BEING UNABLE TO PERFORM AT WHAT YOU DO BEST. THERE ARE MANY PLACES TO SEEK OUT THESE TYPE OF INSURANCES FOR YOUR PARTICULAR PROFESSION. HOWEVER, THESE TYPE OF INSURANCES ARE NOT LIKE PURCHASING A CAR, CHAIN, OR CLOTHES. THEY CAN BE COMPLEX AT TIMES, THERE ARE MEDICAL EXAMS MANY TIMES INVOLVED, DOCTOR'S RECORDS REQUIRED, TAX FORMS REQUIRED, AND CLASSIFICATIONS OF THE TYPE OF PROFESSION YOU ARE IN THAT ALL DETERMINE THE TYPE OF INSURANCE NEEDED AND RISK CLASS YOU ARE CONSIDERED TO THE INSURANCE COMPANY, IE. COST/AVAILABILITY. SO DON'T WAIT UNTIL IT'S TOO LATE, TAKE ADVANTAGE OF YOUR AGE & HEALTH TODAY!! BECAUSE THE LONGER YOU WAIT THE MORE CHANCES YOU HAVE OF SUFFERING AN UNFORTUNATE SITUATION THAT WILL MAKE IT IMPOSSIBLE TO OBTAIN, AND OR THE MORE COSTLY IT WILL BE, BASED ON AGE AND HEALTH.

IT IS WISE TO SEEK PROFESSIONAL COUNSEL, AN ADVISER OR INSURANCE AGENT WHO SPECIALIZES IN SHORT/LONG TERM DISABILITY, SPECIALTY INSURANCE, OR CRITICAL ILLNESS INSURANCE DEPENDING ON YOUR PARTICULAR NEEDS.

WHATEVER YOU DO JUST REMEMBER INSURANCE CAN BE VERY COMPLEX TO UNDERSTAND JUST LIKE LEGAL CONTRACTS, ALWAYS DO YOUR HOMEWORK AND BECOME FAMILIAR AND EDUCATED AS MUCH AS YOU CAN, WHILE MAKING SURE THE PROFESSIONAL YOU WORK WITH, WORKS FOR YOU & PROTECTS YOU!!!

NEVER FORGET YOUR HEALTH IS YOUR WEALTH