Impact of Financial Literacy on Artistic Purity

Elaine Grogan Luttrull is a CPA and founder of Minerva Financial Arts, a company that increases business and financial literacy for artists and arts organizations. She also runs the Business & Entrepreneurship department at Columbus College of Art and Design in Ohio. In this episode of the Thriving Artist Podcast, Elaine provides insights on the types of financial decisions that directly impact the purity of one's art!Topics include:The big financial questions (budgeting, pricing, taxes...)Tax issues artists faceHow do artists choose an entity type?Impacts of entity types (for taxes, health care types, creditworthiness)Overcoming the emotional barrier of art vs. business concernsThe “Starving Artist” stereotypeHow financial literacy impacts artistic purityWhat financial decisions say about an artistPricing of art: intrinsic value vs. commodityFinancial literacy as a path to more moneyListen now, or download and take this episode with you on your phone or mobile device. Also, read Elaine's recent post on pricing art. Minerva Financial Arts is at minervafinancialarts.comIf you’re a working artist, feel free to visit our Grants page. If you’re an arts industry professional, collector, or business specialist, or a working artist who would like to be interviewed, visit our Teach and Learn page. As always, even a modest donation is meaningful; and that page is here.