How he’s spent the money: “Paying off my student loans—going to grad school in New York City is a doozy! My other big thing was getting my dancers health care. And just making sure my mother had grocery money after my father died.” Biggest mistake: “I had no knowledge of how to invest, or deal with the tax implications. I wound up losing a fair amount of money because I didn’t know how to properly channel the money so it could accrue interest. I kept it in my savings account and when tax time came around I was really shocked and scared by some letters from the IRS!”
Article source here:Arts Journal
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