When the money keeps rolling in

I think I’ve found a downside to blogging. It’s the money. I’m earning too much.

Don’t worry, I haven’t lost my mind, nor am I blogging from the padded comfort of a high security psychiatric faculty. Making a lot of money is not without it’s problems.

The current financial crisis has made it virtually impossible to find a safe place to stash the cash. Years of being lied to by politicians and bankers has left the western world with a fiscal headache the size of Pluto. The bankers will squirm, the politicians in their pockets will pander to them and the tax payer, as always, will get screwed and pay the bill.

100% of the income generated by Upstart Blogger is put into a savings account. With my music career generating enough money I don’t need to use the extra thousands that are coming in each month. Furthermore, I feel that the long term interests of my family are served best by saving the monthly blogging windfall rather than simply raising our expenditure.

Sounds great doesn’t it?

But those savings are not guaranteed. If my bank falls, and it could very easily fall, I wouldn’t get all of my money back. The only choice at the moment seems to be to take my money and deposit it in a bank within the borders of a country that has a 100% deposit guarantee.

Or maybe I should do my bit to push the economy forward and go Lamborghini shopping first thing in the morning.

But that, of course, is not the financially sensible thing to do. If the upward income trend continues then my choice of transport may one dayl have a raging bull on the bonnet, but not until I’ve secured my families financial future.

The problem is finding that security. Property, metals, currency, nothing is safe

It’s a crazy situation. And it is no surprise that gold futures rose sharply today as people scrabbled for a safe investment.

Of course, the blogging money train keeps chugging along relentlessly and as more and more people jump into what is still a new economy that’s not going to change for the foreseeable future. I just never thought that securing the money that I had already earned would ever be substantially harder than earning it in the first place.

Ashley Morgan is a UK jazz trumpet player and owner of independent record label 447 Records. Ashley Morgan is the trumpet player with Enormous.