The National Arts Council (NAC) has called on artists to be proactive in managing their finances and invest in wealth management initiatives. Speaking exclusively to the Zambian Business Times, the National Arts Director Maanka Chipindi highlighted the short-lived nature of an artist’s career and the importance of proper investments.
Chipindi noted that artists often make significant amounts of money in a short period but struggle to sustain their financial stability after their careers come to an end. He urged artists to avoid future financial hardship and adopt wealth management initiatives to secure their financial future.
“The career of an artist is very short. You will find out that in five years, they are gone. So as National Arts Council, we want to encourage artists to go into wealth management by managing the money they make by investing it so they don’t come back to ask for money,” Chipindi said.
FNB and NAC are currently running an arts competition, which is part of the partnership to promote financial literacy among artists. The competition aims to encourage artists to learn about financial management and invest in their future.
“We are hoping that banks will help us to help our artists to do the right thing,” Chipindi added.
Chipindi said it is essential for artists to take charge of their finances and invest in their future to avoid financial struggles after their careers come to an end.
He said the NAC’s partnership with FNB is an excellent initiative that will help artists manage their finances and secure their financial future.
“A few days ago, we launched a partnership with FNB where we are running an arts competition and part of that partnership is around helping artists to manage the money that they make because they make a lot of money but in a short time they are gone.”
“And we are assured that the Bank will help us to help our artists to do the right thing,” said Chipindi.
