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SFB062 Fame, Fortune, and Broke Part 2 with Marcus Bell of Bellringer Productions

| May 16, 2017
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Episode Summary

Marcus “Bellringer” Bell is a veteran music business entrepreneur and music producer. He has marketed and promoted, produced and written for, mentored and artist developed, some of the world’s biggest superstars such as Usher, Britney Spears, and more. This episode is part two of a two-part interview with Marcus. Marcus continues his discussion on the highs and lows of what fame can do to somebody’s career and financial future.

For more information visit: bellringer.sfgwa.com

What Was Covered

  • 03:15 - People often want to keep up with the Joneses, which often leads to disastrous financial decisions by someone with recently acquired money.
  • 06:15 - Marcus admits that for years he was not earning enough income to support his lifestyle.
  • 08:35 - When Marcus finally got out of debt, he didn’t know what to do with himself. However, he ended up falling back into debt, because he surrounded himself with the wrong people.
  • 11:45 - Money problems don’t actually happen because of lack of money. Usually there’s a different and outside factor for it.
  • 13:45 - What was your parents’ relationship with money?
  • 18:40 - Save your money by not playing the same way everyone else does. Paul and Marcus explain further.
  • 26:50 - By buying that bigger home, you’ve put yourself in an environment where you’ll be impacted by other people’s spending and lifestyle choices.
  • 33:15 - No matter how much money you may have, you’re still susceptible to money problems.
  • 35:15 - Marcus talks about his grandmother and her financial wealth.
  • 39:55 - How much money does it really take to support the lifestyles of the rich and famous? Paul will be recording a YouTube video on that soon!
  • 44:25 - Paul loved Marcus’s Michael Jackson remix of Thriller. You’ve gotta check it out!

Tweetables

"There’s a competition to become successful in music and then there’s also - a competition for the trappings of it."

"The people you surround yourself with are so important."

"It’s not about how much money you make, it’s the strategy that you operate from, on what you have."

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