A Quote by Elton John
I do work a lot. I mean, most of my income, I would say, comes from live performances. And then you've got publishing, you've got record royalties.
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Through a lot of conversations with the Minister [Louis Farrakhan] you've got to know when to say something. But if you are forever going to be afraid to say anything, then you become irrelevant - as a force. I mean, so the God-given gift that you got, you're not a relevant player in the game - you're just a dude whose got money, got a big house and some cars.
When I was 13, I told my dad I needed to record myself because I sounded awesome, even though I didn't. By 18, I was a lot better. Then I got a publishing deal, so I was writing songs for other people professionally.
Making a record? You've got to have the song, then you create a record. I think it's the same with a live performance. If the material is strong, you're already 90% there. I always tell young people it's all about the music, the songs. Work on the songs, work on the songs, work on the songs.
I write chronologically in my life, so whatever's going on, I write about it. Usually, that's when I feel the most cohesive body of work is formed. I got to live this crazy life, I got to write about it, and now I've got this record that I'm really proud of, too. It's not done, but when I put it out, it's gonna be good.
I've spent a lot of time in tiny venues in the way that I got my record deal and got my name out there just performing live. I was literally performing my songs in all kinds of different ways with different guitarists, and I didn't have an album up online or anything. It's been a lot of work; it definitely hasn't been a sudden explosion into fame.
I didn't earn that much in record royalties. You've only got to look at my sales in 1980 to figure that one out.
When I was releasing EPs by myself, I was generating royalties. And when I signed, I thought I'd put those royalties into other artists. And interestingly, streaming is most of the income for those artists.
I've been getting publishing royalties and stuff like that. I have just been lucky. They come in at the right time. Sometimes they don't, but I am not wealthy or anything like that. I just love to work. I would rather work three hundred and something days out of the year. I would rather be working. They don't know. I love playing. Then I can really get my music together.
I tried to bring in the live orchestra like Bjork does. I love the feeling that that music gives me when I just listen to it. I mean it would be awesome to do an entire record like that. But unfortunately that's not my style. So rather than do a record like that I just got inspired by it.
I've never had a relationship with a record executive. I always went to the record company by someone that liked my playing. Then they would get fired, and I'd be left with the record company. And then - because they got fired - the record company wouldn't do anything for me.
I think people overplay the 'Saturday Night Live' schedule. I mean, yeah, it can be some late hours. But the late hours are usually only one or two nights out of the week. You might have a crazy six-day week, but you'll work three weeks, and then you get a week off work. I'd take most jobs if it was hard work and then I got a week off.
My rich dad taught me to focus on passive income and spend my time acquiring the assets that provide passive or long term residual income...passive income from capital gains, dividends, residual income from business, rental income from real estate, and royalties.
For a couple of years, I'd work from 6 to 11 P.M., then 1 to 5 A.M., and then got up and tried to go to school. That was pretty rough, but I got a lot of experience playing music.
Profile has half the publishing and they control and administer the publishing and distribute and own the records, so our group is a 10-point crew. But we got a lot of money off of the shows.
It's a sense of pride, a sense of you set out to get a record deal, and we got that. We set out to get a No. 1 record, and then we got that. Then you say, 'Wow, that was impossible and now even more impossible is to stay No. 1 and stay current and put out new records that people care about,' and we really stuck to that.
The point is that one's got an instinct to live. One doesn't live because one's reason assents to living. People who, as we say, 'would be better dead' don't want to die! People who apparently have everything to live for just let themselves fade out of life because they haven't got the energy to fight.
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