Kuonyesha Art Fund Conversation Facilitated by Taga Nuwagaba
On February 14, 2025, the Kuonyesha Art Fund Conversations hosted an insightful session on "Creatives & Finances", highlighting the often-overlooked connection between art and financial sustainability. With 21 participants, the discussion, led by renowned water colour artist Taga Nuwagaba, explored the financial pitfalls artists face, the importance of budgeting and investment, and the need for financial discipline.
Taga emphasized that while art is a lifestyle, creatives must separate personal and business finances to ensure long-term security. The session also covered tax planning, retirement preparation, and diversifying income streams, essential strategies for creatives looking to sustain their craft and legacy.
Beyond financial management, the conversation delved into networking, partnerships, and strategic investments, from art insurance to generational assets like land and bamboo farming. Taga urged artists to think beyond their immediate needs and plan for a secure future, reminding them that "creativity is priceless, but sustainability requires strategy." This session reinforced the idea that financial wisdom is just as important as artistic mastery.
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