Trending on Billboard Songwriter Laura Veltz (“The Bones,” “Speechless”) grew up in a family band that didn’t make much money. Thus, when her passion for songwriting was about to generate a big paycheck, she suddenly realized she didn’t know what do with it. Related “I had a hit song and, basically, a panic attack at the same time,” remembers the five-time Grammy nominee. Fortunately, her publisher — Big Machine Music GM Mike Molinar — put her in touch with Music Row Wealth Management advisor Tracy Hackney, who gave her a three-step path to follow as the money started coming in. She followed that simple plan obsessively, and roughly 18 months later, she was in good enough shape to become a client. Veltz and Hackney ultimately established a podcast, Songwriter Soup, that focuses on the business of songwriting. In tandem with its fifth season — which launched Oct. 5 with guest Joybeth Taylor (“Choosin’ Texas,” “Empty Words”) — their side enterprise is now a 501(c)(3) organization, allowing them to dive into the content without getting bogged down over growing a business. “As a songwriter and as a financial planner, Laura and I both have wanted to give it away,” Hackney says.
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