5 Money Lessons From Taylor Swift That Work for Anyone

Taylor Swift was once an up-and-coming 14-year-old. And while she has always been brimming with talent and potential, her success since then is almost hard to fathom.

• Her recent Eras tour has generated over $2 billion in ticket sales in North America.

• The movie version of the tour is the highest-grossing concert film of all time.

• And she achieved billionaire status in 2023, along with recently becoming the world’s richest female musician.

Whether you love her or hate her, there’s one thing we know. She’s been building an empire while everyone’s been belting out “Bad Blood” at the top of their lungs.

And there’s a lot we can learn from her. So, let’s get started!

5 Awe-Inspiring Lessons From Taylor’s Real Life

Lesson 1: Don’t Be Afraid to Stand Up to the Status Quo

When her old record deal was up, Swift’s early hit songs were sold to a private-equity group owned by powerhouse music manager Scooter Braun. He then sold them to another company, Shamrock Holdings, for a reported $300 million in 2019.

Swift felt that Braun bullied her, so she promised to re-record her original six albums. And this time the production, distribution, and sales are under her control.

Re-recording her albums took time, money, and dedication. But Swift invested in herself. She set out to change how the entire music business controls the art (and money behind the art). This decision allows her more freedom over her creative output too.

Lesson 2: She Sweats the Details

One of the fascinating things about Swift is how meticulous she is with her work and fans. She makes sure everything is up to standard. Every time.

You can see it in…

• how her album covers look
• the quality of each song she releases
• how she responds to individual fans
• the length and quality of her concerts
• and even dropping “Easter Eggs” and bonuses that excite fans

Her goal is clearly to give every consumer the best she has to offer. And it shows.

Lesson 3: Diversify & stay Hungry

You might think that all of Swift’s money is wrapped up in her music. And much of it is. But Swift has also expanded her wealth over the years with merchandising, endorsements, licensing deals, and real estate.

She has leveraged her influence and diversified income streams instead of staying complacent.

Related: 7 Income Streams Millionaires Have in Common

Lesson 4: Build Your Team Wisely 

No one can rise to Swift’s income levels without help. And lots of it. Taylor knows that picking the right team for her goals is important.

She relies on savvy agents, managers, publicists, attorneys, and many more professionals to help build her empire. Expertise matters!

Lesson 5: Give Back Generously

Swift is a major philanthropist. She uses her time and resources to champion many different causes.

She uses her influence for good. And you can see it everywhere – in charities, with fans, and changing the music industry for future artists. I don’t know of a better role model.

Bonus Lesson! Find Your Voice

Whether her struggles are personal or professional, Swift has never compromised her voice. She stays true to herself. In fact, part of her music inspires others to find their own voices. Her openness about adversity is one of the things that her fans love most about her. It makes this billionaire relatable.

Never forget that your voice matters.

Mini Lessons From Taylor’s Songs

And of course, aside from Taylor’s personal life, her songs give ample words of wisdom too. Here are my favorites!

“Shake it Off” – You’re going to make mistakes. You’ll have financial setbacks too. Shake them off and keep moving forward.

“The Man”

“They’d say I hustled, put in the work, they wouldn’t shake their heads and question how much of this I deserve.”

Women face challenges that aren’t talked about enough. Be like Taylor – advocate for fair pay, invest in your financial education, and know your worth. Speak up for other women too.

“Wildest Dreams” – Don’t be afraid to have big dreams and aspirations for yourself. Setting ambitious goals keeps you motivated.

“Fearless” – Be brave. There’s no reward without some form of risk. Make calculated risks to find your biggest gains.

“Begin Again” – It’s never too late to get your life and your financial house in order.

What’s Next?

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