On ‘Am I Getting Rich?

The writer’s life: Hard days, lots of work, no money, too much silence. Nobody’s fault. You chose it. ”

― Bill Barich

Short answer: (spoiler alert) No.

Author’s incomes are actually going down, not up. Publishing is a perilous enterprise these days and one way of trying to make it pay is giving most authors a great deal less than they got ten years ago. This week a bestselling Irish author decided to go back to his full time job, so that he could pay his mortgage. Most of us survive (as Ros Barber explains eloquently) by cobbling together part-time teaching jobs, school visits and other paid work.

But what do we mean by ‘getting rich’?

I think we mean feeling comfortable. Being financially secure. Even…and this almost never happens to writers: becoming financially independent.

I don’t feel comfortable or secure. If I get ill or I lose my job, my family will be in trouble. But looking at it from the standpoint of cold, hard income and outgoings, evidently my personal financial position isn’t as precarious as it feels.

Because when I research it, I’m already rich.

Looked at from a global perspective, I’m in the top 14%. In the UK, my family are in the top 26%. Trust me, if you could see my 13 year old car, my IPhone 5c and my two-up, two-down terraced house, (let alone my haircut) your first thought wouldn’t be: there goes someone rich. But clearly, I am. So, why don’t I feel rich?

So why are writers moaning about money?

I think it’s because, compared to other professions, it is so poorly paid. If you study Law or Medicine or an academic subject for years and work hard and become a success – if you become a QC or a Consultant or a Senior Lecturer/Professor, you make a very good wage. If you study writing for years and work hard and become a success – you make less than minimum wage and have to do other work to supplement your income. In the end, that means we all get less writing and writing that is less imaginative, free and inspired. Because in the back of our minds, writers are wondering how we’ll pay the mortgage if we get ill.

 

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One thought on “On ‘Am I Getting Rich?

  1. When I trained as a psychotherapist, I hoped that would support my writing. I didn’t realise back then that psychotherapy is a subsistence profession too – and it’s equally something that people don’t do unless they love it. It wasn’t till I was old enough to get a pension that I could afford to do less psychotherapy and more writing!

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