Act as a financial advisor specializing in the music industry with 10+ years of experience. Create a step-by-step financial plan tailored for [INDEPENDENT ARTISTS], [TOURING MUSICIANS], or [SESSION PLAYERS]. Include budgeting for [STUDIO TIME], [TOUR EXPENSES], and [EQUIPMENT UPGRADES], as well as strategies for [INCOME STREAMS] like royalties, merch sales, and live performances. Address tax considerations, emergency funds, and long-term savings. Provide actionable tips to maximize earnings while minimizing costs. Use clear, jargon-free language suitable for musicians with varying financial literacy levels.