In our culture anyone who has challenges with money is looked down on and mostly considered a loser.
What I have found through sessions with my clients is that artists simply do not have knowledge, know-how about money. It is not natural to them. They have to learn, have to educate themselves about how to think about money and how to handle money.
It's not that there is something wrong with the artist. It's not that they are not good at money. Most of the time it's not that they have a "poverty consciousness," it's just that they simply are ignorant; they don't know how. No one has taught them. And society, apparently, in general, does not have the idea to teach them how to think about and handle money.
The irony of this is that the artist has talent in his own way, as we all do. Now, we never ask the business person or the scientist or the medical doctor (people using the left side of the brain, earth oriented, and therefore automatically better suited to handle money), to do any art and when they can't produce, we label them as losers. Why don't we?
Yet the artist gets labeled.
To all artists out there: there is nothing wrong with you in the money department. You just have to educate yourself about money, how to think about it, how to handle it, what to do with it, etc. I know it's not easy, not natural, but it can be done. It's like learning any other skill. It's hard to begin with, but you get better at it as you learn more and practice more.