Many music lawyers have reservations negotiating with major labels on behalf of an artist because of a potential conflict of interest. The business and legal aspects of music involve a complicated format and many of the quality music lawyers knowledgeable and experienced in this maze represent not only the artists but the major labels. This sometimes creates concern about the artist being objectively and aggressively represented in a way that is in the best interest of the artist. Over the years I have seen and heard about numerous artists who have squandered their money on frivolous spending sprees thinking the good times would last forever. The successful artist of today must have his or her eye and ear tuned to this business of music.
Music changes quickly and dramatically.
Those in its wake can be destroyed or rewarded. There may be periods of time where you are in the right spot at the right time to catch the right music cycle, but if you are not and you can financially wait out the short cycle of music changes you will be in an ideal position. The talented Artist of today can go from out of favor, to in favor, to out of favor overnight. Financial independence will enable the Artist to cope with these cycles. The right time and the right place will ultimately present themselves.