It's Art Basel week in Miami, that time of year when the entire modern art world comes to Miami to appreciate, discover, and purchase unique pieces from up and coming artists to the biggest names in the game. Now I'm no art connoisseur, but I am interested in art and how it relates to money.
At Art Basel, there is approximately $3.5 billion in art for sale and about $450 million of that is projected to be sold. Before you start purchasing expensive art and redecorating your entire home, first you’ll need a house, and before you get that house, you’re going to need to get your proverbial house in order. Don’t take my word for it, I had a chance to chat with Romero Britto, Brazilian-born and Miami-made artist who's work has been exhibited in galleries and museums in over 100 countries. His vibrantly colorful artwork is recognized worldwide.
Britto's message is to find your passion, something that you are good at and to put the time and the effort into it to be the best you can be. After you've spent your 10,000 hours plus on your passion like my man Malcolm Gladwell says in his book Outliers, the money will come. And once that money comes, it’s time to invest that money. Then one day, you can afford to buy a house and maybe even hang a beautifully vibrant Romero Britto piece all because you saved that money!