#annuity

2026-01-09

Stop Paying Rent on Your Own Words!

Stop paying rent on your own words. For decades, writers were taught that “real” authors have representation, an agent, sometimes even a manager, as if legitimacy were a credential issued by an industry gatekeeper. That belief was formed in an older media economy: fewer publishers, fewer channels, slower production cycles, and a cultural aura around scarcity. In 2026, the belief is not merely old fashioned. It is often financially irrational, and for many authors it is the single most reliable way to give away a permanent slice of income that should remain theirs.

The central problem is structural. Agents are commonly paid by commission, and that commission attaches to the very thing a writer should guard most jealously: the long tail of rights and revenue. A book contract can pay out for decades, especially if the work becomes a steady backlist earner, gets renewed in new editions, moves into audio, or is licensed abroad.

When an agent’s compensation is a percentage of every dollar that flows from that contract, the agent is not a one-time consultant.

The agent becomes a perpetual claimant. Many agency arrangements also get reinforced inside the publisher’s contract through mechanisms that make the agent the “agent of record” so that money is routed through the agent as the default conduit for as long as the contract lives. Even if the relationship ends, the payment mechanism often does not, and the author keeps paying for work that is no longer being done.

This is where authors must debunk their own mythology. Writers often say, with sincere hope, that agents “get you the job.” In reality, agents rarely create demand; they manage and monetize it. A strong agent can be an effective broker. They submit to editors, follow up, package a proposal, handle correspondence, and negotiate terms.

If a book is already drawing interest, a good agent can intensify that interest and, in high-competition situations, can manage bidding in a way that improves the deal. But the fundamental truth remains: agents do not manufacture readership, they do not write the book, and they do not supply the core engine that makes publishing work, which is reader demand.

What they typically do best is manage “outside interest” once it arrives or once it is plausibly emerging, and then take a percentage of the resulting revenue for as long as that revenue continues.

The manager fantasy is a variation of the same problem. A “manager” makes sense in Hollywood when a person is being sold as a multi-platform commodity across film, television, speaking, endorsements, and licensing.

For the ordinary working author, a manager is frequently just another commission structure, another permanent claimant on future earnings, and another layer between the writer and the business decisions that must be made quickly and clearly. Book writing is not a star system, and authors are usually better served by competence than by mythology.

If you want protection, representation is the wrong word. What you want is counsel. Contracts are not enforced by charm or industry relationships. They are enforced by law. An agent is not a lawyer and cannot provide legal services in the way counsel can.

More importantly, an agent may be structurally conflicted, because their business depends on maintaining ongoing relationships with the very industry they negotiate against. A lawyer, by contrast, has a duty of loyalty to the client, and their job is to protect the author’s interests in the only place that matters: in the language of the agreement.

This is why the better path for most authors is to hire a publishing lawyer instead of paying a perpetual commission. A competent publishing attorney will identify rights grabs and overbroad grants, tighten the definition of “net receipts” so royalties are not calculated on a shrinking and mysteriously deducted base, negotiate reversion triggers so the book does not vanish into contractual limbo, protect the writer against abusive option and noncompete clauses, and clarify audit rights and accounting duties.

In plain terms, a lawyer will stop you from signing away your future. And when the work is done, the bill is paid, and the future income belongs to the writer. That is not an ideology. It is the mathematics of whether you choose to buy expertise once or rent it forever.

The commission issue is not a trivial detail. Standard agent commissions are often discussed as fifteen percent. That number sounds modest until you remember what it is a percentage of: your life’s work. When the book continues to sell, the agent continues to take. When your audio edition grows, the agent continues to take. When you license foreign rights, the agent continues to take. If you sign a series, the agent continues to take.

If you later become sophisticated and could negotiate your own terms, the agent continues to take. That is why “in perpetuity” is not a rhetorical flourish. It is a sober description of how these arrangements can function.

Many professional author organizations have long warned writers about agency contract provisions that attempt to extend commission obligations indefinitely, even after the agency relationship ends, and they have warned authors about clauses that lock in the agent’s role inside publishing contracts in ways that can bind the author’s future choices.

Those warnings exist because authors keep getting hurt, and because the default behavior of an unexamined industry is to see what it can get away with.

Publishing itself has changed enough over the last twenty-five years that the old myths no longer match the lived reality.

Once, writers were trained to think of publishing as a patronage system: you secure the right blessing, you obtain a large advance, you are ushered into bookstores, and the machine turns. Advances still exist, and in rare cases they are still large, but the dominant reality is more prosaic: advances are advances against royalties, paid in stages, and authors do not see further royalties until the advance earns out.

More importantly, the industry has drifted toward royalty structures that are often based on “net,” not on list price, and “net” is where authors get quietly bled. The definition of net can be drafted to allow deductions that shrink the royalty base before the author’s percentage is even applied. If a publisher is allowed to deduct costs broadly, the writer is no longer receiving a clear share of sales.

The writer is receiving a share of what remains after an accounting story has been told.

This is precisely the moment when a lawyer is worth more than an agent, because the fight is not about access to an editor. The fight is about language, definitions, and enforceable obligations.

Self-publishing, meanwhile, has become the great liberator, not because it is effortless, but because it is honest. The old media world treated self-publication as vanity, a kind of embarrassment.

That stigma depended on scarcity and gatekeeping. It depended on the assumption that only a handful of institutions could produce and distribute books at scale, and that those institutions conferred legitimacy. That world is gone. Digital storefronts, print-on-demand, audiobooks, direct-to-reader marketing, and social discovery have made it possible for a serious author to publish professionally without asking permission.

When an author self-publishes today, the author can move faster, update faster, correct errors, repackage, redesign, adjust pricing, and respond to the market with the speed that modern culture demands. The author controls the work’s destiny rather than waiting for a seasonal list meeting in some distant office.

The author can decide how rights are licensed rather than surrendering them by habit. And because platform terms often offer clearer and sometimes higher shares to creators than many legacy ebook royalty structures, self-publishing can be economically superior when the author is willing to take responsibility for production quality and marketing execution.

None of this is an argument that traditional publishing is always bad. Traditional publishing can still confer distribution advantages, prestige signaling in certain spaces, and editorial and design resources that are real and sometimes excellent. But the myth that it is the only respectable path is dead, and it deserved to die. There is no moral superiority in waiting for permission, and there is no virtue in outsourcing your agency to an intermediary who then takes a percentage of your future forever.

The modern author must think like an owner. If you want expertise, purchase it directly. If you want protection, hire counsel. If you want speed and control, self-publish with professional standards. If you want a publisher, treat that relationship as a licensing transaction in which you are a rights holder negotiating terms, not a supplicant begging for approval.

The real dignity in authorship is not found in being “represented.” It is found in retaining sovereignty over the work you made. Pay a lawyer once, keep your profits, keep your rights, and stop confusing tradition with wisdom.

#agent #annuity #author #bolesBooks #copyright #lawyer #manager #marketplace #money #publishing #rent #royalty #selfPublishing
Yonhap Infomax Newsinfomaxkorea
2025-11-06

Whole life insurance is gaining traction in South Korea as it offers both economic security for families and lifetime annuity options, with new products and government policies expanding accessibility and flexibility.



en.infomaxai.com/news/articleV

Southern Fried PodcastSouthernFriedPodcast
2025-10-23

facebook.com/share/r/1DfC8iohs

Paul LeBron Putnam II.
Senior Marketing Director with the Ascending Financial Group.
Paullebron.ascending@gmail.com.
423-505-4081

Mega Componentmegacomponent
2025-02-01

ttps://megacollc.com/cisco-tetration-hybrid-cloud-workload/
Cisco Tetration Annuity C1-TA-BASE100-K9 60MO TA BASE SW LICS 100SVR INCL VM/BAREMETAL 1-5C
@learningatcisco @megacomponent

Wealth Wisdom FinancialWealthWisdomFinancial
2024-07-27

Recently leave a job or transition to a new one? It's a great time to review your financial strategies, especially for any 401(k) funds from your previous employer.

Learn more about your options here: zurl.co/OvCG

Wealth Wisdom FinancialWealthWisdomFinancial
2024-07-22

In 2024 the U.S. has a record number of 65-year-olds, straining the capacity of our retirement system. What are you doing to prepare?

We've got some ideas: zurl.co/HdtF

Wealth Wisdom FinancialWealthWisdomFinancial
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According to a 2022 study, 75% of Americans are worried about inflation impacting their retirement plans. It's a legit concern. Let's explore how to ease your concern.

More info here: zurl.co/osMG

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According to a 2022 study, more than 1/2 of Americans say it is important to have some retirement savings in a financial product that protects it from loss. That's some good wealth wisdom.

Learn more here: zurl.co/PSLZ

2024-01-17

In the latest post from Actuaries Carbon Collaboration, Neil Dissanayake and Gowri Kotur discuss whether installing solar or a heat pump should be considered as part of retirement planning. How would that compare with an annuity? It's interesting to think about whether this is an approach to retrofitting that could help the UK achieve Net Zero - are there potential policy possibilities here?

carbon.ifoagroups.org.uk/holis

#netZero #retrofit #solar #heatPump #retirement #annuity

2023-07-26

Watch "$1 Billion Jackpot: Would You Take an Annuity or Lump Sum? [Financial Breakdown]" on YouTube
youtu.be/sGn2EdFGyqU
#Lottery #Payment #Annuity #lumpsum #Finances #FinancialAdvice

SellMyBusiness123.comsellmybusiness123
2023-07-04

Seller financing has many advantages, take a look!

Learn more: The Incredible Benefits Of Seller Financing + Tax Advantages
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SellMyBusiness123.comsellmybusiness123
2023-06-29

By offering seller financing, both parties are able to benefit from more flexible terms and lower interest rates.

Learn more: Creating Your Retirement From A Business Annuity Sale
lttr.ai/ACW4I

SellMyBusiness123.comsellmybusiness123
2023-06-15
SellMyBusiness123.comsellmybusiness123
2023-06-09

Seller Financing Benefits sellers by potentially increasing the purchase price, expanding their pool of buyers, and allowing for creative deal structures!

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SellMyBusiness123.comsellmybusiness123
2023-06-08

In addition to attracting more prospective buyers overall, providing seller financing can also encourage competitive bidding among those already interested in acquiring your company.

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SellMyBusiness123.comsellmybusiness123
2023-06-06

By offering flexible payment options and attractive interest rates, you increase your chances of finding an ideal buyer who is willing to pay top dollar for your enterprise while securing a stable income stream.

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SellMyBusiness123.comsellmybusiness123
2023-05-31

Seller: If your primary goal is ensuring stable retirement income through an income annuity, consider offering seller financing with monthly payments instead of demanding full payment at closing.

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