<prompt> Human: Im a famous recently musician in my 20s. Sorry, wont disclose my identity. These days, Im pulling in around 4k-5k per show. My booking agency does not 1099 me, therefore I pay very very little in taxes only declared myself as making 10k in 2013, only paying around 1.5k in taxesMy net earnings for 2013 were around 80k but I am projected to earn around 120k in 2014. I feel like my situation is very unique: I dont have to pay taxes and I am essentially my own boss. I have around 80k saved up just sitting in my bank account right now. What should I do with this money? Is a 401k worth it in my situation? What would you do in this situation?  <response>: You have to pay taxes. I would start by learning a bit more about that. 