...what all do you have to do to make that happen?
That's the million-dollar question!
The simple answer is, hook-up with a band (or
bands) that can generate enough income on which its members can live.
Then we have to look at what the cost of
living entails. Where do you live and what does it cost to have a place of residence there? Are you averse to a roommate to keep that affordable? Do you have other expenses such as car payments, high health insurance, a family, credit card debt, or maybe a fancy clothing/eating/gear habit?
Every person and city is different. A musician making $25,000 a year in Phoenix will probably live better than one making $50,000 in Los Angeles. Depending on one's debt structure, $100,000 might not be enough to be in the black.
Anyway, simple answer #2 - be in the right place at the right time to expose yourself to good-paying bands.
#2a - And how do you get to those places?
Network. In this business, it's not who you know... it's who knows
you.
Success is based on the assumption that you can play the right parts and play them well. Personality and professionalism are important factors. And the genre and location will govern your ability to make a living somewhat. If you're in L.A. trying to play jazz full-time, you can forget it. However, you can make a few dollars playing jazz in New York City (for example) but it's still tough there because living expenses are so high.
I live in L.A., make my living playing in one band, and make gas money playing in 4 or 5 others.
Bermuda