Planning to retire?
Think selling that book will be the answer to your money woes?
Author Barbara Kanninen polled over 100 authors (first time, veteran, agented, and unagented) about their advances and contracts for picture books they sold, and the results are here.
The truth is, I've never met a children's book author who is in this business for the money. We like making money, but we are compelled to write stories.
Bottom line... keep on writing, but make sure you have another source of income!