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The foundation of Schaffer's wealth is, of course, the band Iced Earth. Formed in 1985, the group initially operated under the name "Purgatory" before adopting the moniker that would propel them to international recognition. Throughout their history, they have released over a dozen studio albums, with seminal works like *Burnt Offerings*, *The Dark Saga*, and *Something Wicked This Way Comes* securing their status in the genre. Albums and tours are the traditional bedrock of a musician’s income, generating revenue through record sales, streaming royalties, and, most significantly, live performances. Iced Earth has maintained a robust touring schedule for the majority of their existence, filling venues across the globe and ensuring a steady cash flow that supports the livelihoods of all involved, including Schaffer’s substantial share as the band’s primary songwriter and leader.
