The odds of your making a living performing your own material are small, vanishingly small. But there are a lot of ways to make a living in music. If you do succeed at the singer-songwriter path using the tips listed in the other answers, mazel tov. In the likelihood that the singer-songwriter-musician thing doesn’t pay the bills, ask yourself which aspects of the music world you like and which you don’t. That will help you broaden your options and make it likelier you’ll wind up doing work you enjoy.
I have one friend who’s a full-time professional singer-songwriter, touring on the lesbian folk circuit. She puts out albums once in a while but those aren’t a major source of revenue; they seem mostly to serve as souvenirs from her gigs. She supplements her touring income with some freelance non-musical work around the sides. Her life is possible because a) she’s just unbelievably good at what she does, b) she’s well-connected to a warm circle of fellow singer-songwriters who form a mutually supportive scene, and c) she doesn’t mind living on the road for long spans of time. I did a little light touring with a band that she was also in, and it just killed me. I couldn’t take it, even for a few days at a time. I need to be close to home. So no touring musician life for me.
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