Laurcon calling me out ( intro to dancer business / personal finance )
In the thread "SO, what? Dollar Den now all Politics?" Laurcon called me out on advice appropriate to Dollar Den. Perhaps it is an appropriate time.
Some of these ideas and techniques are my own creation and experiences, others will be from the many posts that have occurred on the forum throughout the years.
PART I
So, to begin with, you need money to even be interested in the content of this part of the web site.
Start devouring what is going on in Hustler Hut to begin earning money.
There is a course called "Strip and Grow Rich" by "Dancers Wealth" which, while I have not seen it, has had some good words said about it on the site.
Finally, most colleges will have a 100 or 200 level course on Sales. Often these are generic enough that you can apply it to your own work.
For example, in a course, you would learn something about approaches. There is the "introductory approach" which is very straight forward:
(D)ancer: Hi, I'm Sara.
The combine this with one of the other approaches such as the "complementary approach":
(D): Such a nice tie! Is it your favorite?
Or a "referral approach":
(D): (To table of guys) How about it guys? Should this fella get a dance?
Or a "premium approach" which is leaving some kind of gift:
(D) (Handing sexy picture card of one's self) Do you want a little something to keep in a private place? It's scientifically proven that looking at boobies relaxes men!
Or the "customer benefit" approach:
(D) You look like you need to relax a little! How about five minutes of small talk with a girl who wants to know a little something about ya?
(D) Are you ready for a bit of wood? Feel that adrenaline course through your veins? The dopamine fire some pleasure neurons?
Or the "curiosity approach":
(D) Do you want to know where all my tattoos are? (wink and a grin)
These are just some of the bare basics one learns in a sales class.
Back to point - so now you have made some money and your heading out to your car. This leads to part II.
Re: Laurcon calling me out
PART II
Now that you have some money, what do you do with it?
This is where fiscal discipline comes into play. In short - don't spend it all!
In order to make Dollar Den work for you, you need spare cash laying around. One needs to look at that cash as a tool. Remember what everyone says - "To make money, you need money!" Well, spending all your money means you cannot use that age old advice.
You need to make your budget. Melonie has repeatedly advised to split your nightly earnings into three equal piles - one for taxes, one for living expenses, and one for savings/investment. Put them into different envelopes and safely away (from the non-working gonna-be-a-rock star boyfriend - sorry - had to throw that in.)
Go out and get a journal that each night, you record your earnings in and how much you split the goods up with.
If your living expenses don't cover your costs - don't eat your savings - reduce your living expenses. Nuke the cable, nuke the new shoes, buy used.
When I was going to college, I was driving a piece of junk car which I had to tie the door shut on, had few clothes, and was hungry! A friend went to work in a factory and came around driving a brand new trans am. Boy was I jealous. I'll admit it. But a girl told me "you're sacrificing now for better later." She was right. Later in life, he was driving an old trans am. I was driving a new BMW.
Use $40 from your savings/investments and get a Suzie Ormon book. It doesn't matter - just buy one that is at your level. Something that is good for the beginning investor. The purpose of this is to help you begin to ask questions - I mean - do you even know what questions to ask? The book will help you.
If you come across a paragraph or a sentence in the book you don't understand - don't fret - draw a line along the margin identifying it and come back to it later after stuff has settled a bit in your mind. (Why do I advise this? Because I do it myself.)
Start getting into the habit of getting these books but don't get crazy about it - cuz you need the balance of your savings to keep on increasing.
Included in books is also web sites. Motley Fool. CNBC. Anything that starts introducing jargon to you.
Spend $500 on a college course on personal finance. It will give you tools to analyze your options once you have that money in the bank.
Part of investing is educating yourself about money.
Re: Laurcon calling me out
PART III
Next, like mentioned at the beginning, before you can make money - you need money. You need a goal.
Some people have goals like the biggest TV they can buy. The shiniest stuff they can flaunt to their friends. This is not your goal... yet.
Set a savings goal of $10,000 or more. It might seem impossible, but making money is work.
Why do I say $10,000? Because most financial advisors won't talk to you about anything unless you have $5,000 or more. Most brokerage accounts won't open one unless you have $3,000 or more. And unfortunately, while you learn your options, you are going to pay tuition of some thousands at the school of hard knocks.
With a savings of $10,000 you can start experimenting with low risk investing. No sense blowing your wad and starting from scratch! After all - if one is learning to swim - one dips a toe in the ocean - not jump out of a helicopter in the middle of a storm to catch an awesome wave to surf!
Go out and get a certificate of deposit - a CD - from the local credit union or bank. Just a simple one, like six months or so. If you use a big amount of money, like $1,000 or so - you will actually get a return worth more than pennies.
In fact, one poster referred to it as "lap dances." "This CD earned me three lap dances!"
But a CD is nice and safe - and a good introduction to "making money with money."
(To be continued)
Re: Laurcon calling me out ( intro to dancer business / personal finance )
Cyber applause. Nicely done Deo.