Are there any ladies here who have retired from camming?
Hi I want to retire from camming like around age 40 even 50 ish if I can pull it off lol. Just wondering if any of you have saved enough or are planning to or are close to retiring from camming. I would love some success stories and motivation :) I hope there are some of you who have retired by now to provide some insight and I would like to know if you retired solely from camming or if you had other sources that helped too. Retiring solely on camming income is my goal I know it can be done :) Thank you .
Re: Are there any ladies here who have retired from camming?
I retired before age 40, and am currently living a block away from a Caribbean beach !!! Indeed I was able to save and invest enough money from camming - as well as dancing, featuring, indy adult website etc. - so that I really don't need to worry about my financial future.
The keys to success here are A. being able to save / invest somewhere around $40-50,000 per year for a period of 10+ years ( in my own case 12 1/2 years ) out of your industry earnings, and B. investing that money such that it creates additional 'passive' income. There are lots of discussions about this in Dollar Den.
And yes this is potentially achievable based on webcam earnings alone ... providing that the camgirl is capable of earning $2,000+ per week ( and capable of saving $800-$1,000 per week ) over a long enough period of time.
While I have known of a few girls who were able to achieve this, I also know of a lot more girls who have failed. Typical reasons for failure seem to be ...
- getting into tax trouble / debt trouble
- inability to sustain the required 'work ethic' week after week year after year
- allowing their standard of living to rise ( new car, designer clothes, trendy apartment ) while also allowing their savings rate to fall
- allowing a man and/or a child to 'siphon off' their money and energy
- failure to 'take care of themselves' i.e. weight gain, out of shape etc. resulting in reduced earnings potential
The girls I know who have been successful at this have all viewed their 'adult' industry work as a serious, professional career - which became, and remained, the number one priority in their lives right up to the point that they were ( financially ) able to retire.
Re: Are there any ladies here who have retired from camming?
This isnt close to what youre asking, But i was able to work all of 2012, And not have to work AT ALL in 2013 because i had so much in the bank.
Save to a point your comfortable with.
I dont see anyone ever HAVING to retire from cam (Unless the market falls or it becomes illegal.)
Your laptop will always be there, and youre always welcome to log back on.
Start saving, get to a point youre comfortable retiring with, then work a extra 3+ years after that, just for spend money.
Re: Are there any ladies here who have retired from camming?
Thanks buffy :) Wow melonie you did really good that's awesome. I am trying so hard to get to that point :) Honestly I don't know anything about investing though is there somewhere here I could read on that? I don't know yet if I can make 2k a week but I am definitely going to get there I could do that at 30 yrs old and then retire at 40 if I did the ten year thing but I am actually starting now :) So in my case I should be able to save for maybe 15ish years or more. I definitely am going to try my best to take care of myself I am working on my hot bod now lol. I have the drive and determination to be successful it has been hard to get on lately but if I keep my goals and future in my mind I will get it I think. Thanks alot and melonie you are an inspiration and you too buffy taking a year off and being able to still have what you need awesome too :)