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Thread: 500K

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    Default 500K

    I'll be 24 in January. It's my goal to have half a million dollars in the bank by the time I'm 26. That gives me less than 2.5 years. Do you think I can do it?

    I know it is possible but it certainly ain't gonna be no easy feat. I have like, maybe a twentieth of that amount now but I'm not counting it. That's my emergency fund.

    If I want to do this it means no messing around. Especially because I don't want to earn 500k, I want 500k in the bank.

    By 2011 I will get rid of my place here, get one in Vegas under my name where my father will live in while I travel for work. That way I will have my Nevada residency.

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    Default Re: 500K

    Wow lady. That's an admirable goal, and finance isn't my strong suit but- by my calculations, even if you had 30 months, each month having an average of 30 days, you'd have to save $555.55 (repeating) a DAY if it was purely by stripping... like not making your money work for you.

    Phew.

    I'm interested to see what the financiers here have to say. Sorry I wasn't more/any help!

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    Default Re: 500K

    You're probably going to have to make around $700,000 to have half a million dollars in the bank by then. What kind of work are you planning to do for the next 2 1/2 years?

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    Default Re: 500K

    Stripping, maybe still camming here and there on the side.

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    Default Re: 500K

    Get very lucky in the lotteries (or similar via derivatives trading).

    Even in finance, where you can get massive bonuses, the big money is still speculative. There's no way to make a plan and be certain you will get a client handing you a million dollars, but if you work hard, you might get lucky. Or you might not. I guess it's analogous, in a way
    Once again, the conservative, sandwich-heavy portfolio pays off for the hungry investor
    - Dr John Zoidberg

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    Default Re: 500K

    In the past, have you been able to average close to $1,000 a night stripping and camming?

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    Default Re: 500K

    Quote Originally Posted by person View Post
    Get very lucky in the lotteries (or similar via derivatives trading).

    Even in finance, where you can get massive bonuses, the big money is still speculative. There's no way to make a plan and be certain you will get a client handing you a million dollars, but if you work hard, you might get lucky. Or you might not. I guess it's analogous, in a way
    ^^^I'm not counting on the bulk of my goal amount coming from a select few 'clients' handing me a shitload. Although it would certainly be nice!!

    Reaching my goal amount would most likely involve me discovering the place/s with the highest earning potential(for me), setting up camp and taking full advantage of it(working regularly at the least).

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    Default Re: 500K

    Quote Originally Posted by eagle2 View Post
    In the past, have you been able to average close to $1,000 a night stripping and camming?
    Stripping yes. Camming...eh. I consider $400-$600 good money for camming, I do not consider that amount great for stripping.

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    Default Re: 500K

    Well, basically, you're talking about earning and saving $200k per year net of taxes. Even without a state income tax to worry about in Nevada, with the federal income tax increases already set to take effect at the end of this year you're probably looking at a 33% effective federal tax rate on top of a 15.3% social security / medicare tax or roughly 50% of your earnings going to taxes. For better or worse, at this level of income the federal gov't considers you to be 'rich' ... and is targeting major tax rate increases versus 2010 tax rates.

    So netting $200k a year in 2011 and 2012 will actually require earning $400k a year or $8000 a week. IMHO this is on the very outer fringe in today's economy ( in the absence of outright acts of prostitution anyhow ), and will be impossible in 2011 and 2012 as the same tax increases that will 'bite' you so badly will also be 'biting' your best customers !

    There is really only one new girl in the business that I am aware of that is now earning this kind of money ... and actually doing so almost exclusively via the internet -

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    Default Re: 500K

    That is a lot of pressure. I also set high goals for savings. I own a house, so a lot of it goes toward my principal and repairs, but I also make sure to max out my ROTH and put a lot in my SEP, and then other investments. Get a GOOD accountant! And put as much as allowable in your SEP IRA which is taxed on the way out only.

    I really hope you will able to keep some sugar daddies and really good customers these next two years. I already hate paying my taxes, so paying taxes on like 800k+, will be sad.

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    Default Re: 500K

    Quote Originally Posted by Melonie View Post
    There is really only one new girl in the business that I am aware of that is now earning this kind of money ... and actually doing so almost exclusively via the internet -
    Heehee I knew it was gonna be her.

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    Default Re: 500K

    It does seem like the A team strippers have all sought out and found each other on this forum....
    Quote Originally Posted by AznExtasy View Post
    LMAO!!!!!!!!!!!!!!!!!!!!!!
    You can say that again.. not just on here but men in general. Guys are so damn lame, the only way they can halfway make up for it is by opening their wallets.

    Created by MyFitnessPal.com - Tools

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    Default Re: 500K

    Quote Originally Posted by Zinaida View Post
    Stripping yes. Camming...eh. I consider $400-$600 good money for camming, I do not consider that amount great for stripping.
    If you can average $1,000 a day, I think it's doable.

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    Default Re: 500K

    *shudders* With this goal, I cannot afford to have more than like, a couple bad shifts out of the year lol!

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    Default Re: 500K

    Quote Originally Posted by Melonie View Post
    Well, basically, you're talking about earning and saving $200k per year net of taxes. Even without a state income tax to worry about in Nevada, with the federal income tax increases already set to take effect at the end of this year you're probably looking at a 33% effective federal tax rate on top of a 15.3% social security / medicare tax or roughly 50% of your earnings going to taxes. For better or worse, at this level of income the federal gov't considers you to be 'rich' ... and is targeting major tax rate increases versus 2010 tax rates.
    Federal income taxes are progressive, not flat. The 33% rate is only on income earned above and beyond a certain amount, not everything. The 15.3% social security / medicare tax is only on income up to approximately $100,000. I would estimate that someone earning $300,000 a year would probably pay about 25-30% of their income in federal taxes.

    Quote Originally Posted by Melonie View Post
    There is really only one new girl in the business that I am aware of that is now earning this kind of money ... and actually doing so almost exclusively via the internet -

    http://www.beshine.com
    Wow!

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    Default Re: 500K

    Quote Originally Posted by Zinaida View Post
    *shudders* With this goal, I cannot afford to have more than like, a couple bad shifts out of the year lol!
    Have you definitely decided that you're going to try to earn the money dancing and camming or are you considering anything else?

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    Default Re: 500K

    Quote Originally Posted by eagle2 View Post
    are you considering anything else?
    ^^^Nope. I can't think of anything more lucrative that I'm capable of.

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    Default Re: 500K

    Quote Originally Posted by eagle2 View Post
    Wow!
    Lol! I WOWed too!

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    Default Re: 500K

    Maybe you could do something on the internet besides camming. Do you think there are any types of videos you could make, and sell the DVD's or downloads on the internet?

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    Default Re: 500K

    Even if you just want to dance, if you set up a good website, you might be able to get more people to go to the club just to see you.

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    Default Re: 500K

    Quote Originally Posted by eagle2 View Post
    Do you think there are any types of videos you could make, and sell the DVD's or downloads on the internet?
    No. I'm not sure I understand what kind of videos you mean though.

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    Default Re: 500K

    What do men ask you to do when you're camming? Is there anything that a lot of men like to watch you do? Maybe you could make a video of it and sell it? I don't know much about camming so I wouldn't know if anything you do camming would be applicable to video.

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    Default Re: 500K

    Here's a book that can help you Zinaida (The Science of Getting Rich):
    http://www.xtrememind.com/science.pdf

    You've imagined your goal...what you want. You've written it down. Now you must imagine having it whenever you can, with gratitude to the forces that will provide it. Do all that you can every day at work, make each work day a successful one, and you will succeed.

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    Default Re: 500K

    Aw I'm disappointed someone pointed out the your/you're difference in that guy's post, I really waned to jump on that.
    Zinaida that is an awesome goal!! I think hockeybobby has a point; if you visualize it and everything it puts you in the right mindset to make the money. I actually have a whiteboard in my room that says "I am worthy and deserving of anything and everything I could possibly want in my life." and it's the first thing I see every morning. If you're into that kind of stuff you could write yourself an abundance cheque http://www.indigoenergy.ca/Abundance%20Cheques.htm to really help you visualize having that much money.


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    Default Re: 500K

    Why are you giving yourself such a small timeframe to accomplish this?. Is there a deadline or financial responsibility you have to meet?. If not I'd recommend expanding your deadline or being a little more abstract on your focus. It could get so stressful putting so much attention on hitting that $500,000 benchmark that it may even become counter-productive.

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