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Thread: "The $10,000 Club" 2011

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    Veteran Member AriahsPariah's Avatar
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    Default "The $10,000 Club" 2011

    After reading posts in "The great big MOTIVATION thread,"I thought why not create this project, "The $10,000 Club 2011"?

    It's certainly attainable. This thread is for those who, like myself, need a swift kick in the ass to start saving some money! I figure, monitoring my earnings toward savings on a public forum, for all to see, is motivation in itself. Now I know some may not be comfortable with this due to tax purposes, however, I pay my taxes! Plus I haven't been working much this year anyhow.

    You can start from $0 or you can post what you already have saved up then add on to that. Post updates weekly, monthly, or even after each shift. I will be starting at $0.00.

    THE DEADLINE IS DEC. 31, 2011. Once you hit that $10,000 mark, post what you will be doing to celebrate your hard work. I'm excited and very eager to see the outcome of this project : )

    Good luck, hustle hard, and most of all, have fun!
    Last edited by AriahsPariah; 05-02-2011 at 09:45 PM.
    "Do what thou wilt..."-Crowley

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    Default Re: "The $10,000 Club" 2011

    i will be starting at 0 too.

    Quote Originally Posted by MarvelGirl View Post
    Sucking dick should pay really, really, really, really well. If you are not living well and you suck dick for a living, you're doing it wrong.

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    Default Re: "The $10,000 Club" 2011

    This is kind of crazy that you posted this because $10,000 is my goal after I get my boobs. I have never been good at saving money and I figured after I get my new tata's that I will be making more so I can save more. I will probably put up a ticker after surgery.. Great thread

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    Default Re: "The $10,000 Club" 2011

    This is such a great thread! I have the hardest time trying to save money with my regular job. I'm in the process of finding a club to start...

    Hopefully, this thread will motivate me and give me the confidence... =)

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    Default Re: "The $10,000 Club" 2011

    well, since I'm outside of the USA, I can tell you this ...

    Once you hit that $10,000 mark
    I'm already there

    post what you will be doing to celebrate your hard work
    there wasn't any hard work involved. The price of Silver simply went from $28 to $33 and the value of my leveraged silver investments skyrocketed.

    As to celebration, I'm basically doing the same things I now do every day ... hanging at the beach, partying with selected vacationing rich businessmen etc.


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    Default Re: "The $10,000 Club" 2011

    I really don't know if I'll be able to hit the 10k mark this year. it would be nice, but I know that once I save up 3k I'm going on vacation and then I might be moving. maybe next year

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    Default Re: "The $10,000 Club" 2011

    Last winter season I saved €12000 then blew half of it over the Summer. I've not gotten back up to the same point yet.

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    Featured Member miss1dancypants's Avatar
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    Default Re: "The $10,000 Club" 2011

    hahah... funny how its so much easier to spend money than it is to save money... and its so much easier to gain weight than to lose it... did anyone else notice this??? lol.

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    Default Re: "The $10,000 Club" 2011

    ^Yep the easy road is usually the wrong one :/

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    Default Re: "The $10,000 Club" 2011

    One of the easiest and best strategies for saving large amounts of money: every time you make $1,000, rubberband or paperclip it together. It makes it mentally almost impossible to dig into your savings, because having to take apart $1,000 is just depressing. You have to physically take off the rubber bands and separate the money. I dunno...it works for me!

    If you don't think you can make it to $1,000 without spending some of it, then rubberband $500s together. Whatever works for you.

    Also, pay with EVERYTHING in cash, specifically in large bills. It's much harder to spend large bills, and it's very easy to spend money online and whatnot.

    Also, don't search for anything to buy online. Don't even LOOK at websites where you can buy stuff. I'm always perfectly happy until I go to Amazon.com, and suddenly I find $70 worth of stuff that I just have to have.

    Figure out how much money you need to pay your bills each month. Once you've made that, put it in its special envelope. All of the money you make thereafter gets rubberbanded together, thrown into its own special folder, or whatever works for you.


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    Default Re: "The $10,000 Club" 2011

    I'd love to join, but there is just no way in hell I could pull this off. I will be cheering everyone on though!
    Women of color:
    Shake your ass and preserve your heritage.
    Bang those fucking drums.
    Do it for the present and future generations.
    Have fun and stick it to the man at the same time.
    (bad-dominicana)

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    Default Re: "The $10,000 Club" 2011

    I'm in!! I'll start at $80. I have a goal to remove all debt while also saving...so I only have $5300 left to pay between medical bill and $670 in credit card. I'll have the credit card done by the end of the month.
    Artemis

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    Default Re: "The $10,000 Club" 2011

    Quote Originally Posted by kaiarose View Post
    This is kind of crazy that you posted this because $10,000 is my goal after I get my boobs. I have never been good at saving money and I figured after I get my new tata's that I will be making more so I can save more. I will probably put up a ticker after surgery.. Great thread
    I'm in the same boat as you. I have my consult on the 11th of next month and and I'm hoping to schedule surgery that day.

    I know my income will increase, especially at my new club where we get alot of rich white-collar businessmen who like big tatas!

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    Default Re: "The $10,000 Club" 2011

    I'm in! I aim to save $10k twice this year, first for breast implants and then another $10k for next year's tuition. While I have some savings in the bank I'm going to start fresh for these goals at $0.

    Will let you all know where I'm at after the weekend!

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    Default Re: "The $10,000 Club" 2011

    Quote Originally Posted by charlie61 View Post
    One of the easiest and best strategies for saving large amounts of money: every time you make $1,000, rubberband or paperclip it together. It makes it mentally almost impossible to dig into your savings, because having to take apart $1,000 is just depressing. You have to physically take off the rubber bands and separate the money. I dunno...it works for me!

    If you don't think you can make it to $1,000 without spending some of it, then rubberband $500s together. Whatever works for you.

    Also, pay with EVERYTHING in cash, specifically in large bills. It's much harder to spend large bills, and it's very easy to spend money online and whatnot.

    Also, don't search for anything to buy online. Don't even LOOK at websites where you can buy stuff. I'm always perfectly happy until I go to Amazon.com, and suddenly I find $70 worth of stuff that I just have to have.

    Figure out how much money you need to pay your bills each month. Once you've made that, put it in its special envelope. All of the money you make thereafter gets rubberbanded together, thrown into its own special folder, or whatever works for you.

    I agree with everything you said!

    I always trade in my singles at the end of the night. having more 20s makes it harder to impulse buy. why break a 20 on a coffee or a pack of gum?

    I also have a HUGE jar of change that I keep. I put all of my change in it every day. I only keep a few quarters in my car just in case for parking or tolls, but the rest I put in my change jar. I literally have over $25 just in change so that if I ever need a week off of work, I can use it for gas money and food. I know it sounds stupid, but it keeps me from going into my savings when I'm in a jam.

    Always calculate EXACTLY what you need for bills, EXACTLY what you need for gas, EXACTLY what you need for food. If you're bad at math like me, don't use your debit card. Just pay cash. Overdrafts are a bitch.

    This is what I did last year to save up 3k to put towards school VERY quickly:

    -I gave myself a daily budget of $25 to spend on working days and $10 on non-working days. I'm HORRIBLE with monthly budgeting so I figured I needed about $10 for gas, $3 for an energy drink, $8 for cigarettes (and I quit smoking this year by the way!), and I had a little left over for wiggle room so I could buy little things. I find that if I treat myself to some little things here (mostly scratch tickets or lip gloss) and there it stops me from going on HUGE shopping sprees.

    -at the end of every shift I would take out the $25 or $10 depending on if I was working the next day. The rest I would put in an envelope in my safe and save it all until the end of the week as a "paycheck". Money from dancing is so inconsistent so I found that saving all my money until the end of the week a REALLY good idea. I used to be guilty of making a ton of money one night and just blowing it all only to find that the next night I wouldn't make anything!

    -My total cost for all of my monthly bills (rent, car insurance, groceries, gym) was around $1000 so at the end of the week (every Saturday night) I would take $300 and put it in my checking account. $300 x 4 weeks = $1200 meaning I had enough to cover all of my bills and a little extra padding in case I had an emergency. the goal was NOT to touch my savings unless I ABSOLUTELY had to. I was living in a wicked cheap condo with two roommates and utilities were included so the only variable on my monthly bills were how much I wanted to spend on groceries. That was the only hard part :\

    -The rest of the money in the envelope would go into another envelope marked "savings".

    Unfortunately I'm not very disciplined. in a perfect world, I could have put EVERYTHING that was left into my savings envelope, but more often than not I would end up taking out some money out of my weekly earnings to go shopping or to go out to eat with my friends.

    Still though, using that plan I ended up saving a respectable chunk of money each week and I WAS really good at not touching my savings. my rule is once it's in there, it's not to be touched unless it's a real emergency.

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    Veteran Member Likethis's Avatar
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    Default Re: "The $10,000 Club" 2011

    Great idea! Starting at 0.

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    Dizzy Re: "The $10,000 Club" 2011

    starting at 0 which is my week so far... being in bed with a cold is not very exciting....

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    Default Re: "The $10,000 Club" 2011

    Starting at $0 also!

    I have such a hard time saving money so I am hoping this will help! I read that women who diet together have shown to lose more weight than their solo counterparts.... hopefully that will apply here.

    I have a HUGE school loan which is in default right now, $1,500 will bring it back to current, so my first $1,500 will go to that. After, I'd like to finally get my BA.

    I will definitely be listening to Charlie61, her advice was awesome, and some of it I already do.

    GOOD LUCK GIRLS!!!

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    Default Re: "The $10,000 Club" 2011

    -I gave myself a daily budget of $25 to spend on working days and $10 on non-working days. I'm HORRIBLE with monthly budgeting so I figured I needed about $10 for gas, $3 for an energy drink, $8 for cigarettes (and I quit smoking this year by the way!), and I had a little left over for wiggle room so I could buy little things. I find that if I treat myself to some little things here (mostly scratch tickets or lip gloss) and there it stops me from going on HUGE shopping sprees.

    -at the end of every shift I would take out the $25 or $10 depending on if I was working the next day. The rest I would put in an envelope in my safe and save it all until the end of the week as a "paycheck". Money from dancing is so inconsistent so I found that saving all my money until the end of the week a REALLY good idea. I used to be guilty of making a ton of money one night and just blowing it all only to find that the next night I wouldn't make anything!

    -My total cost for all of my monthly bills (rent, car insurance, groceries, gym) was around $1000 so at the end of the week (every Saturday night) I would take $300 and put it in my checking account. $300 x 4 weeks = $1200 meaning I had enough to cover all of my bills and a little extra padding in case I had an emergency. the goal was NOT to touch my savings unless I ABSOLUTELY had to.

    Before I 'retired', I used a similar discipline. First, I sat down and figured out exactly how much my 'normal cost of living' bills were going to cost on a weekly basis. Next I already knew how much money I needed to add to my 'nest egg' every week in order to meet my time goals for retirement. Then I could determine how much money I needed to set aside for paying income taxes. I then forced myself to spend the absolute minimum necessary during the early days of the week before my minimum weekly earnings threshold was actually met.

    Put another way, I usually wound up working my butt off monday through thursday in order to meet my weekly minimum earnings threshold as quickly as possible ... because doing this meant that anything additional that I was able to earn on friday and/or saturday was available for spending on 'non-essentials' and/or luxuries.

    I developed this approach after spending my first year of dancing only thinking about meeting 'current' needs. In other words, during my first year I only worried about earning enough to cover that week's immediate bills and taxes ... and gave very little thought to seriously saving for the future. As a result, during my first year, once my bills were paid for the week I would allow myself to spend money on luxuries ... or worse allow myself to say '[email protected]%k it, I'm going to go out and party tonight' instead of working at the club an extra night that week.

    However, by my second year, I had thoroughly absorbed the concept that simply meeting 'current' needs wasn't going to get me anywhere in the long term. By then I had seen too many dancers hit their '30's, start losing their 'marketability', start experiencing a decline in their earnings level, and in turn start to turn 'desparate' because they had little or no savings and/or investments set aside from their earlier peak earnings years. I decided that I was never going to allow myself to be put in that position !!!

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    Default Re: "The $10,000 Club" 2011

    ^that's why I started saving too. the dancers in their 30s do all right at my club, but the ones in their 40s and 50s have to REALLY hustle and they don't sell the pricier champagne rooms as easily.

    a lot of the ones I talked to are always like "I used to make 2k a night" "I used to have 20k in the bank" etc and now they have N-O-T-H-I-N-G to show for it. sad.

    I decided that while I still make decent money (anywhere between 2-400 a night) I should save as much as possible and invest a good chunk of money into school.

    I go to community college and it's a nice feeling to just pay off all my classes in cash at the beginning of the semester. once I get back from my vacation it's save save save again until the beginning of the fall semester.

    I always laugh when the older dancers are like "oh you think you're gonna get out of this? that's what I always thought too" and I'm like "well clearly I'm making more of an effort than you ever did"

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    Default Re: "The $10,000 Club" 2011

    It's wonderful to so many of you girls participating in this! It will be so fulfilling for us to reach this goal, and once we do we will be motivated to save even MORE money.
    "Do what thou wilt..."-Crowley

    http://exoticallyneurotic.blogspot.com/

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    Default Re: "The $10,000 Club" 2011

    oh my gosh okay, i read a poll on here that said a couple of girls had worked their asses off and made $200k+/year and i was all excited because i just turned 18 and haven't moved out of my parents' house yet and thought if i saved up for a year-year and a half i would be able to buy a condo, car, and furniture :/ was i totally wrong?

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    Default Re: "The $10,000 Club" 2011

    Well, the weekend is over and after deducting my expenses I've added $300 to my savings. It doesn't sound like much but you've got to start somewhere, right?

    Only $9,700 to go!

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    Default Re: "The $10,000 Club" 2011

    read a poll on here that said a couple of girls had worked their asses off and made $200k+/year and i was all excited because i just turned 18 and haven't moved out of my parents' house yet and thought if i saved up for a year-year and a half i would be able to buy a condo, car, and furniture :/ was i totally wrong?
    There are a lot of separate questions embedded in this ...

    As to the possibility of earning $200k a year as an exotic dancer today, the probable answer is a qualified yes. The qualifications of course involve the 'quality' / competitiveness of the particular dancer, the relative earnings potential particular of the strip club market she chooses to work in, the tax rates in effect in the state / city she chooses to work in, the work ethic of the particular dancer etc. Obviously earning $200k a year in 2011 is much more difficult than it was 10+ years ago, but it's still possible.

    On an annual basis, working 48 weeks 5 nights a week, reaching $200k would require an average earnings level of $833 per night. Obviously this is not possible in the majority of clubs / cities these days, but it IS possible for some dancers in some locations.

    As to the possibility of buying a condo or car, while also still possible this is a bit trickier than it used to be. These days, any lender is required to 'officially verify' the income level of all would-be borrowers. Also lender policy requires that all would-be borrowers be evaluated for their future ability to repay the loan ( i.e. risk factors ). Since exotic dancers are self-employed, the income verification issue is becoming increasingly problematic. Also, since exotic dancers technically work in the adult entertainment industry, lenders now automatically consider them to be high risk borrowers. So yes you can buy a condo or car but you may need to save up cash earnings until you have the entire purchase price covered without the necessity of loans ( because odds are that an exotic dancer is not going to get approved for future loans ... and certainly not at 'affordable' interest rates ... as a byproduct of subprime lending / bankruptcies / financial regulation reform etc. ).

    Also, these days, the IRS is inexorably 'closing the loop' between reported income ( with appropriate taxes paid ) versus reported expenditures by the same person. Purchasing a condo or car will result in an automatic report being made to the IRS by the state title agency which registers the sale ... which in turn will set off an IRS computer search of past tax returns from that same person to see if the amount of past reported is in any way realistic versus the amount of money that person just spent to purchase that condo or car. If no past tax returns are found, or if the amount of income reported on past tax returns is far lower than necessary to explain how purchasing a condo or car was possible while still paying rent, buying groceries, and paying utility bills, the IRS will definitely come 'hunting'.

    Paying appropriate taxes on a $200k a year dancing income will probably amount to some 15% of that amount having to be paid in Social Security / medicare taxes, plus another 20% of that amount having to be paid in federal income taxes ( state income taxes vary by state ) ... meaning that the 200k a year dancer will be left with about $541 a week after taxes out of the $833 she actually earned. So if the $200k a year dancer is able to exert financial discipline to the point of not spending more than ~$240 a week total ( which probably means renting with roommates, shopping at WalMart etc. ), she can then save or invest ~$300 a week = $ 14,400 a year. In the absence of loans, this would get the dancer a fully paid for decent new car in about 18 months, and a fully paid for foreclosed luxury condo in Minneapolis about 6-7 years after that ( less if investment earnings provide a boost).

    At this point you're probably thinking DAMN I won't have my condo and car until i'm 25 years old !!! Yes, but ... by working and saving to purchase the condo and car you'll also be free of debt. This means that at age 25 ... maybe age 26 if you work and save to buy a newer car to replace the one that is now 7 years old ... you'll have at the very least 10 more years of lucrative exotic dancing career ahead of you WITHOUT the ongoing burden of mortgage payments, car payments etc. This in turn will allow you to live in comparative luxury for just the cost of property taxes and gasoline on top of ordinary costs of living. This in turn means that you'll have at the very least 10 more years to save and invest $14,400 a year ( with those savings and investments also earning additional interest income ) !!! Thus unlike some 35 year old dancers discussed above who have N-O-T-H-I-N-G to show for their years worth of effort, at age 35 you'll be sitting on a ~$200,000+ 'nest egg' in addition to your fully paid for condo and car(s).

    There is however one potentially large 'joker in the deck' that could throw a monkey wrench into the financial plans above. That is the recent strong voices calling for increasing income tax rates on the 'rich' ( by direct income tax rate increases, by new ObamaCare taxes on both ordinary income and investment income etc. ) ... with their definition of 'rich' including exotic dancers earning $200k a year ( non-withstanding the fact that said $200k a year dancer may be renting with roommates and shopping at WalMart in an effort to save money ) !!! If those voices are successful in raising tax rates, the $14,400 a year potential for savings / investment could be reduced to say $10,000 a year. This in turn would stretch out the time to buy the first car from 18 months to 2 years, then would stretch out the time required to buy the condo from 6-7 years to 10-11 years, etc. Only time will tell how this will actually go down.

    ~
    Last edited by Melonie; 02-27-2011 at 07:48 AM.

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    Default Re: "The $10,000 Club" 2011

    I'm in! I've saved 3,600 so far this year. I started a new system. I put 100$ aside every shift I work. This ends up being 300-400 a week. 1,200-1,600 a month. It is very simple, and it works. I feel a little sick when I think about all the money I've spent stupidly!

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