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Thread: Strippers & Investments

  1. #1
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    Default Strippers & Investments

    This is a very random topic I will concede to this.

    I am curious to know what strippers do with their money. If anything at all, talking from an investment point of view. Do you invest any money? Do you save with the thought of investing down the road or starting a business? Obviously strippers know that their window is relatively shorter than say your typical 9-5. So I would assume some think about the future? Maybe maybe not, you tell me.

    For me (as a business major) I feel like I'd have sure-fire investments lined up right away.

    If you have any stories I'd most definitely like to hear them.

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    God/dess miss.a.p1600's Avatar
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    Default Re: Strippers & Investments

    just an ira and a business is what i invest in for now. i want to get into learning how to invest in options here soon.
    “Cook for him like a housewife, fuck him good like a nympho….pay the rent and the car note, he invests in me like crypto”

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    Default Re: Strippers & Investments

    What does the average person do with their money? Some people invest, some start businesses, some spend it all as soon as they get it, and everything in between. Strippers aren't the only workers who have shorter windows of money-making.

    I gotta say, broad questions like this really irritate me. Strippers are regular people and we have a wide variety of approaches to everything, including finances. Does anyone ask what tax drivers do with their money? Or oil rig workers? Or any other group of people lumped together by their job?

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    Default Re: Strippers & Investments

    Well during orientation at my Stripper University we were taught to invest in real estate and put whatever we can into roth ira as we age out of stripping. I didn't really go in that direction and just invested in other businesses (ecommerce) so far, as well as a vanilla degree. I really have no desire to be a landlord. I can't speak for the dancers on this site as I have no idea which stripper school they went to, what stripper classes they took or if their Hustle/Look/Club is strong enough to invest at all after their stripper living expenses. It really just depends on the stripper.

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    Default Re: Strippers & Investments

    where investing is concerned, my 'Stripper University' was thousands of hours spent in Manhattan VIP rooms with bankers, brokers, corporate officers, etc.

    In regard to what I invest in ... everything from 'fixed income' / CD's, to stocks and stock options, to commodities, to currencies. In the past I have occasionally invested in tax free muni bonds.

    I do have a 401k left over from my pre-dancing days. Generally speaking I'm not a fan of gov't sanctioned retirement accounts if 100% of the contributed money must come from one's own pocket ( versus matching contributions of 'free' money from an employer ).

    After saving / investing diligently over ~12 years worth of 'serious, full time' dancing, I now generate enough passive income from those investments to allow me to 'retire' without ever needing to worry about other sources of future income.

    I also own two houses ... one in New York and another down here 'way south of the border'. But both are actively used as residences. I have zero interest in the hassles and risks of being a landlord.
    Last edited by Melonie; 06-04-2015 at 03:07 AM.

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    Default Re: Strippers & Investments

    Quote Originally Posted by Melonie View Post
    where investing is concerned, my 'Stripper University' was thousands of hours spent in Manhattan VIP rooms with bankers, brokers, corporate officers, etc.

    .

    You are awesome. I went to the school for those things and you learned it from your clients.

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    Default Re: Strippers & Investments

    Quote Originally Posted by baer45 View Post
    You are awesome. I went to the school for those things and you learned it from your clients.
    Yeah BUT Melonie will admit that she did a LOT of self - education. She read and reads a lot of stuff.

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    Default Re: Strippers & Investments

    ^^^ if this is on the record, I'm not admitting Jack S#!t !!! A lot of the tidbits I learned in the VIP room weren't meant for public consumption.

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    Default Re: Strippers & Investments

    ^^^ Afaic that was all part of your "self-education ". Who cares where , with whom or what else you were or weren't doing at the time ?

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    Default Re: Strippers & Investments

    i believe she was hinting at insider info

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    Default Re: Strippers & Investments

    Considering I work with a girl who has been stripping for 20 years and looks 22, I'd say the "window" for stripping is what you make it.

    Personally, I save my money and plan on investing when I am comfortable with what I have saved.

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    Default Re: Strippers & Investments

    Personally, I save my money and plan on investing when I am comfortable with what I have saved.
    ^^^ Agreed that the very first 'investment' for any self-employed person should be 'liquid savings' in cash or very short term cash equivalents.

    The primary purpose of this cash equivalent reserve is to act as an 'emergency fund', which can be used to cover ...

    - a disruption in 'normal' income, due to sickness or injury

    - a large unexpected expense, such as major home or car repairs

    - an unexpected 'opportunity', such as an irresistible ( 'distressed sale' ) bargain on a car, boat or similar big ticket item

    A basic tenet of not-so-liquid investments like stocks, bonds, or commodities is that 'timing is everything'. In other words, being forced to sell one of these not-so-liquid investments at the wrong time to raise 'cash' can result in major losses of principal value. Establishing an 'emergency fund' of cash and/or very short term cash equivalents allows that situation to be avoided.

    In terms of my own personal 'emergency fund', based on my ~$2,000 per month maximum living expenses, I maintain the following ...

    - ~$2,000 in paper bill cash which is instantly accessible ( you never know when power / bank computers might fail, or bail money might be needed on a Saturday night ), plus

    - ~$2,000 in a personal bank account which is 'immediately' accessible via debit card / ATM, plus

    - ~$10,000 in a money market fund that is transfer accessible within one business day, which is enough to cover any unexpected 'one time' expense or irresistible bargain 'opportunity', plus

    - 6 * ~$2,000 in 6 month duration CD's with 'laddered' maturities i.e. the CD's were purchased one month apart thus another CD matures every month. Under normal circumstances these CD's would simply be 'rolled over' as they mature. However, in the event of a disruption of my 'normal' income channels, I could simply cash out a ~$2,000 CD each month to cover that month's living expenses instead of 'rolling over' the balance into a new 6 month CD.

    Besides providing a bit higher interest rate ( which doesn't mean s#!t lately ), my use of a small but immediately accessible bank account, plus a larger but not quite immediately accessible money market fund, plus the once a month accessible CD's, was done deliberately so that I would always be forced to 'think over' any decisions to withdraw / 'cash in'.

    I'm probably overly 'conservative' in terms of the size of my personal 'emergency fund'. Most mainstream financial advisors use a figure of 6 months worth of living expenses as the target, whereas I shoot for 12 months. However, having the larger cash reserve has allowed me to profit nicely on a couple of unexpected 'bargain' buying opportunities that I would have taken a pass on had I been forced to sell my less liquid stock or commodity investments to raise the necessary cash.
    Last edited by Melonie; 07-06-2015 at 10:30 PM.

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    Default Re: Strippers & Investments

    Genius^^^

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    Default Re: Strippers & Investments

    I save most of the money I make however I do plan on investing into real estate in the near future.

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    Default Re: Strippers & Investments

    I'm saving up to start my own business. After it opens and gets off the ground I plan to expand it into a large chain and live on that.

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    Default Re: Strippers & Investments

    Quote Originally Posted by Meg2012 View Post
    I'm saving up to start my own business. After it opens and gets off the ground I plan to expand it into a large chain and live on that.
    That is an awesome goal. Now, is there a business plan?

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    Default Re: Strippers & Investments

    Roth IRA, multiple CD's, MMA's and savings account are where I keep my earnings. Plus investing in my education by paying tuition without having to take out any loans. I, too, intend to purchase real estate as well and start a Health Savings Account.

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    Default Re: Strippers & Investments

    Agreed 1000% Shana.I wonder why society is so curious/hellbent on what women in the adult industry do with their money, or their "future" life plans seriously.It's almost like they see us as aliens or some shit, like we're science projects that need to be studied.
    Quote Originally Posted by shanna dior View Post
    What does the average person do with their money? Some people invest, some start businesses, some spend it all as soon as they get it, and everything in between. Strippers aren't the only workers who have shorter windows of money-making.

    I gotta say, broad questions like this really irritate me. Strippers are regular people and we have a wide variety of approaches to everything, including finances. Does anyone ask what tax drivers do with their money? Or oil rig workers? Or any other group of people lumped together by their job?

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    Default Re: Strippers & Investments

    Mostly invested in real estate, and I would like to put more into my 401k. Later, for my retirement, I would put extra money in CDA type of product since i am living a health life style right now.
    I like being alone, I just don't like being lonely.




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