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Thread: Reinvesting

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    Default Reinvesting

    I have a money management question. I cam and have a Justfor.fans page. I am putting 30% away for taxes. What percentage do you put away for reinvesting in your business and why?

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    Veteran Member apryll11's Avatar
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    Default Re: Reinvesting

    I put away 1% on reinvesting and thats mainly for equipment. As little as that % is, it really all adds up nicely. I dont put anything away anything for clothes but between sale racks and charity shop,$10 can get me 6 camming looks
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    Default Re: Reinvesting

    It always ends up being 1-10% back into camming (new studio lighting/new desk/new cams/new outfits/makeup/new filming equipment/new toys etc.) Everyone's tax situation is different but I save between 15-22% for federal taxes and pay quarterly. Then 5-8% between my roth IRA and SEP IRA. Then the remaning percentage I save 50% of that for my own liquid accessible savings. Then the remaining 50% aka less than 33.33% is for bills and things I need to buy.

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    God/dess minniesoporno's Avatar
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    Default Re: Reinvesting

    For Taxes I am in a range of 15% to 30% being in Canada and that is on the assumption my business income has made a net profit. most years I am not having a net profit.

    then for business reinvestment it's about 10% to 20% or a fix monthly payment towards supplies, lingerie, and electronics.

    Setting aside money for taxes is one thing, but if your tax brackets falls and your not making a net profit.

    you still need to figure out where to get the money to reinvest in business since every year is different.
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