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Thread: Your Retirement: A Number ($) or a Date?

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    Default Your Retirement: A Number ($) or a Date?

    If you have set a count-down for retirement, is it an ammount of money or a particular date you are working towards?

    I used to plan on quitting dancing in 2 years. But time drags on and I never figured out exactly when 2 years will come [for example next june, etc,] I just keep saying 2 years forever.

    Maybe it is easier and more productive to work towards a monetary figure, i.e. car paid off, house paid off, etc.

    What about you?

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    Default Re: Your Retirement: A Number ($) or a Date?

    Very good fucking question. This has been on my mind a lot lately. For me, it's a date (that I keep secret to myself). The few girls I've known who succesfully walked away (and stayed away) all had a date, and they didn't look back. There will always be expenses to earn for (a house, a car, tuition, your retirement fund, etc.) For me I have to set a date and walk with whatever I have or don't have. Let's hope it's something...

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    Member Fearless Fairy's Avatar
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    Default Re: Your Retirement: A Number ($) or a Date?

    My goal has always been to pay off my home loan. I am 50% there after 2 years of dancing.

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    Default Re: Your Retirement: A Number ($) or a Date?

    I think I'll leave when I'm 40 (being realistic here...I'm going to be that girl who won't retire!)

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    Default Re: Your Retirement: A Number ($) or a Date?

    I dont have a set amount or date. I work two other jobs, so it isnt a monitary goal... and I plan on dancing until I physically cant or should retire looks-wise. Heh.
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    Default Re: Your Retirement: A Number ($) or a Date?

    I try to make sure I don't wear myself out on dancing, and emphasize all the positive aspects of the dance world (besides the money) so I never really got the mindset of having to escape stripping. I have an education and other skills, so I know I can make it if I had to leave dancing tomorrow. But, I just like it. I suppose, however that I'd like to stay in at least until I'm 27 because by then I'm hoping to have my own house free and clear, and to have earned my PhD. But...who knows. If I end up dancing til I'm 30 or even 40, then I'll be happy to have been able to have a bodacious body and handle 6 inch heels for that long. Not doing extras, or doing any drug whatsoever I think will help me stay in the game longer...and I hope to always live such a balanced life, one that I can be proud to tell wild stories too my nephews and nieces.

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    Default Re: Your Retirement: A Number ($) or a Date?

    I really don't have a set "date" either. I have been able to do quite well for myself thanks to dancing. Sometimes I can see myself dancing until I'm 40 ( maybe longer ), as long as the industry is still worth while. I don't know..There are so many things I still want to do with my life..
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    Default Re: Your Retirement: A Number ($) or a Date?

    I set a date, stuck to it and never looked back. Never had the desire to dance again, it was a wild ride for 3 years. A great experience and so glad I can say "hey, damn I once did that". This August will be 2 years since I quit.

    I think if you choose either a date to quit or a financial goal, you have to stick to it and feel good about it and it will all work out.

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    Veteran Member Lovespell's Avatar
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    Default Re: Your Retirement: A Number ($) or a Date?

    Before I'm 30. By then I want to be a heart surgeon, not a stripper. Hopefully, that's the way it works out. I like the idea of setting a date, and walking away no matter what you have. Because there will ALWAYS be something you need money for, that is so true.

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    Default Re: Your Retirement: A Number ($) or a Date?

    I plan to leave or greatly diminsh the amount of days I work in a month.

    Hopefully, in about 4 years when Im done w/ my JC I will have a new car, huge savings and become a semi-profesional model to support myself on the side.

    I want to go to school full time and just focus and get out after those 4 years so I can really be what I want to be: a forensic scientist of some kind.
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    Default Re: Your Retirement: A Number ($) or a Date?

    Quote Originally Posted by kansas dancer
    If you have set a count-down for retirement, is it an ammount of money or a particular date you are working towards?

    I used to plan on quitting dancing in 2 years. But time drags on and I never figured out exactly when 2 years will come [for example next june, etc,] I just keep saying 2 years forever.

    Maybe it is easier and more productive to work towards a monetary figure, i.e. car paid off, house paid off, etc.

    What about you?
    A feeling, I think. Once I get sick of it I'll stop. Or until I find something as enjoyable and lucerative. I've only just started though.

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    Default Re: Your Retirement: A Number ($) or a Date?

    I am quitting for good in a month. Not that I did not enjoy the ride. It came to the point that i need to work on my real career full time during the week and have my weekends open to be with my family.

    I may have many faults, but being wrong ain't one of them.

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    Default Re: Your Retirement: A Number ($) or a Date?

    my retirement is along a scale. i'd like to have a minimum of 100k and a max of 250k saved up before i quit, or 4 more years to pass, whichever comes first. the wide range in savings basically means i can take up to 4 years to make the upper amount, which is likely what i'll end up doing, but the 100k figure means i can bail earlier than 4 years if it gets to be too much for me. basically, i like the idea of stripping, and many aspects of it, but not enough to want to do it for money 10 or 15 years in a row. possibly comes of starting in my mid 20s, perhaps.

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    Veteran Member Hello~Kitty's Avatar
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    Default Re: Your Retirement: A Number ($) or a Date?

    I plan to quit the clubs after grad school which is a couple of years away.
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    Default Re: Your Retirement: A Number ($) or a Date?

    Once a dancer has enough "passive" income or income that comes from investments and assets, to where she will be financially independent, and never ever have to work a job again, is the time to retire.

    Of course only the business minded dancers will look at being independently wealthy before quitting.

    Working a job after being a career dancer would definately be a slap in the face.

    Here is some good reading/listening for dancers who really want to be set for life before they quit:

    www.millionairemindbook.com I highly recommend it.

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    Featured Member tampadancer's Avatar
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    Default Re: Your Retirement: A Number ($) or a Date?

    Quote Originally Posted by Tina

    Working a job after being a career dancer would definately be a slap in the face.
    interesting point

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    Default Re: Your Retirement: A Number ($) or a Date?

    I want to work 8 more years, but My body just started going to piss this year and there are too many girls doing far too much for far too little --if this trend continues I probably won't be happy doing this for another 8 years.
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    Default Re: Your Retirement: A Number ($) or a Date?

    Once a dancer has enough "passive" income or income that comes from investments and assets, to where she will be financially independent, and never ever have to work a job again, is the time to retire.
    Pretty much my plan.

    I am wanting to extend my dancing to agency work as that is a safe, lucrative path to take if you have some titles and so forth..... hence the reason why I'm entering so many competitions this year.

    At first I will work both at the club and agency work .... then when my agency work has reached a point where I can do it full time... I will quit the clubs (or scale back to something like working 10 nights in total before quitting the clubs totally)

    I plan to have one or two investments (passive income as well as assets) by the time I'm 30 (giving me 3 years from now approx.).... scale back the dancing when I am 30 to something more part time (or the equivalent of working 10 nights per month).... and hopefully be out by 35.

    I'm also open and flexible enough to keep on dancing until I physically cant or should retire looks-wise.... even if it means I'm 40 as I know plenty of dancers in their 30s making good enough/great money.

    Whilst also having other businesses bringing in income by this stage as well.

    Working a job after being a career dancer would definately be a slap in the face.
    Tina has a very good point. You are taking a step backwards not forwards by becoming an employee instead of the employer (being an employee instead of being an entrepreneur and/or investor).

    http://www.oneminutemillionaire.com/ is also just as good as Tina's recommendation


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    Default Re: Your Retirement: A Number ($) or a Date?

    Once a dancer has enough "passive" income or income that comes from investments and assets, to where she will be financially independent, and never ever have to work a job again, is the time to retire.
    Yup, that's exactly the approach I took, and just about exactly where I'm at. Well, I have enough investment income coming in to keep paying the mortgage and taxes and groceries and utilities anyhow. With Gold hitting $436 an ounce today I feel a shopping trip coming on LOL. Actually, it's amazing how much less expensive life is when you have the time to plan your shopping and cook your own meals, plant your own vegetable garden, do your own minor car repairs etc. instead of living the 'fast life' and shelling out big bucks because you need something 'right now' or it will screw up your work schedule.

    there are too many girls doing far too much for far too little --if this trend continues I probably won't be happy doing this for another 8 years.
    This trend will undoubtedly continue, and it is actually the #1 reason that I gave up live club performances/bookings altogether. Not only does the 'high mileage factor' tend to depress the earnings potential for low mileage dancers, but the 'high mileage factor' also draws down extra legal heat which could just as easily sweep up low mileage dancers as high mileage girls. Put simply, the risks no longer justify the (financial) rewards in many areas.

    Tina has a very good point. You are taking a step backwards not forwards by becoming an employee instead of the employer (being an employee instead of being an entrepreneur and/or investor).
    Several issues come into play on this one. If you'll be starting a totally 'new' field of work at age 30-35-40 being someone else's employee, then I absolutely agree with you. However, if the after dancing 'career' provides for major positive job satisfaction, then it may make sense to pursue it for that reason alone. For example, I may go back to being a Respiratory Therapist working in Hospital ER's for the sheer satisfaction of saving people's lives, even though the pay and working conditions totally suck.

    As to commentary about picking a retirement date in advance and sticking to it, this is turning out to be the hardest thing of all for me to actually do. If you're not aware, I had already chosen January first of this year to officially retire. I took down my pay website and webcam, I stopped making club bookings, and I really intended to let it go. But I feel just like the famous movie line "just when I thought I was out .... they pullllllll me back in !" - with a modeling offer or TV show offer and now maybe another B movie role. I just can't seem to hang up my boobs !
    Last edited by Melonie; 04-27-2005 at 01:01 PM.

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