Just sharing an interesting article on financial planning for sex workers. NOT an endorsement or recommendation of any kind, just something to think about....

it seems a tad bit expensive to me for an average girl.   Let's say a normal money manager charges on an average 1% of your assets, for $350 per month (equalling to $4200 per year) to be worth it,  the client would need total assets of $420,000.  I don't think most 20 some yr olds have that kind of money sitting around to be managed.  

I'm not sure why you would need to explain your source of income to a financial planner.  

You don't; however, my investment recommendations for a hot-shot 30-year old programmer at Google will be entirely different than those for a 30-year old hooker who might be making the same amount of income.

for important for we mongers than for sex workers.  After all, we are the source of their income, and I'm sure they all want to sleep well at night knowing that we are not going to run out money.  The only two fears I have financially are that 1)  I will run out of money while my dick still works, and 2) my dick will stop working and I still have money left.  Proper planning can avoid both of these, but it takes work to tread the fine line of making your money last JUST LONG ENOUGH.    

One, there's clearly a section of the market for financial advice that may well be under served due to stigma but it has similar characteristics to markets like pro athletes. Seem like a reasonable business model to start with.

cue the MASH theme song.

Looks like you are thinking more in terms of annual gross income. $420K/yr income. Income of that magnitude  is not easy in any line of work.   As long as there are assets (preferably liquid) totaling over $420K that would work. Now that's not very hard , but it may take a 20 yr old girl some time  to get there.

-- Modified on 2/21/2022 9:14:23 AM

lots of beer and whorehouses.  90% of what I've spent was on alcohol, women, and debauchery.  The rest I squandered.

He was a wise man..  I, therefore, like Vanguard mutual funds. No load and very low expense ratio.  Charles Schwab Mutual funds are also pretty good.  

That's fair but fresh out of college just starting a career (or business) are not going to look for any on-going financial planning service either. Even a provider starting out -- well I would say one that has proven they can make money by lasting close to a year -- could benefit from hiring someone at 350/month for a few months to get informed about planning and have some structure to take for their own.

I remember  that not until too long ago every time I would trade Vanguard it would cost me $19.99, Which meant frequently buying was a bit cost prohibitive.  That's no longer the case.  Paying commissions on trade is the thing of the past.  This allows retail investors like me to buy on a periodic basis., and in smaller increments if I choose to. Great for some 20 yr old who is just starting out. They can invest $100-200 a week.  

Yeah, never married here either.  It did make it easy to save.  

You are right. If you bought directly thru them, you didn't have to pay.. I bought thru E*Trade.   A while back even they stopped charging to get more competitive.  It wasn't until recently that I found out that buying directly through they could have saved me transaction fees.. LOL

At $350/hr that's equivalent of 714 hrs of work/yr.  That is 1.95, one hour appts every day

Working as an advisor for the past 22 years, the worst (by return %) investors I've witnessed:
>  day traders
>  option traders (who don't heed to the rules)
>  those who are too risk conservative (not buying ANYTHING but insisting on holding on to that "new idea that will change the world", however, it' still a penny stk 15 years later)

Nothing in their financials supporting that kind of meteoric rise. I am more surprised that it has sustained to the levels which it has than its original rise in the first place.  If you just look at their cashflow statements, they are bleeding money each quarter from their operating activities.  

Any of these girls would be just fine with the classic three fund portfolio of Vanguard Index Funds. On a side note  
Jack Bogle would roll over in his grave if he knew how Vanguard was being run today.  

According to my 14 yr old....no one buys anything from Gamestop anymore, except if you are playing on a console (XBox, Playstation, etc).  They all get their gaming elsewhere.

First of all, Why even get a financial planner involved in your finances when you are an Adult Entertainer & Etc. The Whole purpose of being an Escort/Dancer/Sugar Baby & Etc. is for the easy tax free $$$$CASH$$$$. You as the Adult Entertainer should be able to do your own financial planning.

The fact that escorting is a cash business has zero to do with whether or not you need financial planning advice. Most girls don't know anything about it and desperately need advice. You can't really hock your Loubies when you retire.

Now you know why we don't get married, although I love you to death..