I recently reached out to a provider I've wanted to see for years and was surprised after reading her bio that at age 40 she has just started investing. I know the statistics are dismal something like 47% of people don't invest 50% can't come up with $500 in an emergency and so on but what struck me most was this was a provider who is a porn star and charges $700 for private sessions what has she been doing with her money all this time. I've always wondered how the women in this business invest their money or if they even do.  
I always assumed the women here earned really good money based on the hourly rates I saw and how those rates have  increased over the years but looking at it logically this a job just like any other, you have your high, average and low earners all based on variables like rates charged, number of clients seen, full time or side job. When I look at some of the photos on women's profiles I cringe and think how many shares of an index fund or an etf could they have bought instead of that purse or car or the nails ect. Don't get mad at me ladies I do this all the time, when I retired I posted a letter to the employee website telling them if they spent as much time studying investment strategies as they did  knowing where the third string defensive tackle of their favorite football team went to college how many bowl games he played in and how many assisted tackles he had they could be watching the games from a private booth rather than on their lunch break at work.  
 So to all the amazing women in this field and on this site I ask what are you doing to protect your future and if the answer is nothing my question is why. On top of the social stigma's you have to deal with you don't get things like a 401
   or a Roth, as much as you spend on things like hair and makeup, nails and lingerie you don't get to claim them on your taxes so you need to take care of yourselves so you can have a comfortable future and old age.  
 This post is getting long so I'll wrap it up for those of you who don't invest it's time to get started but knowledge is power  3 books I recommend to anyone who askes me how I did it are 1. The Richest Man in Babylon by George S. Clason short only 141 pages the very basics on how to think about money. 2. Tony Robbins Money Master the Game easy to read but a little repetitive for me it takes a while to get to the good stuff but makes sense why he wrote it like that and honestly full of valuable information on how to invest and not give more money to brokers than you earn yourself plus offers actual investment strategies once you've worked through his steps. 3. The Little Book of Common Sense Investing by Jack Bogle my ATF favorite investor the man who made investing possible for millions of people.
 Go to youtube watch videos by Peter Lynch, Jack Bogle, Ray Dalio, Warren Buffet and Charlie Munger add Peter Lynch's books to your list as well.

What has the shoe industry ever done to you that you should make such an attack on it?

Got to admit I'm lost on this one I never considered myself hip  never down with the lingo so could you make it clearer for me.

Just Loubies.

Waiting for providers to thank you for mansplaining what they should be doing with their money.

The man's name has two letter "t"s  in it.

Did you ever get the feeling the world is tuxedo and you were a pair of brown shoes

I feel more like a pair of bespoke shoes from John Lobb. These set me back about $3K. But who's counting?

There is a song about the subject.

 
Not sure it is exactly relevant to the discussion, but it's a damn fine song and a classic.

The brown shoe quote came from George Gobel on the tonight show don't know when I saw it but always stuck with me as funny.
https://www.youtube.com/watch?v=efHVcgUajtA

You sure are taking a lot for granted.  Too many categories of people who are not accustomed to having money and when they do, have no idea how to make the most of it.

 
Could it be their lack of experience/education?  Could they spend it all irresponsibly because they are shortsighted and believe their newly found wealth will continue to flow to them, unimpeded, so they don't have to worry about making wise business decisions?

 
Or could it be, they are accustomed to living day to day and their thought process prevents them from ever thinking about tomorrow?

 
Your guess is as good as anyone's but this is a common problem across demographics, life styles, and occupations.

Most people who make "easy" money when they are young, whether they be hookers, drug dealers, or even pro athletes and movie stars, tend to think the gravy train is going to last forever and make no plans for the future. Hookers hardly have a monopoly on this type of behavior as you said.

I'm all for bespoke but just never got into the shoe part of it, most of my clothes are tailor made not only for the comfort and fit but because it gives me an excuse to travel, Thailand and Singapore if that matters.
 I know to some its a sin but I wear a nice pair of off the rack shoes with my bespoke suits, when I even wear them anymore and I only own one watch that I also hardy ever wear my phone has a clock on it lol.
I'm not bashing people who like shoes or watches or cars or jewelry they just don't do it for me, for the amount you spent on those shoes I could almost buy a round trip ticket in business class from LAX to Bali, I stay at private pool villas and depending on the time of year those shoes could get me ten days or more on the beach. We all have our passions or things that make us happy mine is luxury travel and surfing. I would rather sit in first or business class where I can have incredible meals and a seat that turns into a bed then stay at a luxury villa all while wearing a pair of Vans than I would owning  closet full of bespoke clothes.  
 The tuxedo and brown shoes was a joke told by George Gobel on the tonight show it always struck me as funny and seemed appropriate with the other comments. No that's not how I feel about myself I wake up every day blessed knowing I want for nothing all because of the investing I started as a kid and parents who taught me the power of compound interest.

We all have priorities and not all of them make sense to anyone else but ourselves. Take me for example. I have zero problem running up a four digit dinner tab, but you couldn't get me to pay Whole Food prices at gunpoint. I have risked the price of a decent new car on a single hand of black jack, yet I refuse to pay GPS rates for hookers. I wear a Thirty Thousand dollar watch, but I haven't so much as worn a suit in the last decade much less paid thousands of dollars for one, although I will confess I do have a few pairs of shoes that cost roughly a thousand dollars a pair, so sue me. lol

 
I do find it hilarious that you will bash someone for spending "too much" money on an item that will last them for years, while you admittedly will blow even a larger sum of money for a few hours of comfort. Am I starting to sink in yet?

 
BTW if I ever go broke I can always hock my Rolex, can you same the same about your first class trip to Bali? For the record, I don't deprive myself from great vacations either, I don't see things on an "either/or" basis, if you simply work a little harder, (or smarter) there is no reason you can't do both.

There was just a story out today about a hooker working Los Vegas who stole from two clients, one $30K+ watch and another $50+K watch.  The guys claimed they met her in the bar or casino and invited her up to their room.  They claimed they were drugged then and woke up finding their watches missing.  She got busted.

told me when I was young, if you want to know who's got real wealth and who's a wannabe, check their shoes and watch.  They're the LAST thing guys go all out on AFTER they have made it big.  The first thing they buy when they are starting out on the ladder of wealth is custom suits and an exotic car, because that's what people notice FIRST.  But don't sweat it, there's a place for wannabe's in the world, too, and the good thing is, you don't have to STAY one, that's up to you.    Check back in here in 20 years and let us know what kind of shoes and watchES you own, or you can check back in 10 years when you are having your suits made on Saville Row like some of the rest of us.  

 
With that said, kudos for doing as well as you have by the time you're 30.  You ARE under 30, right?

Most of them true I am sure.  

 
But any guy who brings a hooker into his room in LV that he picked up in the casino, walking the street or from a shady internet site who doesn't take precautions like locking up ALL his valuables in the safe really is just asking for this kind of thing to happen to him.  

 
I have brought hookers up to my room in over a dozen different countries for well almost a half a century and I have NEVER been trick rolled. I made a post earlier today talking about this kind of thing. Foolish and clueless guys are always going to have a target on their backs (or between their legs) that's a large part of the reason that TER was created in the first place

Well, advisors are not all that hard to find or all that expensive for that matter -- just look at all the roboadvisors that are around -- and many that are very reputable, for instance Betterment.

 
I think the bigger issue is both awareness and the question of how to move cash to an account that then can be used to fund the investments. Once that aspect is solved I think the basic investing is pretty easy for anyone that doesn't want to do all the decision-making.

Some how my original post turned into a slew of comments on shoes, the shoe industry  as a whole and my vicious attack on said industry that I still don't understand, I added the word vicious for comedic effect, however it reminded me of a joke George Gobal told on the tonight show that looks like it aired in the 70's, playing along I posted the infamous brown shoe  comment and that's when all hell broke lose.

Not knowing what the shoe industry had to do with my investing post I felt confused like I was missing out on some deep fundamental point about the global economy, I felt alone and left out like a brown pair of shoes with a tuxedo, see what I did there. To be clear this is all humor at no point did I feel alone or left out it turns out this is the only joke I know about shoes.  
https://youtu.be/efHVcgUajtA

After a good nights sleep I leapt out of bed skipping my morning ablutions and raced to my laptop with giddy excitement knowing there must be dozens of intellectual comments debating the cause and effect of topics like compounding interest, sadly it was another post about shoes. The subject line read "If you feel that way about yourself, I'm sorry." and in three succinct lines the author compared himself to a pair of bespoke shoes from John Lobb, told us all the afore mentioned shoes set him back $3K and ended with a cheeky "but who's counting" the answer is no one, no one is counting nobody cares.

 Now to be fair my reply did come off as bashing the author and hypocritical when comparing shoes to luxury vacations, in an attempt to keep my reply short I rambled on and forgot to make my point which I would like to do now. With enough time, enough contributions and a decent interest rate, historically around 9% for the US stock market, your compounded interest can pay for what ever floats your boat be it bespoke shoes, luxury vacations or paying your bills without drawing on your income. As many of you will say I know nothing about the author he could be a billionaire and if so he more than anyone will agree with me, buying a $3K pair of shoes when you don't have a penny saved to your name is idiotic but having your money make enough money that you can buy a pair of John Lobb shoes and have zero effect on your principal investment is the real rush. More on this later to keep these short this is part one  I want to move on to GaGambler's comments in part two. By the way we have mentioned John Lobb so many times that if you get a promotion on his shoes I want in, I'm not a shoe guy in any stretch of the imagination but those are some good looking shoes.

Ok this is part 2 although I think it will appear before part one in the thread but honestly does it matter.  
 Yes I deserve the comments, after re reading my reply to the shoe guy I realized I totally forgot to make the point that how things are paid for matters.  
 The reason I recommended the books I did and suggested learning more about the people I mentioned was because they all hammer home the point investing is simple the industry wants you to believe its hard so you pay them to do it for you. Jack Bogle, Peter Lynch, Warren Buffet, Charlie Munger Ray Dalio and many others will tell you time, regular contributions and a strong interest rate, historically 9% for the US stock market as I said in part one, leads to financial freedom. The numbers will be different for each person based on those three points and the freedom will be different for each person,  if my compounded interest can pay for my vacations or someone's shoes and not touch the principal then get the fucking shoes maybe it pays your mortgage or your bills for life.  
 I know I'm still not explaining this right. Lets take the 30K Rolex and the single hand of black jack you mentioned I have no idea what a decent new car goes for, along with shoes it's something else I don't give a shit about I have a 97 F250 I did get it because it has the Diesel 7.3 liter engine and a 2011 Subaru Outback because of its reliability maybe I'll get into what I actually enjoy later. So lets say 30 grand for the watch and 30 for a single bet, I would have rather put 60 grand into an index fund make 9% off it and in five years have $92,317.44 let it go five more years and have $142,041.82 five more years and your looking at $218,548.95 like you said to me "am I starting to sink in yet".
  The longest bull market lasted 15 years if I'm remembering correctly, we're into 11 as we speak so that 9% has been easily obtainable. Historically bear markets only last 18 months before a recovery starts and this is when the rich get richer "buy when there's blood in the street". Because of how I positioned myself by reading the words of the men above and the lessons from my parents plus working with my broker, when the market lost 50% in 2009 I only lost 5% but I reaped all the rewards of the recovery and made 4 times what I had 4 years prior. I now make more than I can spend but as we all know I don't like a lot of things. I donate quite a lot to the Lewy bodies dementia association and hope to leave them millions by the time I pass away I have talked to my lawyer and CPA about creating a trust so once a cure for dementia has been made the trust will pay for low income people to get the treatment they need and my sister, who followed the same rules, and I are learning about building scholarships in our parents names.  
 When I compared $3K shoes and $3K airfare and villa's I came off as a dick what I wanted to say  was as long as the house is paying for it I would rather fly and surf and sleep in luxury than I would go for a walk in my fancy shoes. You say the shoes last longer therefore hold more value I say watching my nephew "catch his first tube" as Johnny Utah said in point break is worth more to me.  
You say if you ever go broke you can sell the Rolex and I can't say the same about first class trips to Bali and you're right but by following the rules I've followed for decades there will never come a time in my life I will ever have to sell anything off, ever, period if a crash comes tomorrow and I believe we are due I will weather it out with minimal loss like the last two and make an obscene amount on the recovery, quite honestly I'm hoping for a crash soon and I know that makes me sound like a bigger dick but I think of the amount I can give away. I past the point of working harder years ago there is no need. What I want people to know that on any level something similar is possible

Investments are fine--the question where to invest?   More powerful than placing into a general market among the 16 classes of investments---diversification--the majority of investment that pays infinitely larger rewards is in YOURSELF!   What are your passions....what do you want....and either create a business that uses that plus a collaborative team whose skills together solve problems for people.   OR invest in a business that does that.....so through business you can receive passive income that is 2x - 3x your monthly living expenses, and place some funds in investmens among 16 classes of investments and give...contribute....to society all in equal amounts.  Grow your legacy!  Make a bigger impact.  Success is simple, not easy---and different for each person.    Do ALL you want, when you want, wherever....having happiness, health & wealth which precedes time & financial freedom.     Don't have to be big right away....and not be great to get started, yet we must start to be great!

Even with what little I have right now is a turning point in this world and a great time to be doing so. Providers are incredibly smart or...??? Just like you or anyone else. Btw, I think motley fool and zacks are my fav to research but the best affordable one is also great which I believe to be Simply Wall St only $15 a mo! I know I don't have enough YET to make the big bucks but am planning on it. Crypto is helping as well. The world is a changin and some realize what is happening and how fast this world is changing rt now... It's bittersweet ya know? ❤️

BTW... I started investing Dec2017 aaaand my % return the last cpl years or so has not ever gone below 20% at worst and 38% not long ago til this recent nonsense but of the first I got in were Tesla Nvidia AMD Salesforce etc .. and most recent I believe in Roblox, Rio Tinto, XPO, and a few others,,,, any advice would be... raaawr lol thank uuuuu xo

It reminds me a little of myself.  I agree investing in yourself and starting your own business is the easiest way to amass more wealth than you will ever be able to spend.  Find what your passion is, become the best at what you do, and then hire others and teach them what you know so they can make money for you.  It will take two of them to equal one of you, but when you have fifty making money for you, that's still 25 times what you could do by yourself.  

 
Money can't buy you happiness, but it allows you to be unhappy in better surroundings with a better class of people.  Lol

You have a very narrow view of how to grow money.  You are taking five years to turn 60K into 90K.  What the fuck?  I turn money over 2.2 times a year in my business.  In other words, $60,000 becomes $132,000 in ONE YEAR, not FIVE.  THAT, my friend, is why you are driving an old Ford F250 instead of a new Ferrari F8.  Most people are looking for the secret to getting rich quickly. YOU have discovered the secret to getting rich slowly.  Congrats.  

 
As I said up above, $3000 shoes and $100,000 watches are the LAST things rich guys start collecting AFTER they have bought all of the other toys and symbols that are de rigueur for the wealthy.  

 
Waiting until you die to leave your money to others is just selfish.  I help people while I'm still living.  Each year, I give "donations" totaling nearly six figures to deserving young women, and every single one of them is so grateful, they give me sex as a thank you. I will continue to be charitable in this manner for as long as I'm able.  Stop thinking about all of the people you COULD help after you're dead, and start helping them NOW.  If you learn how to make your money grow faster, you can do it.  

if you think an F8 costs $132K.
Actually, it's about twice that.

I said his $60,000 would turn into $132,000 in ONE year at my business rather than $90,000 using his method.  IT has nothing to do with my comparison of his F250 to an F8.  I know what an F8 costs.  I've driven one at the track. Sorry I wasn't clear that they were two separate points.

It's what I do, you know.

Absolutely Free was one of my first LPs. Been a Frank Freak ever since!

Yeah I got that and was happy because I got to share the only joke about shoes I know then it took a turn from there.

This always turns into a pissing contest, wild accusations and my lack of empathy.
 You are talking about owning a business I am talking about investing, if less than 47% of the adult population invests and more than 50% can't come up with $500 in an emergency where do you think it would be easier to start building wealth?  20% of new business fail in the first year, 30% by the second and 50% by year five. The US stock market has averaged a 9.8% return for over 300 years including the crashes, average bear markets only last 18 months and have averaged a 2 to 4 time return on initial investments.  

You say I have  narrow view on how to grow money but you have no idea what I have or what I do, now it's my turn to play the you don't know me game.  I've started five business in my life so far all funded from my  "slow money", six if you count rental properties. Found out I could sell the 7.3 F250's to the redneck kids for $500 to $600 profit and the F350's to a guy in Alaska who turned them into snow plows for $1000 to $2000  profit depending, and that I cold get as many as I wanted cheap from the snowbirds in Arizona. Once I had enough to buy two a week I would hire a friend to drive one back with me and stick the rest of the profit into my Roth IRA once I maxed that out into stocks and a money market account at age 19.  

Had to go to summer school to graduate knew I didn't want to go to college so started working construction, every Friday  night the gas stations and 7 11's would be full of hardworking blue color guys buying cases of beer and cartons of cigarettes after figuring out the most popular brands I bought Philip Morris and Anheuser Bush I sold all the Anheuser since then but will never get rid of my PM or Altria stock. With no education I knew I needed a union or government job wound up working for an airline and it was the best thing that happened to me good pay, tons of overtime payed at double time, annual profit sharing, 10% discount on company stock and a 10% match on the 401K I had already moved most of my stock to an index fund and one of my 401 options was a Vanguard fund so I loaded that up. By the way I was buying as much work stock as I could when the 2009 crash hit at $5 a share and sold in 2016 for $61  

Learned about multiple sources of income bought 150 acres with a friend and started raising cattle sold beef and bulls raised chickens for eggs and meat two cuttings of hay a year some for winter for our stock most for sale then opened a food cart all the meat was from our own fields,  and I was still working at the airline. Food cart went bust, eggs never made enough profit but the beef and chicken and hay continues to make incredible profit. Working on a buy out with my partner I have a new business I think could become a national brand plus I don't want to pull calves in the snow and rain, which is where I'm heading in a couple of days. It did take years to make profit, every penny we could afford was reinvested but I was sticking it away at the airline.

So 29 years have past, every business I started every job I had was just a way to feed my investing machine, those slow growers you make fun of made me over $575K last year that's just my Index funds I have ETF's I swing trade, my Roth IRA, Bonds and the four stocks I still hold.  

My intent was never to grow rich quick you mock me for figuring out how to grow rich slow I say I've figured out the power of compounding interest  sure small at first but look at it now, for me in this moment right now everything combined I have fuck you money.  Better still by learning how to invest I minimized loss only 5% when the world lost 50. You say my slow grow is why I drive a F 250 I say when the Ferrari is being sold for scrap my 250 will still be rolling how many old Ferrari's do you see. About ten years ago I was stuck on the 405 in LA bumper to bumper traffic, I crept up inch by inch on a Bugatti Veyron in my Subaru it was that exact moment super cars lost all interest to me all that power all that engineering all that money and legally the fastest you can drive it here in the US is 85mph. For $100K you can buy a good used 6 seater Piper or Cessna with decent avionics, my two year goal by the way.

If you own just one Rolex and it is a submariner you are wannabe rich.

Why I would want to impress hookers with a $50k watch when for the same money I could have at least two hookers a week for a full year.

Not to mention it's a pretty serious fool who spends his last $50 K on a fucking watch.  

 
Money is relative, spending $500 on a watch when you make $50K a year could seem like a lot. Spending $5,000 on a watch when you make $500,000 a year is hardly a big deal and spending $50K on a watch when you make $5,000,000 a year is barely a drop in the bucket.

 
Actually back to your statement, why would anyone want to impress a hooker in the first place? it's like the morons who order the most expensive wine on the list in order to impress the waiter.

at my country club that loves stupid questions about stuff that he buys.   A new golfer asked HIM why he bought a $100,000 watch, and he said so he would know what time it is.   A year earlier another guy asked him  why he bought a new Rolls Royce, and he said it was because he needed reliable transportation.  Each answer ended the conversations because the guys asking had no where to go after those answers.  it was hilarious.  Everybody was laughing except the guy who asked the question.  

CDL: "...when you are having your suits made on Saville Row (sic) like some of the rest of us."  BULLSHIT!

 
BWAHAHAHAHAHAHAHAHA!!  It's SAVILE Row, something you'd know if you actually owned any bespoke suits.  You name drop Savile Row but you can't even spell it correctly.  You pretend you buy bespoke suits but in reality you're just a broke ass bitch.

 
You're just like Harpman who used to toss around "Alexander McQueen."  Birds of a feather - you'll end up the same way he did.

 
You really are the biggest liar and bullshitter on TER.

-- Modified on 4/22/2021 7:18:38 PM

You have a "two year" goal to buy a plane that only costs a hundred grand???

 
Sorry, I wouldn't be busting your balls over having to save up two years in order to buy something that many of us might just buy on a whim, but YOU are the one claiming how fucking rich you are.  

 
I can't be the only one who has noticed that most people who claim to be RICH are anything but.

GG is correct;  those who have it don’t talk about it; and those who talk about it, don’t have it......most of the time!!!

to own your own business, which is the sure way  to grow your money the fastest, because you are afraid of failure.  In that case, you probably have neither the confidence or balls to be self-employed.  Its okay, the world needs people working in cubicles making other people like me rich, too.  And if that's all you aspire to , then your investment strategy of slooooooow growth is probably just right for you.  

You say you don't have the stomach for business ownership because of the high failure rate, so you buy a farm and go into the used truck business.  Sounds like you made literally hundreds of dollars selling used trucks. A 150 acre farm is not big enough to ever be consistently profitable.  These are nickle and dime businesses, and do not have the growth potential to generate eight or nine figures of cash flow within a few years. What were you thinking?  

I agree with you about supercars not being a good match for you.  You can ruin them really fast driving in the tractor ruts out on the farm.  Supercars function better on paved roads.

The two years include flight school  then getting all my required hours, landings and take off's and long haul check offs. I then want to add turbo prop and duel engine training to broaden prospects, I'm not going to train for jets, from my research you can get the distance, speed and weight from a single engine turbo prop at lower cost and maintenance. I'm also adding time because of the pandemic a lot of flight schools are closed or not taking new students right now and I may be moving so all part of my time line.  
 The price of the plane has nothing to do with the timeline.

Thank you

But it looks from the headline like he's calling me out on the typo.  Just saw it. That's his big "find."  Bwahahahahaha

 
Would you like to buy  a used stalker?  I own this guy, but he's for sale.  I live in his head rent-free.  Granted, he doesn't have the intelligence or finesse of some of the other stalkers that have been on these boards, but that's what you get from guy that is perpetually drunk on Manischewitz at $5.00 a bottle.    

Oh my god you are so salty you're not making sense anymore. I honestly want to thank you for the entertainment value of your posts the angrier you get the funnier the posts but they are stating to get boring and repetitive so either up your game or move on

 Let's fact check this one you say I don't want to own a business that I'm afraid of failure, that I don't have the confidence or balls to be self employed, this was in response to my post where I told you I have owned 6 businesses, am currently still operating one that creates four separate revenue streams so not really sure what your are rambling on about. I also mentioned I'm working on a buy out with my partner because I'm creating a new business I've done my  research and development, I'll file for my LLC after I get any patents I may need then stat production. Fun fact independent labels created over one billion in revenue in this industry a million more than any major company in the same field.  Do you like my balls now.
 

You say something about people like me working in cubicles making people like you rich because of my slooooow grow. I say I have ownership of hundreds of companies, 500 just in my S&P index fund, all working for me, even that index fund has to report to me and I have voting rites on my individual stocks its why people say a company is beholden to its share holders, that's me. If any of your companies ever go public let me know I'd love to have voting rites on them then you can work for me.

You say I said I don't have the stomach for business ownership could you please provide me with that quote. Fact is I never said it because I have started business, Jesus this is really starting to get boring. Yes the new business failure rates I provided from the department of labor and statistics are cause for concern the point you didn't get was I would rather pay cash from my slow grow than take out loans to start a business. Mock the trucks all you want they easily fully funded My Roth IRA for years, last time I looked that alone will bring me over seven figures tax free, good old slow growing.  

You should do a little research on rotational grazing look up a guy named Joel Salatin. My 150 acres provides four revenue streams you say it's nickel dime that 150 acres can't be consistently profitable we've never made less than $300K just for the beef in ten years. Go on line and look up cattle auction prices look at the live weight rates we don't sell anything under 800 lbs unless it's cow calf pairs with calves at 300lbs and about 800lbs for the feeders. we're also pulling 14,000 tons of hay each year and sell most of it our land is managed so it feeds year round we keep a few tons just incase and people will pay double in the winter because they didn't get enough in the summer. Hell I know for a fact you can make $600K off pigs with just 20 aces. I know a guy that breeds bulls for the PBR never knew how much he made but just looked it up between $100K ad $500K depending on its lineage if he ever sold one and over half of the bulls in the PBR are his, I don't have a clue how much he makes off stud fees. I've even read stories of people making six figures from one acre in fact I think that's becoming pretty common.

 
At least we've moved on from the shoes to the supercars now. You'll like this my friend/ business partner has a 911 he was able for years to claim and insure it as a farm vehicle I think the state finally told him no. Growing up I was a huge fan of Top Gear I even have an I am the Stig shirt. Don't get we wrong I love the look of a super car they just aren't for me I don't need to over compensate for my short cummings nudge nudge wink wink. My next car will be something comfortable I like the look of the Genesis GV80 and 70 they just haven't been road proven enough yet maybe the Jag.

Take a little time and do a little research, most multi millionaire/ billionaire business owners built their empires on the backs of previous businesses they started and every single one them invested along the way. Again a quick google search and you can find most of their portfolios.  All I've been saying from the first post is smart investing can create financial freedom for anybody at any level. What if someone doesn't want to start a business, what if they don't want to worry about staffing or insurance or rent or payroll or marketing or distribution and so on then what, according to you  
 the only option is to fill your cubicles and make you rich I say they can build their own wealth. I own a business and invest yet you try to bash me because for some reason you can't comprehend the simple concept of compounding interest and time you can't grasp that there are more billionaires from investing than there are that own businesses. Honestly if you actually own a business and don't do any type of investing for the taxes alone you're and idiot and you should fire your CPA and lawyer today.  
I'm done this no longer amuses me truly good luck with your "businesses" I wish you no ill will I just think you have a narrow view on building  true wealth.

...have to resort to stealing insults from me.  I've quoted your mentor GaG quite a few times:
"...I am both a binge and a 'functional' (sic) alcoholic..."
http://www.theeroticreview.com/discussion-boards/ter-general-board-12/ok-in-that-case-substitute-me-everywhere-i-said-you-970125?frmSearch=1#970125

 
Adding an extra "l" to "Savile" is not a typo; you intended to spell it that way.  You're transparently stupid with your bullshit posts.

It's not $5.00 Manischewitz that you drink. You drink the four dollar swill, you cheap fat fuck. ROFLMFAO

 
As for quoting me, it's not "quite a few times' it must be in the hundreds by now. Every time you get in an argument with some one you seem to want to quote me. Is my opinion THAT fucking important to you? I rarely if ever quote you, quite frankly your opinion is simply not that important to me. Certainly not important enough for me to waste my nights dredging up posts of years from years ago like you seem to love to do.

sitting around in his boxers with the shit stains showing through in the back because he's too fat to wipe his ass, while he does search after search of posts you and I have put up years ago, and then he takes them out of context to try to make some lame point that nobody here cares about except him.  You would think by now that he would figure out that he's just irrelevant here.  What's a fat guy who providers won't see because he sweats all over them, is too much work because he's impotent, and they complain that he has  "dead fish breath" (a provider actually posted that here) even doing here in the first place?  He soils himself in excitement when some new guy who doesn't know his history actually responds to one of his posts.  Other than that, no one will engage with the racist piece of shit.

GaG is a high school dropout and a binge alcoholic who's too stupid to come up with a witty riposte and CDL is so clueless that he criticizes others for using ad hominem attacks but does it himself all the time.  Two losers.

I'm even less motivated to try to impress complete strangers.  
.
People who flaunt wealth just come off as douchebags.  They only attract gold diggers -- like sharks to blood in the water.
.
Who wants to surround themselves with people who are only after your money?

it strikes me that your last comment may be the most ironic I've ever seen on TER.

 
Just sayin...

I just wanna fuck.

Disclaimer: I was not the guy asking any of those questions, but the actual guys might have continued:
"But couldn't you have bought a $10 Timex to tell the time and had $100k left over to buy something else or to donate to charity?"
"But couldn't you have bought a [Honda, Ford, Chevy, ,...] for reliable transportation and had $300k left over to buy something else or invest or donate to charity?"
 .
(In the real world, I don't care. If someone shows off a fancy watch or car to me, I either say nothing at all or I say, "Nice watch." or, "Nice car." MAYBE, "How's the mileage?")

I forgot to add I want to get my IFR ratings as well.

https://youtu.be/MLgn_kVKjCE

https://youtu.be/MLgn_kVKjCE

https://youtu.be/MLgn_kVKjCE

https://youtu.be/MLgn_kVKjCE

That a lady is not investing just because she's dressed to the nines in her photos.  

Those purses and shoes could be props from the photographer used in photos but are not necessarily hers.

Designer garments could be gifts from clients, family or friends, they could also be hand-me-downs. Someone could be loaning it to them for a special occasion (example: I have sparkly louboutins to my hair stylist for her wedding day, but someone could easily say "she wasted her money on those!" When she didn't spend a penny).  

My mother taught me a trick, if you go to Goodwill in a wealthy area you can often get designer items for dirt cheap. eBay also often has good deals on designer items.

There are people in all professions who blow their money frivolously, this is not unique to providers.

Also many of us have business checking accounts, if we have an LLC with a business account we can absolutely write off these items as business expenses.

Or maybe she's just so damned successful that she can afford to invest AND by the latest trends.

Don't assume, and don't judge a book by its cover. And we could technically say the same thing about you, why are you spending hundreds/thousands on escorts when you could invest that $$ instead? It's hypocrisy to wag your fingers at providers for treating herself to a designer out fit when you spend money on providers yourself. We all deserve to indulge once in a while.  

-- Modified on 4/24/2021 7:31:10 PM

-- Modified on 4/24/2021 7:35:25 PM

...throwing your money away paying rent to a landlord, buy a small house or condo.    That way you build up equity.  When the value goes up, you can buy a bigger place or leverage the equity to buy income property, like another house  to use as a rental property.

Don't put everything into one type of investment.  Diversify.

Given you are your own business you have invested yourself.  I assume you're making a reasonable return but unfortunately your "assets" here are depreciating over time and maintenance and reinvestment limited in scope.

 
But, you do have the income stream and want to have that saved income grow as well. There are a number of safe ways to invest in various areas of the market but you're smart to be concerned about avoiding scams.

 
Two financial market investment options for you might be Betterment and Wealthfront. Both are long standing robo-advisor type accounts. That means they will manage you money but since they are licenses you will enjoy the insurance protections in the case of bankruptcy by the firm -- much the same as your deposits in a bank. They have pretty good track records and should be viewed as safe from scam.

 
You can also look at FundRaise (FundRise?) if you want to put money into real estate investments. They also have had a pretty good track record and are a legitimate  company to work with -- so no real concern about getting scammed.

 
And of course there a lots of long standing mutual funds that will not be scams. Similarly there are a lot of ETFs (e.g. SPY, QQQ, DIA, XBI, XLB XLF) that you could buy but would require doing some homework of your own.

 
Your goal should be to make sure your cash in not just sitting idle (and so losing value to inflation). And, putting your money where it will earn some reasonable returns exposes you to the "miracle of compounding" which just means you get to make money on the money you made on your money previously.

-- Modified on 4/24/2021 9:28:14 PM

Sarah Palin endorses this investment advisor:
http://www.youtube.com/watch?v=5ODeU9iNeYU
Charles Mizrahi, banyanhill.com

$60 not $600

Only it's pretty obvious which one of you is getting mad.  

 
Just look at the length of each one of your posts, each one not only getting longer, but more and more defensive and revealing more and more about your personal and financial life just to "prove" to some stranger/s on the internet that you are not only RICH, but some kind of investing savant, as opposed to an  "idiot savant" or in your case, just an IDIOT. ROFLMFAO.

 
Here's a free tip, quit trying so fucking hard. Even if what you said had even the slightest bit of truth to it, NOBODY fucking cares, you are simply some fucking stranger on the internet that nobody knows and I'll wager to bet, no one wants to know. lol

everyone spends their earn money how they wish you spend it on escorts... escorts spend their earn in whatever they want. Many times what you see in pics (most of the times) are gifts by clients, my bday is coming and I accept VTI, VTSAX, VFORX, spa days, instacart, chef prepared meals, Home Depot & Tiffany & Co jewelry.  

and cash is king ... cuz... kids college is hellllaaaa expensive and I prefer have no student loans.  

Besos,  
V

Always glad to liven things up by creating a little humorous drama at someone else;s expense.  Lol

 
You saved me the trouble of giving him a similar well-deserved response.  I thought after I tweaked him a few times, he would figure out on his own I was poking the bear to get a predictable response, but he is too serious to notice that no one really cares.

The first few years I was in the business I’ll admit I knew nothing about investing.  Even though I was in my 30’s I had never made a ton of money and newfound wealth was an exciting adventure.  But I was schooled in Dave Ramsey, so I put enough money aside in an emergency fund, bought a nice reliable car, paid off most of my debts and stashed some away in a safety deposit box.  What I can’t take is people telling me how to spend my money.  Yes, I like to shop.  But I’m smart about it.  I buy nice stuff, but don’t indulge in luxury.  I never pay full price for anything.  I have an $800 purse that I paid $237 for.  Why?  Because it’s quality.  I’ve used it every day for the past 3 years and it’s still holding up.  It doesn’t have a label, and the only indication that its designer is the handles, which 80% of people wouldn’t recognize.  Because 80% of the people in my life have no idea what I do on the side and I’d like to keep it that way.  My favorite clothing brand averages $125-200 per article of clothing.  But I find them on the clearance rack at Macy’s for 80% off and I hit up second-hand stores weekly.  I also wanted to start making some home improvements but couldn’t find anyone reliable, so I started doing it myself.  Between a contractor friend, YouTube videos and a LOT of trial and error I’ve about doubled my homes resale value. Not only that, instead of only being limited to changing a light bulb, I could probably rewire my entire house.  Five years ago I read an article about Acorns, set up round-ups and a small amount to get sent monthly from my PayPal, disabled my notifications and completely forgot about it.  A few months ago I remembered and saw I had a nice little chunk of change sitting in a retirement account. As for stocks, they never made any sense to me. You may have well been speaking Chinese.  Then I met someone who was in the business, downloaded Stash and took his suggestions (Birkshire Hathaway, Heath care), picked what I knew (Marriott) along with a few others and have had a slow and steady rise since.  Even got my daughter into it (she picked Roblox) and having to explain things to her I only learn more about it.  And to top it off, although I had dabbled in bitcoin (mostly just to pay for my sites), when it hit $33K and I watched as my old roommate became a multi-millionaire (thought he had done gone lost his mind 10+ years ago) . After a conversation with him I bought a few grand worth, took my money out of my safety deposit box and put it in USDC.  Oh, and as of last Wednesday, it may have taken 14 years but the final check cleared and I have officially paid off my student loans.

Am I rich? No. Could I be? Potentially.  And it could all come crashing down tomorrow and I could lose everything.  But a year ago it kinda did, and I’m still doing just fine.

You have an analytical mind made for investing weather you know it or not. Looking for savings on value in your daily life is the same as learning how to value a company to see if it's a good buy, you don't need to learn complex valuation that's for the fund managers, simple valuation can help make safe buys.  

Asking and learning about home improvement then applying what you learned is no different than studying the people who are masters in the investing field. I have the deepest respect for John Bogle not only did he invent the index fund but wanted to create the lowest fees, he said he wanted to get as close as he could to zero fees as he could and fifty years later Vanguard still charges the lowest fees. You said you listen to Dave Ramsey and he always says you want to surround yourself with people who have the heart of a teacher that's why I recommended studying John Bogle, Peter Lynch, Tony Robbins, Warren Buffet, Charlie Munger and Ray Dalio, read the books they've written then move on to the books they recommend and watch them on youtube the motley fool has done fantastic interviews with John Bogle over the years if you can't find him under John look up Jack his nickname and most often how he's referred to, Charlie Rose has great interviews as well with Peter Lynch and others. Ray Dalio is a historian as well as one of the most successful investors when others warn of inflation or crashes I take them with a grain of salt, when Ray says winter is coming I pay attention and make changes where necessary and he says bad things are coming.

You bring up the correction in March 2020 between that and the crash in 2008 there is plenty of data to look at and see that staying in the market far out weighs pulling out or not being in it at all. Look at the Marriot stock you own, in the crash of 2008 it was at $13.20 by February 2020 it was at $144.90, April 2020 after the correction it dropped to $59.08 and is already back to $146.62 today. Imagine buying as much as you could at $13 then continuing to buy every month and reinvest the dividends for 13 years. As good as that sounds if you had an index fund that mimics the S&P 500 you would have had the best 500 stocks in the stock market working for you.  

Learn about Index funds, ETF's, mutual funds and dollar cost averaging educate yourself on fees charged on managed accounts and taxes do you really need to be managed. Learn about inflation and crashes and how to take the least amount of loss, long term bonds, gold and silver either physical coins or ETF's even mining ETF"s, property, commodities, crypto, and a good balanced index fund split between stock and bonds can cut your losses dramatically.

I hold VTMFX for the stock/bond mix and tax benefits when the market lost 50% it only lost 20% , VFIAX to mimic the S&P 500 and it only charges 0.04% in fees. As for individual stocks I'll never get rid of KO, JNJ,UNP, PM and MO all pay around 4% in dividend yields.
A Roth IRA money market account 4  individual bonds and between 15 to 20 ETF's  and stocks I swing trade make up my portfolio.  

Other than my swing trades I don't touch anything else, other than adjusting the amount that goes into them based on people I trust and what's happening in the world. Inflation and crashes are on the lips of people like Warren Buffet, Charlie Munger and Ray Dalio, Berkshire Hathaway just had their share holder meeting it should be up on YouTube by now I haven't watched it yet but am curious to see what Warren and Charlie have to say they are sitting on something like $150 billion in cash so they are ready to pounce the question is what are they seeing.

Right before the pandemic, I dove head first into FI/RE investing, Dave Ramsey, and Jack Bogle. I found myself a financial advisor and we got everything straightened out (I used to work in corporate and had different accounts everywhere) and then they set me up with a "play account". Basically, I have a set amount to really invest and then set aside a percentage of my discretionary income every month to invest how I see fit and "play around". When the pandemic hit and the bottom fell out for a bit, I invested heavily in crypto and all the "things" I figured people would want during the pandemic and/or would bounce back strongly towards the end of the pandemic. My favorite sell so far was Peloton (PTON) because it shot straight up and I got out right before they took a tumble here recently.  

 
All this to say, I would not be surprised if one of the lasting impacts of the pandemic is an even larger wealth gap between those who could invest when things went south and those who were struggling to get by. Also, I wish wee had a required course for high schoolers and/or college students on Independent Living that covers real life skills and topics like taxes, investing, retirement, etc. Imagine how beneficial that could be. I digress.  

 
Also, as a point of clarification, a lot of the expenses the OP mentioned can be written off like nails, lingerie, makeup, incall, etc. especially if they have a LLC or a S-Corp. Cam models, OF content creators (who are independent contractors), exotic dancers, etc., can also write a portion of them off. A person has to be able to justify the expense. While the IRS could come back and argue something like "personal gain", a person, in this instance a provider, could argue that the only reason they purchase lingerie, nails, etc. is for their job.