A regular told me that a client, with a fair amount of reviews so not a noob, told she should stop working and that he can give her a good life because he makes $150k. She probably makes double that (mostly tax free). Btw this is in CA so $150k is basically middle class, probably on the low end.

Sorry to puncture your fantasy but 300K/year is not a ton of money.  I agree that there are some providers that do quite well but very few, if any, are making big money.

Did he invite her to live with him in the house apartment he shares with three other people in Pacific Beach?

$300k in about ~85% of the country is a nice annual chunk of change.
If one makes that much (outside the large cities and states) then they should be doing the most to get rid of any debt that they have.

If you’re assuming that we are all career providers that do nothing else beside full-time SW… You obviously, are not realistic. Let’s play along with your post. If I make $150k, like you say with 2 young children I support, plus my 4 legged family member, live in SoCAL pay rent, etc, plus work related expenses, do you think that’s something to brag about? $150k-$300k considering today’s inflation. Do the math. Let’s be reasonable. I pay taxes too!

I don't think you understand any better than the rest of us. I don't know what a "ton" of money is to you, or to any specific lady.  

I have 3 houses in California (principal residence in coastal OC, vacation homes in Lake Arrowhead and Rancho MIrage, all mortgage free since 2005).  After fully funding my retirement account over the next 5 years , the biggest challenge became how to spend all of that discretionary income to derive the most enjoyment from it.  Luckily, the providers I see have been helping me out with that since 2008.  Even with occasional bad sessions, I don't regret a single penny I have given them, including tips.  

Fair enough, believe me I split my time between some of the highest cost of living cities including NYC where anything below $700k really isn't comfortable.  

a) all my regulars are full time

East County

I agree and disagree, unfortunately I have been advised not to purchase anything in CA because I've been through a residency battle with the state before, but I own a home in Vegas and an apartment in Miami both paid off. In CA and NYC I rent. So I agree that having big mortgages is a good thing.

Maybe guys do know we make a ton of money, but just don't want to admit it to themselves? I own my house, 2 condos, 2 vehicles, a large camper, and invest heavily. My only debt is my house, which I owe about 30K left on my mortgage. I also live in the middle of podunk nowhere Wisconsin, so it really boils down to not always how much money you make, but rather how much money you spend. It is a business like any other and needs to be run as such to be successful. I think some guys still really think we have no other options and that is why we are doing this. Some, yes. Most? No. My significant other is wealthy and has told me multiple times I can quit whenever I want, but I like what I do, I like running my own business, and I like having my own money.  My business is cash, but yes, I still pay taxes. The IRS cares zero if your business is legal or not as long as they get their cut.

the case like I have, where I have 8 years left on a 2.1% mortgage but get 4.75% on my savings account. I’m thinking it would be better financially, even after taxes, to make the mortgage payments from my savings account rather than pay it off as soon as possible, which would deplete my savings account. So that’s what I’m going to do.  

home mortgages have the interest front-loaded, so that a bigger percentage of your payment goes to interest in the beginning.  If you look at your first statement, you will see how much of your payment goes to interest and how much to principal.  It's often less than 10% to principal, which means the bulk is interest.  My strategy was to start with a conventional 30-year loan, pay 50-100%+ more on each payment (depending on my income stream - lol) and after I had knocked it down by one-third, which might take three-four years, refinance to a 15 year loan, and you will see the first payment on that loan has somewhere in the vicinity of 50% going to principal, whereas continuing the 30-year loan, after 3-4 years, your payment of principal, even with the 3-years of prepayments might be half that amount.  These are just general guidelines, and are, of course, interest-RATE-sensitive.  Then I continue to prepay on the 15-year loan, and I will usually be finished within 8-10 years of the original purchase date, and will have saved myself a ton of interest.  This process works better for the self-employed who can have dramatic increases in their income stream than it does for people working a regular salaried job, but even then, with raises and bonuses applied to additional principal, I know many ordinary working people who have done well with this strategy.  

Valid points but I would be amazed if there are many providers that gross more than 10K a week or 500K per year and net out 300K.  Again, that should afford a comfortable life-style but isn't a ton of money.  A wealth advisor can tell you that a ton of money is an ultra high worth individual.  That usually starts with a net worth of 25 million.  So, at least in my view, if you don't have a net worth of 25 million you don't have a ton of money.  These days a net worth of 5 million is scraping the bottom for being a high net worth individual.

from young guys asking if they can afford to marry a Kgirl and keep her happy on a six figure income.  I have always told them it depends on whether the six figures is $100,000 or $500,000.  Lol

I really don’t care. It’s a business transaction. A regular of mine lives in a multimillion dollar house. She’s a fantastic host and treats me well. It’s none of my business .

-- Modified on 5/24/2023 4:40:55 PM

I need you to be my financial advisor!

I have been mortgage debt free since 2003 having paid my home mortgage off 15 years early.  For several years after, I still stroked the mortgage check for the same amt to my Morgan Stanley Brokerage account.  After aggressively upping my 401 equity percentage, there was no need to strike the check anymore.  During the 2008-09 financial disaster, I doubled down in the market, while mostly everyone bailed out.  Now I am happily retired and can afford to indulge.  No matter how much a provider’s annual income is, it should be considered relative.  Like any other profession, if you are earning $250K annually, but are spending  $255k you have a problem!  You would be amazed how many attractive and intelligent providers have no concept about investing, being in an industry that does not offer 401ks, Pensions, or paid maternity leave.  I have had a few ladies ask me for financial advise….I always recommend they read Buffetology, and work with a broker!

Tbh I don't care either, but I also don't go and tell a girl I'll significantly improve her life with my income without even realizing that she probably makes more than I do.

I've helped a few girls set up their LLC's and teach them basics on bookkeeping and set them up with a good CPA who does a lot of cash businesses. As a result I have gotten pretty decent insight of the finances of these girls. Albeit a small sample size, depending on your own lifestyle as well, I'd say bare minimum is 750k/yr.

about the term of my mortgage, my employment status, and my income.

about you personally.  I said I was making generalizations in some cases because you didn't give any information except percentage rates.  I even stated what class of people could benefit more than others with my method.  If it doesn't fit when you apply the particulars about yourself that you know but I don't, then don't follow my plan, but your plan will obviously NOT retire a 30-year mortgage in 8-10 years, so whatever is a good fit for YOU is what you should do.  I just stating a plan that works for me and some others I know.  It may not be right for everyone.  

Arbitrage a low interest mortgage rate against other uses of the money that would otherwise go to early payoff seems to be a pretty straight forward mathematical calculation.  I think the emotional factor is relative risks.  And a lifestyle factor is interest or disinterest in close scrutiny to financial matters.  I'm sure there are people who can beneficially parlay a low interest mortgage into a handsome gain. Others might like the psychological comfort of reducing debt.  

2 dates every day, 5 days a week? I think even some of the 9s and 10s on here don't routinely get 2 dates each day every week.  

I like how you think.
Being an advisor, many of my longtime good clients look to me as a "voice of reason".
I can't tell you how many youngsters I've talked out of buying bitcoin at $60k...

I think the main issue with providers, and many self employed/ small business owners, is an exit strategy. Every business I've started, after figuring what it's gonna be, my first question to myself is how I wanna exit. Some sell to large competitors, some license/franchise, some are mine for life. With that in mind I set them up to achieve those goals with strict time lines.  

Having been burned on Iomega (mid 90’s) and taking the internet bubble hit, I never have chased Crypto.  There is nothing intriguing about it. Chasing Fools Gold at this point!  What is it about a $100 bill that someone would be willing to pay $120 tomorrow?  Where is the hedge against inflation?  US Government could pull the plug on it anytime! Most conservatives feel it should be regulated; a few feel it should be outlawed!

I think it is about more than merely the money.

I really admire WIMissScarlet!!!  Not only is she a good businesswoman and a politically active sex worker, she is DAM*ED good in bed!!!

The OP had a great post.. that immediately got hijacked by several egomaniac guys wanting to brag about their properties / incomes / wtf ever… maybe cause they have small penis disease and need something to brag about?  Pretty typical on this board.

4 reviews in 6 years?  It appears you are jealous of other Hobbyists who have the wherewithal to visit Providers several times a month on an unlimited budget!

Apparently, I shouldn't even be in this hobby.  $150K, or $300K, a year is not a lot of money??!!!!  When I finally started making six figures, I was sooooo happy!!!  A lifelong dream had come true.  Now, it appears I'm not only still middle-class,  I'm poor!!

To be clear, I meant that's not a lot in big cities in the US. You can live comfortably here in LA on that kind of money, but if you're single, roughly half of that goes up in taxes, rent will take another 3k a month in a nice part of town, you won't find a decent new car for under 30k, and insuring that car in LA will be a few hundred a month.  Add to that high gas prices and other incidentals that just cost more here and that after-tax bakroll goes pretty fast. It's not exactly poverty, but good luck saving enough to buy a house anytime soon.

If chicks regularly made six figures doing sex work, there'd be a hell of a lot more of them doing it.

You just made me blush.  Thank you sir!!!  
xoxo

I'd love to meet her but Wisconsin is a bit out of the way for me lol.

After grossing 400k I would think she'd net a lot more than 200.

did her tax returns.   Lol

The more you make the more your family will spend.  I felt poor at 500k. 1m. 2m a year.  It never ends.

Incorrect. In the majority of the US it is still illegal to be a sex worker. So yes, we can and do make a lot of money, but there is also a giant stigma attached to the profession so this is why many chose not to do it. There are also very successful drug dealers, but attempting to circumvent the underworld can be challenging. Also adding to that many individuals lead two lives, a public life as a "regular" person with a family, and a private life incognito with their profession. Even basic life things like opening a checking account, taking out a loan, or renting an apartment can be a challenge, even if you have the cash.

Not sure where you are located, but I am also planning on trips to Florida, DC, and MN. I don't think I can post the specifics on here, but I will have it posted on the ad boards!!  

There have been studies (or polls?) that confirm that attitude across all incomes (maybe except for the multi-billionaires). A common figure is that people might be comfortable, getting by, or even doing well at their current income but will say that they would really like ~10% more.

If you make $500k+ a year and live "normally", you should not be "worrying" at all.  
If you make $1-2 mill+ and still can't make ends meet......

...suggest seeking help from a trustworthy-competent tax accountant?! If you can't explain the source of cash, an undeclared large sum of income might bite you in the ass one day.

-10% MORE?  If it's a minus, it's automatically less.  Just where did YOU go to school?  

Expects their internationally imported girls to average $2k daily and the house gets 40% of that (at standard donation rates of $320-400/hour depending on the girl and not including upcharges which the girls keep 100% of). Enough consecutive days in a row of not hitting that goal, and they get sent elsewhere. Days off also eat into that average. As far as agency girl income, I imagine this is fairly average for my area. Some of them work about 4 months a year, and this is enough to help support their families.

According to the Freakonomics guys, many drug dealers make so little money that they have to live at home with their moms. Only the top guys (gang leader; syndicate leader) can make $100,000 or more.
http://www.latimes.com/archives/la-xpm-2005-apr-24-oe-dubner24-story.html
Why Drug Dealers Live With Their Moms
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There have been MANY discussions about setting up a business, finding a SW friendly accountant, paying taxes (including Social Security and Unemployment deductions). Basic message: IF YOU HIDE YOUR CASH INCOME AND DO NOT PAY TAXES YOU WILL NOT BE ABLE TO SPEND IT ON ANYTHING SUBSTANTIAL (home; new car) WITHOUT PAYING BIG TAX PENALTIES. Without reported income, you will not be eligible for Social Security when you make it to retirement. Etc.
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Here are just a few (read the threads, not just one post):  
http://www.theeroticreview.com/discussion-boards/ter-general-board-12/providers-should-set-up-a-business-entity-for-tax-purposes-989974
http://www.theeroticreview.com/discussion-boards/ter-general-board-12/a-frequent-topic-of-discussion-on-general-and-newbie-999217
http://www.theeroticreview.com/discussion-boards/ter-general-board-12/banks-and-financial-institutions-must-report--797364
http://www.theeroticreview.com/discussion-boards/ter-general-board-12/brandy-alexandre-porn-star-and-taxpayer-813850
http://www.theeroticreview.com/discussion-boards/newbie---faq-33/re-im-not-a-tax-pro-but-170497
http://www.theeroticreview.com/discussion-boards/newbie---faq-33/from-previously-posted-qas--170473
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And many more on General and Newbie.

He used ~ , not a minus...approx

In the wise words of Dana White "cocaine isn't cheap, gotta make money"

“I spent half my money on gambling, alcohol and wild women. The other half I wasted.”  

I like impposter's post. Yes - pay your damn taxes so you can have a life! I have a career (a master's in tax law, and a PhD), but have hobbied since I was in my college days. I'll admit, for tax purposes I claim only 80% of my hobby income. I do take 20% off the top and put it directly into my retirement savings. That said....by claiming this income, I am able to write off expenses. I've done this since 2005 - and trust me - the IRS doesn't give a flying fuck if you are a prostitute, courtesan, private entertainer (or whatever you want to call yourself). By choosing to pay taxes, I am able to write off many of my common expenses (manicures, waxing, hair coloring, lingerie [reported as 'costumes'], and a certain percentage of household utilities...my car is depreciated over 5 years, and I also depreciate my computer, home office furniture, etc).  Not to mention the write-offs for direct expenses (hotels, advertising, etc.). Have I ever been audited on this income?  YES - twice. And the outcomes were both in my favor, not to mention that the audits were EASY. Ultimately, it's difficult for the IRS to track/trace this cash income, so they are thankful that it is claimed. Keep good records, learn a little about tax law (if you don't use a professional), and give yourself some legitimacy in life.  

"I didn't say I *had* a million dollars. I said I've spent a million dollars."

Thanks, but you are giving advise to the wrong lady. I have now, and have had for years, a very competent tax accountant. I was speaking more so about the fact some gals in the industry fear *not* filing taxes because of the illegality of our profession. I opened my business account at my bank many moons ago, but it is much more difficult as of late to open one as there is more paperwork and hoops to jump through if your business is cash.

Thanks for chiming in here and helping to raise awareness of this issue.  
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A few more points / warnings:
http://www.theeroticreview.com/discussion-boards/ter-general-board-12/feds-can-make-up-an-income-999254
"The trouble with the feds is that if they target someone who is in a cash biz and there is no history of tax payments, they can just make up an income (usually based on typical earnings in that line) and demand back payment." (True? I don't know.)
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and the post from RegencyHobbyist replying to that reiterates the points made by LadyLegend. "The smart high income providers will set up a corporation or LLC, pay all of their expenses (clothing, cosmetics, hair care, mani/pedi, hotel, travel etc) through the entity, ..."
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I wonder if TER would allow LadyLegend to advertise both her hostess services AND TAX ADVISING AND TAX PREPARATION services on the Regional Ad Boards? If Jack Dunphy University was still in existence, LL could teach the taxes and accounting classes.

how much income anyone else has coming in, I'd guess that you can't generalize on a specific number. There is bound to be a very wide range.  

Some escorts make a ton and some don't. There will always be low-end, mid and high end.  Just like the rest of society lol.
I just know that for ME the life that I like ON MY OWN over the last 12 yrs or so ehhhh that two people living off of 1 person's 150k income is not enough for me.
I certainly hope she's not listening to him.

Only the hourly rate matters to me

the end, I was just being obtuse.  I'm sure he knows it.  We go back and forth like this all the time.

Perhaps in previous times, you would be absolutely right...AND you could still be right....for the "right person".

I am ALREADY a "slobbering drooler."

Oh, right… you did.