ALL ABOUT FINANCES

Today’s topic is a very serious subject when it comes to this line of work. As you move along your journey and start coming into continuous amounts of money, you want to make sure that you are being wise with it. Industries in SW are “fast money” type of industries and can dry up easily if you aren’t tracking it correctly.

Here are a few things that I do with the money I earn to keep it consistently flowing and to teach myself discipline:

1. Put a percentage of my earnings into a savings account

- From every type of monetary interaction I have online (tributes, sessions, clips sales, custom videos, PSO, etc) I take a percentage of it to place into a savings account. For small sends like initial tributes, I’ll put the full amount in my savings. For larger amounts in sessions (for example, $1k for a session), I put 75 percent of it into my savings and use the rest for discretionary income. If you have bills that are priority and can’t put a large amount into your savings, put aside what works for you and your household.

- It’s not smart to blow your full session income on your wants vs your needs if you can’t afford to. You never know if you’ll have dry days for the rest of the week or if something comes up where you can’t session.

- It’s also highly recommended to get a HYSA (high yield savings account) so that your savings is always making money instead of just sitting. I use Chase and AMEX for these types of account.

2. Have more than one bank account

- Don’t put all of your SW income into one account, in case of emergency or threats of a shutdown. Try to have multiple accounts that you use for different things. One for vanilla income and one for SW income.

3. Put a percentage to the side to pay taxes

- You can’t escape taxes as a SW. Each site you use will require you to report once you reach a certain threshold. You can post your taxes quarterly or yearly but try to put as much as possible to the side based off what you are making throughout the year.

4. Invest in stocks

- Stocks can help grow your money. I like to invest in stocks of things that I use often or have interest in. ETF’s like VOO are great places to start. I use Robinhood for my stocks and have also invested in other stocks such as Chipotle, Cava, Crypto, and more. It’s never too late to get started on a stock portfolio.

5. Purchase all of my “cheaper” Domme gear at the top of the year

- I purchase all of my content creation and session outfits in January so that I don’t have to consistently buy pieces throughout the year. It saves you more money and helps you to plan out content for the future. A win-win.

6. Life insurance policies (if not employed at a traditional 9-5 or vanilla job)

- Life insurance policies are just important in general. I use Progressive for my policy. It’s around $20 per month and racks up fast.

7. Complete “savings” challenges

I recommend the book “Pretty Girls Stack Like This” that has plenty of savings challenges throughout that equal up to $30,000 +.