Your assumptions are a lot more realistic than those of Ace85 and Sunset, even then, not many people with financial planning qualifications would run a retirement projection using 6% real rate of return. Real return bonds are currently paying about 2-3% depending on when you buy them and 3% is on the high side. Over the couple of years the international and the US stock market has barely broken even, especially given the increase in the Cdn $. Fixed income products are paying between 3-5% a year depending on the maturity. Basically the only good section has been the TSX. But nobody in their right mind would invest all their money in either one stock or even one stock market for that matter. When you have a sizable portfolio ie 200k plus you diversify into various asset categories. And even doing that I doubt any prudent financial advisor would use a real return in excess of 4%. Keeping in mind real returns means returns in excess of inflation.S.G. Gibson said:
how much do you think a good SP earn/yr?
- Thread starter harrington
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I think your post is one of the most realistic ones in here.CoCo said:
Reading men trying to determine an SP's level of earnings, is not unlike listening to men trying to describe the pain of child labour...
I have read the other posts on here and what you are saying seems to be very applicable to my situation. Here is the break down of my income. Keep in mind...CoCo said:
I work indy in Toronto
I am 19 (going to be 20 September 4th)
I do about four calls a week @ 220 an hour
I advertise online consistantly(@$163 a month)
I advertise on the talking escort directory about 2 months a year (@$30 per week)
I advertise in the papers about 2 months a year (@$120 per week)
My phone bill costs roughly $75 per month
I pay my driver $60 per call, that leaves me with $160 per hour
160*4= 640 per week*52= 33,280.00
minus $4000 for personal stuff-clothes, toys, condoms, lube, personal care= 29,280
minus $3156 for ads= $26,124
minus $900 for phone= $25,224
minus $12,000 for my personal rent and bills=$13,244
minus about $3900 for food (@75 per week for 52 weeks)=9,344 for me!!
I also attend university full time and tuition is around $6,000 (I do not have the exact figure with me) not including fees. Books and supplies run me about $800 per year. So at the end of all this I do take out a student loan.
I do not usually work every week, but I do get the occasional extended (overnights or whole weekends) call so I did factor this into the amount of weeks.
You are right about retiring, but at 40 they would likely have a home that is paid for and no debt, I suggest 10 years of work in some other field and they would easily beable to retire at 50. What I meant to say was they would be well on their way. If they were responsible.noneasgood said:
Some one else suggested all girls in studios pay PIMPS and Drug Habits.
Lots of studio girls (especially in edmonton) are pretty squared away. I would suggest that 30 - 50% of the Edmonton studio girls have their SHit together.
The safety of the studio, and only having to give away 20-50 per client is a pretty good trade off.
I think most decent MP girls in Edmonton can make 300-500 per shift.
I once knew a SP both before she had retired as a client, and after she had retired as a friend, and I saw first hand the "shell-shock" she experienced going from her escorting $$$ where she would go out partying often, bought a new car, etc, to working two jobs, roughly 60+ hours a week and still barely getting by.Lurker 123 said:
I do think that if you work in the escort business long enough, you can't help but become a bit jaded in regards to money. It's one of the reasons it's so difficult for many women to leave the profession.
So do you think all the advertising costs are justified then (ie do they generate enough business to warrant the expense)?OrientalJenni said:
Yeah you have my sypathies on that one, particularly with you being in Ontario as tuition there is completely insane (it's bad in BC as well, but is dwarfed by the tuition rates at Ontario schools). $800 for a years worth of books & supplies is actually very good, I have friends who spend close to that much -- per semester (sciences are very expensive).OrientalJenni said:
RobBC
A lot of these expenses are not exclusive to escorts and shouldn't be factored in. We ALL have to eat, we ALL have certain phone, rent and personal expenses and we ALL have personal care expenses. Those are apart from whatever one chooses to do for a living. BUSINESS expenses are what have to be counted. No matter what you are doing for a living you would have to spend money, so there is a reason you are choosing to be an escort if you claim to only take home $9,000 a year.OrientalJenni said:
Good point, but this was last minute thinking done in front of my computer. What I wanted to point out was the cost of living (and working as an escort) can be pricey. Okay, maybe I can cut down on some expenses, but I come from a family with a very low income and I spent most of my preteen and teen life in foster homes where I was given a $5 a week allowance (no kidding). I had to make up for what I did not have by working 20 hours a week at a store (@ $7 an hour). I got $100 every three months for clothing, and as you all know teenagers have some pretty expensive clothes so much of my personal income went to such things. Most of my school expenses were paid out of my own pocket.Cock Throppled said:
I went to school full time (graduated at 17) and worked evenings and weekends for almost four years. Summer time I took on extra work. It was stressful and somedays I would not even eat because my home was far from school and school was far from work and lunch hours were for homework. I would get home after 11pm and complete my chores then go to bed. If I slept in I would not have time to make my meals in the morning.
Now I know this sounds like a whole lot of complaining (and perhaps it is), but this is why I like being an SP. I can afford some of the things my peers have while not having the stress of too many hours. I like being able to make my own schedule. While I am not making $200,000 a year (VERY far from it), the job does allow me the luxury of choosing when I want to work. I guess I am addicted to hours more then anything else.
BTW I am a science major too.
One phenomena that has occurred over the past year that has altered the income landscape, is a significant reduction of individual bookings. Gone are the days of 5-10 years past when windfall earnings were made. Why? The client base is and always will be fairly static - only population growth can increase the amount of pooners out there - individual morality standards guarantee that. However, the number of providers and establishments has increased tenfold - compare the number of ads in the GS, WE and The Province today versus ten years ago. Any lady who doesn't have a healthy stable of regulars is just getting by in this game. If the economy goes into the shitter, discretionary income will be the first victim.
I'm certain most of the "experienced" ladies out there will agree with this assessment. The attrition rate in this industry is pretty high, and any forward looking lady is usually bidding her time waiting for the right opportunity or relationship to escape it.
I'm certain most of the "experienced" ladies out there will agree with this assessment. The attrition rate in this industry is pretty high, and any forward looking lady is usually bidding her time waiting for the right opportunity or relationship to escape it.
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an independent i'm not too sure i guess depends on how much she chooses to work but i see most of them advertising "their brand new yaletown/downtown condo's" aaaahhhh those places are not fucking cheap. i live in a little place in the west end in an old building and i know how much i pay. i did the math as an example for like an amp girl in a place like swan.
i felt i was pretty modest in my estimates and math and it came out to over 60 grand a year. no matter what way you cut it ladies thats a pretty good living especially since it's tax free. someone in the biz world that makes 60 grand a year doesn't take home 60 grand a year believe that.
if anyone wants to see it i posted that in the "how much would you pay poll".
i felt i was pretty modest in my estimates and math and it came out to over 60 grand a year. no matter what way you cut it ladies thats a pretty good living especially since it's tax free. someone in the biz world that makes 60 grand a year doesn't take home 60 grand a year believe that.
if anyone wants to see it i posted that in the "how much would you pay poll".
So ya don't think I'm realistic enough for ya, eh?noneasgood said:
Try this on for realistic because the stock prices are factual:
Age 23 retires at age 40 = 17 years
17 years ago = 1988
1988 buy 10k shares Amgen at 0.75 = $7500.00 = $625/mo = $138/wk
2000 sell 10k shares Amgen at 80.00 - $800k
1990 in Jul buy OEX Sep put options for $10k
1990 in Aug sell OEX Sep contracts for $250k
1996 buy 40k shares TD Trust at 9.60 = $384k
2005 sell 40k shares TD Trust at 46.20 = $1,848,000.00
Starting in 1988 investing about $600/month could have build over $2.5 million to date. Hey, I didn't even figure in compounding and inflation.
Wealth building via investing takes knowledge, skills and guts. So, please spare me the bullshit about being realistic. No, I ain't no Financial Planner or a Broker; I despise those mafukkers always fishing for a commish. I'm just a Geek who loves to analyze things, obsessively hunts for new ideas that have financial opportunities, and has the guts to throw it all in for an idea that has a potential for growth.
Sunset,
Ok if you are Warren Buffett you might be able to consistently achieve high returns but I don't think this is a realistic expectation for everyone. Berkshire Hathaway's average return over the last 40 years has been 21.9%. If it was realistic for everyone to acheive returns like this we would all be billionaires.
Ok if you are Warren Buffett you might be able to consistently achieve high returns but I don't think this is a realistic expectation for everyone. Berkshire Hathaway's average return over the last 40 years has been 21.9%. If it was realistic for everyone to acheive returns like this we would all be billionaires.
This drivel is the farthest thing from reality I have seen in some time. Hindsight is 20/20 when it comes to stocks. Name one stock today that will give me those returns in say, 10 years time. Guaranteed. You can't, cause its a fuckin' crapshoot. So spare me the bullshit.Sunset said:
Fuzzy,FuZzYknUckLeS said:This drivel is the farthest thing from reality I have seen in some time. Hindsight is 20/20 when it comes to stocks. Name one stock today that will give me those returns in say, 10 years time. Guaranteed. You can't, cause its a fuckin' crapshoot. So spare me the bullshit.
Can you point out one item that I mentioned in my post regarding stock prices that was not correct? So, spare me your bullshit mate.
Crapshoots are for those that throw money at a given situation. I'm frugal beyond your imagination, and when and if, I was to extend funds into a venture, you can bet your sweet ass I know every iota about the project, product, demand, market and the people involved.
In regards to a current venture that has the potential of high returns, I'd suggest that you do your homework as I do and maybe you might find one. If you do, you'll need the courage to pull the trigger by putting forth substantial funds, and that possibility, based on your recent post seems nebulous.
Yes I agree and understand real returns are net of inflation. It's depressing. So many people will be spending their golden years with much less than they hoped for. They should teach retirment planning to kids in highschool because they should start saving as soon as possible. Unfortunately our culture is focused on consumption and not saving.noneasgood said:
In defence of Sunset's position.
Many people have totally the wrong attitude towards investing. The proper attitude is that a person always saves 10% of whatever they earn. That 10% is entirely seperate from what a person spends on food, housing, clothing and entertainment. Treat it like a tithe to your own future.
I know far too many people who let external influences determine how they think they should live. If you borrow to subsidize a lifestyle that isn't attainable with 90% of your income, you won't do any better by spending the 10% you should be saving. The people who you let know you well aren't going to be impressed if they know you always carry a balance on your credit cards.
Invest in what you know. If you have a good fashion sense, why not invest by buying houses that are low priced because of unfortunate decoration, fix them up to current fashion and resell them. I know a couple that does that very well in all real eastate markets. I can't do that because I wear 20 year old suits until she makes me throw them out.
If you work for a company, you should have a good idea of who is doing well in that field and who isn't. Why not invest in the companies who are doing well? I've had some success doing that, and I think that is what Sunset is talking about. That way you know when the market is saturated in that field and know when to cash in your profit.
An example was the rush to lay optical fiber. That worked when there wasn't enough fiber to meet the demand. It became a stupid investment when too many companies were laying fiber in anticipation of demand. There is a huge quantity of dark fiber available right now and a lot of companies are paying for laying fiber that no one is using or will use for some time, if ever. The technology of fiber that was installed 5 years ago is now obsolete and there is no reason to light much of it.
The problem with many is that they jump on the bus when it is pulling into it's final stop. They get stuck holding and the person who did some research has taken their profit and moved to the bus that is just starting it's trip.
By the time the popular media is talking about something, it's already time to have exited. If you make your investments based on media buzz, you always will be the last passenger on the bus.
If you don't want to have to be constantly watching and researching, invest in things that people need. Energy is something our society can't run without. The low yield investment is the big energy utility, the higher yield investment is the companies that provide the stuff the utility needs to find, develop and distribute new sources of energy. There are companies that are doing very well right now because wells have to be drilled deeper, pipe has to be trenched into the seafloor, environmental standards have to be met and there are better ways of accomplishing things.
There is a huge possibility of returns on alternative energy technologies. Calgary gets a major % of it's electricity from windfarms. Holland gets most of it's electricity from windfarms. Take a look at the companies that build the generators, install the generators or build the delivery system.
There is a company that is building locomotives using the engines developed in BC. That technology doesn't make sense for cars or even buses. It does make sense for locomotives.
It's quite possible to get 30% returns. Even in this environment.
Many people have totally the wrong attitude towards investing. The proper attitude is that a person always saves 10% of whatever they earn. That 10% is entirely seperate from what a person spends on food, housing, clothing and entertainment. Treat it like a tithe to your own future.
I know far too many people who let external influences determine how they think they should live. If you borrow to subsidize a lifestyle that isn't attainable with 90% of your income, you won't do any better by spending the 10% you should be saving. The people who you let know you well aren't going to be impressed if they know you always carry a balance on your credit cards.
Invest in what you know. If you have a good fashion sense, why not invest by buying houses that are low priced because of unfortunate decoration, fix them up to current fashion and resell them. I know a couple that does that very well in all real eastate markets. I can't do that because I wear 20 year old suits until she makes me throw them out.
If you work for a company, you should have a good idea of who is doing well in that field and who isn't. Why not invest in the companies who are doing well? I've had some success doing that, and I think that is what Sunset is talking about. That way you know when the market is saturated in that field and know when to cash in your profit.
An example was the rush to lay optical fiber. That worked when there wasn't enough fiber to meet the demand. It became a stupid investment when too many companies were laying fiber in anticipation of demand. There is a huge quantity of dark fiber available right now and a lot of companies are paying for laying fiber that no one is using or will use for some time, if ever. The technology of fiber that was installed 5 years ago is now obsolete and there is no reason to light much of it.
The problem with many is that they jump on the bus when it is pulling into it's final stop. They get stuck holding and the person who did some research has taken their profit and moved to the bus that is just starting it's trip.
By the time the popular media is talking about something, it's already time to have exited. If you make your investments based on media buzz, you always will be the last passenger on the bus.
If you don't want to have to be constantly watching and researching, invest in things that people need. Energy is something our society can't run without. The low yield investment is the big energy utility, the higher yield investment is the companies that provide the stuff the utility needs to find, develop and distribute new sources of energy. There are companies that are doing very well right now because wells have to be drilled deeper, pipe has to be trenched into the seafloor, environmental standards have to be met and there are better ways of accomplishing things.
There is a huge possibility of returns on alternative energy technologies. Calgary gets a major % of it's electricity from windfarms. Holland gets most of it's electricity from windfarms. Take a look at the companies that build the generators, install the generators or build the delivery system.
There is a company that is building locomotives using the engines developed in BC. That technology doesn't make sense for cars or even buses. It does make sense for locomotives.
It's quite possible to get 30% returns. Even in this environment.
Gib,S.G. Gibson said:
I agree, I couldn't have said it better. I like to see kids start saving and learning about investments as early as age five.
The shit that I get into is radical and definitely not for the faint of heart. I wouldn't suggest anyone get involved with high risk ventures or instuments unless they know what they are doing.
Sdw,
Thank you for the compliment.
I hangout with a few very odd and eccentric types, usually by electronic means, we’ve even had web-conferences while flying from Europe with this new technology call “Connextions.”
There is a lot of shit going on out there, a potential new equation for cold fusion, production of a energy cell, robotic transportation, safe food production techniques, high energy efficient lighting, pollution prevention technologies and a shit load of new pharmaceuticals to enhance and save lives. There is also a new technology to replace the flat screen in theatres, computers and home entertainment.
As long as humans continue to pursue philosophies whether it is physical as the theory of relativity or social such as entertainment, where will be financial opportunities. Some with returns in the stratosphere.
Thank you for the compliment.
I hangout with a few very odd and eccentric types, usually by electronic means, we’ve even had web-conferences while flying from Europe with this new technology call “Connextions.”
There is a lot of shit going on out there, a potential new equation for cold fusion, production of a energy cell, robotic transportation, safe food production techniques, high energy efficient lighting, pollution prevention technologies and a shit load of new pharmaceuticals to enhance and save lives. There is also a new technology to replace the flat screen in theatres, computers and home entertainment.
As long as humans continue to pursue philosophies whether it is physical as the theory of relativity or social such as entertainment, where will be financial opportunities. Some with returns in the stratosphere.
