Any worries about the economy and it affecting your strip club visits?
Here in South Carolina, I read an article saying it's like we're already in a recession as far as the manufacturing business goes. I noticed things went way down south starting this month. My older brother is worried they are going to have a massive layoff in October or near the end of October. The company I work for just had a recent layoff. I noticed US stocks were down on Thursday and the financial news channel reporters or talkers were talking about hedging their bets. There are still 2 million people who stand a good chance of losing their houses possibly as early as next year. Oh well, I live moment to moment. I try to save for a rainy day. I need to cut back anyway since I've been getting too many lap dances. A 10 or 15 dollar lap dance average price doesn't seem that bad but it adds up if lots of dancers want to do that for several songs.
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That would seem like a good idea, but stripping is all about living in the moment and financial planning is about anything but living in the moment, so I doubt it would actually work. And they would probably think they were stealing their money like a loser boyfriend.
She kept a record of her daily earning, filed quarterly estimated taxes and reported ALL of her income, kept to a strict budget, and in fact entered dancing with a specific termination date in mind.
The reason she reported all of her income was so that she could safely bank it, and she used dollar cost averaging methods to invest it, maximizing her Roth contributions annually and putting money in other vehicles, including using hedge options to cover risk. And she bought a house.
She also "only danced", ie. no VIP extras or OTC stuff, and kept everything strictly business. She didn't socialize with other strippers, except one... which was how I got to know her, the other girl was also a friend of mine.
She danced exactly two years - and THAT is what all dancers should be doing. I don't know how much she banked or what she did after, but she was very smart so I'm sure she's well on her way.
Literally every other dancer I've ever known basically managed money about as well as a retarded junkie.
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Casualguy, don't believe everything that you read or hear, bad news gets reported, good news doesn't. For example, if company a hires 50 people while company b lays 50 off, which makes the headlines in the paper? There are always shifts occurring in our economy, that's what makes it so strong. But only the bad news gets reported.
I, for one, am not wealthy, somewhat in debt, but "live for the moment"! Therefore, the economy WILL NOT affect my club visits! However, I have been bargaining down the dance prices somewhat!!!
http://www.ny.frb.org/research/directors…
1)Retail sales, excluding autos, has been positive all year, except for a downturn in August
2)Sales of autos and light trucks has been flat for many years
3)Housing starts and home sales are down from a peak in 2005
4) Disposable income has been increasing by small amounts (about the rate of inflation)
5) Personal savings has declined steadily over the past 10 years and is now close to nil
6)Gross domestic product and industrial production have seen positive growth in 5 out of 8 months this year.
7) The unemplyment rate is at 4.6%
8) Manufacturing jobs are declining slightly, service job growth is strong
9) Motgage debt is way up over the past 6 years. Consumer debt (credit cards etc) has been flat.
It goes on and on, but the picture is a fairly simple one. We have mortgaged ourselves to the hilt. We are employed, but if we are in manufacturing we should be a little nervous. The economy is not tanking; neither is it growing very fast. Talk of a recession seems premature.
Oh, and I think economic hardship is good for guys who want to pay for sex (in its various forms). I think when times get tough the number of women in the trade increases out of proportion to the number of out-of-work men. Remember, women are lower down the economic totem pole. More women means greater variety, downward pressure on prices, and higher mileage.
This is why they call economics the "dismal science".
I have noticed that the dancers here in L.A. have been unusually aggressive lately. Don't know if they are starting to feel the pinch or it's just a coincidence.
One thing I read several months ago was that Dick Cheney has a lot of money invested overseas as if he was expecting the dollar to fall. It certainly seems to be happening. I'm still learning how to hedge your bets.
That was a very smart stripper that planned everything so well with her finances. It sounds like she even planned an entrance and exit strategy for her stripping career as some people do for stocks. Most strippers I meet are working to try to get enough money to pay some bill they suddenly got. Now that's what I call daily planning. Planning for the next few hours it seems.
FONDL - You forgot one other additive: As long as you have a good line of credit..... you'll continue going to strip clubs. LOL Credit score helps a lot also.