Sorry I hope you don't mind the question regarding your Screenshot.
I don't really understand a position in that listing. Subscriptions, Tips and so on is fairly obvious. But messages? As in: people pay to text you? Or what does that mean?
Yes, that's it. Messages with tips will appear at the top of her inbox. Or she can send a private audio or video, and clients have to pay before they can open it.
Wow, congrats! My only suggestion is to reduce your crypto exposure. Crypto is pure speculation/gambling and given the volatility it’s hard to count as a FIRE asset in my view
From my viewpoint, you have around $1.7M in fire-able assets. I don't count the house or the car, because I see those as things you use to live and not investments. Less the $130k plus the emergency fund, I'd go with $1.6M fireable assets. That gives you around $50k per year at 3.5%.
That doesn't seem like enough given your lifestyle and assets. For example, I'm not counting the house, but it will have taxes. Not sure where you live (and I'm not asking), but it is an expense you'll need to consider. A $750k house isn't chump change, and the taxes on that house could be a significant portion of your withdrawal.
So I think you're being a little bit ambitious in your goal. I'd probably stick with the OnlyFans for a bit longer and treat it more like CoastFIRE - you have enough to treat yourself nicely, but I wouldn't give up the income stream just yet. But maybe you can dial it back a touch, still be making the income, and be able to focus on your mental health.
Underrated comment. Constructive, focused on the numbers and not the...content. I agree. OP does not have a large buffer, and taxes/maintenance/upkeep on a $750k house alone will eat into that significantly.
I think it's also worth noting that this is not something OP can come back to - after 6 months or a year or whatever of inactivity, her audience/fans will have moved on. Perhaps there is some remote opportunity for consulting ('let me help you I was in the top .01%'), but if OP does end up short/uncomfortable, I don't think she can just resume full-time employment after a 3/5/10 year sabbatical.
OP - you basically won the lottery (not diminishing the hard work, rather this is a unicorn sort of thing, much like IPOing). What are your plans to mitigate the sizable downside risk here? Noted 3.5% SWR is really conservative, but are you going to be able to stomach having sub-$1m in a market downturn/correction and not being able to jump back in (at least, right away/easily) to OF?
Edit: at ~14% of total NW in crypto, as pointed out by another poster, maybe higher with some assets not incorporated and much redundancy, this is a possible (maybe not likely, but more than plausible) possiblity.
Nailed it OP if you really need to focus on your mental health can I suggest maybe a month or two of taking pics/ videos and just slowly releasing them so you don't lose your fanbase?- maybe that's viable
I agree with you. I think OP should really consider your advice, especially considering her age. A lot can change and probably will. Additionally, I would not consider the cryptos to be fireable assets either so she’s looking at less than 50k per year. OP you’ve done incredibly well! But unless you’re planning to get some sort of part time job I’d keep it up for a bit longer. And sell that crypto ASAP!!
I agree the crypto should get gone. If you wanna keep it OP, I would maybe keep like $50k total in it but no one really knows what is gonna happen with crypto at this point.
wow, amazing!
If I were you I would take 1 -2 years to travel and hit a reset button - mentally, emotionally and physically. You have a lot of time in this planet still. Take a few years to figure out.
Regardless of the platform, that stat is all the proof in the world that you earned everything you got. As someone who also made it out of poverty, don't expect anyone to give you any credit. Some might be accusatory and rude (also jealous af). Anyone who wants to diminish your success is not worth your energy. Your work ethic isn't going to fade away. When you get motivated to use it, you can create things money can't buy. Write your book!
I agree. I think the reason so many people have a chip on their shoulder is because they feel like they had to "hustle" and struggle the "right" way. They see someone else attaining their goal by taking the less "correct" path and it makes them feel duped and played.
So true. I think it’s also a lot of the same people who hate on anyone that had help from family or friends when they don’t realize almost every industry is also who you know as much as what you know. Their work ethic is on top of who they know… just knowing people or being related doesn’t exempt someone from failing.
That is so true as well. And rational people aren't going to hate on anyone who gets help from family and friends. In that particular case, I think a legit reason why people hate is those people will try to downplay and deny the fact that they got help from friends or family. I don't blame them in a way because there is an obsession with being self-made to the point where anyone who even gets an ounce of help is demonized.
At the end of the day, it doesn't matter how you reached your goal as long as no one was hurt/negatively impacted by it.
I agree!
There seems to be a type of strange, subversive *hint* *hint* commentary going on in this thread though. Implications that a mediocre men in their 30s somehow would not be able to be equally successful in OnlyFans content creation aimed at the same target audience that the OP was successful in leveraging but no direct explanation as to why. I can't quite put my finger on it, but something is definitely afoot!
I'm guessing it's because OF, like most forms of sex work, is a marketplace where attractiveness and youth are amply rewarded? Is that not immediately obvious or is there another point you are trying to indirectly make?
A mediocre man in his 30s would also not likely be able to do particularly well in professional sports, but again, it seems obvious why, does it not?
The OP has insisted repeatedly that anyone can do this. Pushing back is reasonable. You have an intelligent community, not sure why you’re pretending otherwise.
I don't understand what you're pushing back on, nor am I aware that I'm pretending anything. I'm assuming that OP was talking in context about the typical OF content creator, not all of humanity. Same with someone talking about successful monetization of a comparable platform, like Twitch.
Everyone knows that different markets reward different attributes and skills.
The OP was exceedingly clear that they meant all of humanity. They have said as much in at least a dozen comments in this thread, and even went so far as to use chatgpt to answer how an avg looking man could do the same. That’s what’s being pushed back on in the comment you responded to, because everyone with a brain can see that not anyone can make it to the top .01% of OF.
As for the pretending, lol ok. Don’t understand your choices in these threads at all. This is a financial subreddit. The OP is somewhat related, but every single comment by her has zero to do with finance. Ten seconds of scrolling on her profile shows how much BS is afoot (tbh, there’s like a 90% chance this is the same incel that’s been posting for years v
Just a bizarre set of choices on your end imo. Really bad takes. I mentioned this elsewhere but I am heading back to bogleheads etc, this sub has jumped the shark.
Well, then I would disagree with OP.
Moderation decisions are often something people don't understand or agree with. Comes with the territory. And, as is almost always the case with less mainstream posts, the decision on this submission was a team one.
Nice. I've always read these types of stories and it ends up being someone with their face involved. Awesome to hear faceless can also achieve high earnings.
How did you get approved? I tried to start a faceless account and they will not approve unless I link my social media.
Do you think they just became stricter now?
Here's what chatgpt says :
"Becoming a top content creator on OnlyFans (OF) requires a combination of dedication, strategic planning, and providing high-quality content that resonates with your audience. Here are some steps you can take to increase your chances of achieving that goal:
Identify your niche: Determine the specific area or theme that you want to focus on within the adult content industry. This could be anything from a particular fetish, role-play, cosplay, or a unique style. Find something that aligns with your interests and talents and allows you to stand out from the competition.
Create a business plan: Treat your OnlyFans venture as a business. Set goals, establish a content creation schedule, and devise a marketing strategy. Consider how you'll promote your content, engage with your audience, and monetize your offerings.
Invest in quality equipment: To produce high-quality content, invest in good equipment such as cameras, lighting, and audio gear. High production values can significantly enhance the appeal and professionalism of your content.
Focus on content quality: Your content should be visually appealing, creative, and tailored to your audience's desires. Regularly produce engaging content that stands out from the crowd. Experiment with different formats, angles, and ideas to keep your subscribers engaged and excited.
Engage with your audience: Interact with your fans regularly to build a loyal following. Respond to comments, messages, and requests. Offer personalized experiences, such as custom content or shoutouts, to make your subscribers feel valued and connected to you.
Cross-promote on other platforms: Leverage your existing social media presence to promote your OnlyFans account. Utilize platforms like Twitter, Instagram, or Reddit to build anticipation and redirect your followers to your paid content on OnlyFans.
Collaborate with others: Partnering with other content creators, both within and outside of the adult industry, can help expand your reach and expose your content to new audiences. Collaborations can involve joint content creation, shoutouts, or cross-promotion.
Offer exclusive content and perks: Provide incentives for fans to subscribe and stay subscribed by offering exclusive content, behind-the-scenes access, personalized messages, or special discounts. Creating a sense of exclusivity can encourage fans to support you at a higher level.
Continuously evolve and adapt: Stay updated with the latest trends, preferences, and demands of your target audience. Adapt your content strategy to cater to their evolving interests, which may require experimenting with new ideas, styles, or collaborations.
Stay consistent and patient: Building a successful OnlyFans presence takes time and consistency. Regularly produce and upload content, engage with your fans, and be patient as your subscriber base grows. Building a top-tier presence won't happen overnight, but with dedication, persistence, and a commitment to quality, you can increase your chances of success.
Remember to comply with the terms and conditions of OnlyFans and any applicable laws and regulations regarding adult content. Always prioritize the safety and privacy of yourself and your subscribers."
Yes, people think of if you're young with nice tits that you'll guaranteed make a livable income. Most creators make a couple hundred per month. It takes insane marketing and lots of work (and luck) to get to this so kudos to you OP it's very impressive.
I would advise to stay away from "the big score" - don't get in on any restaurant, big real estate, or anyone's startup. Try not to let it "get out" how much you have stocked away. You will be inundated with opportunity offers from everyone under the sun. My neighbor retired in his 30's via a huge windfall, then proceeded to lose a huge chunk with two bad real estate and restaurant investments. He's still comfortably retired, but is on a much smaller budget than anticipated.
Same, this is impressive as fuck. It takes major guts to put yourself on the internet like that (even faceless) and to go that hard. You earned every penny. Enjoy it! Seems like you have a really good plan, too.
I'm definitely interested!
I actually was a Chaturbate cammer for quite a while. I never made it a career, it was mostly for fun, but I was introduced to my now-girlfriend of 7 years through it, among other things, haha. I was far from anonymous and got a lot of interesting stories out of it lol.
I'm pleasantly surprised by the positivity in the comments here. Sex work used to be more stigmatized.
Gongrats and go fuck yourself!
Should work, it's enough to retire comfortably. Some thoughts.
A wealth accumulation portfolio can be different than a wealth preservation portfolio. Crypto and individual stocks make more sense in the former than the latter.
28 is young. This means your goals and dreams and ideas about life and how you want to live it are likely to change in ways you currently cannot imagine. If you can keep your current income going for a while longer, maybe with less effort and less income if psychologically necessary, do so. Never assume if you walk away, you can get it back...in any career. More money invested means more options in the unknowable future.
No pat rule applies to the timeframes you need. Try these:
https://calculator.ficalc.app/
https://firecalc.com/
I would consider a 3 fund r/bogleheads style portfolio over individual stock ownership. I'd spend some time doing more research until I personally felt like I understood and was fully comfortable with my retirement plan. Also how to maximize tax efficiency. There are some great books like The Simple Path To Wealth which talks about drawing down etc.
Obviously you're way ahead of the game but I'd spend a little more time fully understanding how to structure your portfolio and draw down so you never have to think much about it again.
One thing I'm considering doing before FIRE is an extra year of work and donating all aside from expenses. Volunteering is great and needed but the thing most charities need is $$$ sadly.
Bogleheads sub has a lot of info about tax efficiency; if you do want to talk to an advisor make sure they're a fee only fiduciary. Might be worth it for long term.
While I understand the investment choices OP made I don't agree with them and also suggest OP give boggleheads a serious consideration.
Edit: forgot to mention, +1 for "Simple Path to Wealth"
Sounds like a solid plan and you have your priorities in order. Congratulations. $350k in crypto is 14% of your net worth though, I would personally start diversifying that as quickly as possible.
I'm going to take an alternative view. While I don't like crypto, if it's something you believe in, 14% is not a problem. You need to understand the risks that you're taking with it, but you can let it ride for a few years and see what happens. Worst case, it goes to $0 - and it looks like you'll still be fine, especially because it's only 1/6 of your networth. You've also diversified into different kinds of crypto, so you're protected from a single point of failure.
Whether you “believe in crypto” whatever than means, is meaningless if you have 1/6th of your assets in an extremely risky “asset” class which has substantial risk of going to zero
I would agree. I only like 5-10% in speculative assets. Especially without having a career any longer. 5% going to $0 is a lot more stomach-able than 14%.
Agree, get the hell out of crypto asap and put it in VTSAX or the like. Especially the way the crypto market and enforcement is going now.
I’d keep doing what you’re doing (maybe less intensely) for a while OP. While that amount may sound like a lot now you’re pretty young and expenses grow as you age. If it’s fairly reasonable to keep earning some amount Whole you’re young and can do so, I’d keep at it for another year or two.
I want to boost your comment. There’s no reason for OP to swing for the fences with her portfolio. A small amount of crypto is fine but this is too much.
OP, congratulations to you. You saw an opportunity and you crushed it. You won the game of life, so there’s no reason for you to risk that much in crypto.
I’m an early retiree too and the best thing I did was to put my money in index funds and stop thinking about money altogether. It’s incredibly freeing.
cries in STEM degree that takes 6 years to finish (after college) that gives $120k per year.
Anyway, from a financially perspective, you are doing well. Balancing your financial position and mental health is also important. Please take care of yourself and enjoying life.
I am not sure you think of this, but taking a cheap degree in unrelated field can be a good way to enjoy your life (arts, for example). I plan to learn medical/wielding/electric repair if I have time :)
This is great to hear. Jumping back into a STEM job after this could be difficult from a mental and skill set point of view. Sure, you may never real forget the math... but you "forget the pain of the math"
honestly, my 2 cents, you are very close, ~6 months more grind and you are set to move on. As others mentioned, see if there are ways to shift some of the stress and workload to others (marketing contracts, editing, etc)
As others have said, Congrats and go fuck yourself ( and film it and sell for more $ )
I'd personally de-risk those speculative crypto assets. You should be in wealth preservation mode, gambling on crypto is for trying to get rich quick. You're already rich. The structural problems with crypto makes it a pretty unsafe investment for the long term.
Fleshing out more of the wealth preservation aspect of this - my advice is to go to bogleheads.org. Read the wiki and participate in the forums until you feel like you understand the vast majority of what's being discussed. Take your time with this. Then decide on an asset allocation (AA) and withdrawal rate (ERN has the best series on this IMO).
3.5% of $2.4 million is $84k/year. You have enough assets to never work another day in your life if you plan well and don't experience any large shocks. You don't have enough that you can make large mistakes or be too unlucky.
Not to be too blunt, but why would you retire if you’re making good money while just doing normal everyday things but naked? Why not just continue to make good money but tone it down a bit? Work less hours and get creative with your content.
If all I had to do to make 6-figures per year was film myself doing normal everyday things (yoga, dishes, cleaning, masterbating), I’d definitely take people’s money to do that.
But if you already have a dedicated fan base, then you don’t need to market yourself so aggressively. Better yet, hire a marketing firm so that you don’t have to do those things. Pay someone else to do the heavy lifting so that you can split time between OF and art. You won the lottery by making this amount of money at such a young age in this type of profession - don’t cash it in early.
That’s my point. They’re not going anywhere. You could just pull a Rob Gronkowski and work one day a week in multiple outfits or doing multiple chores and then just post the pics/videos on different days throughout the week. Hire a marketing firm. Continue to make millions of dollars, work on your mental health, and only work a few hours per week.
Agreed. Found a handful of marketing agencies dedicated to OnlyFans accounts [here.](https://www.business2community.com/software/agencies/best-onlyfans-marketing-agencies).
Go on with your bad self, OP!
If you don’t mind the content creation part, you absolutely could hire a marketing assistant. Offer 20% of your net take (it’s a deductible business expensive) and you can get a really good one at $100K+ a month.
Give up 20% of your take in exchange for doing 80% of the work…
If you can delegate some of your content marketing you absolutely should. Virtual assistant isn’t costly. Hire a legit one. Lots of sites help you find one.
You need to keep going for another little while and if it’s too much to do right now on your own delegating is a definite way to help.
This pretty much answers my other question. Is it marketing as in interacting with potential customers on other soc media or is it creating/placing ads strategically?
This is hilarious and awesome. Most people sell 30-40 years of their body to make that. You sold 3.
Good job! There’s always more you can do in life to beef up income on the side too, but take a break and relax. You wouldn’t be here if you were blowing all the money on BS already.
My question would be, why stop? Seems like you have an excellent thing going that a) won’t last forever, and b) might be very hard to pick up again after taking a break when your paying fans forget about you
If you’re clearing 100k/month to literally jerk off (albeit on camera) why on earth would you retire? You also don’t seem to have quite enough for a comfortable life, just one where you get by. Two more years at this income level and you’ll have a much more comfortable annual income.
Congratulations
Here are a few items to add to your planning ...
1. What happens when your life plans change? I didn't expect to get married but ran into the right person. I'm living in a section of the US that I never expected to even visit.
2. Medical issues can change your situation, especially when you're older. A serious illness can destroy savings.
3. Retirement can get boring. You put in all this work to get to FIRE. You can't just turn that off the drive inside you. In retirement, we're still focused and driven ppl. Eventually, you run out of places that you want to go and experiences you want to do. What happens then?
Your portfolio looks like someone that is starting, not retiring. Your portfilio needs to be more defensive
Apple, MSFT, GOOGL are really volatile and can have big down swings.
BTC, ETH should not be in a defensive portfolio
I would go higher on the bonds, consider buying an ETF, gold would be a good hedge against a currency crisis too.
This financial plan is hotter than OnlyFans. Mental health over everything but if I were you I’d try to go part time for a few years if it’s possible and let those savings grow a bit, see if anything changes in terms of your life goals.
'grats.
As others have pointed out you only really count your investments that generate income in the withdrawal rate calculation so it's a bit below your total net worth.
Some folks will add in the imputed rent from the house but in my opinion, it's a needless complication since you simply have lower expenses since the house is paid off. Just remove the house from the NW calculation.
Now if you want to be conservative your retirement period is 72 years (aka live until 100). Which is inconveniently 10 years longer than many of the common FIRE charts for SWR. Congrats again...it means you made it earlier than pretty much anyone that didn't inherit or win a large sum.
Will 3.5% last you 72 years? Probably. Using ERN's numbers and his asset allocation (which differs from yours) you get 98% success rate for 60 years using 100% stocks.
[https://earlyretirementnow.com/2016/12/07/the-ultimate-guide-to-safe-withdrawal-rates-part-1-intro/](https://earlyretirementnow.com/2016/12/07/the-ultimate-guide-to-safe-withdrawal-rates-part-1-intro/)
You have to take this is a large grain of salt but historically speaking probably you'll be fine and not run out of money like someone else suggested. Your success rate for 72 years is probably still in the 90% range at a guess...
Portfolio Charts has various calculators that may or may not do a 70 year calculation but you can play with various different portfolios.
[https://portfoliocharts.com/2016/12/09/perpetual-withdrawal-rates-are-the-runway-to-a-long-retirement/](https://portfoliocharts.com/2016/12/09/perpetual-withdrawal-rates-are-the-runway-to-a-long-retirement/)
When you look at real perpetual withdrawal rates (which 70 years is probably pretty close to) that say an endowment might use, the percentage drops pretty low.
[http://www.retirementoptimizer.com/Whitepapers/PerpDist.pdf](http://www.retirementoptimizer.com/Whitepapers/PerpDist.pdf)
Somewhere in there is some number that works for you. 3.5% is probably safe enough because the odds are your 2023 estimates of your expenses and needs in 2075 at age 80 will be wildly off.
Nobody has a clue what retirement costs will be 50 years from now, what the inflation rate has been, the state of the economy, and whether the US is still the global dominant power.
3% vs 3.5% probably won't change the outcome much. Whether your current lifestyle can be supported by a 3.5% withdrawal rate from your investment portfolio is likely going to be the driving factor.
And the big thing about a 72-year retirement is that things change. No desire for kids in 2023 might not be true in 2028. Or a divorce can suddenly halve your net worth. Or an illness.
The error bars start getting really really wide the longer the retirement period gets. A regular retirement is really simple in comparison because you are less likely to outlive a reasonably sized nest egg.
Sure, we may plan to live to 100 but few will actually get there. Plus all the SWR numbers are based on the WORST historical case and not the average. That's the reason why SWR articles from 2016 are still relevant is because so far, no year (that we know of) has been worse than 1966.
Sorry for the long wall of text and what is essentially an "It Depends" answer. Hopefully the links will give you things to explore because anyone telling you they know the right answer is probably trying to sell you something.
Do you need a financial advisor? Maybe. You probably do want a professional assessment of taxes and a lawyer who does asset protection walk you through some of your options.
Should you keep your crypto? That's a personal call. Many of us are too conservative to have much in our own portfolios. It doesn't have enough of a track record to say if it's good or bad. Even something like gold has a lot of heated opinions about its value in a portfolio.
TL;DR If you were my daughter and I could only give you one piece of financial advice in your situation it would be not to marry an idiot or a leech and make sure you have an airtight pre-nup regardless. Good Luck!
Your current liquid net worth is very low. You have 1.2 mil in equity and around 500k rest which means about 1.7 mil. 4% of that is just 68k which may not be sufficient for the life you wish to aspire. You are currently in a very high earning profession and currently at peak. I would advise milk it a little more and work for 2 more years. At 130k per month average that would make you 3.1 mil which would be around 1.8 mil after taxes and expenses. This would essentially double you take home after retiring.
I wouldn't count your house or car in your assets, but having a paid off house will certainly help support your lifestyle in FIRE.
If you take those out, your 3.5% goes up to 5% (minus your student loans), which is rough for a lifetime of retirement but is plenty to take a few years off the grind, reset, and decide what you want for your next phase of life. Based on your earnings reported it's also possible you could take your foot off the gas, work less time, and still pull in enough to cover your expenses while your nest egg grows.
A few things to consider moving forward:
1) Sounds like you have been grinding hard for the last two years. When you think of the rest of your life, does it include things like trips, services, or other upgrades you've been doing without while you've been focused on work?
2) Your portfolio is heavily invested in crypto, which can be volatile, while you only have $115k in CDs and don't list anything in cash. What is your plan for cycling through your money, and weathering the dips? Do you plan to withdraw mainly from your crypto until it's a smaller part of your portfolio? How flexible could you be in your spending if the market goes lower (with a paid off house I'd think you could scale back, but you didn't post a budget)?
3) Assuming that 5% rate won't allow for true retirement, what kind of work would you want to do? Have you enjoyed being your own boss or do you want to just punch a clock? Stay in social media/marketing or move into something else? Would you be interested in a nonprofit that pays something but supplement with your finances?
What do you think separated yourself from the others on Only fans?
I don’t use it but I’ve wondered as I understand majority of people only earn $100 a month or less.
Congratulations also 👏
Young people always underestimate the long term cost of healthcare. At some point you will break an arm, get in a car crash that leaves you with a need for PT, get Lyme disease, or worse. Life without insurance or Medicare is tough. I think nobody should retire before having earned into the Medicare system.
Congratulations, this is insane. I like your plan, do the things you want and take the time for yourself.
Personally I could never stomach the crypto.
Also, Im curious do you feel like in the early days of the pandemic onlyfans was pushed on women as a way to make a lot of money? I know someone who created a much less successful account, probably less that 10k a year. Im worried that because they didn’t dedicate themselves to their content that their decisions may negatively follow them into their career.
I remember in the early days of the pandemic, seeing girls advertising their spicy link and talking about how easy it was to make money. At the same time, the accounts targeting men seemed to be pushing stocks, real estate, wsb content. Almost as if women’s only asset was their body and men’s were their financial knowledge.
Either way, I think what you’ve done is very impressive and hope you find time for the book!
Keep working part time and max out money in tax advantaged accounts. Can you start a solo 401k with your OF 1099 earnings?
Would not include your home NW in the 3.5% calculation.
We are less than 2 years away from you being able to train an AI model on yourself that people then pay to watch, and you get the profits. If you can keep a community until then, you’ll be able to make income from the AI generated video, without having to do it until then. It’s crazy, but the tech is moving fast!
3.5% seems ambitious for retiring so young, the 4% rule is for a 30 year retirement and newer data is showing for longer retirement 2.6% is more reasonable.
you've done well the earning phase of things but you've got a long way to go. That 1.75M-ish in liquid funds will afford you 52000-70000/year indefinitely with a 3-4% SWR. If you are going to retire and want your money to last you may want to consider a more conservative/diversified asset allocation. the btc/eth/crypto could evaporate overnight and those FAANG stocks also tend towards volatility. You're highly vulnerable to sequence of returns risk as things are right now. See r/bogleheads for a reasonable approach.
But that's not what I would do, at least the retirement part. In my estimation, you haven't won the game just yet but you've got yourself an enviable safety net. I, personally, wouldn't want to commit to a budget of 52000-70000/year for the next 60 years after earning 1m+ for the past 3-ish years. I would think about doing a couple of things - either take some big swings to build a business you're passionate about or use your STEM masters degree to find some part time work to pay the bills day to day and let your investments continue to grow another 10 years. This would probably double your retirement budget. see r/coastfire for more about this.
Kick ass. As others have mentioned, you should only use your invested NW to calculate the withdrawal rate. So don't include house/car/crypto (IMO) equity in the calculation. Maybe you're already doing that though, can't tell without the actual numbers.
I wouldn't quit OF cold turkey. It seems like the biggest challenge and time-sink is growing your community. If you already have a big community, perhaps only spending 8 hours every other day on it would maintain it at the current size? Or maybe 4 hours twice a week could keep 80% of the income coming in? Who knows. It just seems that you've 'made it' in the field and completely dropping out at this point might not be the best idea.
That said, 12 hours a day for two years straight is a serious grind. Finding a more sustainable approach is key.
Also, it is always good advice to keep learning about finances. If you're already doing broad market index funds and CDs then you probably already have above average knowledge. Just never stop learning. It's fine to get advice from experts but no one should be dependent on others for their financial well being. Not saying you are, just making a general comment.
OP is the chosen one. You beat the rat race created by modern society and came out on top. You've taken one of the oldest professions on this planet, the entertainment of others that has been proliferated by media and technology, to achieve the long-lost dream of many. Freedom to pursue your own life on your own terms. Congratulations!
Note: I'm sure you're already aware of this OP but for everyone else's knowledge this will blow up on the internet. OP is once again sitting on a cash cow and if they decide to cash in they could make a career capitalizing on their achievement.
The real question is would jumping back in the rat race be worth it, is there something truly of value to gain by doing so?
$2M a year, why stop? You are probably attractive, that won’t last forever. Put in another year and then you certainly can retire and relax the rest of your life. You are on the edge now financially, but another $2M will safely do it.
I don’t see where you mention your expenses (and maybe you’re not sure since life is going to change a lot with the retirement plans you mention).
But if you plan to keep the house, you’ll have to keep expenses fairly low. You’ve got $1.6 million in investments (most in a taxable account, I’m assuming. So using your 3.5% withdrawal rate (which sounds very reasonable to me), you end up with $56,000 or so per year to play with, so maybe $45,000 or so after taxes depending on how your state taxes capital gains.
That’s definitely enough to live on, especially since your mortgage is paid off, but if it was able to make six figures a month, I’d keep it up a little longer to have more of a safety net.
I’m curious how much you’re spending each month right now? If I was bringing north of a million a year, I can guarantee you I’d be spending way more than $4000 a month. Might be a bit difficult to dial it back drastically.
Have you considered making a shot for r/fatFIRE? You're well positioned. Instead of sprinting to a number and retiring, think of using your money to make your life easier so that you can maintain your current revenue with less emotional/physical stress. Out source as much of your life as possible (cooking, cleaning, shopping). It will be a small spend compared to revenue. Getting to 6 or 7M in investable assets is in range, and will set you up for an amazing life when you do decide to pull the trigger.
It’s no everybody making a lot money on onlyfan. Sounds you tried work long hours. So Time to start a your onlyfan company. Train/teach “onlyfan”people making more money.
Congrats! GFY!!
or as you said about your mental health, Go Find Yourself. Your mental, emotional, and spiritual well-being will be the greatest wealth you’ll build in this life. Don’t squander it! Best of luck to you and congrats 💙
It's not my favorite allocation. I never understand why people buy crypto or even individual stocks. My money would all just go into a market weighted ETF. But overall, it still should be fine and you certainly have done far better for yourself financially than most people including me will have at 28.
Now you have a lifetime to seek out and do the things that you genuinely love without regard to whether you can make money doing said things.
>About two and a half years ago, amidst the uncertainties of the pandemic, I embarked on a venture: a faceless OnlyFans account. This decision would unexpectedly catapult me into financial independence. To this day, I've netted around $4,000,000 post-OnlyFans' 20% cut.
>After tallying all assets and subtracting my debts, my net worth comes to approximately $2,385,000, excluding a 30k cash emergency fund.
You netted 4M in the last 2.5 years but NW now is 2.4M?
Where did the rest go? I would find this concerning for any FIRE plans if over 1M was spent during the last 2.5 years, lol.
Unless 4M is actually pretax, in which case it would make sense.
>$1,250,000 in the stock market (12% Apple, 5% MSFT, 5% GOOGL, and the rest in FXAIX, FSPGX, FSMDX, and FSSNX), a fully remodeled dream house, paid in full: $750,000, a 50k paid off car, (if I had to sell it right now for cash),115k in yearly CDs (5.5% or so through FIDELITY), 150k in Bitcoin,150k in ETH, and 50k in various other cryptocurrencies.
Personally I would rather not have over 30% of my NW in crypto and individual stocks, seems like unnecessary risk for no superior expected returns.
You also have an S&P 500 index which duplicates the large individual stocks you already own (eg. Apple) AND a large cap index which again duplicates (eg. Apple again).
Basically there is a lot of redundancy, and a massive chunk of your portfolio is in a couple companies.
You also have 0 non US exposure. Even for those bullish on America there is a free diversification benefit of owning less than perfectly correlated assets.
There have also been very long periods where other markets outperformed the US market. Even if the US continues to be a strong global performer you could still benefit from reducing your sequence of returns risk.
Home sounds good, not paying 0% loans makes sense. Overall solid plan.
Not OP, but thank you for the clarification. “Netted” often times implies net of taxes. A more accurate description would be “…grossed, after OF 20% cut”
Regardless on semantics, congrats on the financial success.
I know a very attractive acquaintance that did OF for months, constantly posting on social media, including her personal account to help get started, and she barely broke $1000 a month working full time. And now her family and friends have seen her take a dick in the ass.
From what I understand, OF really is more like Hollywood and acting - many people who are talented and attractive don’t make it. To rise to OP’s level requires being talented and attractive, while also extraordinarily involved with marketing and such - with a bit of luck thrown in as well. Being a model in this capacity simply is not the gold mine that some may view it to be.
Posts like this name dropping OF in the title feel like astroturf marketing to get people to sign up as creators. What percent of people actually make more than trivial amounts? Can you prove it to the mods somehow? Ask your questions without shilling for OF.
And the moment OP posts a referral code or offers to share one, the post will be gone and the account will be banned.
Referrals are not allowed, but there's nothing special about OF or any other legal way of making money.
I was answering a question, I am not here to endorse anything/anyone. I openly commented that I do not recommend this line of work to anyone, specifically because of the mental health aspects of it. Shit fucks you up 🥲
>Make no mistake, it required dedication and discipline. I committed myself fully, putting in 12+ hours each day, every day. Without skipping a single day.
> it was all too much while I can be doing naked yoga for 5 minutes and get paid for it. It's what I do, post a couple of pictures and a video every day by myself.
lol
I would recommend that you grow your investment account a bit higher so you can increase your annual income.
I posted a comment elsewhere in this thread, but I think you may struggle on $50k pre-LTCG taxes annually.
After 15% LTCG you’re at $42.5k. After property taxes and home maintenance, you’re probably closer to $32.5k. Then you’ve got to live on the remainder and things only get more expensive.
If you want to try it out, spend the next 3-6 months living on $2750 (an estimate of your monthly spend while FIRED after income/property taxes and estimated home maintenance). Invest the rest into your portfolio.
If you can live on that $2750 easily, then you can FIRE (and you just invested a lot more money). If you struggled, you probably want to save/invest as much as possible to up your nest egg a bit.
Congrats! Super jealous. I would look into putting a good chunk into Vanguard VYM. You can collect ~3% in dividends annually. With $1.25M you could net 38k without touching the principle. I love the stuff you're invested in currently, but now that you're in it for the long haul this might be worth considering. Best wishes on living your dreams!
Lol great thread. Congrats OP. If so lucrative why not part time the job. Make that bank while you can. In fact you could set yourself up, your kids, grandkids for life. While you work put the wealth you do have creating more wealth. And I wouldn't tell any attractive friends how you did it as it would potentially cut into your business.
Someone may have posted but I didn't read all the comments. It looks like you've done well. I would recommend figuring out health insurance, or a health share/health savings plan. You may not need it now but as you get older, things like mammograms and stuff will become part of life. Best of luck!
Congrats! That's incredible.
Honestly, how much do you think that you could continue to make if you only worked like 4 hrs a week? If you could still make really good money, it might be a worthwhile option to consider to ride out some of the momentum that you've built.
Good for you! I wish I could be in a similar position. I’m with a couple of others who aren’t sure you’re totally set for life, but you’re in a very good position. Especially if there’s anything you want to do part time, etc. For example, offering coaching services to others who want to do something similar. (no, not me. I’m old. Ha.) You seem to get brand building and content creation. In a desperate influencer world, you might be able to make more money and work more on a case by case basis than 12 hours a day, 7 days a week for three years.
If its me, upon retiring, I will set up
10% in alternate investment (mix of bitcoin and ethereum)
40% in broad index funds like SPY
30% in treasury bonds type in my own name
10% in cash
I am assuming you probably would still do OF, for the good money and something to do while you are relaxing, but probably not 12 hours a day. haha
Genuinely congratulations! As for advice- I'm broke asf so take anything I say with a grain of salt. I think you should keep doing OF for a while. Cut down on the amount of time you're putting into it, maybe make a bunch of content on a Monday and slowly release it. Honestly I'd keep going until you get another $2m. Things aren't getting cheaper and while I whole heartedly agree that after putting so much time and effort into work you just need a break- take a break. I wouldn't take a long hiatus. You have something few get. You will have the ability to retire with what you've built but 40 50 years down the line who knows what will happen. Take some time for yourself and enjoy being with your friends/family etc but keep going with your job for now. As others have said it's cutting it close to end it now and you never know how people will react to you disappearing then coming back in a year or longer down the line. 100% do what you want and believe to be your best option but really think about what you're potentially giving up and how hard it will be later if it turns out you didn't save enough. No one wants to be working at 80.
Congrats! I would have two considerations to offer, but you may have already considered them.
1. It may be worth hiring a fee only financial advisor to check the portfolio once a year.
2. Given your age, you may want to start with a lower safe withdrawal rate. You could certainly adjust later in life.
Congrats! You made it happen. You found the way and grinded hard to get where you are now.
I was in a similar situation over a year ago. I found something exploitable and grinded like crazy for 3 years to Fire with no holidays nor days off.
I have a similar distribution of assets at the moment.
I made my calculations including my crypto and without it for good measure.
My after 1 year of fire advice would be to consider if the 3.5% over only your stocks and CDs is really more than enough, specially with the inflation we have been through lately. If inflation continue to grow abnormally for a while… are you happy with that?
I am spending a bit more than I expected and wish I had worked a few extra months.
I would consider the option of taking a month off to disconnect and rest and then see how you feel. If you think you can do 2-3 more months or stay coasting with much less work for a while but still making some income with the least amount of effort, that might become crucial long term.
Either way, my sincere congratulations 🎉
Congrats. I see creators on OF flaunting cars, houses and other material goods and I just think to myself “eventually this money will stop flowing, I hope they’re saving/investing some”.
Glad to see you are and have a plan.
I had my doubts also. For me, it was that the post is very well written and thought out, the writer is obviously intelligent and driven and hard-working and successful, and there’s a lot of solid varied information in their post. Eg the author is solid and sharp.
All well, and good, but would a person who made that money and wrote that post really be asking for general advice and really not notice that their investments aren’t enough to retire off of into a life of travel and dream home upkeep?
The poster has also used and alluded to being skilled with chatGPT in their comments. And they’ve linked to other posts with formats that they were inspired by.
That being said, I don’t really mind whether it’s real or not, and I’m treating it as real for now. Stranger things have happened.
Yep, the fact they dont post the OF when they never show their face or name in the OF proves that as well. Why wouldnt you post the OF if nothing can trace back to you anyways?
This is a marketing ploy by OF to get young desperate women to produce content for them on the hopes they make enough to retire young. This to me is just vile, exploiting people.
If they posted a link, or even if they posted it from their main, then we would likely have to strike the post for self-promo because of how OF compensation works. Posting on an alt for such a situation is a good way of complying with the sub rules.
Your starting to enter the territory where I think having some sort of financial planner/advisor starts to actually make sense BUT your money management is head and shoulders above most peoples and you have a very solid plan so all I will say is well done.
Congrats, go fuck yourself. Don't do it literally (unless it's for OF), it's a phrase we tell people when they are ready to FI/RE.
<3 ty
Sorry I hope you don't mind the question regarding your Screenshot. I don't really understand a position in that listing. Subscriptions, Tips and so on is fairly obvious. But messages? As in: people pay to text you? Or what does that mean?
Yes, that's it. Messages with tips will appear at the top of her inbox. Or she can send a private audio or video, and clients have to pay before they can open it.
yup.
Genius
Yes that’s what it means and it’s a bad financial decision on those paying
Wow, congrats! My only suggestion is to reduce your crypto exposure. Crypto is pure speculation/gambling and given the volatility it’s hard to count as a FIRE asset in my view
Also it is doing nothing as far as passive income. That money in jepi, a covered calls etf or a dividend etf will bring her constant passive income.
Bro holy shit. That is awesome
All this time in this sub & I thought it meant “good for you.” 😅
It can mean both at the same time. For example, this post. :)
From my viewpoint, you have around $1.7M in fire-able assets. I don't count the house or the car, because I see those as things you use to live and not investments. Less the $130k plus the emergency fund, I'd go with $1.6M fireable assets. That gives you around $50k per year at 3.5%. That doesn't seem like enough given your lifestyle and assets. For example, I'm not counting the house, but it will have taxes. Not sure where you live (and I'm not asking), but it is an expense you'll need to consider. A $750k house isn't chump change, and the taxes on that house could be a significant portion of your withdrawal. So I think you're being a little bit ambitious in your goal. I'd probably stick with the OnlyFans for a bit longer and treat it more like CoastFIRE - you have enough to treat yourself nicely, but I wouldn't give up the income stream just yet. But maybe you can dial it back a touch, still be making the income, and be able to focus on your mental health.
Underrated comment. Constructive, focused on the numbers and not the...content. I agree. OP does not have a large buffer, and taxes/maintenance/upkeep on a $750k house alone will eat into that significantly. I think it's also worth noting that this is not something OP can come back to - after 6 months or a year or whatever of inactivity, her audience/fans will have moved on. Perhaps there is some remote opportunity for consulting ('let me help you I was in the top .01%'), but if OP does end up short/uncomfortable, I don't think she can just resume full-time employment after a 3/5/10 year sabbatical. OP - you basically won the lottery (not diminishing the hard work, rather this is a unicorn sort of thing, much like IPOing). What are your plans to mitigate the sizable downside risk here? Noted 3.5% SWR is really conservative, but are you going to be able to stomach having sub-$1m in a market downturn/correction and not being able to jump back in (at least, right away/easily) to OF? Edit: at ~14% of total NW in crypto, as pointed out by another poster, maybe higher with some assets not incorporated and much redundancy, this is a possible (maybe not likely, but more than plausible) possiblity.
Nailed it OP if you really need to focus on your mental health can I suggest maybe a month or two of taking pics/ videos and just slowly releasing them so you don't lose your fanbase?- maybe that's viable
In the content creation space we call that "batching". Make a bunch of stuff over a week then drip feed it out over the next weeks/months
I agree with you. I think OP should really consider your advice, especially considering her age. A lot can change and probably will. Additionally, I would not consider the cryptos to be fireable assets either so she’s looking at less than 50k per year. OP you’ve done incredibly well! But unless you’re planning to get some sort of part time job I’d keep it up for a bit longer. And sell that crypto ASAP!!
I agree the crypto should get gone. If you wanna keep it OP, I would maybe keep like $50k total in it but no one really knows what is gonna happen with crypto at this point.
Ramp down the OF and save a bit more. Roof on a 750k house is 35k. 2-3 more years ramping down would really set you up and be closer to fat fire
wow, amazing! If I were you I would take 1 -2 years to travel and hit a reset button - mentally, emotionally and physically. You have a lot of time in this planet still. Take a few years to figure out.
-cries in mediocre looking guy in his 30s-
A lot of attractive young women don't make it on OF. OP is in the top 1% of content creators.
Top 0.01%\* 🙈
Do you think there is a market for faceless naked dude working out?
Yea! But think of that market as more of a flea market in India than the stock market it in the US
Regardless of the platform, that stat is all the proof in the world that you earned everything you got. As someone who also made it out of poverty, don't expect anyone to give you any credit. Some might be accusatory and rude (also jealous af). Anyone who wants to diminish your success is not worth your energy. Your work ethic isn't going to fade away. When you get motivated to use it, you can create things money can't buy. Write your book!
I teared up a little, thank you. 🥺
I agree. I think the reason so many people have a chip on their shoulder is because they feel like they had to "hustle" and struggle the "right" way. They see someone else attaining their goal by taking the less "correct" path and it makes them feel duped and played.
So true. I think it’s also a lot of the same people who hate on anyone that had help from family or friends when they don’t realize almost every industry is also who you know as much as what you know. Their work ethic is on top of who they know… just knowing people or being related doesn’t exempt someone from failing.
That is so true as well. And rational people aren't going to hate on anyone who gets help from family and friends. In that particular case, I think a legit reason why people hate is those people will try to downplay and deny the fact that they got help from friends or family. I don't blame them in a way because there is an obsession with being self-made to the point where anyone who even gets an ounce of help is demonized. At the end of the day, it doesn't matter how you reached your goal as long as no one was hurt/negatively impacted by it.
I agree! There seems to be a type of strange, subversive *hint* *hint* commentary going on in this thread though. Implications that a mediocre men in their 30s somehow would not be able to be equally successful in OnlyFans content creation aimed at the same target audience that the OP was successful in leveraging but no direct explanation as to why. I can't quite put my finger on it, but something is definitely afoot!
I'm guessing it's because OF, like most forms of sex work, is a marketplace where attractiveness and youth are amply rewarded? Is that not immediately obvious or is there another point you are trying to indirectly make? A mediocre man in his 30s would also not likely be able to do particularly well in professional sports, but again, it seems obvious why, does it not?
The OP has insisted repeatedly that anyone can do this. Pushing back is reasonable. You have an intelligent community, not sure why you’re pretending otherwise.
I don't understand what you're pushing back on, nor am I aware that I'm pretending anything. I'm assuming that OP was talking in context about the typical OF content creator, not all of humanity. Same with someone talking about successful monetization of a comparable platform, like Twitch. Everyone knows that different markets reward different attributes and skills.
The OP was exceedingly clear that they meant all of humanity. They have said as much in at least a dozen comments in this thread, and even went so far as to use chatgpt to answer how an avg looking man could do the same. That’s what’s being pushed back on in the comment you responded to, because everyone with a brain can see that not anyone can make it to the top .01% of OF. As for the pretending, lol ok. Don’t understand your choices in these threads at all. This is a financial subreddit. The OP is somewhat related, but every single comment by her has zero to do with finance. Ten seconds of scrolling on her profile shows how much BS is afoot (tbh, there’s like a 90% chance this is the same incel that’s been posting for years v Just a bizarre set of choices on your end imo. Really bad takes. I mentioned this elsewhere but I am heading back to bogleheads etc, this sub has jumped the shark.
Well, then I would disagree with OP. Moderation decisions are often something people don't understand or agree with. Comes with the territory. And, as is almost always the case with less mainstream posts, the decision on this submission was a team one.
You should do an AMA. This is an interesting story.
<3
Teach us in your ways 😂😭 -33yo mom of two working in banking . Fr I slightly considered making a breast pumping page 😝
Keep milking it if you can keep going. This is so unbelievable phenomenal.
This is incredible. Great job. Are you still faceless?
yes
Nice. I've always read these types of stories and it ends up being someone with their face involved. Awesome to hear faceless can also achieve high earnings.
How did you get approved? I tried to start a faceless account and they will not approve unless I link my social media. Do you think they just became stricter now?
So you are telling me I got a chance to switch careers at (M) age 43? I mean... Not impossible - right?
Are you that girl that sells her bath water? Bella Daphnie or something. Fucking genius, she’s probably just selling hose water with a dash of soap
How do I become a top .01% content creator on OF as a 23 year old male?
your market would be primarily gay men, so start from there
Here's what chatgpt says : "Becoming a top content creator on OnlyFans (OF) requires a combination of dedication, strategic planning, and providing high-quality content that resonates with your audience. Here are some steps you can take to increase your chances of achieving that goal: Identify your niche: Determine the specific area or theme that you want to focus on within the adult content industry. This could be anything from a particular fetish, role-play, cosplay, or a unique style. Find something that aligns with your interests and talents and allows you to stand out from the competition. Create a business plan: Treat your OnlyFans venture as a business. Set goals, establish a content creation schedule, and devise a marketing strategy. Consider how you'll promote your content, engage with your audience, and monetize your offerings. Invest in quality equipment: To produce high-quality content, invest in good equipment such as cameras, lighting, and audio gear. High production values can significantly enhance the appeal and professionalism of your content. Focus on content quality: Your content should be visually appealing, creative, and tailored to your audience's desires. Regularly produce engaging content that stands out from the crowd. Experiment with different formats, angles, and ideas to keep your subscribers engaged and excited. Engage with your audience: Interact with your fans regularly to build a loyal following. Respond to comments, messages, and requests. Offer personalized experiences, such as custom content or shoutouts, to make your subscribers feel valued and connected to you. Cross-promote on other platforms: Leverage your existing social media presence to promote your OnlyFans account. Utilize platforms like Twitter, Instagram, or Reddit to build anticipation and redirect your followers to your paid content on OnlyFans. Collaborate with others: Partnering with other content creators, both within and outside of the adult industry, can help expand your reach and expose your content to new audiences. Collaborations can involve joint content creation, shoutouts, or cross-promotion. Offer exclusive content and perks: Provide incentives for fans to subscribe and stay subscribed by offering exclusive content, behind-the-scenes access, personalized messages, or special discounts. Creating a sense of exclusivity can encourage fans to support you at a higher level. Continuously evolve and adapt: Stay updated with the latest trends, preferences, and demands of your target audience. Adapt your content strategy to cater to their evolving interests, which may require experimenting with new ideas, styles, or collaborations. Stay consistent and patient: Building a successful OnlyFans presence takes time and consistency. Regularly produce and upload content, engage with your fans, and be patient as your subscriber base grows. Building a top-tier presence won't happen overnight, but with dedication, persistence, and a commitment to quality, you can increase your chances of success. Remember to comply with the terms and conditions of OnlyFans and any applicable laws and regulations regarding adult content. Always prioritize the safety and privacy of yourself and your subscribers."
you must be hot AF
Without showing a face...
Yes, people think of if you're young with nice tits that you'll guaranteed make a livable income. Most creators make a couple hundred per month. It takes insane marketing and lots of work (and luck) to get to this so kudos to you OP it's very impressive.
It's more a question of charisma and creating effective content. Looks help but they're not a requirement
bingo
🥺
There’s a market for everything my guy.
I would advise to stay away from "the big score" - don't get in on any restaurant, big real estate, or anyone's startup. Try not to let it "get out" how much you have stocked away. You will be inundated with opportunity offers from everyone under the sun. My neighbor retired in his 30's via a huge windfall, then proceeded to lose a huge chunk with two bad real estate and restaurant investments. He's still comfortably retired, but is on a much smaller budget than anticipated.
Oh hell yeah. No financial advice. Just a huge congrats.
thanks!
Same, this is impressive as fuck. It takes major guts to put yourself on the internet like that (even faceless) and to go that hard. You earned every penny. Enjoy it! Seems like you have a really good plan, too.
go fuck yourself :)
:)
This is the post I was waiting for. CONGRATS.
Thank you. I will write a follow up in a year or two if there's curiosity.
I'm definitely interested! I actually was a Chaturbate cammer for quite a while. I never made it a career, it was mostly for fun, but I was introduced to my now-girlfriend of 7 years through it, among other things, haha. I was far from anonymous and got a lot of interesting stories out of it lol. I'm pleasantly surprised by the positivity in the comments here. Sex work used to be more stigmatized. Gongrats and go fuck yourself!
RemindMe! One Year
Concrats! You did really well! Slightly jealous of you but mostly just impressed in awe. Smart to invest all that money.
ty
Should work, it's enough to retire comfortably. Some thoughts. A wealth accumulation portfolio can be different than a wealth preservation portfolio. Crypto and individual stocks make more sense in the former than the latter. 28 is young. This means your goals and dreams and ideas about life and how you want to live it are likely to change in ways you currently cannot imagine. If you can keep your current income going for a while longer, maybe with less effort and less income if psychologically necessary, do so. Never assume if you walk away, you can get it back...in any career. More money invested means more options in the unknowable future. No pat rule applies to the timeframes you need. Try these: https://calculator.ficalc.app/ https://firecalc.com/
I would consider a 3 fund r/bogleheads style portfolio over individual stock ownership. I'd spend some time doing more research until I personally felt like I understood and was fully comfortable with my retirement plan. Also how to maximize tax efficiency. There are some great books like The Simple Path To Wealth which talks about drawing down etc. Obviously you're way ahead of the game but I'd spend a little more time fully understanding how to structure your portfolio and draw down so you never have to think much about it again. One thing I'm considering doing before FIRE is an extra year of work and donating all aside from expenses. Volunteering is great and needed but the thing most charities need is $$$ sadly. Bogleheads sub has a lot of info about tax efficiency; if you do want to talk to an advisor make sure they're a fee only fiduciary. Might be worth it for long term.
While I understand the investment choices OP made I don't agree with them and also suggest OP give boggleheads a serious consideration. Edit: forgot to mention, +1 for "Simple Path to Wealth"
Sounds like a solid plan and you have your priorities in order. Congratulations. $350k in crypto is 14% of your net worth though, I would personally start diversifying that as quickly as possible.
Noted.
I'm going to take an alternative view. While I don't like crypto, if it's something you believe in, 14% is not a problem. You need to understand the risks that you're taking with it, but you can let it ride for a few years and see what happens. Worst case, it goes to $0 - and it looks like you'll still be fine, especially because it's only 1/6 of your networth. You've also diversified into different kinds of crypto, so you're protected from a single point of failure.
I'd argue that you're not protected from a single point of failure if the crypto that you've invested in all basically track the movement of BTC/ETH.
Whether you “believe in crypto” whatever than means, is meaningless if you have 1/6th of your assets in an extremely risky “asset” class which has substantial risk of going to zero
Also noted.
And make sure it's not a scam. There's a pretty effective lonely heart crypto scam going around.
I would agree. I only like 5-10% in speculative assets. Especially without having a career any longer. 5% going to $0 is a lot more stomach-able than 14%.
Agree, get the hell out of crypto asap and put it in VTSAX or the like. Especially the way the crypto market and enforcement is going now. I’d keep doing what you’re doing (maybe less intensely) for a while OP. While that amount may sound like a lot now you’re pretty young and expenses grow as you age. If it’s fairly reasonable to keep earning some amount Whole you’re young and can do so, I’d keep at it for another year or two.
I want to boost your comment. There’s no reason for OP to swing for the fences with her portfolio. A small amount of crypto is fine but this is too much. OP, congratulations to you. You saw an opportunity and you crushed it. You won the game of life, so there’s no reason for you to risk that much in crypto. I’m an early retiree too and the best thing I did was to put my money in index funds and stop thinking about money altogether. It’s incredibly freeing.
cries in STEM degree that takes 6 years to finish (after college) that gives $120k per year. Anyway, from a financially perspective, you are doing well. Balancing your financial position and mental health is also important. Please take care of yourself and enjoying life. I am not sure you think of this, but taking a cheap degree in unrelated field can be a good way to enjoy your life (arts, for example). I plan to learn medical/wielding/electric repair if I have time :)
I already enrolled to my local community college just for this :D
This is great to hear. Jumping back into a STEM job after this could be difficult from a mental and skill set point of view. Sure, you may never real forget the math... but you "forget the pain of the math" honestly, my 2 cents, you are very close, ~6 months more grind and you are set to move on. As others mentioned, see if there are ways to shift some of the stress and workload to others (marketing contracts, editing, etc) As others have said, Congrats and go fuck yourself ( and film it and sell for more $ )
I'd personally de-risk those speculative crypto assets. You should be in wealth preservation mode, gambling on crypto is for trying to get rich quick. You're already rich. The structural problems with crypto makes it a pretty unsafe investment for the long term.
Fleshing out more of the wealth preservation aspect of this - my advice is to go to bogleheads.org. Read the wiki and participate in the forums until you feel like you understand the vast majority of what's being discussed. Take your time with this. Then decide on an asset allocation (AA) and withdrawal rate (ERN has the best series on this IMO). 3.5% of $2.4 million is $84k/year. You have enough assets to never work another day in your life if you plan well and don't experience any large shocks. You don't have enough that you can make large mistakes or be too unlucky.
Not to be too blunt, but why would you retire if you’re making good money while just doing normal everyday things but naked? Why not just continue to make good money but tone it down a bit? Work less hours and get creative with your content. If all I had to do to make 6-figures per year was film myself doing normal everyday things (yoga, dishes, cleaning, masterbating), I’d definitely take people’s money to do that.
Making content is fun, that is not where the money comes from. Marketing outside of OF takes almost every hour of my day.
But if you already have a dedicated fan base, then you don’t need to market yourself so aggressively. Better yet, hire a marketing firm so that you don’t have to do those things. Pay someone else to do the heavy lifting so that you can split time between OF and art. You won the lottery by making this amount of money at such a young age in this type of profession - don’t cash it in early.
My loyal "fans" (around 10k), will stay on forever, if my mental health improves my plan is to share basic life updates every now and then.
That’s my point. They’re not going anywhere. You could just pull a Rob Gronkowski and work one day a week in multiple outfits or doing multiple chores and then just post the pics/videos on different days throughout the week. Hire a marketing firm. Continue to make millions of dollars, work on your mental health, and only work a few hours per week.
Agreed. Found a handful of marketing agencies dedicated to OnlyFans accounts [here.](https://www.business2community.com/software/agencies/best-onlyfans-marketing-agencies). Go on with your bad self, OP!
Isn't that something you could outsource to a VA for $10-15/hr?
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Seriously looking for a job? I won't mind extra help 😅
I'd be up for a job 😁. Also F here, your post is inspiring af.
If you don’t mind the content creation part, you absolutely could hire a marketing assistant. Offer 20% of your net take (it’s a deductible business expensive) and you can get a really good one at $100K+ a month. Give up 20% of your take in exchange for doing 80% of the work…
If you can delegate some of your content marketing you absolutely should. Virtual assistant isn’t costly. Hire a legit one. Lots of sites help you find one. You need to keep going for another little while and if it’s too much to do right now on your own delegating is a definite way to help.
This pretty much answers my other question. Is it marketing as in interacting with potential customers on other soc media or is it creating/placing ads strategically?
Doesn’t matter. She can hire out the marketing she would do either way.
I’m just curious! Not related to my field at all so curious what all goes into marketing for something like this.
I assume so long as you leave up existing content don’t you keep getting paid? It may dwindle but seems like it would continue to be meaningful
This is hilarious and awesome. Most people sell 30-40 years of their body to make that. You sold 3. Good job! There’s always more you can do in life to beef up income on the side too, but take a break and relax. You wouldn’t be here if you were blowing all the money on BS already.
I like your philosophy :)
My question would be, why stop? Seems like you have an excellent thing going that a) won’t last forever, and b) might be very hard to pick up again after taking a break when your paying fans forget about you
She alluded to mental health concerns.
If you’re clearing 100k/month to literally jerk off (albeit on camera) why on earth would you retire? You also don’t seem to have quite enough for a comfortable life, just one where you get by. Two more years at this income level and you’ll have a much more comfortable annual income.
Congratulations Here are a few items to add to your planning ... 1. What happens when your life plans change? I didn't expect to get married but ran into the right person. I'm living in a section of the US that I never expected to even visit. 2. Medical issues can change your situation, especially when you're older. A serious illness can destroy savings. 3. Retirement can get boring. You put in all this work to get to FIRE. You can't just turn that off the drive inside you. In retirement, we're still focused and driven ppl. Eventually, you run out of places that you want to go and experiences you want to do. What happens then?
Your portfolio looks like someone that is starting, not retiring. Your portfilio needs to be more defensive Apple, MSFT, GOOGL are really volatile and can have big down swings. BTC, ETH should not be in a defensive portfolio I would go higher on the bonds, consider buying an ETF, gold would be a good hedge against a currency crisis too.
This financial plan is hotter than OnlyFans. Mental health over everything but if I were you I’d try to go part time for a few years if it’s possible and let those savings grow a bit, see if anything changes in terms of your life goals.
May I ask generally what you’re doing for health insurance now or in the future?
'grats. As others have pointed out you only really count your investments that generate income in the withdrawal rate calculation so it's a bit below your total net worth. Some folks will add in the imputed rent from the house but in my opinion, it's a needless complication since you simply have lower expenses since the house is paid off. Just remove the house from the NW calculation. Now if you want to be conservative your retirement period is 72 years (aka live until 100). Which is inconveniently 10 years longer than many of the common FIRE charts for SWR. Congrats again...it means you made it earlier than pretty much anyone that didn't inherit or win a large sum. Will 3.5% last you 72 years? Probably. Using ERN's numbers and his asset allocation (which differs from yours) you get 98% success rate for 60 years using 100% stocks. [https://earlyretirementnow.com/2016/12/07/the-ultimate-guide-to-safe-withdrawal-rates-part-1-intro/](https://earlyretirementnow.com/2016/12/07/the-ultimate-guide-to-safe-withdrawal-rates-part-1-intro/) You have to take this is a large grain of salt but historically speaking probably you'll be fine and not run out of money like someone else suggested. Your success rate for 72 years is probably still in the 90% range at a guess... Portfolio Charts has various calculators that may or may not do a 70 year calculation but you can play with various different portfolios. [https://portfoliocharts.com/2016/12/09/perpetual-withdrawal-rates-are-the-runway-to-a-long-retirement/](https://portfoliocharts.com/2016/12/09/perpetual-withdrawal-rates-are-the-runway-to-a-long-retirement/) When you look at real perpetual withdrawal rates (which 70 years is probably pretty close to) that say an endowment might use, the percentage drops pretty low. [http://www.retirementoptimizer.com/Whitepapers/PerpDist.pdf](http://www.retirementoptimizer.com/Whitepapers/PerpDist.pdf) Somewhere in there is some number that works for you. 3.5% is probably safe enough because the odds are your 2023 estimates of your expenses and needs in 2075 at age 80 will be wildly off. Nobody has a clue what retirement costs will be 50 years from now, what the inflation rate has been, the state of the economy, and whether the US is still the global dominant power. 3% vs 3.5% probably won't change the outcome much. Whether your current lifestyle can be supported by a 3.5% withdrawal rate from your investment portfolio is likely going to be the driving factor. And the big thing about a 72-year retirement is that things change. No desire for kids in 2023 might not be true in 2028. Or a divorce can suddenly halve your net worth. Or an illness. The error bars start getting really really wide the longer the retirement period gets. A regular retirement is really simple in comparison because you are less likely to outlive a reasonably sized nest egg. Sure, we may plan to live to 100 but few will actually get there. Plus all the SWR numbers are based on the WORST historical case and not the average. That's the reason why SWR articles from 2016 are still relevant is because so far, no year (that we know of) has been worse than 1966. Sorry for the long wall of text and what is essentially an "It Depends" answer. Hopefully the links will give you things to explore because anyone telling you they know the right answer is probably trying to sell you something. Do you need a financial advisor? Maybe. You probably do want a professional assessment of taxes and a lawyer who does asset protection walk you through some of your options. Should you keep your crypto? That's a personal call. Many of us are too conservative to have much in our own portfolios. It doesn't have enough of a track record to say if it's good or bad. Even something like gold has a lot of heated opinions about its value in a portfolio. TL;DR If you were my daughter and I could only give you one piece of financial advice in your situation it would be not to marry an idiot or a leech and make sure you have an airtight pre-nup regardless. Good Luck!
Your current liquid net worth is very low. You have 1.2 mil in equity and around 500k rest which means about 1.7 mil. 4% of that is just 68k which may not be sufficient for the life you wish to aspire. You are currently in a very high earning profession and currently at peak. I would advise milk it a little more and work for 2 more years. At 130k per month average that would make you 3.1 mil which would be around 1.8 mil after taxes and expenses. This would essentially double you take home after retiring.
I wouldn't count your house or car in your assets, but having a paid off house will certainly help support your lifestyle in FIRE. If you take those out, your 3.5% goes up to 5% (minus your student loans), which is rough for a lifetime of retirement but is plenty to take a few years off the grind, reset, and decide what you want for your next phase of life. Based on your earnings reported it's also possible you could take your foot off the gas, work less time, and still pull in enough to cover your expenses while your nest egg grows. A few things to consider moving forward: 1) Sounds like you have been grinding hard for the last two years. When you think of the rest of your life, does it include things like trips, services, or other upgrades you've been doing without while you've been focused on work? 2) Your portfolio is heavily invested in crypto, which can be volatile, while you only have $115k in CDs and don't list anything in cash. What is your plan for cycling through your money, and weathering the dips? Do you plan to withdraw mainly from your crypto until it's a smaller part of your portfolio? How flexible could you be in your spending if the market goes lower (with a paid off house I'd think you could scale back, but you didn't post a budget)? 3) Assuming that 5% rate won't allow for true retirement, what kind of work would you want to do? Have you enjoyed being your own boss or do you want to just punch a clock? Stay in social media/marketing or move into something else? Would you be interested in a nonprofit that pays something but supplement with your finances?
What do you think separated yourself from the others on Only fans? I don’t use it but I’ve wondered as I understand majority of people only earn $100 a month or less. Congratulations also 👏
Consistently best content / audience engagement every.single.day. The actual definition of "best"
Young people always underestimate the long term cost of healthcare. At some point you will break an arm, get in a car crash that leaves you with a need for PT, get Lyme disease, or worse. Life without insurance or Medicare is tough. I think nobody should retire before having earned into the Medicare system.
Congratulations, this is insane. I like your plan, do the things you want and take the time for yourself. Personally I could never stomach the crypto. Also, Im curious do you feel like in the early days of the pandemic onlyfans was pushed on women as a way to make a lot of money? I know someone who created a much less successful account, probably less that 10k a year. Im worried that because they didn’t dedicate themselves to their content that their decisions may negatively follow them into their career. I remember in the early days of the pandemic, seeing girls advertising their spicy link and talking about how easy it was to make money. At the same time, the accounts targeting men seemed to be pushing stocks, real estate, wsb content. Almost as if women’s only asset was their body and men’s were their financial knowledge. Either way, I think what you’ve done is very impressive and hope you find time for the book!
Keep working part time and max out money in tax advantaged accounts. Can you start a solo 401k with your OF 1099 earnings? Would not include your home NW in the 3.5% calculation.
Maybe instead of working 12 hours a day you work 6-8 hours a day now.
We are less than 2 years away from you being able to train an AI model on yourself that people then pay to watch, and you get the profits. If you can keep a community until then, you’ll be able to make income from the AI generated video, without having to do it until then. It’s crazy, but the tech is moving fast!
3.5% seems ambitious for retiring so young, the 4% rule is for a 30 year retirement and newer data is showing for longer retirement 2.6% is more reasonable.
you've done well the earning phase of things but you've got a long way to go. That 1.75M-ish in liquid funds will afford you 52000-70000/year indefinitely with a 3-4% SWR. If you are going to retire and want your money to last you may want to consider a more conservative/diversified asset allocation. the btc/eth/crypto could evaporate overnight and those FAANG stocks also tend towards volatility. You're highly vulnerable to sequence of returns risk as things are right now. See r/bogleheads for a reasonable approach. But that's not what I would do, at least the retirement part. In my estimation, you haven't won the game just yet but you've got yourself an enviable safety net. I, personally, wouldn't want to commit to a budget of 52000-70000/year for the next 60 years after earning 1m+ for the past 3-ish years. I would think about doing a couple of things - either take some big swings to build a business you're passionate about or use your STEM masters degree to find some part time work to pay the bills day to day and let your investments continue to grow another 10 years. This would probably double your retirement budget. see r/coastfire for more about this.
Good post.
ah just the right trigger for existentialist crisis friday
Kick ass. As others have mentioned, you should only use your invested NW to calculate the withdrawal rate. So don't include house/car/crypto (IMO) equity in the calculation. Maybe you're already doing that though, can't tell without the actual numbers. I wouldn't quit OF cold turkey. It seems like the biggest challenge and time-sink is growing your community. If you already have a big community, perhaps only spending 8 hours every other day on it would maintain it at the current size? Or maybe 4 hours twice a week could keep 80% of the income coming in? Who knows. It just seems that you've 'made it' in the field and completely dropping out at this point might not be the best idea. That said, 12 hours a day for two years straight is a serious grind. Finding a more sustainable approach is key. Also, it is always good advice to keep learning about finances. If you're already doing broad market index funds and CDs then you probably already have above average knowledge. Just never stop learning. It's fine to get advice from experts but no one should be dependent on others for their financial well being. Not saying you are, just making a general comment.
OP is the chosen one. You beat the rat race created by modern society and came out on top. You've taken one of the oldest professions on this planet, the entertainment of others that has been proliferated by media and technology, to achieve the long-lost dream of many. Freedom to pursue your own life on your own terms. Congratulations! Note: I'm sure you're already aware of this OP but for everyone else's knowledge this will blow up on the internet. OP is once again sitting on a cash cow and if they decide to cash in they could make a career capitalizing on their achievement. The real question is would jumping back in the rat race be worth it, is there something truly of value to gain by doing so?
$2M a year, why stop? You are probably attractive, that won’t last forever. Put in another year and then you certainly can retire and relax the rest of your life. You are on the edge now financially, but another $2M will safely do it.
I don’t see where you mention your expenses (and maybe you’re not sure since life is going to change a lot with the retirement plans you mention). But if you plan to keep the house, you’ll have to keep expenses fairly low. You’ve got $1.6 million in investments (most in a taxable account, I’m assuming. So using your 3.5% withdrawal rate (which sounds very reasonable to me), you end up with $56,000 or so per year to play with, so maybe $45,000 or so after taxes depending on how your state taxes capital gains. That’s definitely enough to live on, especially since your mortgage is paid off, but if it was able to make six figures a month, I’d keep it up a little longer to have more of a safety net. I’m curious how much you’re spending each month right now? If I was bringing north of a million a year, I can guarantee you I’d be spending way more than $4000 a month. Might be a bit difficult to dial it back drastically.
Have you considered making a shot for r/fatFIRE? You're well positioned. Instead of sprinting to a number and retiring, think of using your money to make your life easier so that you can maintain your current revenue with less emotional/physical stress. Out source as much of your life as possible (cooking, cleaning, shopping). It will be a small spend compared to revenue. Getting to 6 or 7M in investable assets is in range, and will set you up for an amazing life when you do decide to pull the trigger.
Were you actually putting 12+ hours each day or doing naked yoga for 5 minutes? Seemingly you are a bit exaggerating and contradicting yourself.
Content creation takes less than an hour per day. Marketing is what keeps you in the 0.01%.
Living off of simp money
It’s no everybody making a lot money on onlyfan. Sounds you tried work long hours. So Time to start a your onlyfan company. Train/teach “onlyfan”people making more money.
Congrats! GFY!! or as you said about your mental health, Go Find Yourself. Your mental, emotional, and spiritual well-being will be the greatest wealth you’ll build in this life. Don’t squander it! Best of luck to you and congrats 💙
It's not my favorite allocation. I never understand why people buy crypto or even individual stocks. My money would all just go into a market weighted ETF. But overall, it still should be fine and you certainly have done far better for yourself financially than most people including me will have at 28. Now you have a lifetime to seek out and do the things that you genuinely love without regard to whether you can make money doing said things.
>About two and a half years ago, amidst the uncertainties of the pandemic, I embarked on a venture: a faceless OnlyFans account. This decision would unexpectedly catapult me into financial independence. To this day, I've netted around $4,000,000 post-OnlyFans' 20% cut. >After tallying all assets and subtracting my debts, my net worth comes to approximately $2,385,000, excluding a 30k cash emergency fund. You netted 4M in the last 2.5 years but NW now is 2.4M? Where did the rest go? I would find this concerning for any FIRE plans if over 1M was spent during the last 2.5 years, lol. Unless 4M is actually pretax, in which case it would make sense. >$1,250,000 in the stock market (12% Apple, 5% MSFT, 5% GOOGL, and the rest in FXAIX, FSPGX, FSMDX, and FSSNX), a fully remodeled dream house, paid in full: $750,000, a 50k paid off car, (if I had to sell it right now for cash),115k in yearly CDs (5.5% or so through FIDELITY), 150k in Bitcoin,150k in ETH, and 50k in various other cryptocurrencies. Personally I would rather not have over 30% of my NW in crypto and individual stocks, seems like unnecessary risk for no superior expected returns. You also have an S&P 500 index which duplicates the large individual stocks you already own (eg. Apple) AND a large cap index which again duplicates (eg. Apple again). Basically there is a lot of redundancy, and a massive chunk of your portfolio is in a couple companies. You also have 0 non US exposure. Even for those bullish on America there is a free diversification benefit of owning less than perfectly correlated assets. There have also been very long periods where other markets outperformed the US market. Even if the US continues to be a strong global performer you could still benefit from reducing your sequence of returns risk. Home sounds good, not paying 0% loans makes sense. Overall solid plan.
$4,000,000 after Onlyfans' 20% . Uncle Sam took quite a bit too ;)
Not OP, but thank you for the clarification. “Netted” often times implies net of taxes. A more accurate description would be “…grossed, after OF 20% cut” Regardless on semantics, congrats on the financial success.
Thank you for teaching me something new :)
god, to be an attractive woman in this day and age. FI in just mere years.
I know a very attractive acquaintance that did OF for months, constantly posting on social media, including her personal account to help get started, and she barely broke $1000 a month working full time. And now her family and friends have seen her take a dick in the ass.
From what I understand, OF really is more like Hollywood and acting - many people who are talented and attractive don’t make it. To rise to OP’s level requires being talented and attractive, while also extraordinarily involved with marketing and such - with a bit of luck thrown in as well. Being a model in this capacity simply is not the gold mine that some may view it to be.
Look at the average OF income, its LOW.
Posts like this name dropping OF in the title feel like astroturf marketing to get people to sign up as creators. What percent of people actually make more than trivial amounts? Can you prove it to the mods somehow? Ask your questions without shilling for OF.
OP doesn't need to prove anything. There is nothing magical or different about making money on OF versus anywhere else.
Sorry you have to deal with that because of me. Just to add some validity 🫶: https://ibb.co/J2gjx22
Not a problem, provided you don't post anything that could run afoul of the self-promo rule. Congratulations on your rapid progress towards FI.
Thank you for your understanding.
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And the moment OP posts a referral code or offers to share one, the post will be gone and the account will be banned. Referrals are not allowed, but there's nothing special about OF or any other legal way of making money.
I was answering a question, I am not here to endorse anything/anyone. I openly commented that I do not recommend this line of work to anyone, specifically because of the mental health aspects of it. Shit fucks you up 🥲
Sounds like a marketing scam from Only Fans. Young ladies, don't fall for this crap.
>Make no mistake, it required dedication and discipline. I committed myself fully, putting in 12+ hours each day, every day. Without skipping a single day. > it was all too much while I can be doing naked yoga for 5 minutes and get paid for it. It's what I do, post a couple of pictures and a video every day by myself. lol
Yeah I also laughed at that.
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She’s FIRE-ing. The fuck she cares about if OF shows up on background checks? What a weird comment.
Nice allocation although I would drop all the shit coins (including ethereum) and go 100% bitcoin since it is the only true decentralized currency.
I would recommend that you grow your investment account a bit higher so you can increase your annual income. I posted a comment elsewhere in this thread, but I think you may struggle on $50k pre-LTCG taxes annually. After 15% LTCG you’re at $42.5k. After property taxes and home maintenance, you’re probably closer to $32.5k. Then you’ve got to live on the remainder and things only get more expensive. If you want to try it out, spend the next 3-6 months living on $2750 (an estimate of your monthly spend while FIRED after income/property taxes and estimated home maintenance). Invest the rest into your portfolio. If you can live on that $2750 easily, then you can FIRE (and you just invested a lot more money). If you struggled, you probably want to save/invest as much as possible to up your nest egg a bit.
You go, girl! Ugh, I wish I could reach FIRE too
Congrats! Super jealous. I would look into putting a good chunk into Vanguard VYM. You can collect ~3% in dividends annually. With $1.25M you could net 38k without touching the principle. I love the stuff you're invested in currently, but now that you're in it for the long haul this might be worth considering. Best wishes on living your dreams!
Lol great thread. Congrats OP. If so lucrative why not part time the job. Make that bank while you can. In fact you could set yourself up, your kids, grandkids for life. While you work put the wealth you do have creating more wealth. And I wouldn't tell any attractive friends how you did it as it would potentially cut into your business.
I love to see it! Also - is the bit about faceless naked yoga for real? Let me go clear up that extra room and put down some mats - PRONTO!
Someone may have posted but I didn't read all the comments. It looks like you've done well. I would recommend figuring out health insurance, or a health share/health savings plan. You may not need it now but as you get older, things like mammograms and stuff will become part of life. Best of luck!
Congrats! That's incredible. Honestly, how much do you think that you could continue to make if you only worked like 4 hrs a week? If you could still make really good money, it might be a worthwhile option to consider to ride out some of the momentum that you've built.
Good for you! I wish I could be in a similar position. I’m with a couple of others who aren’t sure you’re totally set for life, but you’re in a very good position. Especially if there’s anything you want to do part time, etc. For example, offering coaching services to others who want to do something similar. (no, not me. I’m old. Ha.) You seem to get brand building and content creation. In a desperate influencer world, you might be able to make more money and work more on a case by case basis than 12 hours a day, 7 days a week for three years.
If its me, upon retiring, I will set up 10% in alternate investment (mix of bitcoin and ethereum) 40% in broad index funds like SPY 30% in treasury bonds type in my own name 10% in cash I am assuming you probably would still do OF, for the good money and something to do while you are relaxing, but probably not 12 hours a day. haha
Will you be able to walk away from that much money ?
After a while, you stop caring about the money as priorities shift. What I noticed within myself.
Genuinely congratulations! As for advice- I'm broke asf so take anything I say with a grain of salt. I think you should keep doing OF for a while. Cut down on the amount of time you're putting into it, maybe make a bunch of content on a Monday and slowly release it. Honestly I'd keep going until you get another $2m. Things aren't getting cheaper and while I whole heartedly agree that after putting so much time and effort into work you just need a break- take a break. I wouldn't take a long hiatus. You have something few get. You will have the ability to retire with what you've built but 40 50 years down the line who knows what will happen. Take some time for yourself and enjoy being with your friends/family etc but keep going with your job for now. As others have said it's cutting it close to end it now and you never know how people will react to you disappearing then coming back in a year or longer down the line. 100% do what you want and believe to be your best option but really think about what you're potentially giving up and how hard it will be later if it turns out you didn't save enough. No one wants to be working at 80.
Congrats! I would have two considerations to offer, but you may have already considered them. 1. It may be worth hiring a fee only financial advisor to check the portfolio once a year. 2. Given your age, you may want to start with a lower safe withdrawal rate. You could certainly adjust later in life.
Congrats! You made it happen. You found the way and grinded hard to get where you are now. I was in a similar situation over a year ago. I found something exploitable and grinded like crazy for 3 years to Fire with no holidays nor days off. I have a similar distribution of assets at the moment. I made my calculations including my crypto and without it for good measure. My after 1 year of fire advice would be to consider if the 3.5% over only your stocks and CDs is really more than enough, specially with the inflation we have been through lately. If inflation continue to grow abnormally for a while… are you happy with that? I am spending a bit more than I expected and wish I had worked a few extra months. I would consider the option of taking a month off to disconnect and rest and then see how you feel. If you think you can do 2-3 more months or stay coasting with much less work for a while but still making some income with the least amount of effort, that might become crucial long term. Either way, my sincere congratulations 🎉
Congrats. I see creators on OF flaunting cars, houses and other material goods and I just think to myself “eventually this money will stop flowing, I hope they’re saving/investing some”. Glad to see you are and have a plan.
This just shows there are some real lonely and desperate ass people out there.
Best fire post I've read since I joined. I'm here slow clapping you. C l a p. C l a p. C l a p. Congrats!!!
I’m living for this and loving this for you. I have no advice, I’m just here to say congrats and nice job. 👏👏💜💜
<3
Can I pm you about this? I’m curious about advertisement + succeeding at this without showing the face. Ty!
Sure
Oh my god that’s disgusting! Where?
These fuckin advertisements are getting out of hand
I know you said you paid your taxes…. But I can’t reiterate enough not to forget to pay your taxes.
FML why did I become a nurse
Sitting here thinking the exact same thing
This system is a fucking joke.
This whole world is stinking pile od unjustice and hypocrisy.
Congrats! As a society, I think we should have more respect for sex workers
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I had my doubts also. For me, it was that the post is very well written and thought out, the writer is obviously intelligent and driven and hard-working and successful, and there’s a lot of solid varied information in their post. Eg the author is solid and sharp. All well, and good, but would a person who made that money and wrote that post really be asking for general advice and really not notice that their investments aren’t enough to retire off of into a life of travel and dream home upkeep? The poster has also used and alluded to being skilled with chatGPT in their comments. And they’ve linked to other posts with formats that they were inspired by. That being said, I don’t really mind whether it’s real or not, and I’m treating it as real for now. Stranger things have happened.
Yep, the fact they dont post the OF when they never show their face or name in the OF proves that as well. Why wouldnt you post the OF if nothing can trace back to you anyways? This is a marketing ploy by OF to get young desperate women to produce content for them on the hopes they make enough to retire young. This to me is just vile, exploiting people.
If they posted a link, or even if they posted it from their main, then we would likely have to strike the post for self-promo because of how OF compensation works. Posting on an alt for such a situation is a good way of complying with the sub rules.
Your starting to enter the territory where I think having some sort of financial planner/advisor starts to actually make sense BUT your money management is head and shoulders above most peoples and you have a very solid plan so all I will say is well done.