The back door of the

[curtis20009]

The back door of the American dream! Making yourself rich while escorting.

 

A few months ago I hired a very successful escort who was "secretly hoping for Mitt Romney to win the elections..." Why? 15 or maybe 0% dividend taxes, the possibility of bringing his hard earn cash stored in the Cayman Island after taking it out the country with US Post office money orders, etc.

 

I know so many escorts who retired with nothing. The last one was "Spike" from the good ole 90's Falcon porn, after Ricardo from Chelsea guys dumped him.

 

Going through this "easy difficult life", and not even owning a home when you are done.

 

What's about the do's and don'ts of this profession, no matter how much money an escorts makes, why such a difference between guys who save it, invest it and those who spend it in clothe and drugs?

 

Is it a matter of "rich dad, poor dad", are determined to handle easy money according to our parent's home stability.

[JT Brooklyn]

IMHO... Many if not most of the "Working Guys" are In and Out of the Profession at a reasonably Early Age with the rest of their Lives ahead of them with Income from other sources. I have known many who moved on when the "Easy Money Fantasy" finally wore off! Those that donot have a backup plan when the "Good Life and Good Income" are over will just join others in Life who have no interest in Saving for the Future. This is not just a Working Guy Situation!

[Kevin Slater]

I don't think it's different from any other profession; some do well and save, others don't. I'm always dismayed when someone gets out of his twenties with no savings, only memories of having been in the front row of the Cher concert in Majorca.

 

Kevin Slater

[robberbaron4u]

As by a prior advisement, my godson, had his "season" at Fort Lauderdale, and, he banked $100,000, more or less; he promptly paid $40,000 for an expensive automobile, and, the balance financed his sexual obsession with a barely legal Hispanic girl who was far smarter than he went it came to making money. That was some twelve years ago; he is now 42, carrying a little weight and looking a tad haggard. The man is, more often than not unemployed and on the brink of eviction from his apartment, plying his trade in backpages.com classified section. Sadly, I consider him to be the rule and not the exception among aging escorts. Of course, there are exceptions. . .

[Frequentflier]

A few months ago I hired a very successful escort who was "secretly hoping for Mitt Romney to win the elections..." Why? 15 or maybe 0% dividend taxes, the possibility of bringing his hard earn cash stored in the Cayman Island after taking it out the country with US Post office money orders, etc.

 

I know so many escorts who retired with nothing. The last one was "Spike" from the good ole 90's Falcon porn, after Ricardo from Chelsea guys dumped him.

 

Going through this "easy difficult life", and not even owning a home when you are done.

 

What's about the do's and don'ts of this profession, no matter how much money an escorts makes, why such a difference between guys who save it, invest it and those who spend it in clothe and drugs?

 

Is it a matter of "rich dad, poor dad", are determined to handle easy money according to our parent's home stability.

 

There's so much wrong about a "male escort" "secretly hoping for Mitt Romney to win the election", him being a tax evader (he apparently likes living in the US but isn't so interested in paying what he should for the benefits and can you say "tax evasion felony" and I'd be popular in prison), it apparently not being a problem for him to confess to others his illegal economics and the assumption that when he brings money back which will earn dividends (he'll need to supply a social security number) that no IRS computer will pop out his case for review. But he's not alone. If we didn't have the IRS and relied only on voluntary compliance there would likely be a lot less tax revenue. I'd like to think I'd pay the full tax amount but for as long as I've been paying taxes its always an envelope from the IRS in my mailbox that gets my heart rate higher.

 

Now that I've gotten that off my chest I think you have a good question. I don't think either the US Government, all parents (some do) or even say high schools do an adequate job of teaching young people the value and necessity of saving at least something and which expenses to prioritize. I've seen some companies come close by bringing in their 401 K vendor but even they only talk about retirement. Start saving for retirement as soon as you have revenue (after XX number of months cash reserve in case you lose your job, need a new roof, etc), buy health insurance or make sure you think of that when choosing which employer to work for (easy to shop for insurance on the internet and surprising how reasonable health and perhaps dental can be) and whatever amount you think you need to save - add 10 or more percent. A question for you - do you think with all the talk about trimming Medicare and Social Security benefits that people are more concerned about whether they have enough for their retirement and likely spending less shopping, traveling, on toys, etc? I know people who have kids and don't put anything away for their college until its way too late and similarly for retirement. If there's two expenditures (in my opinion anyway) its about impossible to "pay as you go", its college and retirement and retirement health insurance co-pay.

[Frequentflier]

As by a prior advisement, my godson, had his "season" at Fort Lauderdale, and, he banked $100,000, more or less; he promptly paid $40,000 for an expensive automobile, and, the balance financed his sexual obsession with a barely legal Hispanic girl who was far smarter than he went it came to making money. That was some twelve years ago; he is now 42, carrying a little weight and looking a tad haggard. The man is, more often than not unemployed and on the brink of eviction from his apartment, plying his trade in backpages.com classified section. Sadly, I consider him to be the rule and not the exception among aging escorts. Of course, there are exceptions. . .

 

This is sad. I have children and godchildren so I can imagine its hard for you to see your godson in this situation. For two of them I've set up trusts because I think it's in their best interests - homes, food and health insurance paid by the trustees first. They get some principle when they are 50 (past the time I hope when they would spend a chunk of cash foolishly). The trusts never pay out 100% so in like a million years there could be a boatload there I did this because next to health concerns, at least for me, worrying about money is the worst. I had a point of time in life where I had zero and really didn't like it. I know some people don't stress about money as much as I would and maybe they'll live longer than me.

[+ azdr0710]

only memories of having been in the front row of the Cher concert in Majorca.

Kevin Slater

 

always a great wit, Kevin.....your posts are always very savvy and intelligent

[curtis20009]

There's so much wrong about a "male escort" "secretly hoping for Mitt Romney to win the election", him being a tax evader (he apparently likes living in the US but isn't so interested in paying what he should for the benefits and can you say "tax evasion felony" and I'd be popular in prison), it apparently not being a problem for him to confess to others his illegal economics and the assumption that when he brings money back which will earn dividends (he'll need to supply a social security number) that no IRS computer will pop out his case for review. But he's not alone. If we didn't have the IRS and relied only on voluntary compliance there would likely be a lot less tax revenue. I'd like to think I'd pay the full tax amount but for as long as I've been paying taxes its always an envelope from the IRS in my mailbox that gets my heart rate higher.QUOTE]

 

Btw, this escort was born and raised in a red State.

 

He got the idea of the money orders from other escorts who do the same. They take money out of the country and deposit the money orders in one of those British dependencies were banking and beaches are the only reason to visit. No Social Security required, just an ID.

 

Paypal used to be a way to store money, now they require a social...

 

Btw many working boys on here who were born outside the US open accounts in the USA just with the passport of their country of birth and a driver's license, they simply say they don't have a social and the IRS can't make the connection. Brazilians and Hispanics have 2 last names, not one, and a middle name. They could get very creative about how to write their names...

 

I think escorts born outside the US are more likely to save their money, they don't have a sense of "entitlement" toward our standard of life that some unfortunately some Americans have.

[Xander]

I keep getting annoyed by hearing everyone (literally EVERYONE) telling me to save. By the time I save up a couple grand some emergency happens, or a new semester happens, or *some* bullshit happens (rent increase of 50%, being the latest) and there it goes again. If I weren't in college, saving would be a lot easier I reckon.

 

But then again ... I won't be at this too much longer. Who knows, maybe I'll be on the hiring side sooner than I think...

 

or two of them I've set up trusts because I think it's in their best interests

I'm very sure they'll appreciate that. Well, maybe they won't -- it seems to be the norm now days for kids to expect the white collar life to be lined up for them (it is for everyone else I go to school with). They may just take it for granted, and stress out on facebook status updates rather than money

 

Xander

[Irtwo]

They take money out of the country and deposit the money orders in one of those British dependencies were banking and beaches are the only reason to visit.

 

For what purpose? They risk jail time for tax evasion just to put cash in a bank where they earn zero interest? Why not just keep the cash under their mattress. Many of those foreign banks, Cayman or otherwise, will (or may start to at any time) report their US account holders to the IRS.

[curtis20009]

For what purpose? They risk jail time for tax evasion just to put cash in a bank where they earn zero interest? Why not just keep the cash under their mattress. Many of those foreign banks, Cayman or otherwise, will (or may start to at any time) report their US account holders to the IRS.

 

No, they don't report if you keep a low profile.

 

Money under the mattress could be stolen.

 

People commit crimes because they think they could getaway with it. "I'm sorry I got caught, not I'm sorry I did it".

 

Anyways, I started the thread wondering why so many escorts retire with nothing and others (a minority) with or without a "sugar daddy" buy a house or even better invest their money?

[Edward]

Xander, you are investing in an education. Which is a form of savings. Dont stress for now. For the rest of you, financial security is obtainable. Save ten percent of everything you make. Investing in a non-depreciable asset (a home/real estate) is also considered savings. If you start saving when you first start earning income it will be amazing what you will have accumulated when you reach retirement.

[Frequentflier]

I keep getting annoyed by hearing everyone (literally EVERYONE) telling me to save. By the time I save up a couple grand some emergency happens, or a new semester happens, or *some* bullshit happens (rent increase of 50%, being the latest) and there it goes again. If I weren't in college, saving would be a lot easier I reckon.

 

But then again ... I won't be at this too much longer. Who knows, maybe I'll be on the hiring side sooner than I think...

 

 

I'm very sure they'll appreciate that. Well, maybe they won't -- it seems to be the norm now days for kids to expect the white collar life to be lined up for them (it is for everyone else I go to school with). They may just take it for granted, and stress out on facebook status updates rather than money

 

Xander

 

I'm glad to hear from someone young and the "reality" of what people your age have to deal with. A question - is it not possible to rent an apartment or house with a lease that has reasonable increases at the end of each term (stated percentage or published cost of living, etc)? And sorry if I added any tension by the whole "saving" matter I brought up. I'll agree that its easier for guys like me with revenue, no college, no debt, etc to tell people to "save".

[pittstudforyou]

Gold used to be a great investment, is easier to store and to carry with you.

 

Now I think it's too expensive and it won't go up much. Besides when you sell more then 1,000 in gold you have to show your ID and pay taxes on it.

[robberbaron4u]

As more than one Middle Eastern dictator has discovered to his dismay, toting a ton of gold bricks toward the border is a difficult thing. . .

[robberbaron4u]

Xander, Xander, Xander. . .a "gloom and doom" outlook from such a handsome and charming young man as you is disheartening. Nonetheless, the advisement given to me many years ago, "Save your nickels, sonny, and you will be popular in your old age.", has proven factual. . .

[Guest boiworship08]

I know one low-key but very successful guy in SoCal who not only financed a UC education but also an MBA from a prestigious school. Prudence, indeed.