This discussion revolves around planning an exit strategy from camming, focusing on financial goals and investments. Participants share their experiences and strategies:
- Long-term Financial Goals: Many aim for substantial savings before retiring from the industry, with targets ranging from $1-5 million. The emphasis is on investing earnings to reach these goals within a specific timeline.
- Investment Strategies: Members discuss diversifying investments, including traditional stocks and high-risk options like cryptocurrency. The importance of saving and investing wisely is highlighted as crucial for future security.
- Balancing Life and Savings: While some members focus heavily on saving, they also stress the importance of enjoying life and maintaining a balance between financial planning and personal happiness.
- Challenges and Realities: Contributors note the financial challenges they face, like taxes and platform fees, which can impact how much they ultimately save. Despite these hurdles, they remain optimistic about their long-term financial plans.
- Alternative Ventures: Some are investing in "vanilla" businesses as a part of their exit strategy, like running a lingerie shop or a salon, to provide additional income streams.
- Community Support: The thread reflects a supportive community, with members sharing insights and encouraging each other in their financial and career planning.
Overall, the conversation underscores the importance of financial foresight and planning for a future beyond camming, with a focus on achieving financial independence and peace of mind.