Where do full time escorts put their money?

[dognutz]

I've heard banks will report large regular cash deposits to the cra. Some full timers must haul some pretty good cash. Some Asians work 6 days a week for years. If they were trafficked I don't think they'd stay for years.

Just wondering out loud.

 

[Olololo]

Nice try CRA

 

[Indiana]

Under their mattress.
Literally.

 

[jalimon]

Only a few escort do this on the long run and actually makes big saving from it.

The majority are short term quick cash grabbing. Which is fine.

 

[Fulldeck]

What do people do with their money in any chosen profession? It varies. Some live by cheek and jowl while others use the opportunity to pay for higher education. Some are big spenders while others are frugal and save for a rainy day. Recently one of my ATF's announced on Twitter that she is now a homeowner which I think is fabulous news so it all depends on one's priorities.

Fd

 

[johnd5050]

Easy come easy go.
Spend on lavish items and vacations for themselves
Hoping the cash flow will continue forever

 

[dognutz]

What do people do with their money in any chosen profession? It varies. Some live by cheek and jowl while others use the opportunity to pay for higher education. Some are big spenders while others are frugal and save for a rainy day. Recently one of my ATF's announced on Twitter that she is now a homeowner which I think is fabulous news so it all depends on one's priorities.

Fd

I think you misunderstood, having large sums of cash can be nerve-wracking and not always easy to dispose of. Especially now when cash is rarely used. I go months with cash in my wallet.

 

[richaceg]

If you look at twitter...most ladies spend it on lingerie clothes, pets and probably pay mortgage on condos or house....some of those are of course also coming from regulars in the form of gifts etc etc...I remember seeing an SP that has a drawer full of gift cards, you name it she has it...like Sephora, Amazon, Victori Secret, Starbucks, Tims, Indigo etc etc....

 

[trippingwalker]

Safety deposit boxes. You’re not supposed to stash cash in safety deposit boxes but it’s crazy how many people actually do stash cash in safety deposit boxes.

 

[Doctor Zoidburg]

I know one massage lady that offered massage at a slightly better rate than other ladies, her service was also slightly better than other ladies without resorting to things outside of massage. She was no stunner, maybe a lady you would pass by at the Metro Grocery store and not even notice. Because her service was better than most she had at least 5-6 appointments every day and many return clients. Some greedy, grabby ladies would get new ones all the time but few if any returns. This lady bought a small apartment building with 6 apartments. She lived in one and got rent from the others. My guess is that she declared less on her massage earnings and took deductions on her property. She even paid her daughter to clean the entry and clear the snow at the entry. She now has a 2 million $ paid off building that she is collecting rent on.

I heard of a lady that worked many years at a massage salon that offered deluxe service. She built up bags of cash that she had stashed in a closet. One day someone broke into her apartment grabbed a few valuable and the bag of cash.

 

[LC18]

Safety deposit boxes. You’re not supposed to stash cash in safety deposit boxes but it’s crazy how many people actually do stash cash in safety deposit boxes.

Did you say safety deposit boxes?

 

[RunSpotRun]

I was at a precious metal dealer in North York last month and saw a woman buying 1oz Gold Maple Leaf coins in cash - untraceable, liquid anywhere in the world and no paperwork with smallish quantities.

 

[oreocook11]

Escorts don't make that much money anymore. It seems like they do because of rates and initial surge in interest (new on market) but that drops pretty fast. Agencies call it the "New girl rush".

Most can't survive in this profession very long. The work is dirty and not sustainable. 5-7 days out of month, can't even work. Those who do it are doing it for extra cash, not full time. However, lately, even that isn't that lucrative anymore. This is why you don't see young, hot, escorts/strippers anymore compared to 5 years ago. Might as well get that extra cash from parents (parents became rich AF last 3 years - property values). Using HELOC for extra cash is better than daughter hooking up with random ugly guys.

The real money makers are the agencies. Ask what they do with the cash. Probably buy condos for incalls.

 

[LC18]

Escorts don't make that much money anymore. It seems like they do because of rates and initial surge in interest (new on market) but that drops pretty fast. Agencies call it the "New girl rush".

Most can't survive in this profession very long. The work is dirty and not sustainable. 5-7 days out of month, can't even work. Those who do it are doing it for extra cash, not full time. However, lately, even that isn't that lucrative anymore. This is why you don't see young, hot, escorts/strippers anymore compared to 5 years ago. Might as well get that extra cash from parents (parents became rich AF last 3 years - property values). Using HELOC for extra cash is better than daughter hooking up with random ugly guys.

The real money makers are the agencies. Ask what they do with the cash. Probably buy condos for incalls.

Who told you that?

 

[dognutz]

Escorts don't make that much money anymore. It seems like they do because of rates and initial surge in interest (new on market) but that drops pretty fast. Agencies call it the "New girl rush".

Most can't survive in this profession very long. The work is dirty and not sustainable. 5-7 days out of month, can't even work. Those who do it are doing it for extra cash, not full time. However, lately, even that isn't that lucrative anymore. This is why you don't see young, hot, escorts/strippers anymore compared to 5 years ago. Might as well get that extra cash from parents (parents became rich AF last 3 years - property values). Using HELOC for extra cash is better than daughter hooking up with random ugly guys.

The real money makers are the agencies. Ask what they do with the cash. Probably buy condos for incalls.

Ok lol, girls fuck fat old guys for little profit. Maybe only fans helps but how many can make money on only fans with so many doing it? Do girls who rent hotels pay in cash or card so as not to raise suspicion at the front desk. If an sp rents a hotel room I have a hard time believing she wouldn't see at least 5 clients per stay. Asian agencies are mostly 220 half hour now, I'm sure they charge that because they can.

I'm sure many full timers are making 1g a day in cash, hard to spend that every day unless they're junkies. I guess having accounts at every bank would help.

 

[stinkynuts]

This is a must-watch video:

 

[bazokajoe]

I've heard banks will report large regular cash deposits to the cra. Some full timers must haul some pretty good cash. Some Asians work 6 days a week for years. If they were trafficked I don't think they'd stay for years.

Just wondering out loud.

You planning to rob 1 of them?

 

[Jenesis]

I've heard banks will report large regular cash deposits to the cra. Some full timers must haul some pretty good cash. Some Asians work 6 days a week for years. If they were trafficked I don't think they'd stay for years.

Just wondering out loud.

When reporting escort income, you don’t have to hide it, so I can’t answer your question. I do a weekly deposit which varies in amounts. I have not had an issue. I’m not putting over 10K at a time though either.

 

[John_Jacob]

Escorts don't make that much money anymore..,...

Source? Reference? I'm curious how you got to this (so far) opinion.

 

[John_Jacob]

This assumes that Escorts don't report their income to the CRA. Maybe not all of it but I suspect many do at a similar level to waiters/waitresses.

My guess is that the smarter (of those who's job it is, not the I-need-spending-money-ones) ones do. CERB is a VERY good example of the benefits of claiming income. Pension plan and other government benefits are available if one claims as income. RRSPs. Loans might be required in the future which requires you to show good income over a period of time. No doubt there is a magic breakpoint where past that, it doesn't make economic sense but I don't know where that is.

If you get audited by the CRA, ALL your records are open, including deposits in all amounts so the debate about small versus large deposits is pointless - in this case - if you submit taxes of any kind.