What about your club closing? Is there somewhere else you would work in the meantime or would you just stop being an exotic dancer? Pregnancy happens. Roommates are flaky, and don’t pay rent and you have to kick them out. Maybe you are the flaky one and you get kicked out. Where will you stay and will you be able to get to your club easily.

These are real life scenarios that dancers simply don’t think about until it’s too late.

I see too many dancers living in hotels all alone or with controlling boyfriends who spend their money. Some girls still haven’t purchased cars yet and spend thousands a year taking a taxi to and from work.

It’s not about saving up money or making sure you have health insurance or good roommates. It’s planning ahead of time what your next move will be to make you feel secure in case there is an emergency.

If you get fired from your club or arrested, ticketed and fined – yes that is an emergency.

Defining Financial Crisis – In my mind and some may differ, a financial crisis it is zero cash flow. You could be in black (debt free) but there is no money to be made. Your bills don’t stop occurring and you have no way of paying them. That is a financial crisis. You don’t necessarily need a savings cushion as long as you have money coming in.

Savings & Investments – If you read my post Get a Fucking Lawyer you see that you do need some type of savings plan. As strippers we’re on our own most of the time. Don’t depend on your club or boyfriend to help you financially. That is what being a stripper is all about, BEING INDEPENDENT AND HAVING YOUR OWN MONEY.

Save 10% of what you make and put it in an ING account or if you’re comfortable invest it in stocks. Online accounts are the best and even recommended by financial consultants as an inexpensive way to buy and sell on the NASDAQ and NYSE. For years I have invested in gold, silver, Google, and other assorted tech stocks and my friends companies. Generally your return is much higher than any interest rate you’ll get from a savings account. If you don’t feel comfortable about stocks get the ING account at the very least. Both are easy to access when you need the funds.

Business & Education – Your second choice would be to sink 10% back into a business you own your or education. Your business will make money or your education will make you money at some point. Cash flow and student loan money are easily accessible in a financial crisis. Yes use your student money if you have to, just pay yourself back or make larger payments for awhile. The interest rate on students loans is very low. Just make sure you don’t use that money to go shopping or anything.

Money Coming In – (to be continued…)