With the advent of OnlyFans, I’ve found myself trying to make my earnings last as long as possible. You know the dilemma well and the questions that ensue: How can I make more money? Should I be stocking everything away? Is this enough to secure my future?
When I asked myself those things, I found the crux of my anxiety stemmed from the uncertainty that surrounds the OnlyFans lifestyle. We get a bad rap as spendthrifts, but, truly, we’re making money just like everyone else who has a nine-to-five or a part-time gig. And a small percentage of us blow through it the way the press depicts us. We pay our fair share of taxes for the money we make, and there’s no shame in trying to further what’s left with a little help from these three money-making apps every OnlyFans model should be utilizing to secure their futures in a post-OnlyFans world.
Robinhood
I stumbled upon Robinhood when everyone else did… after the crazy run on stocks that took place during the pandemic. After years of being scolded for not stashing away, I decided to take a portion of my earnings and invest. Simply making an account gets you a free stock, so there’s no pressure to buy right away if you want to take some time to research where to put your money. There are plenty of companies that pay dividends on stocks (a quarterly payout that goes back to you based on the number of shares you hold). I’m no expert, but I found it to be a fairly safe way to guarantee a return on investment even if the stock price goes down. Sign up for Robinhood now.
Acorns
I signed up for Acorns, an app that makes investments on your behalf every time you make a purchase, ages ago. After connecting my bank account, I forgot about registering months later. Three or four years down the line, I checked the amount of invested purchases I had made and discovered that I’d stashed several thousands of dollars to my surprise. Ever since I’ve been glued to Acorns.
The idea is simple: Every time you use your bank card to buy something, the purchase gets rounded up to the next dollar. Say you spent $29.75 on a pair of headphones. The app rounds the purchase up to $30 and invests the difference in stocks. You can even set up a recurring deposit that can go directly into your portfolio with Acorns divvying up the amount in stocks you like. If you’re a long-term planner, you can use the app to open a retirement account, for use when you turn 60. Sign up for Acorns now.
Marcus
When things started looking up after COVID, I decided to open a ROTH IRA. It was one of the first failsafe measures I took to save and invest money. I was lucky enough to have a few friends in the finance world who all suggested investing up to $6,000 dollars (the limit) each year in this type of investment account. Marcus, a finance app from Goldman Sachs, makes it very easy to put money away. I’ve set a recurring investment of $50 a week that grows in the ROTH IRA tax-free. “It also lets you take tax-free withdrawals of your contributions (but not earnings) at any time,” according to Investopedia. Sign up for Marcus now.
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