There have been a lot of articles on the web and on scandal tv about women who are turning to dirty dancing, stripping or other ancient businesses to make money. Yes, the economy is bad and yes, women (and men) need to make money.
While all those articles point to the money to be made, it has to be noted that like in all silver linings, there is generally a cloud wrapped around it.
Once a woman decides to enter the dancing, film or web cast world, they can pretty much forget about having them looked at in any other way as a performer if the word gets out that they have done this type of work. I am all for women being empowered and making money but they should realize that it will pretty much limit one’s options on a go forward basis.
The question may be moot if the woman marries a rich guy, can save enough money to quit the business and start a small grocery business or floral shop (or multi-million dollar enterprise if you want to dream big).
The reality is that the money may come in for awhile but there is a lot to be spent on building maintenance and upkeep. Your building (your body and looks) have to be top notch and you need to attract clients (or tenants). The issue comes in that it is very competitive in this market now and most organizations that hire ladies can be very choosy. You will probably be hired as an independent contractor (that means you will be filing a Schedule C for the Fed taxes and you should get a 1099) which means you can write off expenses but remember that you will also be paying both sides of social security tax and half of self-employment tax. So, make sure you save for that.
You should also report all tips that you are making. If you get audited and the IRS or state revenue agencies find you haven’t been paying taxes on your tips, you may have some issues.
I am not here to make ethical judgments (I am the last person to be one to judge another) so the lady needs to make her own decision as to what will work to put bread on the table, a roof over her head and feed her children.
I have done tax returns for entertainers of all types and they are very hard working people (and a lot of their children are well adjusted) and as they are apt to talk about, their business isn’t recession-proof and sometimes it isn’t very recession-resistant either if people are out of work and can’t splurge for big dance night parties anymore. Lack of clients yields the same results in any business. There is also a yuck side to the industry where drugs and alcohol are needed to cope with the ill-feelings a person has for having to be in this particular lifestyle. That burns into the money that you are making and defeats the purpose of choosing this business.
Just be aware that there isn’t a lot of glamor in these types of industries and quickly becomes like anybody else’s employment. It becomes just another job – though one that for a short time may pay a little better.
Interested in any of my books? You may want to make a stop over here. Please click through to purchase my books and some other interesting items that actually ARE on sale. Have you read my book, “Bad Tax Idea, Good Tax”? Please order it today. The tips inside can save you hundreds if not thousands of dollars!
If you are looking for a day job, part time work, suggestions for saving money or investing, please check out my book listed below. Part of all the proceeds from the sales of that book go to Rett Syndrome research. One girl is born with Rett Syndrome worldwide every fifteen minutes. My daughter Arianna has Rett Syndrome and we are working to do all we can to make her life easier and find a cure in her lifetime. Boys born with the Rett gene generally die at birth.
Kim Isaac Greenblatt
Business, Women, Dirty Dancing and Money
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[...] Business, Women, Dirty Dancing and Money « profitable [...]
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[...] profitable added an interesting post on Business, Women, Dirty Dancing and MoneyHere’s a small excerptThere have been a lot of articles on the web and on scandal tv about women who are turning to dirty dancing, stripping or other ancient businesses to make money. Yes, the economy is bad and yes, women (and men) need to make money. While all those articles point to the money to be made, it has to be noted that like in all silver linings, there is generally a cloud wrapped around it. Once a woman decides to enter the dancing, film or web cast world, they can pretty much forget abo [...]
[...] Business, Women, Dirty Dancing and Money ? profitable By admin Business, Women, Dirty Dancing and Money. There have been a lot of articles on the web and on scandal tv about women who are turning to dirty dancing, stripping or other ancient businesses to make money. Yes, the economy is bad and yes, … profitable – http://www.kimgreenblatt.com/wordpress/ & [...]
Sorry, forgot to add great post! Can’t wait to see your next post!
[...] profitable added an interesting post today on Business, Women, Dirty Dancing and MoneyHere’s a small readingThere have been a lot of articles on the web and on scandal tv about women who are turning to dirty dancing, stripping or other ancient businesses to make money. Yes, the economy is bad and yes, women (and men) need to make money. While all those articles point to the money to be made, it has to be noted that like in all silver linings, there is generally a cloud wrapped around it. Once a woman decides to enter the dancing, film or web cast world, they can pretty much forget abo [...]
[...] Business, Women, Dirty Dancing and Money « profitable [...]
[...] Business, Women, Dirty Dancing and Money « profitable [...]
[...] Business, Women, Dirty Dancing and Money « profitable [...]
[...] Business, Women, Dirty Dancing and Money « profitable [...]
[...] Business, Women, Dirty Dancing and Money « profitable [...]
[...] Business, Women, Dirty Dancing and Money « profitable [...]
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Thanks for the kind words and glad that my information can help you. As a rule, I don’t generally approve comments on posts over 2 weeks old but I will make an exception now and then.
Sincerely,
Kim Isaac Greenblatt