Photo-Illustration: by The Cut; Photo: Getty Images I’m 44 years old, and for the last nine years I’ve escorted full time. I’ve decided to quit next year: I don’t hate the work, but I find it boring/exhausting and want to see what else I can do.
I’ve looked at FIRE sub-Reddits but, well, they seem a little culty, and I feel like a lot of the advice is based on the assumption that the market will stay bullish. That doesn’t seem guaranteed right now. I also have no plans to move to the global south and take advantage of postcolonial economics, and while I could leave New York, I don’t see myself happy in a really small town. Not to mention the R in FIRE stands for retire, and I worry too much about money to feel comfortable doing that.
My main goal as an investor is to feel economically safe, which is vague. I don’t want to live in a box when I’m older — I know that much. That’s why I started doing sex work in the first place: I wanted to be secure. Now I don’t know what to do, even though I feel like I should feel safer with this much money saved up.First of all, congratulations on setting a big goal and hitting it. That $1 million must have taken years of discipline.
You can start by sketching out a loose budget for your transition period. How much will it cost to pay your regular living expenses for the next two to five years? What kinds of training programs, grad-school courses, or certificates do you think you might need as you explore career options ? Do you need to buy a new laptop? Maybe talk to a career coach?
Once you’ve set aside the funds to float the next couple of years — your “runway” — you’ll put the rest toward your long-term goals. You may not want to retire early, but you will need to stop working someday. The best way to make your savings go the furthest is by investing them, says Hussey.
CharlotteCowles Well, this article surely hits home with a majority of your readers. 🙄
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