One hundred eighty dollars is a pretty rude wake-up call of a paycheck. It’s more likely that a college football player makes it to the NFL than for an OnlyFans worker to make $15 an hour. And since famous creators like Tara Lynn are pulling up that average, most creators are making a lot less than that. So what do most of them earn? On average, only $180 a month. OnlyFans as a platform has more than one million registered content creators. It’s more likely that a college football player makes it to the NFL than it is for an OnlyFans worker to make as much as a Chipotle worker. In other words, you could make the same amount working at Chipotle (and OnlyFans doesn’t even have guac). That might sound like a lot, but it adds up to about $15 an hour, and that’s all pre-tax. Making about $2,500 a month on OnlyFans puts you in the top 1% of OnlyFans creators. The question is: How are women still buying these misleading sales pitches? The Math Isn’t Making Sense Taking naked photos wasn’t the hard part, growing a massive following was.
Tara Lynn, who recently went viral explaining how she grew her OnlyFans income, already had hundreds of thousands of followers on multiple platforms before she started digital sex work. Others get their pay pyramid scheme style, by getting $50,000 payouts for recruiting additional C-list celebs. Most people make more money working at McDonald’s than they would on OnlyFans.īut wait, what about the women talking up their $350,000 monthly paychecks? Well, they represent a tiny percentage of content creators on OnlyFans, and most of them were already famous to begin with. Men joking about women “living life on easy mode” and women joking about dropping out of school to sell their nudes online are both wrong. This article originally appeared on GOBankingRates.The idea that OnlyFans is a get-rich-quick fast pass has worked its way into becoming common knowledge. What's the Best Small Business in Your State? Vote For Your Favorite I'm a Real Estate Agent: Here Are the 5 Best Cities To Buy a Home This SummerĪll the States That Don't Tax Social Securityģ Ways to Recession Proof Your Retirement This may not be the answer that those looking for a quick buck want to hear, but the best, safest way to generate real wealth in the stock market is to stay in it. But if you instead let that money compound every year at 10%, you'll end up with just under $200,000, or 20 times your money. Think about it this way: If you put $10,000 in the market and earn 10% per year, taking out your profits each year, you'll have a net profit of $30,000 after 30 years, or three times your money. If you can keep your money in the market for 10, 20 or even 30 years, your potential to build wealth is tremendous.
That's an amazing statistic when you think about how volatile the market can be over the short run. While no one can predict what the market will do from year to year, the S&P 500 index has actually never lost money over any 20-year rolling period.
While you can make short-term profits in the stock market, it's actually a safer bet to leave your money in the market for the long term and let compound interest do its magic.įor starters, the longer you leave your money in the market, the less risk you actually take.
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The main reason the stock market has been such a tremendous wealth generator is the effect of compound interest.
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