7 budgeting tips for adult content creators:

1. Determine your income goals. How much do you want to earn each month from your OnlyFans account (or other platforms)?

2. Calculate your business expenses. This includes things like content creation, website hosting, scheduling software for social, assistants you pay, and any other costs associated with running your creator business.

3. Subtract your expenses from your income goals to determine your profit. This is the amount you have available for living expenses, to save or invest.

4. Set savings goals. Determine how much you want to save each month and put a plan in place to achieve that goal. (Save 20% at least for taxes) Save EVEN more if possible. 

ProTip: Automatic bank transfers to your savings will make a huge difference

5. Track your spending. Use a budgeting app (Mint), your SWCEO planner, or a spreadsheet to track your income & expenses. This will help you see where you can cut costs & make adjustments to your budget.

ProTip: Make it a habit to try to cut expenses monthly, set a reminder

6. Be flexible and adjust your budget as needed. As your income and expenses change, make sure to update your budget to reflect those changes.

7. Stay on track and review your budget regularly. 

There's a hack for this! 😉
Studies show if you wake up & check your bank account daily you save more money just by having awareness & attention to your spending. This will help you stay on track to meet your financial goals.

Disclaimer, I'm not a financial planner or advisor, this is just a general business principle to make sure you're running a profitable business. Want to know my financial goals? (keep reading)

I'm slowly working towards (& nowhere close to achieving haha) living off 10% of my income. A lot of people overlook that reducing your expenses is AS IMPORTANT to accumulating wealth as making $... I'll explain..

A creator who earns $10k/m but only spends $2k in bills & living expenses (which is hard to do!) has a positive cashflow of $8k 👏 A creator who earns $50k but has $45k in expenses per month only has a cashflow of +$5k & is less wealthy because they retain less of their $...

It's not about what you make - it's about how much of it you can keep 🔑

I'm only sharing what's worked for me as an adult content creator, & not gatekeep info that might work for you. Nothing is ever one-size-fits-all, & certain tips are more valuable depending on what level you're at career-wise. Feel free to take what's useful & leave what's not ❤️

If you found value in this thread, consider RTing so your creator friends can too. Everything we put out is FREE as we want to empower as many adult creators to build lucrative businesses as we can. The more resources we have as a community the bigger difference we can make 🙏🏼

FREE adult creator education for adult entrepreneurs. Sharing what’s worked for me for you to modify & use if you wish #CEOsquad 👉🏼@MelRoseMichaels

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