She's On The Money - MONEY DIARIES: Owning It On OnlyFans!

Episode Date: September 18, 2022

She's a single mother who has bought a house, investment property and a Land Rover, all within 12 months,without help or relying on child support! Working very hard on OnlyFans and diligently changing her money story one day at a time, she is an absolute force of nature and we can't wait to share her with you!This year our Money Diaries are being brought to you by the legends at Shopback! Check them out at https://app.shopback.com/aus/partner/SOTM and you'll get a cashback bonus when you sign up!Acknowledgement of Country By Natarsha Bamblett aka Queen Acknowledgements.The advice shared on She’s on The Money is general in nature and does not consider your individual circumstances. She’s on The Money exists purely for educational purposes and should not be relied upon to make an investment or financial decision. Victoria Devine and She's On The Money are Authorised Representatives of Infocus Securities Australia Proprietary Limited ABN 47 097 797 049 AFSL - AFSL 236523.See omnystudio.com/listener for privacy information.

Hello, my name is Natasha Nabanunga-Bamblett. I'm a proud Yorta Yorta, Kernai, Wolperi and Awadjeri woman. And before we get started on She's on the Money podcast, I would like to acknowledge the traditional custodians of the land of which this podcast is recorded on Awadjeri country, acknowledging the elders, the ancestors and the next generation coming through. As this podcast is about connecting, empowering, knowledge sharing and the storytelling of you to make a difference for today and lasting impact for tomorrow. Let's get into it. She's on the money. She's on the money.

Hello and welcome to She's on the Money, the podcast for millennials who want financial freedom. Welcome back to another Shop Back Money Diary Monday, where we get to chat to one of our beautiful community members to learn all about them and their finances and all of the other fun bits as well. Victoria. Hello. Today, I've got a fun one. Oh, who would have thought, Jess? I know. Let me tell you all about her. So our diarist says, I'm a single mum who has

bought a house, an investment property, and a Land Rover all within 12 months without help or relying on child support. I come from a corporate banking background and was super unhappy in my marriage, so I left. I had no idea how I'd pay for anything and restarted my life at 29 with $60 in my bank account. I had a girlfriend who was doing OnlyFans, and so I began doing it too. I made $400,000 in the past 12 months. What a queen money diarist. Welcome to the show. I feel like we've been um talking about OnlyFans a lot on the pod Jess like we're not sponsored by them we just happen to have a fair few ladies making bank in our community on it thanks for having me I actually came across your podcast because I searched OnlyFans in Spotify just

wanting to hear some episode just like learn more about OnlyFans just content yeah and I think at the time you just had done an episode on somebody who was doing OnlyFans as well I listened to that And then I became hooked on She's On The Money podcast, which I guess was the big start of my money journey. Oh my gosh. How exciting. Well, welcome to the show. And I'm glad that you're in our community. I want to know so much about your situation. It sounds like you're an actual hustler, but as always, we have to start with the structured questions or Jess might get me. So I want to know, can you tell us a little bit about your money story? So my money story, I wouldn't necessarily say that I'm driven by money or that money is

a priority for me. However, stability and structure is really important to me as a single mum. I didn't have that growing up. And as a single mum, I realised quite quickly that money was going to be the tool that would achieve that for not only me, but for my kids as well. Oh my gosh. So you are 29 and you have two kids. Is that right? I was 29 when I first started OnlyFans. I'm 32 now and I have two kids. Yes. How exciting. All right. I want to know, what do you do for work and how much money do you earn? I am a full-time OnlyFans creator and last financial year, I sold over $400,000 worth of nude content.

Oh, get it, queen. I want to know though. All right, let's break it down. So a few people have messaged me off the back of a few of our other OnlyFans content episodes and they're like, well, how does it actually work? So can you break down how you generate income? Because you don't just chuck up a nude picture and someone buys it, right? That's not how it works. So can you explain how it works and then how you utilize it? Because I think that lots of different people do lots of different things. Absolutely. So the way I like to explain OnlyFans is it's like Instagram but for nudity so it costs people to follow or subscribe to me so that's one avenue I make money from a subscription price and then I charge people to talk to me so that's another

avenue and then I will make videos either of myself or with co-stars and then I sell that so that's three different streams of income I'll also have campaigns where I want to buy this toy or this set of lingerie. Can you contribute to it? And that campaign is a fifth stream or within the same platform. I like to think of it as, so OnlyFans is like the umbrella and then there's a lot of different streams that sort of come under that umbrella. Yeah. Cause I think a lot of people extrapolate it out and go, all right, well, if she's earned 400 grand, that must mean she has, you know, if you charged a dollar per subscriber, 400,000 subscribers, but that's not exactly how it works, is it? That's right. So on my page,

it's like a girlfriend experience. So I'm very close with my subscribers. I've actually got quite a low number of subscribers, but the people that I have on my page spend a significant amount compared to a lot of other girls that will have a hundred thousand, but they're only spending a couple of dollars, if that makes sense. No, it makes absolute sense. I am so pervy on this because I'm like, how, where, what, why, what does that mean? What does that look like? so thank you for sharing I want to know though what is your big money goal what are you currently working towards so I'm actually really excited that my big money goal since I was 19 was to buy a house and to do it all on my own have it just in my name and that I guess became even more

important to me when I became a single mum and that's why I came into this industry I was like I'm gonna hustle so hard and to like buy a house like that would be amazing if I could do that one day. And I actually did that in December of last year. And now I'm like, okay, what's next? I thought that that would be the be all and end all, but I'm really lucky that now I've just bought an investment property. Who is she? And I have a retirement strategy where I'll be buying one property, minimum one property a year for the next eight years. And I'll be able to retire at 40. Oh my gosh. And all of this happened straight after you were like, you know what? I've got 60 bucks in my bank account. I have no idea what to do. I saw a friend doing this. Let's give it

a hot crack. Yeah. I have no experience in the industry. I'm just a mum from the suburbs. I do not look like a fallen star. I come from a banking background. I just looked at my kids. When my parents divorced, that was sort of the beginning of a long road of instability for me and my siblings. I just looked at these two beautiful little kids and I was like, I'm not going to let them down for anyone or for anything I don't care what society says I'm doing this for my boys and it's so cool to be able to have done that that is actually really cool I am so proud of you like getting it and doing it like and you just look so happy about what you're able to provide your family with like it's just so cool all right I want to know we know about the investment

property do you have any other investments I put money away into super I've played around with shares and crypto a little bit. However, it doesn't really fit into my risk appetite because I am so hell bent on having everything safe and secure. I think it's a really great option, but not for me. So most of my investments are around super, which I know is shares and property. But it does make a lot of sense if you're saying, I want to retire by 40 to prioritize investments outside of superannuation because if you retire at 40, you can't actually access superannuation until retirement age, which in Australia is 65. So that doesn't really work with the strategy you're implementing, does it? Exactly. Yeah.

All right. Next question. I want to know, do you have any debts? If so, how much are they? I have my mortgage. At the moment, I owe, it's $220,000 on it. Oh, that's not too bad. What did you purchase your house for? I purchased it for $270,000. I was really, really lucky to get in at a great point in time. And now I've got, yeah, oh, about $220,000 and it's worth about $320,000. So it's gone up significantly. What's that? $50,000 in just six months. That is very good turnaround. So you're making money basically everywhere at the moment. How good? Trying to, yeah. Just want to make hay while the sun shines.

Important. Next question. Do you use Shopback? Yes. I've got the Chrome. The Chrome extension. Yes. That's how I do it. Otherwise I miss out. I'm so busy. I'm not going to use something if it's not convenient to me. And having the Chrome extension is so convenient. I don't think a lot of people realize how Shopback is. It's things that you usually buy anyway. Exactly. What was the last thing you bought? gobstoppers oh that is not what I was expecting honestly after you said things I usually buy I thought you were gonna say groceries you're like yep gobstoppers what I know I couldn't find

them in the shop my son has been hounding me for them he just wants gobstoppers and I was like I'll just see if I can find them and then I don't have to like go around the shops I just ordered them online so money win all right next question I want to know what is your best money habit my best money habit is when I have a goal I get obsessed with it so when I bought this house I didn't have a deposit I just went and put an offer in on a house and called my broker I was like I've just bought a house and he's like why why did you do that where are you getting the deposit from you're like hello just tell me how much I need and I'll do it and I was really lucky you i saved 42 000 in about six to eight weeks oh my gosh and yeah because i knew i'd do i knew

if i had a goal i would be able to to hit it yeah and with my investment property i was supposed to be using the equity from my property to buy this one yeah and my broker said the bank's actually not going to let you do that you need to come up with a seventy thousand dollar deposit my settlement which is in four weeks and he was like I can get you out of the contract and I was like no no it's okay oh you can make it I'll find 70,000 in four weeks and my poor broker he's like what are you doing but when I have a goal I just get obsessed with it and I can't handle the thought of not reaching my goal I know that that works for me so that's kind of how I structure things which probably isn't great financial advice but I know that's what works for me no and that's what

we want to hear. I don't want to hear what is quote great financial advice. I actually just want to hear what works for you guys. And it's always different. Like when we do these money diaries, asking people what their best money habit is, is always so diverse. And I end up one with heaps of tips and tricks, but two, oh my gosh, your best money habit would never be mine because my anxiety could not, like I could not do that because I would just go, all right, there's no way. There's no way, run away, run away. Okay. On the flip side, what's your worst money habit? So on the flip side, if I don't have a goal, I'm not very good at saving money. Like I could have been saving money this whole time to go towards my deposit and I haven't. I don't spend

a lot. I don't have designer items or anything like that, but I'm really big on experiences. So I'll say to the kids, I'll be like, let's go pack a bag. We'll go stay at a hotel for a weekend or go down south or do this because I've got this income that I can sort of dispense because I don't have a goal, which is not smart. Like I should be focused all the time. So I'm aware of it. I'm working on it.

But that's not a very good money habit of mine. Hey, that's all right. I want to know next question. Last before we go to a quick break is how would you grade your money habits if we forced you to give yourself a grade? I think a B to C. I'm super proud of what I've achieved, but I could definitely be better with more focus. Epic. All right. Let's go to a quick break and then I want to dive into the nitty gritty. Don't go anywhere. All right, Money Diarist, we are back and I have so many questions,

but we're going to start the questions before you were in the sex industry. What were you doing? So you were a mum, you were married, what were you doing for work? How did all of that work? Like how did you generate income? So I worked as a corporate banker. I started working banking at 17 and I thought I was going to do it for a couple of years and then go traveling. But I ended up staying there and it was good. I always had enough money, but I never had any extra money and it became a little bit more difficult once I got married so I got married at 22 way too young now that I think back on it we just had very different attitudes to money which is not my fault and it's not his fault it was just different yeah and then once

we separated it was just really cool to have all the responsibility on me because then I could make all the decisions and I made a lot more responsible decisions because I had nobody to fall back on no one was coming to save me if I didn't make things work for the kids then they weren't going to have a roof over their heads so that did sort of force me into better money habits. So how much were you actually earning as a banker? Yeah what were you earning in corporate banking? I was on just over a hundred thousand a year. So good cash. It was, but I don't know where it all went. Like I never seemed to be able to go out for lunch or dinner or anything like that. And I think it was because I had extra people to pay for and take care of. Whereas once I separated, it was just me and the

two kids. I didn't have to worry about, oh, like I thought I had 300 in the account and now there's only 30. That, yeah, when I had total responsibility over it, I seemed to make it stretch further. Yeah, no, that makes a lot of sense. So it sounds like maybe you were not super on top of your cash flow at the time. How did you find going from, you know, $100,000, which is still a very good income, but how did you find going from that to earning, you know, in the multiples of hundreds? You've said, you know, throughout your questions earlier, you were talking about your risk appetite and your retirement strategy, have you found yourself leaning on professionals to give you advice or did you learn yourself along the way? So I'm really lucky that from my banking

experience, I know a little bit. However, I do enlist the help of professionals. So I have an investment strategist, I have a bookkeeper and I have an accountant because even though I think I know a lot. I also didn't go to university to study any of this and they did. So I'm happy to hand the reins over to them. They do the things that they're the experts in and I'll do the things that I'm the expert in, which is running my business. Yeah. And was there a learning curve for you jumping from the lower to the higher income? Yes. So the first thing I learned was how useless I am. I was like, I can do my own bookkeeping and my own tax return. No, I cannot. I just I do know what I'm doing with numbers but when I had to look at like company structures and

things like that it just became a smart idea to hand over to someone who knew what they were doing inside and out not just me trying to um do the best I could and that makes sense and it's funny because I'm obviously really into finance love it but I don't do any of my own bookkeeping and I don't because I want to outsource it to a professional who has the time, energy and effort to stay up to date on tax law and superannuation and what's going on and making sure that my employees are paid properly. And to be honest, after doing a little bit of a cost benefit analysis, I'm more valuable, you know, producing content and being in she's on the money and doing the work than I am if I'm doing my bookkeeping. And to be honest, it probably takes

me triple the amount of time it takes my bookkeeper because she knows it like the back of her hand. Yeah. You do what you do best and they do what they do best. Yeah, exactly. It was the first time I outsourced as soon as I could afford it. I feel like it's an interesting concept though, because so many people, even once they do start generating money, they just don't outsource because they're like, oh, it's a waste of money. I can do it myself. But it's such a mindset shift. I want to know a bit more about OnlyFans, right? Like obviously it's in an industry that is heavily clouded by a lot of judgment,

which is obviously not necessary but making that decision as a young mum how did you go all right I'm going to give this a crack because I feel like it's a massive jump to go from corporate banking into the sex industry and go you know what I'll just give it a hot crack yeah I didn't intend to do it long term I thought I was just going to do it for a month or so I was going to be anonymous clear some bills and then move on with my life however once I guess that money started rolling in and I was also doxxed so I was outed very early on in my adult career I had somebody contact my ex-husband my parents my family I had a girl subscribe to my only fans screenshot everything and send it around to all the school dads oh that's horrendous yeah I had people contact the

police protection everything and it was a really hard time because I I just felt like I was at like a fork in the road and I could either be like okay guys I'm sorry I should never have done this or I could be like you know what I'm going to do this and I'm going to do it for my kids and I remember someone saying that like you are not attractive you are fat you don't know what you're doing do you honestly think you're going to make any money and I just like you know what like yeah look at my kids you watch me like I'll make as much money as I want to because I am so motivated by those two little people in my life if I don't make bank for them nobody else is going to so I always say that no one hustles like a single parent and it really propelled me having all that

stigma and judgment it motivated me even more to make sure that I was like you know what I've already got this reputation now. I've already got this stigma attached to me. If these people are going to run around and try to shame me and call me a whore and things like that, then I'm going to be the best whore I've ever seen. That's a good way to own it. It just, it blows my mind that people can be so unkind instead of just like letting you do your thing over to the left and just going right. They choose to actively bring you down. But in reality, that probably gave you a whole heap more publicity. And that's not a bad thing when we're trying to make bank, is it? Exactly. Yeah. I don't understand. I mean, I personally am not going to go out and become

a mechanic, but I don't have anything against someone who does go and become a mechanic. I'm not going to be like, you shouldn't do that. You're dirty and greasy. Or I don't know, something like, who cares? It makes them happy. I don't understand why it's not the same for people who are in the sex industry. People just seem to think that they get to have an opinion in on it when they don't really it's just like every other job absolutely and I just I believe so strongly that it's just your choice like if that's the job you've chosen great like you don't have to do it I don't want to be a brain surgeon so I'm not going to become one yeah I think it's really interesting and I think that you know this idea that you have to conform to other people's

ideals is one wild but two you just look at it and you just go all right but that doesn't mean that I'm a bad person. I think there's this stereotype that if you're in the sex industry, it must be out of desperation. It must be that you're on drugs or not doing the right thing or a subpar human, but you're just a mom being mom and you want to put food on the table and give your kids the best life you absolutely can. And you've found a way to do that. And I think that that should be celebrated, not brought down. Thank you. It's something I get really passionate about and I do talk quite openly about the fact that I don't look like your typical porn star like I've got I mean you're really pretty you're really really pretty so like I

mean I can see how you made 400 grand like that makes sense story check out like I've got like cellulite so much and I've got stretch marks and I've got that wobbly tummy because I've had pregnancies my body didn't bounce back which is fine before I started this job I've never even been to a strip club. This isn't something that I was supposed to do, but it's something that I fell into. And now I'm like, why was I working at the bank? I should have imagined how far ahead I'd be if I did this years ago. The stigma that's attached to it is worth the happiness I have now. And it's worth what I'm able to provide for my kids. Like that's everything to me. Yeah. That is honestly, I love that you're just doing something that makes you happy

and puts you in the best possible position and that's nobody's place to judge I want to know though what do your kids think you do for work they think I just work on the computer yeah good nice when they get old enough it's not something I'm ashamed about I'm really looking forward to having that conversation with them when they're a bit older but at the moment they're not at an age where they should know what sex is or porn yeah anything like that I'm really careful to tell them, they see that I'm working hard. And sometimes in the morning, I'm like, I'm just really tired today, mate. I stayed up to 2am working, but I just paid your school fees in full for the whole year. How lucky am I that we get to do that? And I can work from home and do

that. I want them to be able to see me working, but not see me working. No, absolutely. It makes sense. I mean, not that we live fancy, but the fact that I can pay school fees in full is huge to me and I want them to show especially having boys I want them to see that mum was a single mum mum worked really hard and mum put us through private schools by herself yeah and that is honestly something to be so proud of like how crazy mum's putting both kids through private school all on her own yeah I love that it makes me so wildly happy to think that yeah people are just doing their own thing and putting themselves in the best position. Yeah, thank you. Speaking of the kids, how have you gone with the divorce? Does your ex-partner contribute at all financially

or are you completely doing this by yourself? He does contribute financially now. That's only started in the last few months. We owned a house and when I left, I tried to have this conversation with him about how we're going to settle things financially and he just turned around he said you're not seeing a cent oh my god if you want to go down this road I'll see you in court and I just thought I was like I've got too much on my plate I can't go to court and I just I was like you keep it you keep everything I just want the kids yeah so he kept I didn't see anything from the house it's all in his name he kept all his super everything so I just did it all on my own but it was really important for me to be able to yeah turn around and be like you know

what keep it I'll do it by myself yeah oh my gosh you just see the kids now and he does contribute a little bit each month which is really cool but I'm kind of glad that he did that after I bought the house because it was just so important for me to be able to say that I did buy this house all on my own without a sense of child support that's incredible you said earlier that when your parents divorced when you were young that it was the start of a lot of instability for you going through the same experience yourself what have you changed for your kids so that they don't feel the same way so when my parents separated I was 10 I ended up in a boarding school in the middle of nowhere at 15 yeah which I hated and then I moved out on my own at 16 so I've been

on my own from a really young age and I just sort of like bounced around and my son actually asked me yesterday he's like how many houses have you lived in mum and I was like I think about 30 it was a lot wow yeah I don't have somewhere where I can like go home and see my old bedroom or I don't have things from my childhood and I didn't want that for my boys and when we moved in here I sort of said to them I was like you know we can paint your room how you want like see this brick this is our brick and maybe we won't live here forever but we can if we want to and yeah we've got this big dream that we want to buy a farm we want to have like a look like not big maybe five or ten acres and they know that if we move again it'll only be once and it'll only be if we have a

little farm and maybe it's not important to the boys but it's important to me that they've got that stability they either come home to this house or they'll come home to one other house and then that's it like they don't I don't want to move them again and I feel like when I left their dad it sort of um put a lot of financial responsibility onto me but I had to learn all myself because my parents never really taught me anything about money growing up so the lessons I've learned I try to pass on to the boys as well with this new house my elder said to me he's like I've got a hundred dollars in my Spriggy account I've got this app and he's like if I give you a hundred dollars for the new house do I get some rent as well oh my god so once it settles he's

going to transfer me that one hundred dollars and then once the new house is built and there's tenants in there he's going to be getting like a portion of rent every single week back into his spooky account oh my god what a little hustler look what you taught him so cool to see at school they just started doing like a banking system and he said to me the other day he's like I think the teacher's gonna put me in charge and I'll be the banker of the classroom oh my gosh why do you think he's gonna choose you for that and he's like well when the teacher put the banking system in place I was the only one who asked about what what the interest rate was going to be that's so good it's so cool all these things I only learned in my year from the age of 29 and

the kids are growing up with this knowledge so I hope that by the time they're my age they'll have a lot more than what I do because they've learned it from childhood oh absolutely they will and the reason they're doing that is because of you and you're teaching them that like that is so wild. I heard you just mention Spriggy. Is that how you're teaching your kids about money? Like how have you integrated them into this conversation? Because I feel like this is such a popular question in our community of all, you know, now we don't really exist in a cash society. How do you teach kids the value of money? Yeah. So they've got the Spriggy app on both their iPads so they can see what their bank balance is. They don't get pocket money. If they want money,

they have to come to me and say hey mum I want to earn money for I don't know Minecraft or Robux or whatever they're saving up for yeah and my youngest has written I've got on the fridge a list of jobs he's at make mum's bed three dollars vacuum floor 50 cents like none of the prices make sense but that's all right yeah he's written it up and he's done it all by himself and he's like is this okay and I'm like yeah great so it's on the fridge and when they do a job or I just jump on my phone I transfer it across to their Spriggy account and they can see it on their iPads and they've both got little Star Wars bank cards oh my god they can go to the shops and spend money on I try to let them make mistakes so my youngest will always just want to go and buy lollies and like yes like

the gobstoppers and things and then his brother always has money his brother you know has that hundred dollars that he's putting into the investment property and my youngest is like it's not fair he always has money I'm like yes because you spend it so it's cool and they can see the transactions on their spooky apps as well so I can say look at all this money you spent let's add it up and see what you would have had in your account if you didn't spend that so for me it's about putting the responsibility onto them but helping them make good decisions and supporting them when they make bad ones and just sort of working together. I try to have a really open conversation with them about money. If they're like, oh, can we go, I don't know, to this place?

And I'm like, we can go to this place, but if we go to this place, then maybe we won't be able to do this next week instead. So it's about helping them just have exposure to money and realize money is real and that we all need to be held accountable. That is incredible. Oh, I love that so much. You sound like you are such a good mum. I've got no idea if it's going to work out. No, but it's more about the care and the love and the reason you do things, right? Like it's all about purpose. It's not necessarily right or wrong. There's actually no right or wrong when it comes to money stories and how people learn and what they should and shouldn't know. I mean, it seems like you've got a pretty straight down the line, I reckon.

I hope so. I just want to sort of input new generational money habits into my kids and then hopefully it'll start something. And not that I'm not, I don't really care if I'm rich or not, but I just want to be happy and the money that I've got can do things that make me happy. So it's just instilling those values into the kids. I love that. Oh my gosh, what a special money diary. Thank you so much for sharing with us. Thank you for having me. No, of course. Well, Jess, unfortunately, I think that is all we have time for today.

So can you wrap the boring but important stuff? Absolutely. Don't forget, guys, the advice shared on She's on the Money is general in nature and does not consider your individual circumstances. She's on the Money exists purely for educational purposes and should not be relied upon to make an investment or a financial decision. And we promise Victoria Devine and She's on the Money are authorised representatives of InFocus Securities Australia Proprietary Limited,

ABM 47097797049, AFSL 236523. That always still feels like such a mouthful. Yes. See you on Wednesday, guys. Bye.