captainredTeacher who resigned after her OnlyFans page was discovered says new employer fired her for violating social media policy
The important piece of this to me is this: She made $1 mil on OnlyFans and $42k/year as a teacher. She wants to be a teacher despite making plenty of money from other sources. This tells me that unless you have other evidence of impropriety she’s someone we want in the classroom. It also reinforces my stance, along with plenty of other studies that have been performed, that a universal basic income won’t stop people from working.
Pay people better and we’ll just keep working because we like it. It’s part of being human, but we shouldn’t be suffering to survive at the same time.
You can’t retire on $1m net worth. That’s not even a house in lots of areas.
It definitely helps. But giving up my career for $1m would be a very bad investment.
BombOmOmAverage investment returns are (conservatively) 8% per year, with a safe draw down being 4% per year. Which means she should be able to safely withdraw $40,000/yr indefinitely without her investment decreasing in value over the long run.
Easily enough to retire in an average cost of living area if she wishes, or work a small side job to boost her income to support a higher cost of living.
The safe withdraw for an extended early retirement is 3.5%
With 4%, while the chance is small, you could end up running out of money.
leclownfouEspecially considering she was making $42k annually as a teacher (according to another comment, I didn’t actually read the article). So she was able to live on roughly that amount already.
Realistically, she could continue to create OnlyFans content for some time and make and invest more than the initial $1m.