What do providers do with the additional income?

[Baiter]

But it’s hard to convert their cash into capital. They can’t even bank it. That’s the mystery to me. And probably why it all gets sent home.

It may be a little harder with the new laws to send as much money home now. If you're carrying money out of the country anything over 10k must be declared by the old rules which may have changed. Money transfers now have a cap depending on the country and additional documentation may apply as well. Wiring money from one account to another may have difficulties but they have their own banks established here "Cathay bank" and there are probably others so they may skirt the law when it comes to these issues.
However $180k annual salary wont set off too many alarms after living expenses which can be about $ 40k or better per year plus food ,transportation,basic maintenance, and medical.etc So a huge chunk of that tax free money is still spent. On the low end , these ladies are lucky to just survive in this country.

 

[Srhsrh]

But it’s hard to convert their cash into capital. They can’t even bank it. That’s the mystery to me. And probably why it all gets sent home.

Nope. I’ve been with a couple girls in flushing who go to their safe deposit box to drop money in. I helped the one of them calculate and negotiate the larger size she needed to fit 5 years of 20 dollar bills in.

Some girls offshore their money ASAP. Some stuff it in safe deposit boxes. Some buy luxury goods that can be converted back to cash. Some buy legit businesses like restaurants with their money. Or they buy real estate. I rarely see a girl who pisses it away anymore.

 

[krideynyc]

Wiring money from one account to another may have difficulties but they have their own banks established here "Cathay bank" and there are probably others so they may skirt the law when it comes to these issues.

Cathay Bank is a US bank founded in LA in the 1960's to service the Asian community that lived there. But the funny thing is that you can still bank with a US bank and withdraw overseas at one of their branches. Keeping the transaction under IRS limits and the money easily disappears. If the providers can get the funds into one of their WeChat linked accounts, it gets easy transferred that way.

Some buy luxury goods that can be converted back to cash.

Glad you mentioned this. I see the criticism of these providers spending their money on luxury brand names, but few realize that those purchases can be investments because every purchase is profit once sold when they go back home.

 

[Baiter]

Let's throw international money smugglers or launderer in the mix as well. Gift cards are a new way to move money. Theres so many ways to move money!!!

 

[Baiter]

Cathay Bank is a US bank founded in LA in the 1960's to service the Asian community that lived there. But the funny thing is that you can still bank with a US bank and withdraw overseas at one of their branches. Keeping the transaction under IRS limits and the money easily disappears. If the providers can get the funds into one of their WeChat linked accounts, it gets easy transferred that way.
Glad you mentioned this. I see the criticism of these providers spending their money on luxury brand names, but few realize that those purchases can be investments because every purchase is profit once sold when they go back home.

Thanks for the info on Cathay Bank!

 

[Bit]

But it’s hard to convert their cash into capital. They can’t even bank it. That’s the mystery to me. And probably why it all gets sent home.

There are entire networks of alternate capital vehicles outside of our US banking system. It is so prevalent abroad that US & EU financial entities are trying to tap into it

 

[njlefty]

As far as some providers I knew who got into the business for a couple years, it was to pay off debts. Either credit card debt or student loan debt.

 

[Uniquelyme]

I highly doubt any one girl is making 100k per year, even if priced higher, her body wouldn’t hold up after a few months. Unless one can show her deposits then maybe, but I doubt it, just my two cents.

You should know better than this. In NYC many girls make minimum $150k that are popular. $130x5=650x5=3250x44=$143k. That's just 5 guys a day 5 days. With 2 mos off the yr. That's not counting tips on top. This is for Gfe spots in Manhattan

OH and op if you talking about amp girls. 1)China
2.)Designer clothes
3.) Gambling.
Any combo of these 3 eats up money fast. Even just one which many send at least money back home. Eats up money fast.

 

[mikemendez]

You should know better than this. In NYC many girls make minimum $150k that are popular. $130x5=650x5=3250x44=$143k. That's just 5 guys a day 5 days. With 2 mos off the yr. That's not counting tips on top. This is for Gfe spots in Manhattan

OH and op if you talking about amp girls. 1)China
2.)Designer clothes
3.) Gambling.
Any combo of these 3 eats up money fast. Even just one which many send at least money back home. Eats up money fast.

In theory sounds good, lots of other things to factor in, a consistent flow of five guys a day every day isn’t. This is from my end of the amp woods, I’m certain there are girls that can and have earned more, one in particular comes to mind, she’s a hospitality provider escort, most times according to her, the customer doesn’t even touch her, no sex no nothing, go figure, she and her group service international clients all the while traveling abroad, college educated women.

 

[mikemendez]

Factor in a now popular girl earns 150k four or five out of ten years, the other years weren’t so prosperous, new to the business, years of decline in looks etc, maybe she earned half the amount of her hay day what’s the average earning a year over ten years?

 

[Uniquelyme]

Factor in a now popular girl earns 150k four or five out of ten years, the other years weren’t so prosperous, new to the business, years of decline in looks etc, maybe she earned half the amount of her hay day what’s the average earning a year over ten years?

Now you talking 10yrs that's different. There was a girl here. Her name is Kylie anyway I'm talking 2011-2013. This girl was making $300k per yr. Several hobbyists have stated this. They knew her well. She charged $160 30 mins, $250 1 hr. She was a machine on em ski slopes often. Who knows what she did with her money. But she was at Jewels 2009-2013. She probably made over 1m those 5 yrs.

She was Asian and dudes loved her. I passed on her twice.

 

[Hardrobert]

Not going to argue the various hypos for income. But, if it was on the high side, the "problem" that has been assumed is banking. Why? Your occupation is consultant or designer or international secretarial services or freelance writer or whatever you want as an independent contractor to foreign individuals that pay you in cash. You take 50% (60%, 70% whatever) and deposit it and file income tax returns. The rest you use as your mad money (or not). You also get to buy and deduct health insurance, accumulate social security earnings, setup a pension plan or IRA. You want to drive a Mercedes, lease it and biz deduct it. Come on guys, this is not hard. Use the system to work for you.

 

[Srhsrh]

Not going to argue the various hypos for income. But, if it was on the high side, the "problem" that has been assumed is banking. Why? Your occupation is consultant or designer or international secretarial services or freelance writer or whatever you want as an independent contractor to foreign individuals that pay you in cash. You take 50% (60%, 70% whatever) and deposit it and file income tax returns. The rest you use as your mad money (or not). You also get to buy and deduct health insurance, accumulate social security earnings, setup a pension plan or IRA. You want to drive a Mercedes, lease it and biz deduct it. Come on guys, this is not hard. Use the system to work for you.

exactly. then add a couple domestic accounts, a couple chinese accounts, a safe deposit box and move the money around. The fs girls I know that are smart are always assuming that any domestic account they normally access with something like an atm card is going to be lost if they get arrested and plan accordingly. Its not rocket science. the cops arent going to waste much time on a provider. they are after the owners, and the mythical white whale, the sex trafficker.

 

[TGBeldin]

IMO, the top three are:
#1 - They send it "home" (to a family member). Many of them have kids back home that someone else is raising. That $$ often goes to take care of the kid. Sometimes it goes to pay for a mortgage on a house back home. I also know some girls who family basically pushed them out-the-door to go do lucrative massage work in the US.
#2 - Some do salt it away for their own biz or retirement
#3 - Others do piss it away. Some girls really luv the casino. They are also good little consumers who go gaga over expensive, name brand items (Vuitton handbags, Omega watches, etc.).

Very few girls live high on the hog. Most live very, very sparsely. If you've ever seen their digs in Flushing, you know what I mean. Shitty public housing with 3-4 girls per apartment. They mostly take the bus everywhere. Almost all of them plead poverty, but not sure I buy it. Their living expenses are minimal and they pay almost no taxes. But if they are faithfully doing #1, then I can see them being broke all the time. If they start their own biz, then you will probably see more trappings of success, including some kind of German luxury car.

@mikemendez - I do know one superstar provider who definitely made over $100K a year, in fact, I'd guess about $300K. And she told me as much. Her body did hold out for more than a year, but after 5 years in the biz, her libido seems to have cooled. I know of others who I'd guess make around $100K per year based on volume and tip level they demand.

I do not have inside knowledge for AMPs or the women working there. But I do have a lot of reliable knowledge for a number of women, many now deep UTR or retired. What you say is quite consistent. A few (very few) bring in big $$, usually for a short number of years or they have found a benefactor and become a mistress, in which case the $$ can continue for a long time.

A minority do pretty well, but then $100K is not much more than "pretty well" in places like NYC, DC, LA. It certainly isn't bad, but it certainly isn't what it used to be. And many of these women DO pay taxes.

The majority don't make a huge amount. After expenses, $30K-40K. It keeps them minimally above water, supplements their primary job, lets them send their kids to a parochial grade school, get dental work, etc. Again, I am not talking AMP women--I just don't know that demographic. Talking indies in smaller to mid sized cities, typically single moms in--or used to be in--jobs that don't hack it. The smart ones do put some away, but for many that isn't very easy unless they get some child support or finished college before they got into this world.

The better ones often started escorting to pay for school, found it was decent money for something they enjoy (they tend to screen for compatibility as well as safety), and keep it a part time side gig. Maybe 6-8 sessions a month at 300-500 per (a lot of 2 or 3 hr repeat business).

I find it humorous how many guys thing they all make $100-500K. Just ain't so.

 

[kgmspa]

Shopping! Lol

 

[mikemendez]

 

[Uniquelyme]

I do not have inside knowledge for AMPs or the women working there. But I do have a lot of reliable knowledge for a number of women, many now deep UTR or retired. What you say is quite consistent. A few (very few) bring in big $$, usually for a short number of years or they have found a benefactor and become a mistress, in which case the $$ can continue for a long time.

A minority do pretty well, but then $100K is not much more than "pretty well" in places like NYC, DC, LA. It certainly isn't bad, but it certainly isn't what it used to be. And many of these women DO pay taxes.

The majority don't make a huge amount. After expenses, $30K-40K. It keeps them minimally above water, supplements their primary job, lets them send their kids to a parochial grade school, get dental work, etc. Again, I am not talking AMP women--I just don't know that demographic. Talking indies in smaller to mid sized cities, typically single moms in--or used to be in--jobs that don't hack it. The smart ones do put some away, but for many that isn't very easy unless they get some child support or finished college before they got into this world.

The better ones often started escorting to pay for school, found it was decent money for something they enjoy (they tend to screen for compatibility as well as safety), and keep it a part time side gig. Maybe 6-8 sessions a month at 300-500 per (a lot of 2 or 3 hr repeat business).

I find it humorous how many guys thing they all make $100-500K. Just ain't so.

You're talking about Women who do this as a side Hustle. I'm talking about Women who this is their profession. A popular Woman in NYC working an amp in Manhattan is EASILY getting over $125k-$150k per yr.

 

[AutomaticSlim]

Of course some save it and invest it, but that's boring and no fun to talk about.
So let's see what other diversions there might be:


American Girls:
- Drugs
- Clothes/shoes
- Give it to Pimp or some other shithead/loser boyfriend they may have.

Korean Girls:
- LV bags and similar luxury items
- Expensive makeups and facial creams.
- Gigolos at Korean "Host Bars"

Chinese Girls:
- Booze

Russian Girls:
- Mafia boyfriend

 

[TGBeldin]

You're talking about Women who do this as a side Hustle. I'm talking about Women who this is their profession. A popular Woman in NYC working an amp in Manhattan is EASILY getting over $125k-$150k per yr.

You may be right about popular NYC women, not my area of knowledge really. But no, I was talking about women who do this as a second job, and those who do it as their primary job. It's all about demographics, and many of them live places where you don't have ten million plus in their catchment area. NYC is representative of NYC, not the US.

 

[mikemendez]

I wonder how any guy knows actual earnings of even a popular provider, please don’t respond with the ol “because she said so”, I agree with TG, one top notch popular NY girl doesn’t represent the whole group.