Hey GRLs, Stevie here!

You know how to run the floor, secure the VIP, and work a slow Tuesday. You are a high-earning, independent contractor, and frankly, you are the CEO of your own empire.

But here’s the truth: The biggest hurdle in this industry isn't a slow night; it's maximizing and protecting the wealth you’re building. As 1099 contractors, we don't have an employer holding our hand through taxes, health insurance, or retirement. That's all on us.

Think of your dance gear as your business’s armor (GrlFriday, duh!). Now, let's look at the financial armor you need to protect your future. Here are four smart investment moves every dancer should make to secure the bag—for life.

1. Conquer the Tax Monster with a SEP IRA

You know the feeling: tax season hits, and the IRS suddenly wants a massive chunk of your hard-earned cash. That anxiety stops right now.

A SEP IRA (Simplified Employee Pension Plan) is specifically designed for self-employed individuals and independent contractors (that’s us!). It’s the single most powerful financial tool you have.

Why It’s a Boss Move:

• Tax Deduction: Every dollar you contribute to a SEP IRA is generally tax-deductible. This means you can significantly lower your overall taxable income, saving you money on your quarterly estimates and your final bill.
• Massive Contribution Limits: You can contribute up to 20% of your net adjusted earnings (with a high ceiling), meaning you can put away way more money than in a traditional IRA.
• Easy Setup: You can open one at any major brokerage (Fidelity, Vanguard, Schwab) in minutes.

Hustle Hack: Treat your SEP IRA contribution like a mandatory house fee. Every time you hit the ATM to deposit your tips, immediately transfer a percentage (I recommend starting with 10-15%) into your SEP IRA.

2. Separate Your Business: Get a Dedicated Credit Card

If you’re still putting your work expenses (new heels, hair, makeup, GrlFriday outfits, gym membership) on your personal debit card, you are making tax season a nightmare.

Your work is a business. Treat it like one.

Why It’s a Boss Move:

• Simplified Tax Deduction: With a dedicated business credit card, every business-related expense is already documented in one place. Your accountant (or TurboTax) will thank you.
• Build Business Credit: This helps you qualify for better loans later, like a mortgage or a car loan, completely separate from your personal credit score.
• Rewards Program: Choose a card with great cashback or travel rewards. Why not earn a free vacation (or a new set of custom nails) every time you buy a new outfit?

No Lie: Do not use this card for groceries, cocktails, or bills. It's for business expenses only. This is a non-negotiable step toward financial legitimacy.

3. Invest in High-Yield Assets (Outside the Club Safe)

Once your retirement accounts are running, it’s time to put your excess savings into places where they can grow. Leaving thousands of dollars sitting in a basic checking account is like losing a $100 tip—it’s just wasted money.

Why It’s a Boss Move:

• High-Yield Savings Account (HYSA): This is the easiest first step. These accounts offer far better interest rates (often 4-5% APY) than traditional banks, meaning your savings actually grow while remaining easily accessible for emergencies.
• Brokerage Account (Index Funds): You don't need to be a Wall Street shark. Open a simple brokerage account and start investing in low-cost, diversified Index Funds (like VTSAX or VOO). This allows you to own a small piece of the entire stock market, which consistently outperforms cash savings over time.
• Real Estate (Long-Term Goal): The ultimate flex. Buying a house or apartment is a massive move that converts your money into a reliable, appreciating asset.

Hustle Hack: Automate your savings. Set up an automatic transfer the day after you deposit your tips to move money from your checking account straight into your HYSA or brokerage account before you have a chance to spend it.

4. Prioritize Insurance & Liability (Protect the Asset)

The ultimate asset in your business is you. If you get sick, injured, or face a lawsuit (it happens), your entire income stream stops. Investing in your physical safety and financial security is a crucial business expense.

Why It’s a Boss Move:

• Health Insurance: As a 1099 contractor, you need to find a plan through the healthcare marketplace or a private broker. A broken ankle can derail your career; insurance is the safety net that catches your fall.
• Disability Insurance: This is often overlooked. If you are unable to work for six months due to injury, short-term disability insurance can provide a percentage of your monthly income. This is a must-have for dancers.
• Professional Liability: This protects you from certain types of legal claims. Talk to an insurance broker who understands the adult industry.

No Lie: The costs of these protections are generally tax-deductible business expenses. Don't cheap out on the financial armor that protects your ability to hustle.

You are fierce, powerful, and you deserve a secure financial future that matches your grind. Start small, stay consistent, and remember: Big Grls. Bigger Bag.

Now go get it!

Stevie Founder, GrlFriday Shop