Money Honey: Lucy Banks Examines the Myth of the OnlyFans Millionaire

Money Honey: Lucy Banks Examines the Myth of the OnlyFans Millionaire

Lucy Banks

(Perth, AUS / May 25, 2022) — Lucy Banks, an Australian single mum who ditched her corporate job in 2019 to create content full-time for OnlyFans, was looking to make a bit more money to support her family. Mission accomplished: Banks’ earnings totaled $300,000 this past year and she is projected to clear $500,000 in 2023.
“There is a lot of hype around the mega-paydays on OnlyFans, and much of it is true; the top 1% of earners do bring in more than $20,000 monthly, the top .1% is in the neighborhood of $100,000 monthly, and the top celebrities make millions monthly – it boggles the mind to think about it,” explains Banks, who sits atop the .8% of OnlyFans creators.
“However, it takes a lot of time, work, commitment and a thick skin to get to those numbers. While the top 5% of creators may be making pretty good money, the other 95% isn’t making much of anything at all. I’d like to shatter that ‘easy money’ myth right now. There’s no way around it; you really do have to put in serious effort to see serious results.”
But what happens if the big money DOES start to roll in? “Remember, modeling on a platform like this can feel like winning the lottery if you’re among the top earners – but this windfall will be short-lived. Fans are fickle, the service can decide to ban adult content – again – and your fortunes can fall as quickly as they rise in a business like this. You want to ‘make hay while the sun shines’, so to speak, and keep doing this work while it’s fun.”
Banks advises enlisting the help of financial professionals and staying focused on the future. “I’ve tried to be smart with my money; I’ve bought a house, a reliable car and I’ve paid school fees in full for the entire year upfront. It’s important that I was able to have that stability for my kids. Now I’m looking at investment properties and hope to have a few under my belt in the next few years. Hopefully I’ll be able to retire before I’m 40.”
Find and follow Lucy Banks at:
Lucy Banks, a rising independent content creator based in Perth, Australia, never saw herself as an online entertainer catering to the deepest desires of strangers, but in 2019, after years of a day-in, day-out existence in an unfulfilling marriage and middling job in the banking industry, she decided to ditch both and take the unusual step of signing up as a model on OnlyFans.
Less than three years later, the brunette beauty with an infectious smile and adventurous spirit has achieved staggering success on the adult social platform; she currently boasts more than 3,700 subscribers and earnings of up to $2,500 per day, thanks to her tireless work ethic and motivation to provide a more comfortable life for her and her two young children.
“The pandemic ushered in a virtual world that more of us are living in every day, whether out of necessity, entertainment, or the thrill of meeting new people and creating an exciting online experience. For me, it’s about freedom: having the time to be there for my family and being able to buy a home, necessities and fun stuff for my kids without worrying about how much money is in the bank. There are pros and cons to every career, but at this point in my life, this is what’s most important to me… and I’m loving every minute of it!”
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