A single mom who quit her job as a banker for a daring career on OnlyFans that earns her $2500 a day just bought her third property in 15 months.
Lucy Banks, from Perth, has used her lucrative career to secure her two sons a place in the property market before they are ten.
The 31-year-old bought her first home in late 2021 and began building a second in September 2022.
Since then, she has saved a deposit for the third ‘dream home’ for herself and her children without using the equity in the first two houses.
Lucy has a series of online businesses that she runs from her home to create a “little empire” and allow her to live comfortably while being there for her children.
Lucy Banks, a single mother of two (pictured), from Perth, bought her third property in 15 months with her earnings from OnlyFans and her lucrative side deals.
The 31-year-old, who earns $2,500 a day on the adult platform, secured her two children a place in the real estate market before they turned 10 and has just bought her “dream home.”
“I bought my dream house for myself and my children. We will never move again, we will stay there forever,” Lucy said.
“It’s huge and has room for all our family and friends there. Even some chickens! I’m so proud to have done this and to have shown my kids that mom will always make it work for them.’
Lucy said she established a good amount of equity after purchasing and renovating her first home less than a year and a half ago.
‘In September 2022, I started building an investment property. I did not use the equity on my first property. In fact, I saved a whole new deposit,” he added.
The mother has come a long way since a few years ago when she divorced her ex-husband with nothing but their children.
Lucy established a good amount of equity after purchasing and renovating her first home less than a year and a half ago. In September 2022, she began building an investment property.
I didn’t want to fight my ex-husband in court over my share of our property, so I didn’t. I left with nothing,” he explained.
“I became obsessed with saving a deposit and showing the world that I could have a house for myself and my children.”
Her OnlyFans concert isn’t the only thing that makes a lot of money, as Lucy also knows the importance of having multiple sources of income and is a big supporter of the “laptop lifestyle.”
He has created a variety of side activities including selling visual content, a drop shipping website, talking to people for a fee, a membership club, merchandise, and affiliate opportunities.
Lucy said she wanted to provide a stable lifestyle and reliable income for her family while having the freedom to be there for her children.
‘My children go to two different private schools that cater to their individual needs; It takes me three hours every day to do the school run, but it’s worth it,’ he said.
Aside from her OnlyFans gigs, Lucy has created a variety of side jobs as she knows the importance of having multiple sources of income and is a strong advocate of the ‘laptop lifestyle’.
‘After school I help with homework, make dinner and put them to bed. My current job allows me the flexibility to do that…my previous job doesn’t.’
The adult content creator said she wants other single moms to be inspired and know that they, too, can earn enough money to invest in real estate with “work-anywhere” platforms.
“I have faced many lawsuits, but at the end of the day, I did it for my children. I built this little empire for us,’ he said.
Lucy seems to have passed on her money savvy to her children, as she previously shared that one of her sons enjoyed learning about finances at school.
‘My eldest son did school banking earlier this year and immediately asked his teacher about interest rates on deposits. He wishes he had that kind of financial acumen at 20, let alone before 10,” he said.
Lucy wants other single moms to be inspired and know that they, too, can earn enough money to invest in real estate with work-anywhere platforms.
When Lucy started talking about building an investment property, the children immediately wanted to know more and how they could contribute.
‘My children gave me $100 each to ‘invest’ in this new house; once we have tenants, both of you will receive $5.50 each a week.’
Lucy said her children came up with the idea and each earned $100 doing chores and saving birthday money over a period of time.
“It never crossed my mind to include children in the purchase of investment property, but my oldest son is very excited and constantly talks to me about how to maximize his investment,” said Lucy.
“They already figured out that when they’re adults, they’ll have enough for their own house deposits, all from this initial $100 deposit as a kid.”
When Lucy started talking about investment property, her children immediately wanted to know more and how they could contribute. They saved $100 each to ‘invest’ in the new house
With interest rates skyrocketing, Lucy is aware of the potential future challenges her children may face entering the real estate market once they are adults.
‘Buying a property is a big hurdle. There is no way she could have bought property as a single mom without OnlyFans,” Lucy said.
‘My children will receive no handouts or trust funds, but I will send them to the best schools and help them become financially savvy. The rest is up to them.
She added: ‘They also make typical kid decisions like spending money on Roblox and chocolates! But ultimately, they’re conservative with saving the money they’ve earned.’
