Building on their life of porn
By sticking to sound financial planning advice, many former porn stars were able to build upon their short adult film careers to create a bright future. At this year's Adult Video News awards show—the largest in the industry—performers reflected on their financial futures and post-career lives. Some, such as adult actors Tanya Tate and Amy Anderson, used their adult entertainment income to invest in real estate.
"I always try to save," Tate said. "I just bought a house." Anderson chose the same route, investing in property in downtown Toronto. "That's going to help me out for my future," she said.
"You save, you invest, and you diversify," said actress Sovereign Syre, echoing a message voiced by Angel and Tate. Syre started planning from a simple idea: The money an adult film star makes in "the first five years ... needs to last you for the next 50."
(Read more: Joslyn James: From mistress to entrepreneur to ... saint?)
As a first step, many financial advisors might recommend these adult entertainers go through the hypothetical exercise of imagining they had to live on their "windfall" for the rest of their life and therefore set a personal budget right from the start. But Bradley doesn't believe in that approach. "What they need is a lifestyle system that is simple."
Bradley instead recommends taking half of whatever amount they have made and put it away in the bank—into the proverbial lock box and throw away the key—and spend the other half, with the caveat that spending should not include any long-term financial commitments (expensive car leases, 12-month leases on luxury real estate). While some advisors would say this only encourages spending, Bradley thinks it's futile to try to change someone's psychology by more or less scaring them straight.
"If you're young and hitting fast money and in a culture like that, a simple system like this puts you way ahead of the game," Bradley said. "Put half in one pocket and the other half in the bank and spend out of that, and when that's done, you have to go back to work."
She added: "In real life, people don't have any way to answer the question, 'What can I afford?' Invariably, they will be tempted to buy. The impulse nature is stronger than you can possibly imagine, and in that business, impulse is a big part of their life. All the other complicated stuff that advisors talk about doesn't take impulse into account."
—By Alexandra Privitera, Sr. Coordinating Producer & Anthony Volastro, Segment Producer, CNBC. Follow them on Twitter