Retiring from Poker

?

On January 18 2017 11:49 LikeASet wrote: Edit Long story short, live poker is not worry dudes unless you got these conditions; - You at least have a consistent, close by juicy live game that plays like 2/5 or higher - The success of the games is not significantly relevant to your quality of life, if it is it's just not going to be worth the stress - You're already spending time in your life that are propelling you towards financial freedom like a lucrative career or investments - You don't already have a solid foundation of health and fitness Based on the games I've seen maybe If you played your A game, maybe, just maybe you can have 60-80k years being a full time grinder at low stakes live games 1/2 - 5/10. I'm also pretty aware that even that is thinking optimistically. One should also be aware that trying to achieve this is almost going to be like work a job with a graveyard shift which in most cases is not good for your health so you should it's really not worth it unless you make atleast 120k$ or higher just so you can the ability to take long breaks and try to retire early. For me personally poker in general is just not a good thing to do if you "have" to do it. It just sucks out all the fun out of it, makes me play worst, I don't know why I don't have as much patience as I used to, maybe because I'm old dude now that could have been in a farther place in life than I am right now, but hey that's a whole different story. Basically to all you young folks, beware of the poker life. Don't do it to fulfill any monetary goal, just do it if it's a pure hobby. There's so many careers out there that can allow you to actually help people and if you're smart with your money along the way, you can actually retire in like 20 years at age 45-50, or just go down to part-time which is what I'll hopefully be doing. A little about myself I'm freaking 29 and still only about to start nursing school which will take me another 2 years of schooling before I can land a gig. I want to do it because it's a career path where I can benefit society, make better than average income (average 120k in my region), have a flexible schedule (only work 2 to as many days as I want per week), and have good security and to move to another location and a job if I wanted to. While I'm a nurse I want to establish a fitness studio/small gym or two to generate passive income so that I can live a very comfortable life and basically be able to not be those parents that have to work all the time and not get to spend time with their kids. I could have been a nurse when I was 23-25 instead of 31 but hey, I try every day to not focus on the past. Can't change the fact that I've done goofed a good portion of my 20's. I hope all of you guys out there try to not worry to much about any regrets and worry about what others think about you. Life's too short to worry about not following a typical life path and not "being on schedule." (ie. having a career at age X and having kids at age Y etc.). If you any of you guys feel down about any sort of stuff like this just have the mindset that I try to have. Every day is an opportunity to do things that bring you fulfillment and happiness. Maybe I'll end up editing this one too ha

Good luck in the future.

largely retired recently too. have been thinking about writing one of these. its tough moving on at 30+ with the resume gap but the only thing you can really do is do it. 2 years of schooling to transition into a good career is pretty great/easy imo. sure it will fly by.

fuark dood. come up to roseville and get jayrunk.

i'm leaving oracle, btw. only lasted 3 months, hehehe

good for you. nursing is a wise choice also

Hey man good luck on your new journey! I am really glad I got to read one of these. I am really hopeful for people who have gone through being poker players, they definitely will have "something" that most anybody won't have, someway, somehow. That is my hope at least.

On January 18 2017 22:23 PoorUser wrote: largely retired recently too. have been thinking about writing one of these. its tough moving on at 30+ with the resume gap but the only thing you can really do is do it. 2 years of schooling to transition into a good career is pretty great/easy imo. sure it will fly by.

It is indeed tough. If you make a post with your plans etc I for one would be very interested in reading it

On January 18 2017 22:23 PoorUser wrote: largely retired recently too. have been thinking about writing one of these. its tough moving on at 30+ with the resume gap but the only thing you can really do is do it. 2 years of schooling to transition into a good career is pretty great/easy imo. sure it will fly by.

Yes, seems tough but mostly its about finding something else that you are passionate about ... AND STARTING. Then you simply gotta consider yourself as if you were those ~10 years younger as far as your expectations about job and salary go.

I basically made that decision about 2-3 years back being 29 years old then (32 now). Well I didn't stop playing poker fully, but I decided that I don't want poker to be the only thing I do with my live career-wise, it just didn't feel fulfilling. (I had felt that way for about 3 years before already.) So I started studying a computer science school (AI and Machine Learning course) and started treating it as my main thing. I still played poker (and I still do now) sort of part-time, because its simply still decent money and also because I actually enjoy it quite a bit more once its just one of the things I do in my life, not the only one. Now I am still studying (3rd year), started a part-time job half a year ago as a developer / data scientist and I am playing poker to make some extra money and to have fun. I am happy I made that decision. Also I quite like the fact that thanks to poker there is very little monetary pressure on me and I can decide if and how much I want to work, have a lot of time to choose where I want to work, can also choose not to work for a while (and do nothing or maybe play poker more), etc.

you are still young. Go for it.
Sooner or later everyone will make these choices. Starting online poker was one of the greatest and most useful things i've done, but stopping it at the right time was too.

Funny I'm actually giving it another shot. Been slowing getting back into the grind for a couple months now. I've been doing the grind for awhile//take a break//get a job when downswing for a bit but I have found it difficult to find something to transition to long term like many others have mentioned. I guess somewhat different than others were that my alternate careers that I have tried out were all immediately cash generating with low start up cost/time and barriers to entry, but for whatever reason sometimes luck sometimes fit, it didn't work out great. I could go on about stuff but I'll keep it short.

Anyway sounds great that you found a path that you have been/are sticking to. Medical industry is a cash cow in America so I am definitely on board with that decision as being +EV. Also, you sure you want to look into starting a gym or whatever one day? You seem passionate about fitness but running a business probably a headache. I mean if you just focus your motivation on that one thing (nursing) and just put that money into really basic investments like real estate and 401k that is just a very solid investment strategy.

glgl

GL!