Mike McDonald (TIMEX) Quits Poker - Poker News

histler18 · 03-31-2010, 09:55 PM

He made a long blog post saying that he is not going to be a proffessional poker player anymore and probably go back to university like David Benefield did. He also says that he has enough money to basically retire. How the **** does this 20 year old have enough money to retire? You need 4 or 5 million IMO to retire which I doubt he has. http://blogs.cardrunners.com/Timex/w...o-go-from-here (Link to blog)

Kirbynator · 03-31-2010, 09:56 PM

its called investments

goncalostar · 03-31-2010, 09:56 PM

Quote:

Originally Posted by histler18

He made a long blog post saying that he is not going to be a proffessional poker player anymore and probably go back to university like David Benefield did. He also says that he has enough money to basically retire. How the **** does this 20 year old have enough money to retire? You need 4 or 5 million IMO to retire which I doubt he has.

April fool.

histler18 · 03-31-2010, 09:57 PM

Its not april fools. He says that at the end

what would gus do · 03-31-2010, 09:58 PM

also, phil hellmuth says hes the best in the world

LiveNow · 03-31-2010, 09:59 PM

nobody quits poker

SeraphimVulture · 03-31-2010, 10:04 PM

You can't quit poker! Poker quits YOU, Mike!

TwIIcE · 03-31-2010, 10:06 PM

pretty wise guy for a 20 yo

CBorders · 03-31-2010, 10:10 PM

Quote:

Originally Posted by histler18

How the **** does this 20 year old have enough money to retire? You need 4 or 5 million IMO to retire which I doubt he has.

lol at having arbitrary "must have" amounts in order to retire.

I don't see why it's doubtful that he has $4mill+, between playing, staking and perhaps investing it's totally possible.

gobbomom · 03-31-2010, 10:15 PM

Excellent blog Mike. Traveling the EPTs is a sure path to burn out. Best of luck.

histler18 · 03-31-2010, 10:16 PM

Quote:

Originally Posted by CBorders

lol at having arbitrary "must have" amounts in order to retire.

I don't see why it's doubtful that he has $4mill+, between playing, staking and perhaps investing it's totally possible.

I said IMO. Meaning thats what I think is necessary obviously everyone has different lifestyles and needs different amounts.

Passaman · 03-31-2010, 10:18 PM

As a financial professional, I can tell you that $4mm (or even a lot less) is plenty to retire on if handled correctly.

Kirbynator · 03-31-2010, 10:21 PM

Spoiler:

mement_mori · 03-31-2010, 10:25 PM

Quote:

Originally Posted by gobbomom

Excellent blog Mike. Traveling the EPTs is a sure path to burn out. Best of luck.

no it's not. Also if you read the blog you would know it dosen't have anything to do with burn out.

**gobbo** · 03-31-2010, 10:29 PM

It makes me very happy to know that I did my part in helping a 20 year old retire.