Flip a coin, you're entire life has been riding on a coin until this point why not do one more?

winnar

KiYoJoLo....

The latest multi-accounting team of cheating ch1nks to hit the NL100 tables. Have they moved up, or have I just missed them til now?

most people here acting like u buy 200k car and tomoro its worth not even a dime. if things go bad he can still sell it in a year for lots of cash.

on a sidenote most people here r just not into cars and will never understand how it is getting a srs erection only by hearing a big engine...

my advice is do it. as being said in teh end you can always sell it and there is no point being teh richest guy on teh graveyard

yah cuz either you buy it now, or you're dead in 5 years anyway. that's your only 2 choices.

There's the real possibility that if he doesn't do it now, it's not going to happen in the future. If he thinks it's not worth it because it's a -EV decision, that's likely to be his reasoning later on as well.

That's a big part of it, but from reading his FB, sounds like a bunch of other crazy ****'s been going on. Mostly a few months back, and was mostly implied so I don't want to get into details.

I guess we have a different opinion of what makes a "bad play" here. Enjoying life and doing something/buying something you've always wanted is unlikely to be a bad play. I'd say it's only money, but it's up to Joe how important this is to him.

For me, it helped clean out the inside of my head. I have a very different outlook on life/money at this point, and consider the money I "wasted" to be a big catalyst towards that point (car/house/traveling).

I'm trying to raise the point that there can be a lot of good results that can come from going down this path. Maybe he can get those benefits without buying the car. Maybe it doesn't matter.

And also (as has been said), he's not throwing out the entire value of the car. It's going to be a big chunk of money that's lost due to devaluation, but he seems pretty aware of how much that's going to be. That's the number we should be talking about here. 50k? 75k? Not sure, just guessing here... but 50-75k for him is obv a lot, but also still leaves him a ton behind.

The main point I'm behind here is that a lot of thought should be put into it, so that he can be happy with the decision he makes either way. If he buys it, people are going to say he's stupid for wasting so much money. If he doesn't, people are going to say he's stupid for backing out. Either way, it's going to be tough. No one can decide this for you Joe. Figure out what's important to you so that you can stand by your decision. You're going to have to for a while

probably unnecessary but ill give my 2 cents..

i see it as a simple assessment between what would make you happier? spending $200k on a ferrari or save it (or spend it something else, but what I feel is that you kinda want to buy something crazy, which makes sense after ur great poker results)..

what the wise thing to do is for the future is hard to say
is it wise to look only at the financial situation?, is it wise to only do what makes you happy? you have to balance that out,
but ill be definitely more to the happy-side of it, in the end thats what matters

was is wise that u played 100/200PLO with ur bankroll and limited high stakes plo experience? (correct me if im wrong)
No, but i have a feeling u wont regret that decision for the rest of ur life

best of luck deciding

btw: why do you have no intention of playing more high stakes PLO?

So many people like SMB in this thread. SMB hates money and would rather earn Merlin football stickers + computer game vouchers instead lol.

I dont believe both things you said

I was reading this thread in the morning and it was the last thing i read before i went to school, 5 min later i am waiting for bus and boom i see the exact same ferrari... that has to be sign

wait.. people go to school??

old (rich?) man advice: leverage the money into some real value. you may only get a few chances like this in your life. LOL ballah car. I drive a Prius and wear Timex.

Prius isn't really a budget car, just happens to have mpg > horsepower

hamsterpower...at least.

and a funny thing happened when we moved the Prius to Idaho from south GA. The gas engine rarely gets a chance during around-town driving to warm up....so the gas engine runs and runs and runs. GA 54+ MPG...........ID 42+ MPG.

but at least my watch keeps ticking

swear most of you may aswell be busto 10nl grinders

oooh ive got 200k in the bank what a great life I lead, so much life security!

like no offence king spew but the main reason I play poker is so im not gonna have to drive a prius and wear a timex, each to their own tho I guess

I would rather leverage 200K into 2.1M to make 5M over the next 5 years

is that realistic? and how so?

With the right background and banker/vc,,,,, yeah, ration 10:1 is possible for the right idea.

Rental props, franchises....problem ofc is we are now talking about having a real job managing whatever biz you go into. sucks to have no abilities other than flippin'.

What did "you" go to college for aside from the partys?

interesting to see the general consensus when it comes to poker bankroll management but then the wide range of thoughts on life roll.

are people really going to college with a life plan when there 18 or so
its just something you do, dont think about it as much
same as poker, everyone just rolls into it and some face that moment where its getting serious and they have to take a decision..
if you have the talent for poker, study whatever, make the best of the path you like to take..
**** money thats not what counts but it certainly helps a lot, and when u make the big cash, just do something fun with it

we don't make big cash. it's completely absurd and silly how we make it, but it's just not that much money. the top winners ITT are rich, but none of us are wealthy.

its diff if poker is side income.

if ur a professional i would think the time to get serious and make a decision would be somewhere when uiega started.

all valid, slug..but i would like to expand on this.

200K is not big money...not even close to a life roll for a first world playah.

But 200K can be the jump start to bigger/better......rather than spent on a non-earning asset like a car or watch. And to ME... finding ways to turn money into a performing asset is fun and rewarding.

+1

It's all relative. $200k in one place is more than most people will see in their lifetime. $200k to me right now is massive. To you it may be a decent amount of money. To some guys it's pocket change.

I'm with Twackle on this one. People really overestimate the value of money and it's ability to make you happy. I play poker for the freedom and the quality of life it gives me. That doesn't mean that I don't work hard at my game and try my best to constantly improve, just that I don't feel the need to bust my balls to squeeze out every last penny that I can at the expense of my life outside of poker. If poker disappeared tomorrow I'd happily go take a minimum wage job and be happy to live off it, as long as I still get to do the things I enjoy. The very last thing I'd do is take a high paying, high stress, long hours job and work myself ragged just so I can buy a fancy car.

But then everybody's different. Some people are happiest when driving round in a balla car. I don't see the attraction personally as there are so many more interesting and exciting things to do in this world, but each to his own. That said, I'm probably never going to be in a position to buy a $200k car, so what do I know?

I went to uni cos when I was 18 I had no idea what I wanted to do, so I took my dad's advice to go and have a 3 year holiday.