Quote:
Originally Posted by pontylad
Increasing regulation, increased difficulty and devaluation of earning potential outside of poker (we're not all going to be doing online poker for the next 30 years, so you will likely need another job at some point) means that the cut off point (for when to bail) if ever accelerating.
If you guys had saved and invested a huge part of ur profits/kept living with ur parents to get free food/housing, you could live pretty well without working even if poker died tomorrow.
Specially those guys who got the 2006-2010 poker bonanza back then.
Someone who makes $100k/year for 5 years investing 90% of it wouldn't need to work anymore in their lives.
and 100k/year is pretty conservative, I saw some guy here who had an hourly of $300 back in 2003, he 24-tabled NL1K as a 9/5.
I don't know how is the yearly % of the lowest risk investment in your countries, but with 100k/year investments, for 6 years in Brazil, you should have ~700k total + a 35k/year income(after tax and inflation), risk free.
If you want to compare it to a normal job's salary before taxes, it would be around 50k/year
Having a 50k/year earnings without doing nothing is awesome, just see how people out there bust their asses to get that salary, even you guys who play like crazy.