Quote:
Originally Posted by HitKing4192
First time reader of this thread.
OP, congrats. You clearly are an intelligent guy and a good player who approaches the game the right way (understanding the different mindsets of players, etc). Good luck making your dream a reality.
Just out of curiosity, what prompted you to choose taking this shot (maybe not exactly right language since you do seem like someone who could succeed long-term) over your other options? A degree in finance from UW-Madison is pretty sweet and no doubt you had other options upon graduation. I'd love to hear your thought process (as I'm someone who made the other choice, taking jobs in the business world and playing on the side). Regardless, congrats again on making this happen.
Thanks man. There are several reasons that lead me to taking a shot. Yes I feel like I can do it long term but my sample size before moving to Vegas was not even close to being meaningful enough to predict anything so I don't think calling it a shot is wrong, though I was much more calculated than your average shot taker.
Part of it is I'm young, I have time if it doesn't work out, and I'll never have to ask myself what would have happened if I tried. Although I always planned to get my degree before pursuing poker full time, since my freshman year of college I was planning on doing the Vegas thing.
On more of a "why poker?" level, it just appeals to me because I can come and go as I please and don't have anyone telling me what to do. I have always clashed with the higher-ups at my part-time/summer jobs throughout high school/college. Many times I thought I was smarter than a lot of them (true) and so that would cause problems when I was told to do something a certain way because "thats how we do it here". I didn't like that reason. So I like having something that I can be my own boss right out of college.
On top of that, the more I got into my finance coursework, the more I realized its not something that interests me enough to get a corporate job. I know lots of people that jumped through all the hoops in college; went to career fairs, did a billion interviews, and then got a job they can spend 40 years making a good living at and retire. Thats fine, but just not something that appeals to me. I didn't go to one career fair, didn't do a single interview. Academically I pretty much just went to class and got the marks I needed to get my degree because in my mind the degree was the backup plan and I focused most of the energy I would put into clubs/job hunting/internships into learning poker.
Some people say that its risky to pursue poker and that taking a job is the safer route. Thats probably true but I didn't have any job offers so its not like I turned down six figures to play poker. I also think the reason why 99% of people who try poker fail is because 98.9% of them are largely delusional and unprepared for it. I feel like I am prepared and it makes the chance I will succeed much higher than 1%. People also say that you can make more in the corporate world than you can in poker. Starberry recently made a post saying that there are people in fincance/technology/etc on the Forbes list but no one in poker on the list. Well thats fine because I could care less about being that filthy rich. What I want in life can be accomplished with poker so I don't need to worry about that ceiling. I really like the Limon model of playing poker and investing profits into passive income investments to increase earn. With this model eventually you don't have to keep much cash around because you know what you need for your game, which should be at least 5/10nl, and you can use the rest for investments. He preaches in his old thread about using poker to diversify, utilizing real estate, stocks, and other investments both in and out of gambling to make money. That is more or less what I am trying to do, but for right now the focus is on building my roll and getting to the games where I can start making a living on top of having extra money to start making significant investments and looking for passive income. 2/5 is not the end for me and I'm not gonna come on here and say playing 2/5 is better than a corporate job. Its much like how putting in your dues in entry level jobs is not the end. Its what you do so that you can get the upper level positions and increase earn.
The point of me explaining this is that if it was a choice between only playing poker and having a real job with poker on the side I'd probably choose the latter. But I'm not gonna just play poker. Eventually I should be able to have other passive income sources on top of my own poker playing and be able to keep the freedom of not having a 9-5. Whereas with the corporate world you are basically forced to work long, hard hours to achieve an income I'm not even interested in. Poker allows me to get exactly the income I want, and once I get it I don't have to put in hours where the marginal benefit of the extra income is < the marginal cost of having to work more (for me personally at least). Its still not nearly as safe because theres no health insurance and no guarantees poker will last, but at the end of the day going the safe route out of fear that something that could be better doesn't work out would be pretty boring.
I sincerely hope this answers your question because I got pretty carried away as one thought kept leading to another and I ended up probably answering some things that weren't even asked. If you or anyone else has further questions or wants clarification please ask.