I'd put the over under at 16 hours, except that you are a poker player so hours of stultifying boredom probably is in your DNA.

Ever play limit poker live ?

Lol, I've got 1354 hours of live 2/4 Limit under my belt, so I guess I'm not pulling the gun out until maybe 100 hours?

Git'snotamatterof"if",just"when"G

The number ONE factor for getting a good paying law job is the law school that you graduate from. If you go to a middle ranked, or lower ranked school, you are going to have a VERY difficult time getting one. That is about 85% of the people who graduate from a law school.

The next most important factor is if you are "juiced in". Maybe you have a relative who is a judge? Maybe you have a relative who has their name on the letterhead of a law firm?

Another important factor is if you have some "special skill". Maybe you are also a medical doctor? A nuclear engineer? An airline pilot? Maybe you speak 5-6 languages fluently?

Another factor is if you graduate in the top 5% or so of your class.

If you don't have one or more of the above things....there is a very good chance you are going to have a VERY downwardly mobile life as an attorney.

A few years ago, when did document review, a LOT of the attorneys were very happy to be "making the big money" and working 9-5 every day, in an office, with lights and air conditioning. At that point in time, the wage was $21/hour. You had to be actively licensed though...no graduates who had not passed a bar exam and admitted to practice law.

For those that don't know, "document review" is having a human read through and analyze documents in preparation for a lawsuit/legal activity. Most of the time it is boring and easy work. Computers do the majority of the grunt work now...but sometimes humans are needed to properly analyze things. It is pretty "low level" work.

The stories I heard from many of my co-workers made my hair stand on end. They had very bad outcomes and VERY difficult lives. I don't know how they held things together, and I give them "props" for making it.

Now, I hear that wages are $24 to $27 an hour, so that is good. The bad thing is that most firms are getting a bit more selective as to who they hire to do document review. If you don't have prior experience, don't know the software program "Relativity", you will have a harder time getting work than say 5 years ago. HOWEVER, if you are in the right place at the right time, you can get your foot in the door.

I know someone that went to law school at the University of American Samoa and things turned out well for him. Oh wait.

Plus, the account has been growing some from dividends and maybe appreciation.

I think a franchise is over a million dollars.

No-incorrect

McDonald's franchisee applicants must have a minimum of $500,000 available in liquid assets and pay a $45,000 franchise fee. Those looking to launch a new McDonald's franchise can expect to shell out between $1,314,500 and $2,306,500.

https://www.investopedia.com/article...nchise-mcd.asp

Also saw that a guy started as cleanup at MCD back when pay was $1.20/hour and now he owns 20 MCD Franchises.

It's multiple decades too-late to hop on the MCD franchise ownership train ...

I agree, 199 is still solid but I know of a reg that played 360+ hrs last month. Thought el diesels grind being volume biased over hourly would be more hours then this.

He could make more then this at his current job if he put some effort into study/improving. He clearly does not want to and is happy making what he is making.

You guys are making me feel very lazy right about now. I struggle to hit 100 hours a month online. If I ever managed to play 200 hours in a month I'd throw a parade to celebrate.

Don't worry. Pman will always be lazier than you.

Two educated guesses:

El Diesel has already done a highly detailed and realistic SWOT analysis of his situation.

El Diesel understands the Peter Principle and how it specifically applies to his poker career based on the above mentioned detailed and realistic SWOT analysis.

Thanks for dragging me up. Feel much better now.

Am well aware-but the key number there is the liquid requirement. Small part of that would be 45k-that’s the franchise fee. Don’t want to get into a long hair splitting argument-but actual out of pocket for a single McDonald’s would not be the entire amount needed for buildout. (Most banks would be happy to carry this note)

The 500k listed as a liquid requirement is probably closer to what would be needed-not the 1 milly P4B was throwing around

I have 150 hours this YEAR live in poker if that makes you feel better.

I don't keep track online much but if I had to guess, maybe 200 hours YTD as well

And I'm a professional poker player lol.

Key is work smart, not hard. Though doing both would be great.

One of my best friends went to Yale Law School, graduated pretty high in her class, got a great 6 figure job when she graduated - and did document review for almost a year on a big case. She literally sat in a room filled with cartons of documents all day, 12+ hours a day and highlight/flagged pages that had certain words on it. Some people will say that sounds great for the money. But imagine just scanning thousands of pages of documents by hand for a few keywords. She said it was dreadful.

IIRC these pages were *also* scanned into a computer but they had to be reviewed manually as well.

There is a big difference between "standard of living" versus "quality of life". Your Yale law friend might have a great standard of living because she has that good income and able to afford more expensive stuff, but her "quality of life" sucks because by the time she's done with her typical dreadfully boring day, she wouldn't even have the time or energy to enjoy her more expensive stuff.

An alternative could be to work for half as much in a dream tourist destination in 5 star resorts playing a low stress game in a low stress manner, enjoying cocktails, socializing, and being in full control of one's time without a boss whose butt one kisses 12 hours per day. The "standard of living" may be lower but the "quality of life" would be superior.

Have you consulted lead coach El Diesel regarding these questions?

I think your points are pretty much valid, except that I disagree about a "VERY downwardly mobile life" as an attorney for law school graduate from a "middle ranked" law school who is not top 5% in their class, and without "juice" or some specialized knowledge base. If a law school grad can pass the Bar exam, he or she is stamped as "qualified" professionally. Passing the bar means someone literally can open up a practice as a lawyer, and given technology, can have a good shot at something more lucrative even in the short term than just a "law job".

The door that will have opened for your foot is a professional standing, what develops from that depends on a variety of factors and each attribute cited above can be a plus. The goal is not necessarily a good paying law "job". There clearly are other paths open than a "downwardly" facing one.

There are whole fields of legal practice open to someone fitting the described profile, beginning with personal injury as plaintiff or insurance defense counsel, criminal defense, collections, real estate law, small business representation, immigration, etc. I think interpersonal skills ARE essential if you fit the above profile and you need to relate to people who seek legal counsel. A newly minted bar member can pick up experience through pro bono work and a local bar association even if lacking in "juice".

Fwiw, some of those other 8 or 9 players at your live poker table probably could use lawyers on occasion. (Thirty years or so ago, I used to play in the regular "mafia game" at Sunset Station, not a steady lucrative market for law clients, but a really entertaining range of problems among its transplants from Chicago and parts east.)

Reggie, you could not be more correct. ( I managed to get an MBA from Yale but opted against working at a proffered Wall Street job in favor of pursuing a more independent, less lucrative environment, literally living at the beach and eventually in D.C, Las Vegas and Costa Rica. NYC can be great, but there are really good alternatives.)

Absolutely. If anything, the discussion has forced me to take a hard look at where I'm coming up short. Changes are in order.

As a friend of ours would say, "the grind starts now."

Rampage at final 6 with Foxen on PokerGo in 2 hours. I might consider getting 3-month sub special to watch this and catch up on No Gamble, No Future that appears to be airing for the next few months.