Quote:
Originally Posted by javi
Someone once described it as the difference between being rich and being wealthy. When I was earning 7k/month cash I thought I was a baller. I bought a new corvette. New TV. New furniture. New clothes. Took shots at 5/10 which the table would bump to 10/25 for time rake, and then they'd all start straddling so it's now 25/50 and I had too much pride to leave and look scared. And to impress girls on tinder and get laid quickly I would wine & dine them at nice places. I was what you call "new money". I didnt have generational wealth, I had temporary wealth (if you even call 7k/month wealth). So I basically kept my bankroll at 10k and spent anything I earned over that every single month. I only had 1 losing month my first year. I knew deep down inside I was destined to failure but I couldnt help myself. Obviously the inevitable happened and I went on a 4 month losing streak and then presto, bankroll gone. With 3 months living expenses left I started driving for uber and have been ever since.
I take a shot here or there hoping I can just have back to back sessions of run good. Almost happened once and ran up a single bullet to 4k but promptly lost it back over the span of the week. Meanwhile my only real life poker friend is plowing 100k for the last 2 years with no end in sight. I done goofed, consequences will never be the same.
Wow, can I relate to that story, though my version involves a lot less having fun, so you got that. Even did Uber and postmates for about a year.
I started last year with about $1k to my name, plus a reliable car and $25 k in debt. Now I have debts paid off, and am in a relatively good spot. A lot of this is from other gambling endeavors, but a healthy chunk is from poker. Particularly, in the first few months, it was mainly poker.
Unsolicited advice, but your story parallels my own so closely, I thought it might be helpful, especially because now you'll know that a bungling idiot got out of the same situation.
Anyway, what worked for me. You need to be in a city with a low cost of living if your income sux, which it does driving for uber. Otherwise, you're pretty much drawing dead.
Cut cost of living as much as possible. No cable, obviously. You're already paying for tons of data for uber, so just use your phone as a hotspot for internet. Buy whatever food is on sale and fits your diet. Live in a cheap place. Find a couple places that have $1 tacos on Wednesday or whatever. All that kinda stuff.
Continue "shot taking" at 1/2. Don't buy in deep. Maybe buy in for $100. Be nitty. When down, short stack, don't top off. Get good at playing short and exploiting the massive edge you have when playing short. Hit and run. You already have too much BR on the table with $200. Don't play much over $500. Build slowly. You can't force it to happen over night. Sacrifice hourly win rate for a bigger % edge and more consistent winning.
Obviously, there is a bunch of mindset stuff or whatever. Work on that in ways that make sense to you, but work on it. The bottom line is you need to spend very little time and money on TV/movies, video games, women, etc. for a while and just make it your mission to build a poker BR.
Maybe you are doomed to non-baller status. I'm hardly a baller now either. But, you have the tools to be at least be a working stiff who tacks on $1-2k a month in cash doing something you enjoy. Even when we crash and burn, it's not like we become peasants in a third world country. You can build up a $10k roll over the next 12-18 months.