Quote:
Originally Posted by t_roy
Johnny, as you know, I recently made a similar leap. I'd be a total hypocrite if I told you not to do it. I don't know your whole situation, but I just want to throw a couple things out there.
I think most in your position fail to consider the career possibilities that exist outside of their current job. Just make sure you take the time to think about other possibilities. I'm sure that there are work environments that you would be much happier in. A lot of time people equate their 9 to 5 sucking to all 9 to 5s sucking. In reality, there are a lot of really good jobs out there, especially if you are willing to take the leap into being your own boss.
Also, just make sure you are ready. Most people that quite their jobs have trouble surviving off of poker, much less thriving. Are you really the best player every time you sit down? Do you keep it together when going on a big downswing? Do you have enough hours to be confident in your win rate? Those are just some of the questions you need to ask yourself. Either way best of luck.
Thanks for the post t_roy. There are a lot of factors. My 9-5 is more like an 8-7 which for an insomiac night owl that stays out at the poker room until 3am makes for a challenging schedule. I've done it for the last year but it was tough. The hours are bad, the location is bad, I'm not developing a skill set that I see transferable to what I want to do in the future. People say poker is a resume killer but I have no intention of rejoining the corporate world.
I'm really just tired of trading my time for a decent wage making someone else rich. Those 50-60 hours a week can be spent on myself, acquiring knowledge, working towards passive income streams, etc. I don't think I will ever achieve that while working the corporate grind.
I would like to flip a house this year. I've got a lot to learn. I've met a lot of older gentlemen involved in real estate on the felt. Who knows - if I spend some of these newly free hours studying up on real estate, building out a cash flow profitability model, attending local conventions/networking events maybe one of them will offer to be a mentor.
I actually find poker to be a pretty good source of networking and I think an older self made fellow would respond favorably to a younger guy hustling, looking to get ahead, learn, etc. Maybe my intentions aren't totally pure but if I can make someone else's life easier on a project in exchange for knowledge - hey why not?
In terms of the preparedness, yah I think I have a sufficient sample size to determine this is a realistic shot. I've got about 1000 hours logged between 1/2 and 2/5 at 12-17 BB's per hour.
tldr; i want my time/life back for myself to pursue my dreams