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Winrates, bankrolls, and finances Winrates, bankrolls, and finances
View Poll Results: What is your Win Rate in terms of BB per Housr
Less than 0 (losing)
5 6.41%
0-2.5
0 0%
2.5-5
6 7.69%
5-7.5
8 10.26%
7.5-10
15 19.23%
10+
26 33.33%
Not enough sample size/I don't know
18 23.08%

05-25-2016 , 11:40 PM
Quote:
Originally Posted by bwslim69
Are you saying you spend 2500/mo total. Between 2 adults? My god
Yes.

I've had some people be shocked.

Some say way too much

Some say way too little

I tend to think the only people who are living cheaper then us probably sleep under a bridge

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05-25-2016 , 11:43 PM
Ramen comin'!
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05-25-2016 , 11:46 PM
Quote:
Originally Posted by de4df1sh
Yes.

I've had some people be shocked.

Some say way too much

Some say way too little

I tend to think the only people who are living cheaper then us probably sleep under a bridge

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Well I would have guessed you sleep under a bridge son. That's pretty sick. Do you feel you miss out on things, experiences, etc?
Winrates, bankrolls, and finances Quote
05-25-2016 , 11:54 PM
Quote:
Originally Posted by bwslim69
Well I would have guessed you sleep under a bridge son. That's pretty sick. Do you feel you miss out on things, experiences, etc?
Tbh yes.

I feel like I deprive myself of alot of things.

I actually feel super guilty whenever I spent money I don't absolutely have to.

For instance, I am in Vegas and currently up 1k and still feel horribly guilty for even coming.

I

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05-25-2016 , 11:56 PM
Quote:
Originally Posted by de4df1sh
Tbh yes.

I feel like I deprive myself of alot of things.

I actually feel super guilty whenever I spent money I don't absolutely have to.

For instance, I am in Vegas and currently up 1k and still feel horribly guilty for even coming.

I

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Been there man. Learn to let loose a bit.
Winrates, bankrolls, and finances Quote
05-25-2016 , 11:59 PM
It's hard ya know.

I'm always like "man I could have I vested that money or paid doen the house or that's 22% of my utility bill!"

It's actually kind of bothersome

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05-26-2016 , 12:00 AM
Yawn...
Winrates, bankrolls, and finances Quote
05-26-2016 , 12:01 AM
Quote:
Originally Posted by de4df1sh
Tbh yes.

I feel like I deprive myself of alot of things.

I actually feel super guilty whenever I spent money I don't absolutely have to.

For instance, I am in Vegas and currently up 1k and still feel horribly guilty for even coming.

I

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Yeah have no ability to relate here. Wonder what that's all about? Life's too ****ing short and you only get one shot bruh
Winrates, bankrolls, and finances Quote
05-26-2016 , 12:02 AM
One thing you can't buy with money is youth.

You can be fiscally responsible and still have fun. Trading fun for the sake of not spending is just...meh.
Winrates, bankrolls, and finances Quote
05-26-2016 , 12:06 AM
Quote:
Originally Posted by Richard Parker
One thing you can't buy with money is youth.

You can be fiscally responsible and still have fun. Trading fun for the sake of not spending is just...meh.


Werd
Winrates, bankrolls, and finances Quote
05-26-2016 , 12:07 AM
Quote:
Originally Posted by Richard Parker
One thing you can't buy with money is youth.

You can be fiscally responsible and still have fun. Trading fun for the sake of not spending is just...meh.
I get where de4d is coming from. Hard to explain but even though I have loosened up I still struggle to let me enjoy what I have earned.
Winrates, bankrolls, and finances Quote
05-26-2016 , 12:08 AM
Quote:
Originally Posted by Richard Parker
One thing you can't buy with money is youth.
Thailand tho
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05-26-2016 , 12:29 AM
Quote:
Originally Posted by BigSkip
I get where de4d is coming from. Hard to explain but even though I have loosened up I still struggle to let me enjoy what I have earned.
I get it, too, but when it's too late...

It's like marrying young.
Winrates, bankrolls, and finances Quote
05-26-2016 , 12:49 AM
$2500/month does seem pretty low... I am 22 and live with and mooch off of my parents ($400 rent, though) and my expenses were just under $1800 in April. However, more than half of my expenses were travel related ($168.37 on gas, $654.90 on lodging, $442.09 on meals) When I was still working a job during the weekdays and only playing poker locally on the weekends I think I had expenses <$1k/month, so $2500/month seems reasonable for a couple of frugal adults depending on where they live.

There's not much I can do about gas or lodging. I have to travel because I can't get a full-time week locally playing 1|2, and now that I'm bankrolled for 2|5 I want to play that, but it only runs sporadically on weekends here. I've tried sleeping in my car and it doesn't work for me. It affects my playing ability too negatively. Gas just is what it is with the miles I am driving. Food is the one thing I could really cut down on, although my expenses aren't too bad and eating out often is a luxury I enjoy, and since I've been running like god on meth recently at everything but 1|2 (breakeven for the last 120 hours) I don't mind spending a couple hundred extra per month.

Maybe next month I'll set a goal to spend <$100 on food. I think I could manage it pretty easily by comp whoring and buying groceries instead of eating out.
Winrates, bankrolls, and finances Quote
05-26-2016 , 01:11 AM
Quote:
Originally Posted by bwslim69
His debt advice is actually awful too (just looked up tonight). Believes you should focus your debt repayment on the smallest balanced debt you have interest rate be damned. So if you owe 5k on a car loan with 1.9% and 25k on a credit card with 20% rate you should pay down the car loan ASAP then move on to the credit card.

Chew on that for a moment
Teaching someone the optimal way of doing something is pointless if they can't or won't follow through with it. If you tried to teach a new poker player how to play optimally the vast majority would fail miserably. They would have a much better chance of succeeding if you gave them some simple guidelines to follow (ie play in late position, raise or fold, fold to aggression, etc).

Dave Ramsey's system is just like putting training wheels on a bike. Sure, you can ride a hell of a lot faster without the training wheels, but the average idiotic American would fall flat on his face.
Winrates, bankrolls, and finances Quote
05-26-2016 , 01:38 AM
Quote:
Originally Posted by de4df1sh
Because my household nets out about 50-60k a year and ee only spend maybe 25-30k a year and that's including discretionary spending
Quote:
Originally Posted by Soner
You are clearly stating here that your investments/savings per month is less than a $100.
Quote:
Originally Posted by de4df1sh
This depends on how you classify savings.

If money injected into my poker bankroll is considered savings then that number goes way up
i'm confused about this as well. If you were living below your means as you stated then you should be putting about $2k/month into savings. So $100 doesn't really jive with that. Either you are spending more money than you think or earning less than you think. You shouldn't have to inject anything into your bankroll unless you are moving up.

Anyways, de4df1sh isn't anywhere close to as big of a life nit as my siblings. When I asked my 2nd oldest brother what he thought of me buying my first house (2700 sf, 2 years old, $120,000) he told me he didn't believe in spending more than $100k for a house.

My 3rd oldest brother bought his first house for $24,000. He spent a couple thousand on lifting the house and it would have cost a bit more to rebuild the plumbing but he didn't want to pay that extra cost so he just taught himself plumbing and fixed it himself (while taking showers at his neighbors house). He was already making six figures straight out of college so it's not like these were costs he couldn't have paid for. Oh, and he rented the other bedroom in his house for $400/mo so the house was more than paying for itself.

My brothers are super cheap but they also enjoy things that don't cost much. IE they all like backpacking and national parks and climbing mountains etc. I bought a 65in TV in 2002 for $3000. By 2007, with 3 of my siblings making 6 figures a year, still none of them had a TV larger than 13 inches ..because they are cheap and because they aren't much into watching TV.

Last edited by Dream Crusher; 05-26-2016 at 01:43 AM.
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05-26-2016 , 01:40 AM
I am indeed trying to move up!

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05-26-2016 , 03:04 AM
@Dream Crusher

It sounds like they'll be able to retire at 45 and live a pretty comfortable life because of it.
Winrates, bankrolls, and finances Quote
05-26-2016 , 03:55 AM
Quote:
Originally Posted by YGOchamp
@Dream Crusher

It sounds like they'll be able to retire at 45 and live a pretty comfortable life because of it.
Actually hoping for bring able to work part time at 55

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05-26-2016 , 11:11 AM
Not you, his boring brothers.
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05-26-2016 , 01:55 PM
Could the mods move this thread to house of blogs and change the name to "Richard Parker's one work opinion on everything."
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05-26-2016 , 04:59 PM
Quote:
Originally Posted by homerdash
At exactly 400 hours after last session, and reversed course on a pretty sharp downswing, and got back over $10k profit in 2016



This is really nice work dude...do you have a 2/5 game available in your local room? Might want to start trying some weekend shots after you hit 12-13k at 500hrs and see how you fare. Looks like your worst downswing in 400hrs was about 10BI's which looks both very solid, and very standard.

Congrats!!
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05-26-2016 , 05:02 PM
Quote:
Originally Posted by Bulljive
Could the mods move this thread to house of blogs and change the name to "Richard Parker's one work opinion on everything."

Lulz
Winrates, bankrolls, and finances Quote
05-26-2016 , 05:05 PM
Quote:
Originally Posted by de4df1sh
It's hard ya know.

I'm always like "man I could have I vested that money or paid doen the house or that's 22% of my utility bill!"

It's actually kind of bothersome

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Teach me your ways!!! I spend $16 on a beer and a shot at the casino and don't even blink an eye. Just couple "reds" out the stack ya know!?

Also buy bottle service for friends at the club cuz...."it's like 1/3 a buy-in" who cares in the grand scheme of things...
Winrates, bankrolls, and finances Quote
05-26-2016 , 05:05 PM
Quote:
Originally Posted by Bulljive
Could the mods move this thread to house of blogs and change the name to "Richard Parker's one work opinion on everything."
Lol +1

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