Quote:
Originally Posted by MinimalFunkd
I've just finished reading the entire thread, excellent read, glglgl on your journey.
I finished reading 'Rich Dad, Poor Dad' recently like yourself. I recommend reading 'How to Own the World' by Andrew Craig next, another excellent read.
I find the philosophical questions you pose to be very interesting. 'Previously the plan had been get up to highstakes online and grind out a large chunk of cash and go into real estate. But what if I could make the $$$ I want from playing midstakes cash and being dedicated? What if playing 25/50 is totally unnecessary?' - I think this is entirely dependent on what you want to achieve in life. You have already outlined that you would like to be financially independent and have a family of your own, but you don't seem to be satisfied with just that. Have you potentially looked into what you would do with your life if you became financially independent and had a very strong passive income? My goal and motivation for achieving financial independence is to pursue philanthropic endeavors. By setting myself up financially, I put myself in a better position to improve the world. I haven't looked too much into it, but the impact that can be made in developing countries by putting lots of money into the economy can be staggering. I don't mean just donating to charities, but actively seeking out areas that you can help, purchasing raw materials and working on the projects first hand. Obviously philanthropic endeavors aren't for everybody, but I think it is worthwhile spending time thinking about life after financial independence. You don't seem like the kind of person who would be happy with taking an early retirement and spending all day watching TV or lounging on a beach. Obviously leisure activities are good, but I think you would do well to find something productive that you could do with your time once you achieve your financial goals. Once deciding this, you can decide whether playing 5kPLO is necessary, or whether you can get by playing lower stakes and still achieving everything you want to achieve.
glglgl and I'll continue to follow, this is one of the more interesting blogs I've read on here.
Hey man thanks for your contribution, I'll check that book out for sure. I had a conversation on a similar topic (money, then what?) last night. Where I stand is somewhere in between lots of leisure activities and where you are with putting your back into philanthropic endeavors. It's something I'm definitely still figuring out and I'm sure as I grow my ideas will shift. I've given some thought to whether I can make financial-independence-level money from midstakes and I know that I can. Part of my nature tho is to be very competitive and climb the ladder of competition. I'm naturally adding in more 1kpl as I have the roll (conservatively) for it. I don't see why anything would change if I had access to beatable 2kpl games etc. Anyway, please feel free to carry on the discussion.
So last night I met up with two 2p2ers and had an absolute blast. We checked out a London tea room styled after 1950s Hong Kong which had some unique cocktails, played some 5card/6card plo while pretty drunk and did some bar hopping, with two of us ending up at the vic. Definitely looking forward to making friends with the one staying here as we're both here for the next year.
I've played 31.5 hours since I last updated (a week) including 3 days completely off so volume has been okay but low. Stars is at 36257. I'm finally in the black for live since I moved and B sites have been going well. I'm steadily progressing in terms of bankroll building so I haven't been stressing too hard about volume although I really should put in more time.
My back has healed 85% so I can walk around without issue again. It really makes me thankful for all the things I have that I ordinarily take for granted.
I learned while talking to the 2p2ers that i'm a total online banking fish so I'm going to get set up with skrill, lloyds etc asap.
Oh also I ended things for the last time with the girl in America I'd been connected to. It was tough emotionally for both of us as we still like each other a lot but our paths are just on two different trajectories. I could have handled things better and will try to in the future but it's all over now. As such I won't be in my uni's town while i'm in america and instead will be in the bay area/LA hoping to put in some monster hours in good games just camping the lobbies as much as I can. Before Apr 4th I'll continue to play medium volume and progress the other aspects of my life i've been exploring. Since I won't have access to stars for a lot of the time, I'm scrapping the end of April 100k on stars soft-goal I had and will figure something else out. That was a bad goal in the first place because I play a decent amount of volume on other sites and some live, while it really only would have made sense if I was playing solely on stars. I'll try to figure out either a $ goal or an hours goal for my grind while I'm in the states but for now I'm going to focus on me and how I feel and what I want and where I'm going. The soft stuff in life.
Cheers