Thanks GatorXp. Happy Turkey day.
I’m hoping. We’re truly starting from the bottom, but we’ll get there. W little bills to pay now, we can save save save. Those kids tho always emptying my pockets.

Looking forward to 2018. Should be a nice, relaxed, fun year full of gambol.

Apologize for my behavior during my Sciatica stretch. The pain got the best of me and so did those pills.

The therapist did wonders on it, and pain has subsided tremendously. Stopped taking the pain pills after the bike trip and back to working out.

From the corn fields of southern Indiana, Happy Thanksgiving y’all.

Life happens bro.

#noapologies

cliffs? howd OP do?

Butterfly, why are you so anti-debt? Especially that of the home mortgage variety.

Per usual, he laid it all on the line, but always finds a way to blow it.

short version Cliffs

2013 Poker Totals.
The goal in 2013 was to make $40K playing 1/2nl only.
Cash: $35,031 @ 26.66/hr on 1313.5 total hours. 70.5% winning % playing just 1/2nl.
Tourney: -$1,027
Overall: $34,004

2014 POKER TOTALS.
Overall for 2014:
Cash: +$45,314. $52.22/hr.
Tournaments: -$4,115
Overall: +$41,199

2015 POKER TOTALS
Cash: $44,412. $38.95/HR @1,140hrs
63% win. Crushed 1/2nl @ $45.52/hr on 667 hrs. Only $15.96/hr at 2/5/10nl on 185hrs.
Tournaments: -$1,830 74hrs
Overall: $42,582 on 1,214 total hours.

2016 poker totals
Cash: $16,349 $25.01/hr. @653:45
Ran bad (red) in big games. Crushed 1/2 ($41.03/hr)
Tourney: 0 for 5 -$5,290
$11,059 overall

2017 Poker Totals
The goal was attempt 2 (first attempt in 2013) at $40k playing 1/2nl only.
Finished around $28k before I got banned for vlogging inside Horseshoe Southern Indiana Aug 22nd. Because of the the, regretfully, had to call off the challenge.

2018
Gathering ideas.

everyone is different. I know some like to establish credit to help them get loans or whatever. Some like to buy things on credit and use points for this and that, pay off credit.
personally, never had a credit card and never will. In my best Randy Moss voice, "str8t cash homie"

When i pay cash it's just easier to manage my money, easier to get ahead and much simpler life.
Hard to save and build a roll when u have to pay those monthly payments. The more they drag out the more money u lose. Not only on ur pockets, but the value of the thing u purchased as well. I don't agreee when someone says that buying a house in a gd investment. Such a blanket statement that isn't true for most people. Sure it cd b a gd investment if u get a great deal on a home, paying cash. But for the masses, it's the standard 20% down 30yr fixed. In that case, imo, it's not a gd investment. You'll never get the money out of what u put in. For example, 250K home purchase, borrowing 200k @ 5% over 30yrs; wd prob set u back $1100/mo x 12 = 13,200/yr x 30 (terms of loan) = 396k. U now paid double what u borrowed.

For me, I hate thinking that i am paying all that wasted interest $. Without that big mortgage bill, all i have is utilities and 3 kids that always want money. Sure, broke now after forking over 225k to pay off the house, but shd b waaayyyy easier to save and build it up. Plus, i can take some serious risks now. If all else fails, at least the house is paid off.

Depends what you consider a bad investment, imo it's a much better investment to pay interest over 30 years than to live in an apartment and gain 0 equity, and you have to live somewhere. I think you could have made more investing that 225K than you will save in interest over those years.

Yeah the point is that a mortgage is low interest. You can use that 200k loan to make more elsewhere.

But I respect your decision. It’s definitely not a BAD one. And gives you a more stress-free life!


Sent from my iPhone using Tapatalk

Valid points.

I decided to take the guaranteed vs investing in another project at this time.

as long as I can make 1k a month lol now, I shd b gd. Anything extra goes to shot takes, and toys.

We are now to the point where I have to EITHER buy in for $200 in a 1/2 or short buy 2/5.

I decided short 2/5...grinded up $200 to $660ish...before this hand...
KK in LoJack and decided to cold call the $35 3bet from a lag on my right.
Initial raiser in +2, calls.
No player history on the 2 30somethings. Both well dressed and seem like the professional types (not poker but still thinkers).

3better $1k stack, initial raiser is new player to the table that came w a $500 stack and a glass of wine.

3 players to Flop
410A
Pot $100ish.
All players check through.

Turn is 5
P1 check, P2 bets $35, i float (w maybe best hand???), P1 ch/calls.

Pot $205 ish.

River is insignificant 9
P1 tosses 2 chips in (hundred and a quarter) after a short delay, p2 calls after what seems to b some serious thinking. Action on me.

Options anyone?

BS how common are 3 bets in this game? I suck and would probably call but would expect to see an Ace or two pairs from at least one of the Vs over half the time. Good chance though you are up against weaker pocket pairs.

I’ve seen this lag 3bet 2 other times within 1hr, but did t not see his hand. He won once w no showdown and mucked once.
3bets in this game were average. Nothing too high or few.

The check/call then lead river from p1 indicates a pretty darn good hand imo. At least one of them have you beat.

Also raise pre IMO

Also is super small 3! common in your games?

Yeah I thought the 3bet was a little on the smaller side, but no callers of the $15 when it got to him. He did size his other 2 3bets larger but he had more players to deal w.
Was gonna 4 bet, which in these games mean AA or KK. At least I felt these players involved wd think that anyhow. So didn’t want to face up my hand and go that route in this spot. Maybe it cd hv saved me some trouble tho, or maybe not on this flop, who knows. ??

4! Pre let's save the fancy stuff for when we are rolled and take our 57 rake free dollars when they fold fist pumping while we do it, if they don't. .even better.

This is that time you need a 3 sided coin.

Rayz, I completely get not wanting any debt v investing the money. It's a mental thing for a lot of people.

But, why not pay all that principle down to where you only owed $25K on the house to where the interest payments are negligible at like $60 a month. Then you have some left over cash to play with.

Also, whats the plan for the tax man in a few months when the government wants its share of your Enphase/Melody profits?

Fold?, Call $125? Raise?

My read on P1 was that he's bluffing a draw.
My read on P2 was that he had a marginal hand. JJ-KK or AK AQ.

After I narrowed these hands down, I decided to bluff raise the river to $300. Just in case he does hv something like AK or AQ and cd mayb find a fold. *Facing this line, i feel it wd b hard pressed to continue from P2's perspective. A little over min raise seems really valuey.

I cd hv also just called, but folding in this spot didn't quite feel right. I guess u just had to b there to get that feel/vibe. After the serious delay from P2 calling P1 otr, it felt he was calling thin.

So back to the river...
P1 bets $125, P2 thinks forever ad calls, I raise to $300 w my cowboys.
P1 quikcly folds to the raise, and was a bluffing a draw (said he had 78).
P2 ponders again, and finally calls w AJ


I told him, "gd call" and racked up few orbits later. Cd hv been a $1k day if he cd somehow find a fold, instead +$116.
Thought about that hand the whole way home.


__________________________

Update:
We hv 8 buy-ins of $200 on the pokerz.
In addition, have $2k set aside for Christmas. Of which, already spent $1,500 on a New York trip for the family. It's gonna be part of their Christmas. Got $500 more to spare.

I think it's a fold after P2 calls the river bet. I think that the river raise could work, but you would need to make it more than another $175, he's pretty priced in with most aces here.

Stellar Lumens

Ur first statement is all me. Ur right

Second statement. I didn’t want to carry any debt. Thought I wd b gaining some traction w he leftover money, but been running way below ev in spots.

Third statement. Don’t think I hv a capital gains tax on The Melody she nice owned more than 3 years. Cd b wrong. As far as ENPH taxes, gonna hv to fig it out.

Wreath Update:

It’s found it’s spot and hanging out properly.



Wall pic is moving along nicely. Got 2 of 3 mounted on foam board. Need to find some brackets to secure onto them for hanging.

Been thinking about some 2018 goals. Shd b posting those in a couple weeks. If u hv any shot take ideas u wd like to see lmk. 2018 is gonna be the year to break even or break loose.

My local sonic restaurant is having a wreath competition with first place getting 1k I think it said. Check your local sonic and go win that ****!

You're going to owe short-term capital gains on all the stock trading you did. It'll be somewhere between 20% and 30% depending on your tax filing status. I am no real estate tax expert (or tax expert in general), but I'm reasonably sure you'll owe it on the Melody. Tax exemptions on property are generally isolated to primary residence. In that case, you'll owe 15% cap gains.

This is all to say that it looks like you'll owe a significant amount of taxes. You were up something like $60k on ENPH? That'll be at least $12k. Melody was around $50-$60k, so that's be another $8k-$9k.

I know you hate debt, but I'd strongly consider taking out a mortgage on your home to get more liquid. You can't take shots if you have no meaningful income nor bankroll to build upon. A $50k mortgage would cost hardly anything ($236/month for a 30-year at today's rates). With the $50K you could settle up with the tax man and leave yourself a roll to spin up. You hate debt, but you'll hate it even more if you have the tax man come after you.

With the way you crush 1-2 and live a frugal lifestyle you'd be able to pay off the mortgage in short order.

You're very close to being able to take shots, but you don't want to create issues that jeopardize the hard work you've already put in. You lived with mortgage debt for many years, so 1-2 (or less) more won't hurt you. It will give you peace of mind. You started this adventure looking for a zenful life and now you're under-rolled for something you are quite good at and facing a significant tax bill, sounds anything but zenful.

Talk with a tax professional to figure out how much the exact tax bill will be and triangulate that with a proper roll and take that out as a mortgage.

Your journey has been inspiring to read, so thought the least I could do is offer my two cents.

Thanks for all of this.