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Originally Posted by Avaritia
Here’s the thing. There are so many different angles to talk about this. (Poker dying, live poker being awful, downswings hurting, etc). But for those with a degree and working in the professional world I like to talk via that angle.
Caveat all of this with I very sincerely believe you as a human being should do what you want in this life. If that is painting, writing, surfing, etc. You should put all of your heart and energy into that. Human beings were not meant to be in cubes. A good friend of mine is a charter fishing captain who makes 1/3 what I do and I envy the **** out of his life.
That said, if you are blinded by the idea of wealth attainment, as many are, poker is a less lucrative path than corporate.
Your career is an upward trajectory, honestly even if you don’t try. But if you try, it can be a rocket. There are so many resources people aren’t really aware of in the Corp world. Just like poker requires study, networking, getting in the right games, Corp requires study, networking, getting on the right teams. It’s all the same, except your salary grows, largely so, every several years. Get on indeed. Talk to recruiters. Set up meet and greets with VPs. It’s honestly not hard. Just yolo.
When you create a hole in your resume early in your career, you severely handicap yourself. It’s not year 1,2,3,break,4. Its year 1,2,3,break,1. That’s how it works. If you are an analyst/manager 1/engineer 1, whatever...trying to re-enter the labor market...a new company dngaf about how many years you “had” with a company 2 years ago. It only matters with current employment. Bc then it looks like you are looking for growth. Instead of looking for a job.
Anyone with a degree in the Corp world who applies themselves will hit $100K by 30. Playing poker passively part time, you can add another $20-$40K on that, depending on what games you play. More importantly, you now have liquid cash flow for an infinite bankroll. Some people think I can play 10/25 bc I am good at poker. That’s not it. I can play 10/25 bc I can lose 3 buy ins in a night and not want to kill myself. That is bc of my career. Not poker.
Money starts to grow on itself exponentially. Put as much savings as you can into a SPY and don’t touch it and don’t watch the markets. This is called indexing. Everyone with a d*ck and a dream thinks they can beat the markets or that crypto is the next thing or whatever. That’s spew/degening. When you index you are essentially betting on an economy. There will be ups and downs but overall if you think the us economy will still be here 50 years from now you should index.
By 35 my portfolio will be generating returns equal to my salary. This is the game of wealth attainment; this is how it is done. I dont recommend this path to anyone, but it is certainly a better way to become wealthy over poker.
Seeing people that sunrunned poker and are now playing nosebleeds...that is the same thing as youtubers that clear $1M. It’s the same thing as seeing twitch gamers that make $100/hr in donations. Same for any weird field out there where there is money to be made. There will always be the top. I’m not saying you can’t be it. But you can be the top anywhere. And it’s easier to get there with good career trajectory.
I agree with your general sentiment. If you are looking to clear $100k a year, poker is one of the worst and most improbable paths to do it. Look at pharmacists who average a good amount over $100k a year. Well, there's hundreds of thousands of them in America. How many poker players do you think are making six figures? A tiny fraction of that maybe? So if your goal is to make money, why pick the least likely path?
However, I disagree with you on a few things. I don't think corporate is as much of a sure thing as you make it out to be, and luck plays a big part. The problem with having a "good career trajectory" is that you have to make decisions to get on this trajectory at an age when you are least informed to make this decision. If you pick the wrong one, you're handicapping your earning potential for the rest of your career. Once you start in one field, it is really hard to jump onto another one.
Also, there's the problem of people under 30 who have been in a bull economy for the past 10 years. Yea, the starting point in the aftermath of the great recession was a low point, but we've been on this insane run for a decade where every asset class has grown dramatically without any real setbacks. Of course the corporate world is going to look like a great and sure thing. Well, this is the career equivalent of running hot. I know investment bankers going from 6 figure salaries and bonuses at major banks to working for a small fraction of that at a "temp" job they held for several years after they got laid off in 2007/2008. Those people kicked out of their career path will never get rehired in a comparable position. They don't get to return to where they were when the economy recovers, they are permanently replaced by the next generation of talent. Don't give corporate advice unless you've gone through that period professionally, wait until the next crash comes and see its impact on people's savings, investments, wages, and finances before extolling corporate gigs.
I think overall, the vast majority of poker pros and poker pro wannabes would still be better off in a "real" job, I don't think the pros and cons are weighted as fairly as it should be.
I think that being at the higher skill end of poker pros, poker as a profession is better than the vast majority of corporate professions. This is especially true for unmarried younger men. Because in the corporate world, your age often holds you back when you're young. You're probably never making partner at 25, never becoming MD at 25, never reaching a position where you can rake in mid to high 6 figures when you're in your 20's. But poker doesn't have these artificial barriers. You can spend your 20's earning what you deserve to earn based on your skill and you also get to have the time and freedom to enjoy the money you earn. You get to travel the world on a whim and spend your best years doing it. You can enjoy your youth to an extent that someone constrained by a schedule and a location under threat of being fired simply can't. But this all assumes, of course, that you have the necessary aptitude and skills to succeed in poker.