Quote:
Originally Posted by LordRiverRat
I dunno about that. If you get fired as a bartender for example, and it's not cause you suck at being a bartender, you can very easily get another bartending job. For other fields, maybe it's less easy to find a comparable job, but you can do so as long as you have the credentials. And if you don't suck at managing money, you're probably not gonna become homeless during the transition period.
For poker, if you can no longer play cause the government makes it illegal, or if you can no longer win because the games got tougher faster than you got better, you're fked. Always good to have a backup plan or another source of income imo. Unless you are really REALLY crushing it (> mid six figures per year).
Agree with this. I'd say, even if prohibition came back and it was impossible to be a bartender, you could transition into something else with a long history of steady employment in customer service.
I might be wrong, but I doubt many employers at all want someone who has been a 2/5 grinder for 10 years. Even if your skills could translate, the employer is unlikely to understand this. He might also worry that you've been spoiled, keeping your own hours, no boss. Or that, as soon as you rebuild your BR, you'll quit. And he'd probably be right. Going back to a normal job would be extremely difficult for me, and I think most.
Getting off topic, but if you are gambling full time, you should be kind of a financial survivalist for these reasons. Buy a cheap place for cash or pay it off asap. Live way below your means with little to no debt, etc.
Enjoy the luxury of controlling your own life. Eat like a king off comps. Travel, especially to good poker destinations. But your house, car and clothes should be modest for your income level. This way, when you can no longer make good money gambling, you will still be able to live comfortably as a pizza delivery guy or substitute teacher or whatever, if you need to.
You really don't want to go from 60-100k down to 30k with no place to live, car payments, cc bills and $150 in the bank. 30k with a paid off house and car isn't so bad.