40k bankroll and enuf for a year so bout 12-20k life roll

 

Originally Posted by Sdanby

eh? i think peoples common misconception with poker is that they think if your not making $100k a year playing its not worth it. Friends of mine coming out of Uni, are starting on about $30k/year and often below that number. I finished Uni 1 year ago, with a $2k bankroll and pretty much no life money, and since then ive been living the same if not higher standard of life to them, whilst growing my roll to over $10k. If you got a good plan and youve looked into it enough you dont need masses of money.

I mean out of interest where do you just pick this number, $40k and 12-20K liferoll from?

I guess a 6 month of breaking even and you will agree with him. 400-500 buyin roll + 1 year of living expense is a minimum imo

 

Originally Posted by Deafness

I guess a 6 month of breaking even and you will agree with him. 400-500 buyin roll + 1 year of living expense is a minimum imo

i mean i play a pretty low variance schedule of soft fields and have had over a year in consecutive winning months. my point is if you have a good plan and have put time into creating your schedule then you can do it with alot less. His question was very vague, and i agree if your gonna grind low stakes mtts on stars yeh your gonna need some money behind you cuz the variance will be massive

 

Originally Posted by apology7

after black friday how would anyone want to quit there job?

if they aren't in the us? (OP Is in the US though so that has me baffled...)

 

Originally Posted by Duff McGuire

I dont know your ages. But I am assuming low 20s. You need not to think about how much you need now. You need to think of what you will need years from now. Sure short term you can survive but what about when you have a wife and children? and all you have been doing it getting by. Unless you hit it big you will not have college money for your kids, heath care is real expensive andwill not have any $ for retirement. Think long term get your education, get a good paying job and play poker in spare time. You dont want to wake up one morning with a family and have to make X amount each day grinding so they can eat. Trust me.

So what would you need to feel comfortable not working? 2million? more?

 

Originally Posted by bonflizubi

if they aren't in the us? (OP Is in the US though so that has me baffled...)

I think your misunderstanding the question. I'm not talking about grinding it out for the rest of my life. What I mean is using poker as your only source of income but not being a grinding nit, worrying about maintaining a high hourly or BB/hr. More like playing poker just for some extra cash in your pocket

Depends what your job is obviously, and yeah would start with no less than 40k, thats pretty shallow br too.

 

Originally Posted by Poker Orifice

idk.. around tree-fiddy I guess.

I kneed fo fitty

 

Originally Posted by Gomer6561

I think your misunderstanding the question. I'm not talking about grinding it out for the rest of my life. What I mean is using poker as your only source of income but not being a grinding nit, worrying about maintaining a high hourly or BB/hr. More like playing poker just for some extra cash in your pocket

Makes no sense

 

Originally Posted by MakeMeMaster

Depends what your job is obviously, and yeah would start with no less than 40k, thats pretty shallow br too.

Well yeh for the stakes you and mcandrews play this is going to be necessary, but he has already said hes a low stakes grinder.

you could prob be fine with a years worth of expenses and a 20k roll

depends what stakes you play but if you play mainly MTT's like up to 75 FO and 20 rebuy that would be about 300 buyin's which should stop you going broke if your sensible and mix in lower variance small field mtt's etc

For me personally I would have a years salary after tax put away (is more than life expesnse for a year normally for most) so bout $38k in the bank and $20k roll.

Also would not quit work if i did not think i could make that $38k a year at least playing full time, although it doesn't kill you to have a year out of the workforce. It's not great to quit and then have to find full time employment again after a year

lifes short, go for it son... although ur from the u.s....stay in school..

 

Originally Posted by MakeMeMaster

I wouldn't quit my job to grind low stakes tho.

ok i agree with tht, but i ddnt have a job in the first place

 

Originally Posted by gosoxxx

U didnt start grinding low stakes? MMM you are so fcking cool man!!!!!!!

Did I say I didn't? Reading comprehension ftw.

Don't quit your day job. If you don't have a job, go get one and grind part time. If you bink something big enough to give poker a shot for a living then go for it - but I wouldn't suggest doing so if you have a wife and kids. I almost thought of quitting my 9-5 and giving poker a shot a few years back, good thing I didn't. The older you get, one of the most important things to have is health insurance, which a lot of companies offer up for a decent price. Otherwise, you will have to pay a shitload out of pocket. If no one relies on you and you're single, plus you don't have a substantial amount of bills to pay, then you can probably give it a go with a low 5-fig bankroll and liferoll.