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Article: Twenty Tips for Online Poker Professionals: Part 2

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  1. Jennifear Jennifear is online now

    Niagara Falls, NY
    United States

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    Jan 21st, 2009 (1/21/2009 7:01am)

  2. FouTight FouTight is offline international super spy

    Montreal
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    Jan 22nd, 2009 (1/22/2009 6:54am) in reply to Jennifear

    <p>Excellent article Jenni!!!      Those 20 points are so dead-on!! I will def point to this article to any of my friends who want to 'take the plunge' like i did.   And im glad to say that i have all these aspects under control (easier to do in canada) and i have thouroughly enjoyed my plunge as well! »keep up the good work jenni and to anyone who is considering lessons from thsi girl, i highly recommend her .</p>
    730 
  3. duclover duclover is offline

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    Jan 22nd, 2009 (1/22/2009 7:31am) in reply to Jennifear

    <p>Great article Jen. I'm sure your article will open up the eyes of many of us "dreamers" as to what being a poker pro really consists of.  I think I will keep poker as a 6 figure hobby. LOL</p>
  4. Imustcall Imustcall is offline

    Jacksonville, FL
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    Jan 22nd, 2009 (1/22/2009 7:48am) in reply to Jennifear

    <p>For health insurance, I would lean towards a high deductable policy, 3K or so.   Basically to cover a catastrophic event.  Then set up a medical savings account (consult an attorney) to pay for medical expenses tax free.  I've also wandered about poker players forming Limited Liablility Corporations.  They could then use this company to get group benefits, 401Ks, etc.  </p>
  5. Jennifear Jennifear is online now

    Niagara Falls, NY
    United States

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    Jan 22nd, 2009 (1/22/2009 8:02am) in reply to Jennifear

    <p>Hello Folks!  Thank you for the kind words! Though I'm no expert,  I really like Imustcall's health insurance advice for single players.</p>
    <p>One thing that should be noted is that the title I gave this article is "20 Things to Consider Before Going Pro".  Therefore, the article is intended mostly for those aspiring to take the leap.  </p>
    <p>While I was about as prepared as I could be when I made the jump, there were several pitfalls that I wasn't quite 100% ready for, and I hope that this article shows you what they are, so that if you are going to jump, you are 100% prepared for what you will face.</p>
    Thread Starter
  6. Pokerl)evil Pokerl)evil is offline

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    Jan 22nd, 2009 (1/22/2009 8:11am) in reply to Jennifear

    <p>Great article Jen, I'm about to take the plunge as well, and all these things have been on my mind lately.  Thanks for reminding me about the tough parts of the idea, but I still think I'm ready!</p>
     21
  7. Jennifear Jennifear is online now

    Niagara Falls, NY
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    Jan 22nd, 2009 (1/22/2009 8:39am) in reply to Jennifear

    <p>Excellent Pokerdevil!  You got out of the article what I wanted you to, then.  I hope everyone going in knows what they are getting into.  If you do, and you are prepared, your chances of success are much greater!  Good luck!</p>
    Thread Starter
  8. Underdog Underdog is offline MVP of OT (self-proclaimed)

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    Jan 22nd, 2009 (1/22/2009 9:16am) in reply to Jennifear

    <p>Excellent article, as always Jen.</p>
  9. jayhawx jayhawx is offline

    Denver, CO
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    Jan 22nd, 2009 (1/22/2009 9:26am) in reply to Jennifear

    <p>Great article.  Regarding insurance: if you do some research a lot of states are starting to provide cheaper health insurance to people who are self-employed.   I live in colorado and insure my family of four with 4full coverage for $300 a month through a state funded non-profit organization.     </p>
  10. lukaluka05 lukaluka05 is offline

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    Jan 22nd, 2009 (1/22/2009 9:29am) in reply to Jennifear

    <p>if you are young/single definitely get a insurance plan with hi deductable 3k-5k. they cost only 50-80$ a month and you are covered for catastrophic events. also....start a ROTH IRA account. it is a retirement savings account where your money is taxed on the way in but is tax free on the way out (retirement). only draw back is the FEDs cap your allowed contribution each year to somewhere around 5k. still...how many of you save that much per year for retirement anyway? gl at tables all....</p>
  11. VINNY VT VINNY VT is offline

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    Jan 22nd, 2009 (1/22/2009 11:35am) in reply to Jennifear

    <p>If you make 45k at your job, you need to make at least 120k minimum at poker imo because of all the  reasons stated.</p>
    <p>Friday, Saturday, then Sunday imo are best nights, this is for cash tho.</p>
    <p>Health Insurance blows, if you have any small issue your premiums will automatically be higher, or if you are on a certain medication.</p>
    <p>Telling people you play poker for a living is pretty awkward for the most part because people don't have a clue.</p>
  12. mathclub mathclub is offline

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    Jan 22nd, 2009 (1/22/2009 12:19pm) in reply to Jennifear

    <p>Jen rules as always.</p>
    <p>great article</p>
    2
  13. lpaper lpaper is offline

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    Jan 22nd, 2009 (1/22/2009 12:43pm) in reply to Jennifear

    <p>anyone catch the ric flair quote in #20</p>
    3
  14. 420beats 420beats is offline

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    Jan 22nd, 2009 (1/22/2009 3:42pm) in reply to Jennifear

    <p>Move to a free country and save the 40% in taxes. Duh.</p>
  15. The Spewtard The Spewtard is offline

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    Jan 22nd, 2009 (1/22/2009 7:47pm) in reply to Jennifear

    <p>Great article! So true about the social stigma. That gets really annoying, especially when you're not famous...</p>
    770 2
  16. Be_Right Be_Right is offline

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    Jan 22nd, 2009 (1/22/2009 8:37pm) in reply to Jennifear

    <p>For health insurance, getting the high deductible health plan is the way to go but you have to open a health savings account and fund the full $3000 all tax free</p>
  17. hitman247 hitman247 is offline

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    Jan 23rd, 2009 (1/23/2009 9:44am) in reply to Jennifear

    <p>Great article!  </p>
  18. thehairlip thehairlip is offline

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    Jan 23rd, 2009 (1/23/2009 12:36pm) in reply to Jennifear

    <p>great article Jen and really holds alotta weight by those impressive results. Rule 21 must be: Helps to have a wealthy boyfriend.  LOL  Great run the last couple weeks-Keep those informative articles coming and we'll see you at the tables</p>
  19. foxypham foxypham is offline

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    Jan 23rd, 2009 (1/23/2009 5:22pm) in reply to Jennifear

    <p>Great article, but kind of similar to a blog entry I wrote several months back...</p>
     
  20. foxypham foxypham is offline

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    Jan 24th, 2009 (1/24/2009 3:50am) in reply to Jennifear

    <p>Obv, I'm a donk. You can find this blog at foxypham.vox.com. The blog entry is balancing life and poker on Sept. 7, 2008.</p>
     
  21. wny2nyc47 wny2nyc47 is offline

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    Feb 4th, 2009 (2/4/2009 10:39am) in reply to Jennifear

    <p>Points 10 and 11 are discussed in your blog entry.  The other 18 points are not.  Any "similarity" to your blog entry is specious, at best.  Back under the bridge!</p>
  22. marc1313 marc1313 is offline

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    Feb 6th, 2009 (2/6/2009 2:47am) in reply to Jennifear

    <p>excellent write up as always jennifear.  that's why you are the best.</p>
  23. 1Icemanmambo1 1Icemanmambo1 is offline

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    Sep 6th, 2009 (9/6/2009 3:01pm) in reply to Jennifear

    <p>taxes??? lololol   you forget deductions!!!!!   If I am sitting at my comp all day my deductions include my MONSTER drinks too!</p>
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