Thinking of taking $250,000 to Vegas and live there for a year. Amateur Poker player
Hey guys,
I have had some pretty good runs at my local card room and I am thinking of creating a blog that logs my hours and P&L and show the world two things: Go broke or become Pro.
DOnt get me wrong, I actually like my job but I'd rather be playing poker and have my own schedule than this corporate life.
Bankroll breakdown:
Savings: $50k
Stocks: $100k
401k: $100k
No House
No Debt
Cheap current rent.
Single
Heres the deal, the stock market has been on fire lately and Im thinking of liquidating everything in my brokerage account. I will leave my 401k alone just in case the market continues its bull run.
I know cashing out of a 401k is costly with this size but I will only tap into this if my savings/Stocks funds dry up in Vegas.
I will be doing the following:
only playing 2-5 No limit.
I wont increase this limit.
Never play blackjack
Only 8 hour session max. Leave by 5pm (like work).
Only live in vegas for one year.
If I am up $50k Cash than I will stay another year. $50k might not be a lot to live in for a year but tax free $50k is money I am willing to live with.
I will also track my day to day activity here on SBR.
Dont know exactly when or how this will take place but It was just something I was thinking of lately. Gotta live it up while your young and stupid.
I have had some pretty good runs at my local card room and I am thinking of creating a blog that logs my hours and P&L and show the world two things: Go broke or become Pro.
DOnt get me wrong, I actually like my job but I'd rather be playing poker and have my own schedule than this corporate life.
Bankroll breakdown:
Savings: $50k
Stocks: $100k
401k: $100k
No House
No Debt
Cheap current rent.
Single
Heres the deal, the stock market has been on fire lately and Im thinking of liquidating everything in my brokerage account. I will leave my 401k alone just in case the market continues its bull run.
I know cashing out of a 401k is costly with this size but I will only tap into this if my savings/Stocks funds dry up in Vegas.
I will be doing the following:
only playing 2-5 No limit.
I wont increase this limit.
Never play blackjack
Only 8 hour session max. Leave by 5pm (like work).
Only live in vegas for one year.
If I am up $50k Cash than I will stay another year. $50k might not be a lot to live in for a year but tax free $50k is money I am willing to live with.
I will also track my day to day activity here on SBR.
Dont know exactly when or how this will take place but It was just something I was thinking of lately. Gotta live it up while your young and stupid.