If you have won a fair amount of money from playing poker over the years you will have no doubt thought to yourself at some point or another ‘should I do this full time?’ It is very tempting after all. Instead of having to go out to work 5 days a week 9 till 5 working in a job that you don’t particular enjoy you can instead play a few games of poker a week, which you absolutely love, and win double your monthly salary in one sitting. So why not take the plunge and go for it? Well a plunge it is! It is very daunting to give up your full time job, your security blanket if you like, and earn your money via playing poker but it can be done, and it is being done.
Why would you want to play poker full time? Freedom. The good thing about coming from working a full time job to going to making all your money from poker is the freedom it will give you, and having been working all those hours, year after year, you will certainly know how special your freedom is to you. A young teenager playing poker for real money will not value their freedom as much, and making a living from poker could be potentially quite dangerous for them. None the less your freedom is priceless. You can go where you want, do what you want, make your own hours, be your own boss, what could be better? As long as you have the discipline and maturity to live your life responsibly then this will be a real treat for you, as previously said if you are young this privilege might be abused and you could end up being a little worse for wear so be careful.
A few of the advantages have been mentioned and so what are the cons? You need to win! Sounds simple enough as you have been wining all these years but will it be harder when you know it is your only source of income? Players who go full time need to try and not let the pressure of it affect their game or they’ll be back in work before they can say fold.
No matter how good a poker player you are and no matter how many times you have won or how much you have won you are always liable to lose. Never get so cocky that you think you are unbeatable. If you do you could potentially end up losing a lot of money, this is bad in any circumstance but it is especially bad if you have no other way of bringing in money that month.
Be smart with your winnings. A good rule of thumb is to save 10% of your winnings so you always have a buffer of money just incase and re-invest 30% of what is left. That could mean stocks and shares if you are into the market, or maybe put it into property or another business. If you have money coming in from other revenues you are spreading your eggs in a few different baskets so if one basket drops you still have eggs elsewhere, don’t put all your eggs in one basket!
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