GOCUBSGO 77 Posted December 7, 2009 Share Posted December 7, 2009 I finally decided to quit my job today. It's a very stressful job with long hours and I've honestly wanted to quit for a long time now. I have quite a bit of savings, stocks, and my 401K, so money wise I'm not really worried. I have decided to really dedicate the next 6-8 months doing nothing but playing poker and enjoying life. This is not my declaration of "going pro" cause I'm far from that and I really have no intention of playing poker as my profession (although it would be sweet ) I plan on going back to school in the fall and finishing my degree. After that, who knows. It is such a liberating feeling. Its scary not knowing what lies ahead, but thats what makes it so rewarding. Just wanted to share that with everyone. If anyone has done anything like this before, I'm sure you can relate.See you all at the tables!-Josh Link to post Share on other sites
kobe2odom8 14 Posted December 7, 2009 Share Posted December 7, 2009 gl josh Link to post Share on other sites
HighwayStar 8 Posted December 7, 2009 Share Posted December 7, 2009 gl josh Link to post Share on other sites
GOCUBSGO 77 Posted December 7, 2009 Author Share Posted December 7, 2009 gl joshTY sir! Link to post Share on other sites
redhollywood 0 Posted December 7, 2009 Share Posted December 7, 2009 GL man Link to post Share on other sites
MaxStPolish 4 Posted December 7, 2009 Share Posted December 7, 2009 I finally decided to quit my job today. It's a very stressful job with long hours and I've honestly wanted to quit for a long time now. I have quite a bit of savings, stocks, and my 401K, so money wise I'm not really worried. I have decided to really dedicate the next 6-8 months doing nothing but playing poker and enjoying life. This is not my declaration of "going pro" cause I'm far from that and I really have no intention of playing poker as my profession (although it would be sweet ) I plan on going back to school in the fall and finishing my degree. After that, who knows. It is such a liberating feeling. Its scary not knowing what lies ahead, but thats what makes it so rewarding. Just wanted to share that with everyone. If anyone has done anything like this before, I'm sure you can relate.See you all at the tables!-JoshGood luck man.Not sure what "quite a bit" equates to, but for your own sake, make sure you've analyzed this through and through. It's easy to be short-sighted when it comes to savings when your short-term desires are being fulfilled.Obv your 401k should be a moot point here (except for the added capital you won't be adding in while unemployed) as you shouldn't be touching it at this point anyways.As you also don't want to be set up for 6-8 months off, at a pace that would pretty much tap you out, unless you are comfortable with that AND know you'll be able to get work back at anytime.That said I can totally respect not wanting to live to work. Life entirely on work's terms isn't living.Anyways, again best of luck and just wanted to throw a couple food for thoughts out there. Link to post Share on other sites
AdamDarv 0 Posted December 7, 2009 Share Posted December 7, 2009 Lucky Link to post Share on other sites
JustLikeNegs 1 Posted December 7, 2009 Share Posted December 7, 2009 401k? did i miss something? Link to post Share on other sites
GOCUBSGO 77 Posted December 7, 2009 Author Share Posted December 7, 2009 Good luck man.Not sure what "quite a bit" equates to, but for your own sake, make sure you've analyzed this through and through. It's easy to be short-sighted when it comes to savings when your short-term desires are being fulfilled.Obv your 401k should be a moot point here (except for the added capital you won't be adding in while unemployed) as you shouldn't be touching it at this point anyways.As you also don't want to be set up for 6-8 months off, at a pace that would pretty much tap you out, unless you are comfortable with that AND know you'll be able to get work back at anytime.That said I can totally respect not wanting to live to work. Life entirely on work's terms isn't living.Anyways, again best of luck and just wanted to throw a couple food for thoughts out there.I appreciate the advice. It's definitely going to be temporary until I go back to school. I know a few places where I can always find work if necessary so if worse comes to worse. But I definitely was living life based on work's terms and I was just sick of it. I want to find a profession I enjoy, regardless of the pay. Link to post Share on other sites
lurbz 2 Posted December 7, 2009 Share Posted December 7, 2009 401k? did i miss something?a 401k is a retirement account, not the amount he hasi'm saying that assuming you aren't familiar with a 401kmy expenses only come out to like 600 a month so i've been out of work and paying through poker since like august, gl Link to post Share on other sites
GOCUBSGO 77 Posted December 7, 2009 Author Share Posted December 7, 2009 a 401k is a retirement account, not the amount he hasi'm saying that assuming you aren't familiar with a 401kmy expenses only come out to like 600 a month so i've been out of work and paying through poker since like august, gl$250 rent + $100 utilities + $100 cell phone + $100 groceries + xxx spending money = 600-700~ for me Link to post Share on other sites
serge 904 Posted December 7, 2009 Share Posted December 7, 2009 good luck..Hopefully you will do better than the Cubs Link to post Share on other sites
JustLikeNegs 1 Posted December 7, 2009 Share Posted December 7, 2009 a 401k is a retirement account, not the amount he hasi'm saying that assuming you aren't familiar with a 401kmy expenses only come out to like 600 a month so i've been out of work and paying through poker since like august, glah ok. wasnt aware of this. Link to post Share on other sites
GOCUBSGO 77 Posted December 7, 2009 Author Share Posted December 7, 2009 good luck..Hopefully you will do better than the Cubsa low blow sir, a low blow.... Link to post Share on other sites
Darth Maple 0 Posted December 7, 2009 Share Posted December 7, 2009 I finally decided to quit my job today. It's a very stressful job with long hours and I've honestly wanted to quit for a long time now. I have quite a bit of savings, stocks, and my 401K, so money wise I'm not really worried. I have decided to really dedicate the next 6-8 months doing nothing but playing poker and enjoying life. This is not my declaration of "going pro" cause I'm far from that and I really have no intention of playing poker as my profession (although it would be sweet ) I plan on going back to school in the fall and finishing my degree. After that, who knows. It is such a liberating feeling. Its scary not knowing what lies ahead, but thats what makes it so rewarding. Just wanted to share that with everyone. If anyone has done anything like this before, I'm sure you can relate.See you all at the tables!-JoshMe 2 as of mid-January 2010. I'm travelling the world. Good luck bro! Link to post Share on other sites
vbnautilus 48 Posted December 7, 2009 Share Posted December 7, 2009 $250 rent + $100 utilities + $100 cell phone + $100 groceries + xxx spending money = 600-700~ for me $250 in rent? Where do you live, Calcutta? Also, regarding the xxx spending money, if you are short on cash there is plenty of free porn out there. Link to post Share on other sites
GOCUBSGO 77 Posted December 7, 2009 Author Share Posted December 7, 2009 $250 in rent? Where do you live, Calcutta? Also, regarding the xxx spending money, if you are short on cash there is plenty of free porn out there.LOL, I live in a condo (owned by my best friend) It's a 2 bedroom 2 bath. Both of our girlfriends live with us, so that makes our rent a lot cheaper. Link to post Share on other sites
lurbz 2 Posted December 7, 2009 Share Posted December 7, 2009 $250 rent + $100 utilities + $100 cell phone + $100 groceries + xxx spending money = 600-700~ for me $410 rent/utils + $100 groceries = $510 :)just make sure youre playing a game where variance is easily survivable. Link to post Share on other sites
dna4ever 2 Posted December 7, 2009 Share Posted December 7, 2009 Also, regarding the xxx spending money, if you are short on cash there is plenty of free porn out there. Link to post Share on other sites
PillyPill 0 Posted December 7, 2009 Share Posted December 7, 2009 Good luck! Win big! Link to post Share on other sites
coug2828 8 Posted December 7, 2009 Share Posted December 7, 2009 $410 rent/utils + $100 groceries = $510 :)just make sure youre playing a game where variance is easily survivable.how in the hell can you survive on $25.00 worth of food per week? Link to post Share on other sites
Mercury69 3 Posted December 7, 2009 Share Posted December 7, 2009 $250 rent + $100 utilities + $100 cell phone + $100 groceries + xxx spending money = 600-700~ for me Heya...coupla things...What job did you do that was so painful?If I were you, I would reassess the grocery figure and put a specific figure on the "spending money". Look at it this way: You go out just ONCE in a month to a restaurant and then out to a bar for a couple of drinks afterwards and you're talking about 40-50 right there. I'm not saying put limits on yourself, but you really need to be brutally honest about what you are likely to spend in a month on things that aren't set (like rent, cellphone, utilities). You can do it this way: Save every receipt you spend on EVERYTHING that doesn't include rent, utils, phone. And I mean everything...Stick them in a box. At the end of the month, count it up and you'll have a realistic overview. Do that every month.Why do I say this? Because it's easy for things to go over budget. For example, you go spend $100 on groceries in one shot, but are you taking into account the tomato you picked up for BLT's? The impulse purchase of fries from that street vendor? The pastries you bought having coffee with that chick you cpiked up in WalMart? Link to post Share on other sites
dna4ever 2 Posted December 7, 2009 Share Posted December 7, 2009 how in the hell can you survive on $25.00 worth of food per week?3 meals per day for $2.10/week ..... Link to post Share on other sites
Royal_Tour 0 Posted December 7, 2009 Share Posted December 7, 2009 $250 rent + $100 utilities + $100 cell phone + $100 groceries + xxx spending money = 600-700~ for me LOL, I live in a condo (owned by my best friend) It's a 2 bedroom 2 bath. Both of our girlfriends live with us, so that makes our rent a lot cheaper.Dude, you have such a rare opportunity that I wish i had when i quit my job and played poker.You have like zero expenses, and U.S. citizenship.So because of that, seriously... dump your g.f. (or bring her) but move to vegas man!Pack up a bag, your car.. if you dont have a car, just pack a bag and buy a bus ticket. and get to it. Its cheap to rent/live in vegas and the fish are plenty Link to post Share on other sites
Merby 3 Posted December 7, 2009 Share Posted December 7, 2009 I am so jealous of people here who have a monthly nut of ~$600. My monthly nut is over 3 times that amount. Link to post Share on other sites
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