What should Scav do?

[philcski]

Originally Posted by docicu3

Option 1 is a no brainer here....

Education is like money in the bank it gives back to you over time and any successful gambler new system or not should profit from accounting knowledge.

I spend a fair amount of time here and in the game but my career came after many years acquiring education. How many folks spend a quarter million and 10 years after college for the privledge of having a chance to "practice" anything....

For some reason people think you must be smart if you have credentials and degrees which no matter what you do. This is a great thing to have "the benefit of the doubt" that you are worth investing in.

If I sound like a Dad it's because I am......

At 18 I walked into my guidance counselor's office in high school to hear so Mr Mag "what nice trade school are you going to".....which is what they say to you when your a 3 sport varsity athlete with 1200 SAT's and a 2.05 GPA.

I looked him straight in the eye and said "Mr Kaminski I am going to college" He retorted well send me a Xmas card if you ever graduate.
The first of now 20 was sent when I graduated from medical school......

Scav's your a late bloomer like myself but hardly a lost cause. Finish school try the system and when you get the CPA conquered send me an email and let me know what island your gonna buy and where!!!

DD

Dr D's a smart guy and I agree with him 100%... option 1 is a no brainer. Take the year, finish your degree, take a shot at playing 'professionally' with the cash you have in hand and if it doesn't work out, you've got an excellent degree to hit the grind with.

[Scav]

Originally Posted by philcski

Dr D's a smart guy and I agree with him 100%... option 1 is a no brainer. Take the year, finish your degree, take a shot at playing 'professionally' with the cash you have in hand and if it doesn't work out, you've got an excellent degree to hit the grind with.

I should note that I already have a marketing degree, but it has got me no where, which is why I am back at school getting an accounting degree, a degree that will get me a decent job/pay.

I agree. I think I am going to try it. **** this place

[philcski]

Originally Posted by Scav

I should note that I already have a marketing degree, but it has got me no where, which is why I am back at school getting an accounting degree, a degree that will get me a decent job/pay.

I agree. I think I am going to try it. **** this place

If you're really going to try it, do this: take $15,000 of the $35k you have profited over the last 2 weeks and set it aside for bills. IT IS NOT WAGERING MONEY, strictly for rent/school payments/food/other bullshit. That should be enough for 6-8 months of life with no income.

Take the $20,000 and play like you normally would play. You're going to have some volatile months that can be very depressing, don't get caught up in the emotional roller coaster.

Believe me when I say, it can be done... but it isn't much fun. I played poker for a living in college (before the hold 'em boom, was much easier money than today.)

[Scav]

Originally Posted by philcski

If you're really going to try it, do this: take $15,000 of the $35k you have profited over the last 2 weeks and set it aside for bills. IT IS NOT WAGERING MONEY, strictly for rent/school payments/food/other bullshit. That should be enough for 6-8 months of life with no income.

Take the $20,000 and play like you normally would play. You're going to have some volatile months that can be very depressing, don't get caught up in the emotional roller coaster.

Believe me when I say, it can be done... but it isn't much fun. I played poker for a living in college (before the hold 'em boom, was much easier money than today.)

I have already paid all debt and things of that nature, I only have a car payment, which I am keeping to establish better credit. I am only willing to risk 2k into this system as it is progressive, and if I can't do it at 2k, I won't be able to do it at 10k which is where the progression stops. If I get this job tonight (2nd interview) I am going to take it as long as the money is there, if not, I am quitting in two weeks......

[Danzig]

Originally Posted by Scav

I have already paid all debt and things of that nature, I only have a car payment, which I am keeping to establish better credit. I am only willing to risk 2k into this system as it is progressive, and if I can't do it at 2k, I won't be able to do it at 10k which is where the progression stops. If I get this job tonight (2nd interview) I am going to take it as long as the money is there, if not, I am quitting in two weeks......

no wife, kids, responsibilities? other than to yourself of course....

do whatever you want! now's the time to do that.

[disappearingdan_akaplaya]

finish your education but most of all do what makes ya happy scav

[SentToStud]

Accounting is solid background but to get ahead you need to sit for CPA exams and get that required experience. I network with a CPA group and it is very worthwhile. They are solid pros and earn very good livings in CPA firm environments (not as big corp staff accountants). Do what makes you happy but at some point you are going to need to make sacrifices in order to do well, be it hard work, more studying, etc.... Frankly, I would not quit a job to gamble full time, especially a job I was not happy with. I would keep hitting on new opportunities until I found something I liked. At that point, if you wanted to do something else, fine. Always better to make a move of any kind from a positive position.

[hockey2315]

Originally Posted by SentToStud

Accounting is solid background but to get ahead you need to sit for CPA exams and get that required experience. I network with a CPA group and it is very worthwhile. They are solid pros and earn very good livings in CPA firm environments (not as big corp staff accountants). Do what makes you happy but at some point you are going to need to make sacrifices in order to do well, be it hard work, more studying, etc.... Frankly, I would not quit a job to gamble full time, especially a job I was not happy with. I would keep hitting on new opportunities until I found something I liked. At that point, if you wanted to do something else, fine. Always better to make a move of any kind from a positive position.

I was going to say that- if you're going to get in to accounting, make sure u become a CPA. . .

[docicu3]

Passing the CPA test is no walk in the park which is probably another 6-12 months of study to clear that hurdle.

That should give you enough time to solidify the other options that are more fun and lucrative.

[Antitrust32]

wwsd.JPG

Scav deserves the gold...

[Scav]

Originally Posted by DaHoss9698

Out of those 4 Scav, I would take the summer off. Have fun with some of that money you won. But IMO deciding to play full time is jumping the gun, unless you are willing to put the necessary time and effort into it. It also means not going on tilt, which from the sounds of it might not be that easy. It's not as easy as it might seem, and since a week or so ago you were considering taking some time off, don't let this recent hot streak influence you that much. It's a game of runs, you know it. You are on a good run right now and we are all happy for you. But I'm sure you've been on cold streaks as well, and you know how hard they can be.

It has nothing to do with how hot I have been. I have had this 'plan' in place for sometime, just never had the freedom to try it. This streak has given me that freedom. I agree with you though, which is why i am only willing to risk 2k in the whole ordeal, because again, this could work starting with $20, just take too long to get to desirable amount, 2k and I am at where i need to be by December.

[Buffymommy]

IF Scav's has more than enough money to not work, then Scav should buy me a horse with his "money" and pay for the board on it.

[AeWingnut]

My uncle managed to live off playing the horses for a little more than a year. Then as all gambling stories - it ends in tragedy
he put every penny on a horse - horse wins
then the INQUIRY lights up

back to work

[skippy3481]

Gales i think that is great advice. Although roth dollars are taxed going in not coming out as opposed to the traditional 401k where it is opposite. Scavs, my best advice, do what makes you happy. Personally if i was in your position, I would take a stab at it. 50 Years from now would you rather look back and say well i tried and this is the outcome or say "i wonder if...." I would def not tell your boss to gfy. Take a little time off, study more and throw some time into the races.

[gales0678]

Originally Posted by skippy3481

Gales i think that is great advice. Although roth dollars are taxed going in not coming out as opposed to the traditional 401k where it is opposite. Scavs, my best advice, do what makes you happy. Personally if i was in your position, I would take a stab at it. 50 Years from now would you rather look back and say well i tried and this is the outcome or say "i wonder if...." I would def not tell your boss to gfy. Take a little time off, study more and throw some time into the races.

I think at Scavs age the roth is more ideal than a regular ira, if he can put 4k in a year for the next 10 years and invest wisely when he gets 59.5 he can withdraw the $ (contributions and gains) tax free. With the ira he is taxed at ordinary income upon withdrawl. I think the roth is a great product for young people, co's are now offering the roth 401k at work. If you can be in the mkt for 30+ years , i believe the roth is a no brainer, assuming the dems don't change the tax law on it

[skippy3481]

Oh i agree gales, sorry i was just clarifying your point. I agree the roth being a much better value with market age. But alot of people just hear retirement account or 401k or roth and think its just diffrent names for the same thing. Just trying to add my two cents well maybe 1.5 cents since i did capitalize off your remarks.

[phystech]

Take Option 1 - and then use your current degree to market your gambling system. Sell it, sell it, sell it - and rake in the bucks.