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I'm currently in my first year in law school in the U.S., top 20 school.
However, the legal market is crap. There is no sign it is going to get any better, even after the economy recovers.
And now that I'm doing law work, I realize how much I hate it. I don't want to be doing this for the rest of my life. I don't want to be some client's bitch. And lawyers make shit money if they're not in "Big law" and have to work for at least 10 years to make anything close to 100k a year on average. And the work sucks.
I recently deposited some money in FTP and I think I finally understand poker to the most basic degree. Playing some 0.05-.10 6 Max, I get bankroll management, and I'm steadily making a profit.
I want to move build up an online bankroll over the next year, and depending on how that goes, keep going up in stakes and also maybe start playing live games at AC or Foxwoods.
I know that a lot of poker players barely get by, but I do have financial support from my parents until I'm forced to reveal that I've changed my mind about law school. Thank god tuition wasn't that expensive for this semester, only around 10k because of a big scholarship. I do have a big decision to make if I want to disenroll from law school next semester starting January while staying in the apt here and just playing poker all day. I would pretty much be committing myself to this life before I have any tangible evidence that I can sustain it. I wonder if it's worth the extra 10k in debt to essentially give myself until September to figure things out. I'm willing to just get some regular job too in the meantime.
Just wanted to share this with liquidpoker. Any words of advice or encouragement are welcome.
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joLin United States. Nov 09 2010 13:32. Posts 3818 | | |
dont drop out to play poker unless youre a proven, longterm winner. |
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SIG1 United States. Nov 09 2010 13:33. Posts 651 | | | |
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wobbly_au Australia. Nov 09 2010 13:33. Posts 6540 | | |
one giant moron if u quit school for something so uncertain. |
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Carthac United States. Nov 09 2010 13:34. Posts 1343 | | |
Stay in law school. Never drop out of school to play poker unless you are already making enough to match what your job would pay a year
Even then, it is still a tough decision |
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| | Last edit: 09/11/2010 13:35 |
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wobbly_au Australia. Nov 09 2010 13:34. Posts 6540 | | |
I wouldnt consider quitting school for poker until u've made over 2000buyins or 150k or somehting |
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SakiSaki  Sweden. Nov 09 2010 13:36. Posts 9685 | | |
are you fucking crazy lol? |
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| what wackass site is this nigga? | |
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wobbly_au Australia. Nov 09 2010 13:36. Posts 6540 | | |
people getting leveled count : 5 ?? |
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Uptown . Nov 09 2010 13:38. Posts 3557 | | |
law school 100%
Waiting for Maynard to arrive in this thread, who recently finsihed his law degree. |
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I'm not sure a lot of you guys understand the legal market right now. There are graduates from top 10 schools who can't get a 40k/year job.
http://online.wsj.com/article/SB10001424052748704866204575224350917718446.html
I think that article will shed some light on the situation.
I have no guarantee for a job in law, actually. I may end up in the middle of the pack, and get nothing, especially in this economy. I've heard horror story after horror story regarding the legal market right now.
I'm going to be spending the summer playing poker like a mad man, reading up on everything, etc.
The question is if it's worth the extra 10k of debt for the extra semester from Jan-May to 'figure it out'. If I want to actually try in law school, it's going to take up all my time, I won't have time to play poker. |
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joLin United States. Nov 09 2010 13:43. Posts 3818 | | |
| | On November 09 2010 12:39 ahole-surprise wrote:
I'm not sure a lot of you guys understand the legal market right now. |
im not sure you understand the poker world. |
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Uptown . Nov 09 2010 13:47. Posts 3557 | | |
you'll have 10x more success if you put in those hours into networking, interning, and making connections that will help you out in your job search. I know the job market is fucking dogshit terrible in Law right now, with established lawyers being fired left and right - but that doesn't mean you have to choose to be a "run of the mill good student" and be owned like everyone else. |
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I probably don't. (referring to Jolin's post).
But I do know that I'm more likely to burn out doing law work than playing poker. I've actually grown to really enjoy playing poker. I'm not a gambling junkie. I see it as a way to make money if done right.
I would like Maynard's take on it, what school he went to, how he compares the two lives, etc.
I'll msg him.
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You're probably right about putting in the effort to network and stufff, but realistically, I still think I wouldn't get paid well enough for the actual law work, which I think I would hate. |
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| | Last edit: 09/11/2010 13:51 |
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wobbly_au Australia. Nov 09 2010 13:51. Posts 6540 | | |
its much harder to make it in poker than to make it in the real world. legal market will always be better than being a pro gambler.
Im sure there are way more horror stories in the poker world then the legal world. worse comes to worse u can use ur legal degree and do some simple clerical work, but playing poker you could easily be broke for the rest of your life. |
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Acckerman United States. Nov 09 2010 13:53. Posts 725 | | |
| | On November 09 2010 12:33 wobbly_au wrote:
one giant moron if u quit school for something so uncertain. |
yea this basically sums everything up for u, plus nl10, wat kinda money do u think u can make there |
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I just started out playing after a long break, that's why I'm at NL10, I don't expect to stay there for long, I'm making a consistent profit and maybe I'll move up to NL25 soon, I've only played like 120 hours total at NL10.
The thing about law school is that I'll be about 60k in debt plus interest when it's all said and done. Not to mention opportunity cost of not having a job in the next 3 years cause I'm at school. At minimum that puts me 120k in the hole for no guaranteed well paying job in the legal market where I'm probably going to hate the work/my life.
But it looks like you're all saying it's sensible I should at least give this semester and the next my best try, incur another 10k in debt, and see what happens from there. I won't have much time for poker though. |
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| | Last edit: 09/11/2010 14:04 |
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joLin United States. Nov 09 2010 14:05. Posts 3818 | | |
| | On November 09 2010 12:59 ahole-surprise wrote:
I'm making a consistent profit and maybe I'll move up to NL25 soon, I've only played like 12 hours total at NL10. |
this shows you really have no understanding of variance in poker. these results dont mean anything.
whatever the horror stories are from law school, they cant nearly be as bad as the horror stories from poker. hopefully you can see why everyone whos more experienced thinks its insane to drop everything and try to become a poker pro starting at nl10. |
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it was 120 hours, it was a typo sorry bout that |
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joLin United States. Nov 09 2010 14:08. Posts 3818 | | |
i dont think you should stick with law school if its not for you. but dropping it to play poker is just insane. |
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Basically, my plan would be to get a regular 8 hour job while playing poker at night and weekends, build up my skill and bankroll and go from there, if that changes anything. I do have some money saved up and I could jump into higher stakes but I'm just trying to learn poker right now.
The extra 10k in debt for another semester is no joke, plus opportunity cost of no job/no poker development cause I won't have time to play.
I guess overall I should wait and probably do another semester but I'll think about it. |
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