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Sold my car! And .. Coaching rate addendum

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MARSHALL28   United States. Jun 14 2012 01:07. Posts 1904
Hey guys,

I finally just today sold my Porsche. Bought it about 6 years ago, roughly 4 months after declaring myself a poker pro. It really was the only asset I had to my name. So now I'm back to ground zero. I consider this a good thing though, because now I feel motivated to work towards new goals--which if you are a regular reader of this blog--you'd know has been a major issue in my life. At this point in my life I'm 28, and a lot of non-poker players my age are catching up to me as far as acquired wealth. I have such a different outlook now than when I bought that car at 22 years old since all I cared about then was trying to be a baller and spend every dollar I made. Now with these regular guys catching up to me, it's like a race, and I don't like to lose.

I'm ready to start building my financial portfolio and actually get myself headed in the right direction for the future--i.e. acquiring wealth (if you guys have any suggestions regarding investments, please let me know!). The car was so expensive as far as general upkeep and insurance payments that I'm actually just glad I got out from underneath it before something bad randomly happened that could have ended up costing me like 15 grand to fix. So that burden is gone. And now that I have no assets, I'm hungry to acquire new ones. This is the chance for all of you guys who told me I was making a huge mistake and how bad of an idea it was for me to buy the car in the first place. haha.

So, onto a new era. Going to take a large portion of money I received from the sale of the car and invest it, and I'm actually going to take a step down in stakes for the foreseeable future. In addition to my savings and investments, I want to follow the 50 buy in bankroll rule from now on, so you'll probably see me playing a lot of 2/4 and very little 5/10 for the next couple months. You know, for the last 12 months I've been constantly playing under-rolled pretty much everytime I took a seat at a table, and because of this, it forced me to pass up on many marginally +ev spots in order to preserve my bankroll and my ability to continue playing in those games. No longer do I have to pass up those spots which means I can get away with playing more aggressively and I won't have to just let other guys push me around nearly as much. This is going to make the game a lot more fun--and profitable--for me.

----------------------------------------------------------

And also.....I wanted to make a correction regarding the coaching rates I stated in my most recent video. I had said that I was currently charging 200 per hour. What I forgot to explain is that I've switched to doing 90 minute sessions. The 200 I am asking is for one 90 minute session.

I understand that in this current poker economy that the price might seem relatively high. The reason for it is because I feel very strongly that the cost of subscribing to poker training websites is incredibly low. People have been paying such a low price for such high quality content (if you think about it, like 130 bucks or something gets you every Phil Galfond video ever made--which is just completely absurd IMO).

The rest of the players who subscribe to websites have improved so much while paying so little that I feel I can't possibly charge any less than this 200 per session, especially since even after a couple of sessions I notice how quickly the mistakes you guys are making get fixed. I really hope other guys who coach have noticed the same thing and adjust their rates accordingly. Otherwise, they really are just hurting themselves way too much by improving their competition so quickly for such a cheap price. Either that or they are just scamming people by claiming that they are better than they actually are and baiting potential students with relatively low prices. This is something very important to be weary of. If someone who plays above 2/4 regularly is charging less than like 100/hr there's a good chance they aren't winning very much, or at all.

Also, I think the smartest and most economical way of attaining good advice for your game individually is for you guys to find a friend and split the cost of a session between you. You wouldn't be getting completely one-on-one coaching, but if you have a friend who you talk strategy with frequently, likely you play a lot of spots similarly and also make similar mistakes.

Additionally, I know there are a lot of you guys out there who are in study groups. If you have like 4 guys in a study group and you pool your money together, like 50 bucks each, then you prepare a number of spots/questions you'd like to discuss, or a string of footage you'd like to discuss, that's something I'd be open to doing as well.

For you guys at 50-100nl, these I think would be the best ways for you not to have to spend 2-4 buy ins on one coaching session and still get a lot out of the information being shared.

With this new set of series I'm doing of climbing the limits, taking a look at the 50nl games, then the 100nl games and the 200nl games, there are still an alarming amount of you guys misapplying concepts spoken about frequently and at length during videos. Another other thing about it is that sometimes the right advice to give in a video is the exact opposite advice to give to an individual in a coaching session. The reason for this is that in a video, I'm usually trying to give the best general advice to a range of players at different intervals regarding level of skill. When I talk to you personally and understand your skill level, the type of advice is automatically much better--and semi-frequently completely different--this is because I am basing it off of a better understanding of the skill level of the person I'm speaking with.

Anyways, shoot me a PM if any of you guys are interested as I'm becoming more regimented with my personal life, most specifically, my sleep schedule is becoming more normalized therefore I won't have the same issues I've had in the past regarding my unwillingness to schedule appointments. From now on I plan to schedule all appointments.

Drop any comments in the section below, I always appreciate them.

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Baalim   Mexico. Jun 14 2012 04:23. Posts 34305

good luck man, that car was the most retarded purchase ever.

Ex-PokerStars Team Pro Online 

NeillyJQ   United States. Jun 14 2012 04:45. Posts 8947

THE marshall I KNEW FOREVER would never sell his car etc./

then again, getting an audi does sound like him

Just remember you need to be god damn sure about their tendencies. -Artanis11 http://www.pocketfives.com/profiles/neillyaa/Last edit: 14/06/2012 15:43

NeillyJQ   United States. Jun 14 2012 04:47. Posts 8947

if u just sold ur car and got something cheap for a while til u were ballin again u wouldnt have to adjust your life so much #4tw

Just remember you need to be god damn sure about their tendencies. -Artanis11 http://www.pocketfives.com/profiles/neillyaa/Last edit: 14/06/2012 15:44

NeillyJQ   United States. Jun 14 2012 04:48. Posts 8947

#drunkenRyanRolled

Just remember you need to be god damn sure about their tendencies. -Artanis11 http://www.pocketfives.com/profiles/neillyaa/ 

qwerty67890   New Zealand. Jun 14 2012 05:21. Posts 14026


  On June 14 2012 03:45 NeillyJQ wrote:
THE marshall I KNEW FOREVER would never sell his car etc, THIS SHOWS so much maturity and how much you've progressed as a human, fuck poker, im talkin rela life shit. this makes me have 100% respect and love for ya bud, ur the fuckin man, keep it up and things are always goonna fall into place for you broski





showing real maturity selling a porsche when busto.
showing real maturity talking about leasing an Audi A5 and hiring a full time personal trainer whilst accumulating wealth for investments.

 Last edit: 14/06/2012 05:25

MARSHALL28   United States. Jun 14 2012 05:25. Posts 1904

Neilly, blow or speed? Gotta be one or the other.


qwerty67890   New Zealand. Jun 14 2012 05:28. Posts 14026



guess this ones in the recycle bin


longple    Sweden. Jun 14 2012 06:27. Posts 4472

haha


Eluflop   Estonia. Jun 14 2012 06:53. Posts 3835

my money is on speed but gl man


Oly   United Kingdom. Jun 14 2012 09:10. Posts 3585

So if you name the price of the goods, you should also give it's specs - long term results and graphs?

Researchers used brain scans to show that when straight men looked at pictures of women in bikinis, areas of the brain that normally light up in anticipation of using tools, like spanners and screwdrivers, were activated. 

NewbSaibot   United States. Jun 14 2012 09:50. Posts 4947

Are you playing on Merge or something? There's a big panic going on that nobody has been paid out in 2 months and the site reps have suddenly disappeared from 2p2.

bye now 

NeillyJQ   United States. Jun 14 2012 15:11. Posts 8947

byrn thats not recycle bin, i just don't always listen to it!

Just remember you need to be god damn sure about their tendencies. -Artanis11 http://www.pocketfives.com/profiles/neillyaa/ 

NeillyJQ   United States. Jun 14 2012 15:12. Posts 8947

i didnt read it all, lol - i mean still seems smarter*, but really selling ur porche to get an audi?

get something fuel efficient and economically efficient until ftp or w/e opens in usa (or w/e deeb said) - if that happens, or go to canada and keep ur porsche n grind highstakes yo

Just remember you need to be god damn sure about their tendencies. -Artanis11 http://www.pocketfives.com/profiles/neillyaa/ 

NewbSaibot   United States. Jun 14 2012 15:30. Posts 4947

Well the porche's are stupid expensive. I was getting my car detailed a few weeks ago and some guy had a cayman S or something with a broke front headlight, said it was going to cost $4000 to replace =/

bye now 

NeillyJQ   United States. Jun 14 2012 15:36. Posts 8947


  On June 14 2012 04:28 byrnesam wrote:


guess this ones in the recycle bin



most legit post ever lol

Just remember you need to be god damn sure about their tendencies. -Artanis11 http://www.pocketfives.com/profiles/neillyaa/ 

RaiNKhAN    United States. Jun 14 2012 18:56. Posts 4080

audis arent that expensive if youre just getting a used a4 or something, around 21k-22k and u can find 'em even cheaper if u dig deeper. i own an s4 and it only cost me 50k, but I absolutely love the car and no need for a new vehicle unless the queen alien from the 1986 sequel to "alien" smashes it to pieces

The biggest Rockets, Sixers, and Grizzlies fan you will ever meet! 

whamm!   Albania. Jun 14 2012 20:53. Posts 11625

best decision ever. you guys have it so good in california. there cars are cheap, no weather shit and roads are great to drive on.


Gnarly   United States. Jun 14 2012 22:19. Posts 1723

Trade forex, don't invest. You don't know what's going to happen tomorrow, why have your money elsewhere?

Diversify or fossilize! 

RICHI8   United States. Jun 14 2012 22:30. Posts 1341

Dear god, please get a cheap car. Real ballers don't waste money on depreciating "assets."


MARSHALL28   United States. Jun 14 2012 22:34. Posts 1904

I'm probably not going to get anything for a while. I can take taxi's, and I have most of my stuff delivered as it is. Not a huge need for personal transportation at the moment.

gnarly,

what's forex?


Gnarly   United States. Jun 14 2012 22:40. Posts 1723

Foreign exchange market. Trading currencies. Less restrictions like the stock markets have. In some countries, you can get 500:1 leverage. Check out babypips.com.

Diversify or fossilize! 

NewbSaibot   United States. Jun 14 2012 23:40. Posts 4947


  On June 14 2012 21:30 RICHI8 wrote:
Dear god, please get a cheap car. Real ballers don't waste money on depreciating "assets."

Sometimes you gotta spend money to make money

bye now 

whamm!   Albania. Jun 14 2012 23:45. Posts 11625

lol dude don't trade forex. it's an easier way to wipe out your life, believe me.


MARSHALL28   United States. Jun 15 2012 00:02. Posts 1904

I'm real high on Caesars Entertainment Corp. I think it's gonna jump when online poker gets legalized. I don't really know too much about investing, but I have read a few of Peter Lynch's books and he recommends to invest in what you know. Caesar's makes a lot of sense to me.


D_Zoo   Canada. Jun 15 2012 00:22. Posts 4013


  On June 14 2012 17:56 RaiNKhAN wrote:
audis arent that expensive if youre just getting a used a4 or something, around 21k-22k and u can find 'em even cheaper if u dig deeper. i own an s4 and it only cost me 50k, but I absolutely love the car and no need for a new vehicle unless the queen alien from the 1986 sequel to "alien" smashes it to pieces



hahahhahahaahhahahhahaha

You aint a poet ur just a drunk with a pen 

Gnarly   United States. Jun 15 2012 01:33. Posts 1723


  On June 14 2012 23:02 MARSHALL28 wrote:
I'm real high on Caesars Entertainment Corp. I think it's gonna jump when online poker gets legalized. I don't really know too much about investing, but I have read a few of Peter Lynch's books and he recommends to invest in what you know. Caesar's makes a lot of sense to me.



I've thought about putting in some money in a couple different places for this very reason. I would use a few to increase my chances of having one take off when the losses from the other ones would be very miniscule if even existent. The same thinking is done with a lot of penny stocks based in meds and FDA approval timing.

You can easily lose all of your money playing forex or playing stocks. You just have to have a hunger to make money, understand bankroll management and risk-reward stuff, and time. I lose about .25-.75% on average for a losing trade with 2% being the maximum I'll ever do. This allows me to do a lot of trading. By using time, eventually, I'll learn how the markets work if I'm open to them.

This is the most possible crucial thing in trading, though. Being open to the markets. Just because there's a high chance that what you're seeing is a double bottom doesn't mean it's actually going to be that.

Sorry if I went on a tangent, I'm stoned lol.

Diversify or fossilize! 

BILAT_POWER!!!   Philippines. Jun 15 2012 01:40. Posts 1525


  On June 14 2012 22:45 whamm! wrote:
lol dude don't trade forex. it's an easier way to wipe out your life, believe me.



Not true. You know for a fact I trade forex and it is profitable given you have enough br.


whamm!   Albania. Jun 15 2012 01:47. Posts 11625



well if you're as smart and competitive as tokeweed. forex is easy monies


MARSHALL28   United States. Jun 15 2012 02:04. Posts 1904

dude i don't even know what most of you guys are talking about. im an investing donk.


YoMeR   United States. Jun 15 2012 02:25. Posts 12438

run simulations for fun first if you really don't know anything about anything. obv gotta read up on stuffs.

def don't start off by trading forex...i think that's a terrible idea.

eZ Life. 

MARSHALL28   United States. Jun 15 2012 05:26. Posts 1904


  On June 14 2012 04:21 byrnesam wrote:
Show nested quote +





showing real maturity selling a porsche when busto.
showing real maturity talking about leasing an Audi A5 and hiring a full time personal trainer whilst accumulating wealth for investments.


lol...this is a blog, not a state of the union address. a lot of the things i type, they are literally random thoughts that pop into my head, not specific laid plans for the future--thx for makin sure to point out every marginal inaccuracy in every post i make though. I really do appreciate how thorough you are and how you happen to be on top of every post i make.
also .... a small point to keep in mind........

your hourly earn is probably exponentially smaller than a lot of other players. there's no way it couldn't be with how on the ball you are to every post made here. ppl who earn more per hour have more important things to do with their time......THEREFORE ...i may have (lol) just a little bit more money to invest than you think.

 Last edit: 15/06/2012 05:31

qwerty67890   New Zealand. Jun 15 2012 06:39. Posts 14026

Aight sweet.

I cant remember if this was a joke or not, but i thought i remembered hearing that you leased your Porsche through your parents. Hope you thanked them when you trashed their credit rating.
If you're hocking some shitty 90 minute coaching session for $200, you're not as ballin as you think
sold Porsche to "boost your bankroll"

Keep trying to maintain your wealthy image despite this:


  22k? If I'm just keeping that locked up, what am I supposed to use for a bankroll?





I haven't done shit with my life and work minimum wage and im pretty sure i have a net worth close to yours. Why don't you start by telling us what you purchased your Porsche for and what you actually sold it for. Because it definitely wasn't 12k less than what you paid for it, or whatever it was you posted the other day.

With all that said, a lot of the "LP greats" you listed in your little brown-nosing post would help me out over you on any given day of the week, and i haven't done shit on this site apart from be myself.

GL with keeping up with your non-asshole friends who are already catching up to you financially. You're fucked because youre a natural asshole.

Did you even read this?


  On June 08 2012 04:11 DustySwedeDude wrote:
Dude, I'm grinding damn 0.5/1 PLO and I have more then ten times that saved up. Granted I used to play higher and I'm trying to get my shit together to build a future, but still.







Youre bad with money
Youre not that good at poker
Most people think youre an asshole

GL BRO


bigredhoss   Cook Islands. Jun 15 2012 07:21. Posts 8649


  On June 15 2012 04:26 MARSHALL28 wrote:
your hourly earn is probably exponentially smaller than a lot of other players. there's no way it couldn't be with how on the ball you are to every post made here. ppl who earn more per hour have more important things to do with their time......THEREFORE ...i may have (lol) just a little bit more money to invest than you think.



between this and all of your thinly veiled narcissistic comments it seems like no great mystery why you didn't have a positive reputation here.

there's a lot more to maturity than having your finances in order.

Truck-Crash Life 

Stim_Abuser   United States. Jun 15 2012 08:48. Posts 7499


  On June 14 2012 08:50 NewbSaibot wrote:
Are you playing on Merge or something? There's a big panic going on that nobody has been paid out in 2 months and the site reps have suddenly disappeared from 2p2.



Just skimmed a bunch of merge threads on 2+2 and didn't even see a mention of this?

Hey Im slinging mad volume and fat stackin benjies I dont got time for spellin n shit - skinny pete 

MARSHALL28   United States. Jun 15 2012 12:44. Posts 1904


  On June 15 2012 05:39 byrnesam wrote:
Youre bad with money
Youre not that good at poker
Most people think youre an asshole

GL BRO



Dunno why I let myself get involved with this ... you twist all of my words and make over-arching assumptions to things which you have no idea. I'm not going to reply to anything else you say because it's obvious you will find some way to distort it and make it seem different than how it is. However, feel free to post on the blog as much as you want as long as you don't troll me at every point.


MARSHALL28   United States. Jun 15 2012 12:46. Posts 1904


  On June 15 2012 07:48 Stim_Abuser wrote:
Show nested quote +



Just skimmed a bunch of merge threads on 2+2 and didn't even see a mention of this?


I just received a 10k wire from merge about 2 weeks ago. I haven't heard of any problems from the reps I work with.


Stroggoz   New Zealand. Jun 15 2012 13:12. Posts 5365

looks like you've been dodging criticism about your $200/90min coaching rates all throughout the blog comments. I guess we should just assume that you don't have any 2012 stats to justify that coaching rate?

One of 3 non decent human beings on a site of 5 people with between 2-3 decent human beings 

handbanana21   United States. Jun 15 2012 15:50. Posts 3037


  On June 15 2012 12:12 Stroggoz wrote:
looks like you've been dodging criticism about your $200/90min coaching rates all throughout the blog comments. I guess we should just assume that you don't have any 2012 stats to justify that coaching rate?



Thats a good point. I always thought you were good at poker, but if your trying to get some students or what not, we need to see some sort of 2012 results. Not even 2011 because the games have changed dramatically since then


NewbSaibot   United States. Jun 15 2012 16:03. Posts 4947


  On June 15 2012 07:48 Stim_Abuser wrote:
Show nested quote +



Just skimmed a bunch of merge threads on 2+2 and didn't even see a mention of this?
It was in the merge cashout thread. Starting at the first of May there was a bunch of "cashout requested on x/x. Approved x/x. Still havent received 30+ days later" and then people saying some 2p2 rep who frequently posts hasnt even logged in for like 2+ weeks.

Hopefully it was an isolated incident(s).

bye now 

NewbSaibot   United States. Jun 15 2012 16:05. Posts 4947

BTW I do have to side with the porche conspiracy. I could have sworn you said you paid in the neighborhood of 80k for it at the time. I dont even know what you sold it for, but there's no way you could have sold it for a profit or broke even for that matter. Everyone knows cars are like the fastest depreciating asset available.

bye nowLast edit: 15/06/2012 16:06

MARSHALL28   United States. Jun 15 2012 17:50. Posts 1904


  On June 15 2012 12:12 Stroggoz wrote:
looks like you've been dodging criticism about your $200/90min coaching rates all throughout the blog comments. I guess we should just assume that you don't have any 2012 stats to justify that coaching rate?



There never was any criticism about this price. The price isn't reflective of my actual hourly. I thought there might be, which was a big part of the reason I went to lengths in explaining why the price is set as it is in the original blog here.

Feel free to re-read that if you didn't understand the first time around. If u have any questions, feel free to ask them here as well.


MARSHALL28   United States. Jun 15 2012 17:56. Posts 1904


  On June 15 2012 14:50 handbanana21 wrote:
Show nested quote +



Thats a good point. I always thought you were good at poker, but if your trying to get some students or what not, we need to see some sort of 2012 results. Not even 2011 because the games have changed dramatically since then


I'm about to move to Sacramento this weekend and I already shipped my PC up there so I don't have any access to my database for a few more days. I can certainly post graphs at that point though.

Regardless, it's probably best if you just watch my videos if you want to get an idea of how good I am. Go in my cardrunners blog and check out three or four posts down where I copy/pasted about 20 hands I played recently along with my explanation/thought process for each play. That's way more insight to my skill level than any graph (which is subject to variance, game selection, and sample size).


MARSHALL28   United States. Jun 15 2012 17:59. Posts 1904


  On June 15 2012 15:05 NewbSaibot wrote:
BTW I do have to side with the porche conspiracy. I could have sworn you said you paid in the neighborhood of 80k for it at the time. I dont even know what you sold it for, but there's no way you could have sold it for a profit or broke even for that matter. Everyone knows cars are like the fastest depreciating asset available.



This info isn't even close to being right. While I think my net worth is no one's business but my own, I don't mind sharing that I put 25 down on the car and financed the other 20. I paid it off about 3 years ago and just sold it for 28.


Joeingram1   United States. Jun 16 2012 10:19. Posts 943

damn these comments took off since I last read them. I read through lot of your blogs the other day and I get a feeling like you want/are trying to mature/change your way of thinking a bit from how you used to act or think about things. I can relate to that feeling alot


look forward to following along with the future progression


MARSHALL28   United States. Jul 20 2012 03:19. Posts 1904


  On June 16 2012 09:19 Joeingram1 wrote:
damn these comments took off since I last read them. I read through lot of your blogs the other day and I get a feeling like you want/are trying to mature/change your way of thinking a bit from how you used to act or think about things. I can relate to that feeling alot


look forward to following along with the future progression



thanks ... trying ... getting there little by little. still have a long way to go though.

 Last edit: 20/07/2012 03:20

MARSHALL28   United States. Jul 20 2012 03:19. Posts 1904

 Last edit: 20/07/2012 03:20

 



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