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bigredhoss   Cook Islands. Sep 18 2017 21:35. Posts 8648


  On September 18 2017 18:22 RiKD wrote:
Show nested quote +



I didn't mean that was the only criteria. There is always the do what you are passionate about crowd and then there is the make money crowd. In reality it should always be a negotiation of these things. I think in my life I was probably happiest when I was making low six figures doing something I was at times passionate about and had a lot of freedom. There are a lot of other qualities of that time that led to that. I could live wherever I wanted, I had great friends, I could more or less do what I wanted to do. Looking back though I was seemingly just as happy getting clean and sober in Pittsburgh. Again, I had great friends and the lack of money just did not matter in those circles. Whether people had money or not we all just sort of did the same things. Some people could afford a pricey steakhouse but most nights we would just converse at a diner. AA meetings gave me something to do among other things. My income was like $20,000/yr and I was happy. I could see bumping that up to $40,000 so I could get my own place and have a little more flexibility and as long as I have some great friends and a job I didn't dread going to life could be pretty good.

I agree that the parental safety net is holding me back but it is a tricky one. I have a lot of mental illness and a drinking problem. The last time I was on my own (in my own apartment) was sheer hell. I don't know if it is related but my parents are out of town and I have really been having a bad time at work and I am having panic attacks. It is like my parents are my best friends and I know that is not ideal and I know getting shelter from them is not ideal. At least I am not getting money from them but I am just kind of squeaking by in a job I don't like. I am doing my best but I can't see myself moving out and supporting myself at the job I am in. Quitting obviously hurts the money flow. I agree with hiems that the indeed.com + working on my resume thing just seems to get me into these dead end situations but I need to be doing something.


  2. What other objective criteria do you think people should be basing their career decisions on? There's a proven correlation with happiness and income (up to a point), and it holds true even for people who don't believe money makes them happy.



The most convincing thing I have seen from some Harvard psychologist was that money and happiness are very much linked up until about $40,000 - $75,000 and after that people don't know what to do with it.

I have a good friend who makes about $30,000 a year. I think he may be a bit happier on $40,000 but I don't think it is that much of a deal. He leads a pretty full and happy life but I have seen that he can be a bit handcuffed on where to go out to eat or wanting to travel somewhere.

My brother's household income is about $200,000 or maybe even more. He just buys like houses that are too big for him and a bunch of stuff. He has all this yard work to do. So, I think he is generally pretty happy but I don't know what they are doing. Maybe they are trying to retire early like my sister in law's parents did but then what do you do with your time. What I am saying is my brother seems just as happy as when he was a broke PhD student. Honestly, my brother I think is happiest just being left alone and playing video games. It has been the same since he was coming over to my friends house just so he could play Nintendo all day.

On the other hand I think my dad gets it right. Before he retired and got an even better consulting gig he was making $300,000 + bonuses. It helped that he loved his job. That is a serious luckbox. It is also probably part of why he could move up in the industry the way he did. Anyways, he had a large home when the 4 children were growing up but then downsized. The thing is I think my parents actually do make the extra money go far. They love to travel and are pretty much free to travel wherever they want. It helps that my dad is the highest level vip at all the airlines. This is stuff that goes far. So, I would say they are a lot happier.

I heard it said once that the curve would look like steps. $40,000 - $75,000 is all about the same maybe even going up more than that. $500,000 gives a lot of freedom. $2 mil and there aren't a lot of things off the table. $10 mil you can retire and do pretty much whatever you want to do. $100 mil is like freeroll life, private jets, big time f u money.

At this point in my life I would have to get pretty lucky to make more than $500k a year so I really should just be focusing on getting somewhere in that $40,000 -$75,000 range and crafting a life around that.



I'm not suggesting income is the be-all end-all. Just that when you're trying to think about a career plan (even a very vague one) it makes sense to make money + job security the biggest priorities, in absence of finding something you love (or even like) to do. Having been in the position of making $20-25k/year before, I can say life pretty much sucks unless you have an ideal combination of other factors as you seemed to at one point. Unless there's something about a particular low-paying job that brings other positives into your life, might as well try to move on up.

If we're thinking of the same study, it showed that there was actually a significant difference between $40k and $75k (but 75k was where happiness returns start to diminish). The 75k figure was also a national average and varies by state, and I would guess further varies by socioeconomic status. So given what you've shared about your family background maybe the threshold is significantly higher? It also found that while people's emotional well-being didn't improve much past 75k, people's self-assessment of their lives improved up to 200k. I have to admit I don't really understand how the latter can't be considered a part of the former, but oh well. Anyway, the income levels would be relevant to you so that was my main point.

I think you've mentioned you used to work at a steel company and quit. Do you think you would have quit if it weren't for poker?

Truck-Crash Life 

Stroggoz   New Zealand. Sep 18 2017 22:24. Posts 5296

I think i would be substantially more happy earning 1 million a year than 60k. It would give me a mindset of complete freedom, knowing that i never have to be a wage slave ever again, and i can afford to be free of various institutions that i dislike being shackled by. The only downside would be knowing the ridiculous criminality of earning that much a year haha.

One of 3 non decent human beings on a site of 5 people with between 2-3 decent human beingsLast edit: 18/09/2017 22:25

RiKD    United States. Sep 18 2017 22:48. Posts 8516


  On September 18 2017 20:35 bigredhoss wrote:
Show nested quote +



I'm not suggesting income is the be-all end-all. Just that when you're trying to think about a career plan (even a very vague one) it makes sense to make money + job security the biggest priorities, in absence of finding something you love (or even like) to do. Having been in the position of making $20-25k/year before, I can say life pretty much sucks unless you have an ideal combination of other factors as you seemed to at one point. Unless there's something about a particular low-paying job that brings other positives into your life, might as well try to move on up.

If we're thinking of the same study, it showed that there was actually a significant difference between $40k and $75k (but 75k was where happiness returns start to diminish). The 75k figure was also a national average and varies by state, and I would guess further varies by socioeconomic status. So given what you've shared about your family background maybe the threshold is significantly higher? It also found that while people's emotional well-being didn't improve much past 75k, people's self-assessment of their lives improved up to 200k. I have to admit I don't really understand how the latter can't be considered a part of the former, but oh well. Anyway, the income levels would be relevant to you so that was my main point.

I think you've mentioned you used to work at a steel company and quit. Do you think you would have quit if it weren't for poker?



I didn't exactly quit. I had a serious alcohol problem and mental illness (bipolar I). They were really good through out the short term and long term disability. They offered me some jobs that I would kill to have now but I was not in the right state of mind so we parted ways. Poker probably played some part in that but I don't think it was really a huge factor. Remember I was just thrilled to have a good job after poker and in many ways was fascinated and really interested in the steel industry and how steel mills worked. It all kind of spiraled out along with my drinking.


RiKD    United States. Sep 18 2017 22:53. Posts 8516


  On September 18 2017 21:24 Stroggoz wrote:
I think i would be substantially more happy earning 1 million a year than 60k. It would give me a mindset of complete freedom, knowing that i never have to be a wage slave ever again, and i can afford to be free of various institutions that i dislike being shackled by. The only downside would be knowing the ridiculous criminality of earning that much a year haha.




That is the thing. It is not like one can have the same life earning $60k and $1mil. It has to be some mixture of hard work and risk and talent. If I could go back to being a bag boy at a country club and earn $1 mil ...... see what I mean?

I don't think $1mil buys complete freedom either. There is a great thread on 2p2 about retiring young on $1mil and if it is possible. It turns out you basically have to hole yourself up in the house staring at the wall eating cat food.


Stroggoz   New Zealand. Sep 18 2017 23:02. Posts 5296

I can't find the thread, do you have a link? seems interesting because you can make 35k/year just by sticking it in the bank

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

RiKD    United States. Sep 19 2017 02:31. Posts 8516

https://forumserver.twoplustwo.com/30...ve-off-forever-could-done-how-676914/

They assume $30k off of investments per year. Some say that could be a stretch since the person has no skill in investing. Then they piece out what everything would cost. Really cool thread. It opened my eyes that $1 million dollars really is not a whole lot. It would get someone ahead of the game for sure and an extra million sitting around with an income is pretty good (obviously). It also got me thinking about how work is something to do and filling up hours in the day. It is still important to spend the days in a decent enough manner. That is my problem with the job I am at. Cutting mozzarella cheese for 5 hours is just not a pleasant way to spend my time. I don't really want to make meatballs or italian dressing or really anything. Maybe that is how a lot of occupations go but I need to just find something that is a decent way to spend the day and covers my bills for a decent way to live my life.

That thread makes me wonder how I made $20k/yr and was still happy. I suppose I wasn't paying rent and was on medicaid and then there was just a lot of time at AA meetings and doing inexpensive activities with friends. The importance of friends can not be overlooked. I may be exaggerating just how happy I was too. Those were some good times though.


Stroggoz   New Zealand. Sep 19 2017 02:44. Posts 5296

I think a lot of it does depend on what kind of job you have. I recently left academia so I have a lot of friends who get paid 25k a year to do a full time phd, and most of them find it pretty fun and rewarding to do research and teach noobs, and the 'job' has a very high degree of autonomy compared to slicing cheese for 5 hours at a time. So i mean yeah you can find low paying activities that are rewarding and worth it.

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

bigredhoss   Cook Islands. Sep 19 2017 05:26. Posts 8648


  On September 18 2017 21:48 RiKD wrote:
I didn't exactly quit. I had a serious alcohol problem and mental illness (bipolar I). They were really good through out the short term and long term disability. They offered me some jobs that I would kill to have now but I was not in the right state of mind so we parted ways. Poker probably played some part in that but I don't think it was really a huge factor. Remember I was just thrilled to have a good job after poker and in many ways was fascinated and really interested in the steel industry and how steel mills worked. It all kind of spiraled out along with my drinking.



Ah ok that makes sense, I was going to say something about having more distance from poker now possibly giving you a different perspective on that job (like more willingness to take it assuming you had quit), but I see that's kind of irrelevant.

Regarding the retirement stuff it seems like it depends hugely on luck/future market returns. According to this site, having $1M invested with a $35k yearly budget and a 50 year horizon gives a 97% success rate (meaning if you run a sim from each 50 year period starting from 1871-1921, 1872-1922, etc. up to now, the money will last 50 years 97% of the time). Final totals vary from -$875k to $19M which seems like a pretty crazy difference. If you change the $35k to $30k it has 100% success rate. Change to $40k and it has 80% success rate. Fun site to play around with.

edit: tried to post graph but the img got fucked up.

Truck-Crash LifeLast edit: 19/09/2017 05:33

Baalim   Mexico. Sep 19 2017 05:37. Posts 34246


  On September 18 2017 21:24 Stroggoz wrote:
I think i would be substantially more happy earning 1 million a year than 60k. It would give me a mindset of complete freedom, knowing that i never have to be a wage slave ever again, and i can afford to be free of various institutions that i dislike being shackled by. The only downside would be knowing the ridiculous criminality of earning that much a year haha.




Studies show that hapiness and income are strongly correlated but it flatlines at about 100k a year (in the US), so the Yatch, the bahamas and the lambo doesnt have much of an impact but not having to worry about money does.

Ex-PokerStars Team Pro Online 

hiems   United States. Sep 19 2017 06:45. Posts 2979

#Yatch

personally I don't believe in bipolar disorder, but I do feel like having those incidents in your past is somewhat of an issue for some jobs/fields going forward.

I think I mentioned I thought culinary field was good fit before. I mean strategically it makes alot of sense to me.

it's very friendly as a second career // eccentrics // people with demons
it's more friendly towards ppl with upbringing like yours than say, a mechanic

I suppose if you don't have passion for it can't be helped tho.

I beat Loco!!! [img]https://i.imgur.com/wkwWj2d.png[/img]Last edit: 19/09/2017 07:01

RiKD    United States. Sep 19 2017 18:23. Posts 8516


  On September 19 2017 04:26 bigredhoss wrote:
Show nested quote +



Ah ok that makes sense, I was going to say something about having more distance from poker now possibly giving you a different perspective on that job (like more willingness to take it assuming you had quit), but I see that's kind of irrelevant.

Regarding the retirement stuff it seems like it depends hugely on luck/future market returns. According to this site, having $1M invested with a $35k yearly budget and a 50 year horizon gives a 97% success rate (meaning if you run a sim from each 50 year period starting from 1871-1921, 1872-1922, etc. up to now, the money will last 50 years 97% of the time). Final totals vary from -$875k to $19M which seems like a pretty crazy difference. If you change the $35k to $30k it has 100% success rate. Change to $40k and it has 80% success rate. Fun site to play around with.

edit: tried to post graph but the img got fucked up.


-$875k to $19M reminds me of PLO variance calculations. Variance lol indeed.

For me the crux of that thread is that $30k is really not a whole lot to live on, not working leaves one with all that extra time to figure out something to do and $30k is not going to really cover it. A lot of people live on less but not really. There are parents and welfare. Let's just say it would be hard to find a place in Pittsburgh for less than $1,000/month. That is $12,000 right there. Let's say health insurance is $500/month. That is $6,000 right there not taking into account not having to pay for anything medical related. So, $20,000/yr with out rent or medical bills is really like $38,000/yr which is a very livable wage in most places. That is like the start of having some comfort if one does not have luxury ambitions.


RiKD    United States. Sep 19 2017 18:35. Posts 8516


  On September 19 2017 04:37 Baalim wrote:
Show nested quote +



Studies show that hapiness and income are strongly correlated but it flatlines at about 100k a year (in the US), so the Yatch, the bahamas and the lambo doesnt have much of an impact but not having to worry about money does.


Where did you get that info?

I think it is probably more accurate than the $75k info but it is definitely somewhere in there. It also depends a lot on location. $100k in New York City trying to live like some yuppie making $500k/yr is going to be a disaster but $100k in a midwest city living like someone in the middle class is going to free someone up and go along way. $100k in Buenos Aires is basically baller status and you can do whatever you want more or less.


TheTrees   United States. Sep 20 2017 02:55. Posts 1592


  On September 18 2017 18:23 RiKD wrote:
Show nested quote +



I have a History degree from The Ohio State University

I really hate that they say "The" but that is actually what is proper.


Dude, you have a degree from a great school. Do you not have enough job experience to land jobs outside of the service industry?


RiKD    United States. Sep 20 2017 17:43. Posts 8516


  On September 20 2017 01:55 TheTrees wrote:
Show nested quote +



Dude, you have a degree from a great school. Do you not have enough job experience to land jobs outside of the service industry?



I have some job experience. I don't know what I would want to do though. I have been allergic to offices in the past but right now a 9-5 sounds incredible.

I really don't know what I am doing with these service jobs. I suppose my first goal was to get an income to cover my expenses so my parents don't have to. The service jobs cover that. Of course, I still have to live with my parents and spend no money. My next goal was to find something in the $40k - $75k range. That goal has proven to be a bit trickier. It is possible there is something out there that could get me in that range immediately. Car salesman is one I was going for a while ago. Probably some other sales jobs. It's funny I have been having dreams that I got my old job back as Account Manager and I have been thinking a lot about that. That job was great besides some of the corruption. I just did not know how to live life back then and turned to the bottle at every turn. That issue is a lot better but so far it has not helped with what am I going to do for an income?


RiKD    United States. Sep 20 2017 17:48. Posts 8516

I don't know why I dread going into my job so much. It is just a whatever $11/hr restaurant job where I prepare food all day. People don't show up, get fired, quit all the time. What it always comes down to is that it does cover my current expenses and I don't have an idea of what else I would do. Might as well push through it. It really is not that bad. I really need a plan on how I am going to get to $40k - $75k or even just cover my expenses and a more pleasant way to spend the day.


hiems   United States. Sep 21 2017 14:51. Posts 2979

make sous chef. go from there.

I beat Loco!!! [img]https://i.imgur.com/wkwWj2d.png[/img] 

RiKD    United States. Sep 21 2017 15:05. Posts 8516

I am attempting to transition out of food and bev. Sous chefs work like 12-14 hours a day. No thanks. If anything this job was good to kind of curtail the dream of being a chef. They make it look so glamorous on tv shows. 12-14 hours a day in a hot kitchen is no joke. I just want a 9-5 with long lunches and not too too officey. I pretty much want to do what I used to do.


RiKD    United States. Sep 21 2017 17:26. Posts 8516

One thing that really strongly hit me on my walk today as I was watching a little girl completely transcended as she danced in the water was that the past is the past. It was mentioned on here before but to think that one can relive certain past experiences is a major lost cause. I will never be 24 making six figures from my computer ever again so I have to adapt and make a difference today. I think that is why this current job is frustrating because I have achieved the goal of covering my expenses but it is making me feel stuck on my next goal of making $40k - $75k at something decent or at least finding similar income at a better job. I thought I might want to be a chef and with the info I have now I don't.

I realize that posting on a website is a surrogate but it is not a horrible one. It actually causes a bit of a synergy as I can get my thoughts out here and then refine them. I have been talking a lot to people on the phone. Again, another surrogate to talking to people in person but it is all I've got right now. I realize it may diminish the urgency of finding people to socialize with but my current situation makes it very difficult to socialize in my current state. If I already had friends who were available at noon or past 9pm it would be easy but it is not easy to make friends at these times. I could just be making excuses.

I really like the move Paterson. I am basically doing the same things everyday and should look outward at the poetry in every day life. Even the poetry of mozzarella cheese. I should write a poem about mozzarella cheese.

The long highway of mozzarella cheese,
Be aggressive with the wrapper or it will cause difficulty,
1 cut, then 4 cuts,
Massage as the pieces break apart,
That is mile marker one on a seemingly infinite trip.

I don't want to keep griping about work though. I just need to remember the times of having to ask my dad for money to pay the bills. Just sitting at home all day with nothing to do but to fail at indeed.com and for the most part job searching in general.


Baalim   Mexico. Sep 21 2017 23:10. Posts 34246


  On September 19 2017 17:35 RiKD wrote:
Show nested quote +



Where did you get that info?

I think it is probably more accurate than the $75k info but it is definitely somewhere in there. It also depends a lot on location. $100k in New York City trying to live like some yuppie making $500k/yr is going to be a disaster but $100k in a midwest city living like someone in the middle class is going to free someone up and go along way. $100k in Buenos Aires is basically baller status and you can do whatever you want more or less.



I dont remember precisely, TED talk perhaps, but the precision isnt important, we all know money at X ammount stop giving you happiness like, having 100 million or 500 million is essentially the same, but we usually overestimate how quickly hapiness flattens in relation to income.


So basically the only "trade" that interests you is cooking?

You mentioned it was glamorized in TV and that its really 9 hours in a hot kitchen and it sucks... then you dont have a passion for cooking, you just want to be Gordom Ramsay lol.


Find what you like to DO, not what the upper position of that job looks like.

Ex-PokerStars Team Pro OnlineLast edit: 21/09/2017 23:13

jfound888   Canada. Sep 22 2017 00:28. Posts 32

Start by getting into a more positive mentality.
Wake up everyday and say I am grateful for life with a happy feeling and other blissful statements.
Listen to positive musics, lyrics. Watch enlighten documentary, videos and other worldly knowledge: Watch some Chinese drama. I feel Chinese drama media gets the brain more emotional than western media. Western media numbs your emotions. YouTube princess wei young. Help me become more grateful and happier with life.

These are some of the things I do to improve on life and gain happiness and knowledge.

I listen to spiritually music and watch a bunch of videos on YouTube about gaining knowledge and happiness.
I will list some good videos I have watched.

Imo do not worry about trying to get a decent job yet, improve your mentality first.
Once you open up your conscious mind, the universe will guide you to your destinations.
https://youtu.be/RLczNzWBbpE

 Last edit: 22/09/2017 00:35

 
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