Re: What`s all part of being a pro?
[ QUOTE ]
but your roi in poker is going to be way higher than any investments isnt it?
[/ QUOTE ]
I don't think so. I posted in another thread that I own a small business. I also have a day job. My day job makes 3-4 time more annualy than the small business. I probably spend 10 hours at my day job for every 1 on the small biz, so the roi (i being my time) is better for the small biz. Granted there is an initial financial outlay, and the time investment at the start is significant, but as time goes on, these initial investment factors become very, very small.
The key to investments (laundromats, stocks, authored books, etc.) is that they generate income while you are doing other things and that income can be very steady, based upon the type of investment. Your bankroll only generates income while you are sitting at the table and it is income that can subject you to huge cashflow problems (e.g., a downswing leaving you unable to pay rent).
|