i am an embarrassment

[meleader2]

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all,

you guys spend a lot of money. I spend $2k a month if I stayed in one spot. Including all my travel expenses and other non-normal [censored] I spend on average $3.5k per month. I also make over 10x that though. I can't imagine spending $3k per month if I made less than $6k... yikes!

duck,

New York doesn't count but still $8k is a lot woman [img]/images/graemlins/frown.gif[/img]

nation,

coach me?

seriously, i'd consider not playing poker anymore. Doesn't look like you are cut out for it.

all (again),

You guys need to save more money. It's amazing to me how many people appear to not put the great majority of their earnings into index funds or some other high-yielding investment.

idiot who didn't think inflation exists,

it does. you aren't retiring in 20 years on $50k/year. sorry to burst your bubble.

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try reading next time rather than skimming. i know ur hourly rate is > 500/hr but if ur going to post actually try.

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1 $3,154.50
2 $15,316.96
3 $28,105.78
4 $41,553.23
5 $55,693.22
6 $70,561.42
7 $86,195.33
8 $102,634.39
9 $119,920.06
10 $138,095.95
11 $157,207.89
12 $177,304.09
13 $198,435.26
14 $220,654.67
15 $244,018.39
16 $268,585.33
17 $294,417.48
18 $321,579.98
19 $350,141.35
20 $380,173.63

@ 5.15% interest, contributing 12k/year through poker only.

edit: that's on the low side, compounded interest yearly. ING compounds interest monthly.

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Did I miss something here? Figure a real 2% per year and this changes a lot. Also, even if it was a real $400k, that is $16k/year to live on for the rest of your life. I guess it's possible but jesus.

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i'm just making sure u understand that i never said i didn't expect inflation to affect me. all my post stated was that in a vaccuum with 12k pumped into a 5.15% interest bearing account i can expect $X after 20 years. whether i can retire on that or not is up for debate, especially given that i also have a ROTH IRA and unknown profits those 20 years while working full time.

that's all.