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Old 12-26-2006, 07:05 PM
john kane john kane is offline
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Join Date: Dec 2004
Posts: 2,829
Default I really struggle with not spending money; is this really a bad thing?

okay.

quick background: 22 year old, last year at university, have about $40K, should have $90K if i didnt spend so much.
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one thing i often find a bit 'ouch'-like is when im reading about some big winners say about how you should never spend your bankroll, or spend very little etc etc, and that as DJSensei put it in a post recently:
[ QUOTE ]
18) don't spend your winnings unless you have to. Building up a bankroll and moving up in stakes will be worth more to you later than buying that shiny new bike/video game/stripper/booze is right now.
19) But, don't forget to enjoy yourself every now and then. Poker is more fun when you know why you're grinding so much.

[/ QUOTE ]


now my problem has always been spending huge amount when drunk. i do. i simply do. for the last 3-4 years ive spent around $50K of what id call 'excesses' when drunk - strippers, stupid number of shots for me and others, drinks i dont remember drinking etc etc, not caring if i get in a round etc etc.

given that i have about $40K to my name, this is a very large chunk ive given in 'excesses'.

Now given what i could of done with that extra money - investments, play higher limits, some might look at me and think - you fool, youve wasted so much money and potential money as well.

but for me it may be a bit worrying that i really dont care enough. i mean, yes it would be cool to be playing 5-10nl and 10-20nl comfortably, rather than 1-2nl to 3-6nl, but does it really matter?

i mean, i honestly have had a great last 5 years or so, and to me i will always end out hopefully having enough money to provide for a future family and myself to enjoy, so does it really matter about this lost money?

Or am i being stupid, should i of looked to save as much as i could of, after all, i could of not spent this $50K and still had a very good time, just not as quite as good.

i suppose its a case of whether this the fun ive had out of this spent $50K has/is > the money ive would of had and made from it.

after all, there are so many big variables in life, who i met at school, at uni, family health, my health etc which are so overriding compared to whether i am comfortable or rich in terms of $$ that surely it is the former i should care about more than the latter.

one side note i'd like to add is that yes i should of probably given some to charity etc, and its something i will do when im older, but just not yet.


anyone else have similar problems, thoughts?
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