Re: Bankrolling 17 year old kid
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the kid sounds like he doesnt need you, and is smart enough to know it
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This is exactly the objective behind this project. To get him to a level where he won't need me. What I failed to mention is that this poker thing is just part of a bigger project that hopefully would make him totally independent and successful. Here are the books that I had him read during his senior year and during the summer vacation (I paid him 30 bucks per book on top of his allowance and I believe him that his comprehension rate is at least 90%):
Persuasion:
Maximum Influence by Mortensen
One Minute Salesperson by Johnson
Personal finance:
The Wealthy Barber by Chilton
Young Fabulous and Broke by Suze Orman (video version)
Secrets of the Millionaire Mind by T. Harv Ecker
The 21 Secrets of Self Made Millionaires by Brian Tracy
Entrepreneurship:
E-Myth Revisited by Gerber
Go It Alone by Judson
Cashflow Quadrant by Kiyosaki
Multiple Streams of Income by Robert Allen
Personal Effectiveness:
Focal Point by Brian Tracy
Eat That Frog by Brian Tracy
Self-Help Psychology:
Success Principles by Jack Canfield
Unlimited Power by Anthony Robbins
Man's Search for Meaning by Victor Frankl
Leadership:
One Minute Manager by Blanchard and Johnson
The One Minute Manager Builds a High Performance Team by Blanchard
Who Moved My Cheese by Johnson
Strategy:
The Art of War by Sun Tzu
The Concentrated Essence of Strategy and Tactics by Liddell Hart
Genghis Khan and Sabutai from Great Captains Unveiled (Liddell Hart)
But the reason why this poker project is so important is that it is CLEAR and PRESENT. Most of the above reads would take years to implement while the poker reading and playing project could be implemented as early as next month.Plus, poker can teach him self-discipline, logic, reading situations, the concept of EV, the importance of thinking long term, emotional control, etc.
I thank all of those of you who have given advice. I am definitely adding cash games to his hands on experience pool.The object, really, is to have him have enough knowledge of no limit holdem in all its forms so that if he chooses to, he can integrate poker into his income streams. To make him knowledgeable and competent enough to have poker as a REAL option if he chooses to do so.
As of now, I still have not come up with the proper sequence of books for him to read, and the combination of competitive contexts through which he can learn to apply the knowledge. I'm more confused than ever. So far the first phase looks as follows but it is still not final:
Watch Final Table DVD by Gordon on "beginner's mode", listen to the audio version Little Green Book twice over, then re-watch Final Table DVD but this time on "advanced mode". Finally, have him read the first three chapters of TOP as well as the "Poker and Emotions" section of Inside the Poker Mind.
Second Phase would probably be:
HOH 1, then HOH2, then probably the Largay book.
Third Phase would envolve playing, playing, and playing. Cash games, MTTSNGs, STSNGs (full game), Six handed SNGs, Heads up SNGs. During this stage, he can't decide what to play. I will tell him. Hopefully, you guys can help me decide what competitive contexts and in what order he should play. Cash games first? MTTs second? etc.
The fourth phase would have him exposed to different playing styles: SSII, Making the Final Table, Kill Phil, etc. And general theory books: TOP, NHTP, PNL1.
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