Re: General life questions / observations / random whatever thread
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How much is the bare minimum you guys would have as a buffer on the bank if you made your living of poker? I'm having a hard time estimating how much I should put away, not that I am overflowing with money right now but anyway.
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What I did was invest money so that I had income from my investments equal to my fixed expenses. So basically my rent, utilities, condo fees, and car insurance are paid no matter what happens. The only thing I need to worry about is discretionary spending and food.
If you got a lot of money coming in I suggest investing a good portion of it. Once you have the basics covered by non-gambling income streams then you can spend whatever percentage of the gambling money you want.
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