View Single Post
  #9  
Old 09-03-2007, 10:34 AM
Wardfish Wardfish is offline
Senior Member
 
Join Date: Apr 2003
Location: Hull, England
Posts: 187
Default Re: realizing it\'s real money

i think your problem is the same as the one my wife has when she asks me how much i have got in my bankroll

ie. you view your poker bankroll as 'real money' that can be spent, or that it is the same as the 'real money' that you earn from your job. The fact is, its not real money. its your poker bankroll. Its actually working capital, just like inventory for a retailer or cash for a bail-bondsman, and as long as you have a long-term requirement to play poker (for money, enjoyment, whatever reason) its untouchable.

I have been building my bankroll over the last couple of months and very soon I will be taking a "salary" each week of 5% of my bankroll. Therefore, my bankroll is not liquid funds, but it generates liquid funds over time. If I stop playing, and "liquidate the business", its all liquid, but the future cash-flows stop.
Reply With Quote