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#1
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What is your motivation to make more money?
I was having this thought. I'm 23 next month. Most of my day is spent thinking about how to make more money or doing an activity to make money (online poker). Some might say how sad. But I enjoy many other things, sports, tv, family, friends. However, ultimately on my 30th birthday (myself and a friend set that target) to have a very nice house, be able to go on nice holidays, and never have to worry about money, and maybe, if I get fooled, get a wife (I do not find relationship appealing, I don't want my time or happiness dependent on another, anyway, leave that for another forum).
Just wondering what is your motivation? I guess it's becuase, as is often said, people relish the challenge of making more. Whether you have $0.1M, $1M, $10M or $100M, you always want to strive for more, it's what keeps the evolution process going. Just wondering if anyone else here has general targets though i.e. what they want to do with their money. I can't see what else there is massively other than an incredible home(s). I guess have a very good relationship with the family, and the 'family home', a home you can stay in and love is incredibly important to me, and so I just want the coolest house I can get. Would you say it is a measure of success? (I would, but only if you are happy at the same time, rich happy guy > poor happy guy > rich unhappy guy > poor unhappy guy) Also, do you have a figure in mind? Personally I'd like at least a $2M house and probably another $1M in general savings/investments for holidays, kids, general security. Once I reached that, I'm done. Thoughts much appreciated, apologies if i've rambled. |
#2
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Re: What is your motivation to make more money?
Because they said I couldn't.........
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#3
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Re: What is your motivation to make more money?
Nothing wrong with having money as your primary ambition.
I enjoy doing things that push my limitations and potential to the extreme. Business helps me achieve this and the consequence of having a successful business is that I make money. Do I have a figure in mind? Yes, I will try to build billion dollar businesses. The monetary amount doesn't mean much to me. However; the value behind the service I must provide to become a billion dollar business is the true reason for having such a high monetary value. What I eventually want to do with that money is actively change the entire educational system. I think our current educational system is decades behind our current world. |
#4
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Re: What is your motivation to make more money?
"Now I aint sayin she a gold digger,
But she aint messin wit no broke n*ggas." |
#5
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Re: What is your motivation to make more money?
got a mil on the deal and i'm still on the grind
in all seriousness, i've always hated the concept of working for the sole purpose of getting rich. while the job that i have is potentially lucrative in terms of early retirement, i think the main reason i chose it is because it offers so many opportunities in terms of learning experiences. my hope is that i'll find something i'll love doing, and have the opportunity to take it. that'll be success in my book. |
#6
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Re: What is your motivation to make more money?
Doug,
I'd think if you parlay your WSOP money + job money till you're 30 you'll easily be set for life. Also, are you playing any events this year? GL if so - try and get some more TV time this year. |
#7
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Re: What is your motivation to make more money?
I don't have an infinite thirst for money. Give me enough to retire today and I'll stop playing poker. I think about how to make more money because I want to retire earlier.
Edit: $2-3 million in today's dollars should do it. Figure by the time I'm 40 I'll be good. Edit2: I have no desire to buy a house. I use my money to live and travel. |
#8
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Re: What is your motivation to make more money?
[ QUOTE ]
I don't have an infinite thirst for money. Give me enough to retire today and I'll stop playing poker. I think about how to make more money because I want to retire earlier. [/ QUOTE ] These are my thoughts exactly. Although, unlike TheMetertron, I am using my money to buy a house. In fact, all I want to do is retire on a lake house. As soon as I have enough money to comfortably retire at a lake-house, I consider myself set for life and will not worry about working ever again. |
#9
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Re: What is your motivation to make more money?
[ QUOTE ]
Personally I'd like at least a $2M house and probably another $1M in general savings/investments for holidays, kids, general security. Once I reached that, I'm done. [/ QUOTE ] This makes no sense. eastbay |
#10
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Re: What is your motivation to make more money?
No one wants a jet / $50 mil house / sports team(cheap one, not the Yankees)? Check out sothebysrealty.com and locations like Bridgehampton / Cote d'Azur / Lake Tahoe / Greenwich CT. Before I saw that website, I also wanted a $2mil house.
Personally, I have no monetary goals, but since I was very young the only real goal was of lifetime independence(not ever having to work for anyone else). Simply poker's existence (and it will always exist) has taken care of that for life, and I am incredibly thankful. Meanwhile, I spend ~10 hrs per day on accumulating knowledge in economics / finance / trading / investing(only because its the only thing more fun than poker), and when I reach some arbitrary knowledge threshold(maybe in 5 years), I'll start a hedge fund (with only personal funds) - I don't care if ~500k AUM is laughable. If performance is good, I'm sure small sums ( a few mil.) won't be too hard to find from outside investors. If performance not good, stop loss will be very tight, and I'll take another self-administered course of "finance knowledge" for a year or two, and try again. I plan on repeating this process until I die / become mentally incapacitated, and will be extremely happy even if I am 77 living in a 1br condo with less than 1mil. networth, while starting businesses / hedge funds and playing poker to fund them. My only real goal would have been achieved regardless. Also, if someone offered me USD 10 billion right now with the stipulation of a lifetime ban from any sort of activity involving poker / business / finance / capital markets, I would reject it. Anyone else as crazy as me? |
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