What do the young ones do with their money?

[runner4life7]

If you dont mind high risk there is tons of money to be made trading futures, also known as commodoties. If you put in your research I think you could do just fine. Once I build up a bigger poker bankroll then I'm building up a bankroll for trading those.

[The Don]

Mainly bars. I have been making about $1k a week 8 tabling the $22s since the semester ended. I normally bring $300 into a bar and start throwing money around like I own the place. I typically black out and pray that I have some left in my wallet and that there is a chick next to me in my bed. I am a decent looking guy with some ok game to boot, that with the money has been getting me sufficient ass (way more than my ridiculous dry spell last semester). Why make the money if you aren't getting any ass? I think that is the main motivation for everyone working so hard in school and trying too get 6 figure jobs. ass.

[Oluwafemi]

[ QUOTE ]
I dunno, but what they SHOULD be doing is working on retirement. Instead of making a car in 20 days, make a down payment on some property. Make some long term investments. $20k invested when you are 18 years old will go a long way when it comes time to retire, at like 25 years old.

[/ QUOTE ]

not that this is anything to brag about, but i knew some younger guys back in the days that made alot of money hustling in the streets. i would tell them, "If you're not gonna listen to me and stop hustling, do something with the money that's gonna benefit you when you're older". sooner or later, a gold chain here or a ride with rims is gonna play out. needless to say, alot of those young guys crashed and burned and ended up with nothing to show for all the money they made.

i hear all these young guys talking about how much money they earn from poker and, to my recollection, never have i read on post on anything meaningful that their doing with their money [with the exception of "pay of school]. hell, you can do that with a regular job.

had i had the good fortune to make as much money as some of these cats do when i was 18-21, my net worth would probably be at least $10,000,000.

i look at a young cat like ZeeJustin who may not even know how good he really has it [no diss intended, Zee].

[USCSigma1097]

Yes,

Ass is a good motivator. That is all.

[Degen]

Ameritrade

[Voltron87]

I'm sort of saving money, not really conciously saying "this money is for later" but I don't spend everything I win, so i have greatly increased my savings. mostly i just live like a playa, holla.


edit- i have very few obligations. im not really playing poker to save for my future, but i am pretty responsible and by the time im older ill have a lot of money saved. just when i cashout i dont think "more money for the savings account!" i think "whoot, im a baller lets go party", though I end up spending fairly responsibly, im not blowing it on the metaphorical coke.

[spliff]

Hi, i live in an European country where the taxes are just redicolous.

I have the money in my Neteller Account until i find a way to go around the about 59% tax claims when i cash it in.

I'll guess i will spend some, while on holidays abroad with the Neteller ATM-card.

Thought about getting some US stocks.

Cashing max. out every day while on holiday in the US with the Neteller ATM-card; then opening a US Checking Acc. and then buy some stocks.

Hope that could work without getting in any EU tax problem, hope they can't monitor my Empire to Neteller to Cashin at ATM's in US (transactions) [img]/images/graemlins/smile.gif[/img]

[citanul]

i hope you go to jail and have a bad time there.

citanul

[Ixnert]

Paying off credit card balances that I ran up back in my less responsible days (24% interest is massively -EV).

Then building a bankroll for options/futures trading. Poker may (someday) be a passing fad; the financial markets are forever.

[gildwulf]

Isn't this money laundering?