Quote:
Originally Posted by thaskalos
Most professional gamblers don't save money for retirement because they don't really plan to "retire". Since they are "self-employed" at a non-strenuous profession...they figure that they'll be earning a living gambling for their entire lives. They like what they do...and they see no reason for them to ever stop doing what they obviously enjoy. What hey fail to realize is that the time will eventually come when they will no longer be able to beat the game on which they currently depend upon for their survival. You need to be among the very best in order to earn a living from a gambling game for any length of time...and only the very talented can stay in the upper echelon of their game of choice for their entire gambling lives. The rest of them eventually hit the skids, and, since they have no other marketable skills...they talk themselves into believing that their economic downturn is just another one of the many losing streaks that they've already overcome...and they keep playing until they get completely broke.
A gambler better know his limitations.
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How do you feel about a very strict budget or perhaps quarterly withdrawals.
