In November for the first time in my life I was laid off from a job. Even though I saw it coming, it’s still something that doesn’t really hit you until it happens. When you’ve worked steadily for the past 26 years it is a sudden shock to be without a regular paycheck.
But I am embracing this opportunity. I have been working for the wrong reasons anyway. I was working for a paycheck. I was making just enough money to live. Only that is not living.
Every business in America is basically a pyramid scheme. The top guy (i.e. the owner) makes all the money while everybody else makes a lot less. I’ve worked for three different millionaires and a Fortune 500 company in my lifetime. The only person that made any real money in those companies were the owner or the president (often the same person).
I am resisting the temptation to go back to any job that will tell me what time I have to come to work, what time I get to go home and how many vacation days I am allowed. That is just not for me.
Do I have a firm plan in place? No. I don’t want one. That is part of the adventure. I know I can deal a little poker at various tournaments. I definitely can play poker 24 hours a day in the beautiful city. I have an apparel business I work part-time out of my garage. I want to get more involved in selling stuff on eBay and Amazon. I want to get back to volunteering.
Is it a little scary? Sure. I have a mortgage. I have bills. I have health insurance. I have a beautiful new baby on the way July 28, 2014. But I refuse to cave into the fear. I know I can do this. I know how much revenue I need to make each month or over the course of a year. My retirement is now controlled by me through a brokerage house.
I played poker for seven hours last night. Playing $4-$8 at Bellagio I started the year off with a losing night. But somewhere in my past I read something that Doyle Brunson, The Godfather of Poker, wrote about winning poker players. He said (and I am sure I am paraphrasing) don’t measure your success by the day, the week or the month. Winning poker players only measure success by the year.
So I started out a $164 loser yesterday. But those seven hours were more enjoyable than any hour I have ever had at a job.
Good luck to all of us in 2014.
Previous bankroll: $1,000
New bankroll: $836