gday, my name is jeff and i am from australia. i am 24 years old and play online poker professionally. some may or may not approve of my "job" but i guess that isnt really important, it is what i do to make money.
i made 155k tax free this year playing poker, and have a stock portfolio of 275k which is my only investment vehicle. my networth might be around 350k.
i come from a well off asian family so we all live together and i will probably never have to buy a home since it is cultural to be a tight nit family.
my hope is to retire by age 30 but at the latest age 35. i do not enjoy playing poker so i do not wish to play at all once i am financially secure, i merely do it now because it is so lucrative.
i live a very frugal existance, but this has been my "new years resolution" to achieve my financial goals. i used to own an expensive car and spash money around for fun, buy toys etc but it really did not make me happy. i would much rather be happier knowing that i wouldnt have to ever worry about money again.
now, for my retirement plans, i figure i need around a 1.5-2 million share portfolio. is this too low/high?
keep in mind i think i might spend 50k a year on living expenses, if that.
anyway hope to get some feedback, i think most of you guys are a lot older and wiser than a young punk like me
jeff
i made 155k tax free this year playing poker, and have a stock portfolio of 275k which is my only investment vehicle. my networth might be around 350k.
i come from a well off asian family so we all live together and i will probably never have to buy a home since it is cultural to be a tight nit family.
my hope is to retire by age 30 but at the latest age 35. i do not enjoy playing poker so i do not wish to play at all once i am financially secure, i merely do it now because it is so lucrative.
i live a very frugal existance, but this has been my "new years resolution" to achieve my financial goals. i used to own an expensive car and spash money around for fun, buy toys etc but it really did not make me happy. i would much rather be happier knowing that i wouldnt have to ever worry about money again.
now, for my retirement plans, i figure i need around a 1.5-2 million share portfolio. is this too low/high?
keep in mind i think i might spend 50k a year on living expenses, if that.
anyway hope to get some feedback, i think most of you guys are a lot older and wiser than a young punk like me
jeff