There's No Place Like Home

[Kijjo]

That interest seems a bit high - didn't you say your mortgage was $103k and interest was 5.75%? Seems like that'd be around 6k ish? Or were you counting for two years?

[Jason]

That interest seems a bit high - didn't you say your mortgage was $103k and interest was 5.75%? Seems like that'd be around 6k ish? Or were you counting for two years?

Yeah, it's 5.75%, I calculated the interest I would pay from 04/01/2010 to 12/31/2011 (21 months) if I paid nothing extra and compared that to if I put in $30k now but nothing else for that $3k savings figure I quoted.

Notice how heavily weighted the percent of interest is towards the lender's favor in the beginning. Add up ALL of the interest in the interest column if you go through the entire 30 years not paying it off early. I'd end up paying $127,700.02 on a $116,000.00 loan - a 110% payoff for the lender and extra debt for me

That's just ANOTHER reason of many to get it paid off ASAP.

There is always poker as a backup plan

And I just want to say your other operation is such an inspiration.

Thanks, I'm glad you and some others have enjoyed it. I don't think I've done anything that a lot of other players haven't already done plus a LOT I haven't done, however, I think one thing I've done that others may not have is simply document the progression well from start to present.

Yeah, I've thought about poker as a back-up plan, and as appealing as that sounds, unfortunately, I don't have a long history of making money yet and the future of poker is always uncertain, so I don't think it would be wise of me to just say I could fall back on it and everything would be fine. BUT, at least it is becoming much more viable of an option than it was when I started @ $2NL

Hopefully this journey will inspire some peeps, too. No matter how successful you are @ the poker felt or your day job, bad real life bankroll management will hold you back from reaching great heights.

[Sasquach991]

You have done something others have not done if I remember correctly.

You have never had to drop down in stakes. True?