“I want to transition out of poker in 1-3 years” is something I hear often on calls with players all around the world…
But rarely does it have any kind of coherent plan…
In this article, there’s 3 simple practical things you can do whilst still playing to aid your future self
Give it a listen or a read below:
The Losing Stress Podcast Ep 61 – Moving Out Of Poker
Hey guys, it’s Chiggs. Its another Losing Stress Podcast. In this episode. I want to talk about future proofing in poker. I think this is going to be a valuable episode because it’s going to hit a common theme that I see with a lot of players that play mid-to-high stakes:
“I want to transition out of poker in 1-3 years.”
And so if you’re currently in poker doing well, likely working hard, this is quite an interesting thing to look at: is there anything practically you can do now to help aid with that transition?
If you’re focussed on poker at the moment, you probably realize it takes a decent amount of time and effort. Particularly, now working off the tables.
And so timewise, you’re probably not at a point to go all-in on a new venture.
But at the same time, there are some simple things you can do to help you eventually when it comes to that transition. Practically speaking, I think there are a few things that do help here.
First of all, I think it’s very likely that whatever you transition into, assuming you’ve been doing well in poker and have handled your money pretty well, is going to be probably something business-related.
Because if you’re in poker, you’re in it most likely because you like to work for yourself. And of course, that same attraction applies to the world of business.
So if you are interested in getting into something entrepreneurial, then. It clearly makes sense to get some understanding of the way businesses work.
Picking up business fundamentals
One particularly good source for this that I’ve personally found very helpful is the book, ‘My Personal MBA’.
It’s a very good book, even if you don’t really know what you want to be doing as a business – it provides helpful bite-sized concepts that you can begin to apply.
And what’s valuable, even if you have an idea and have got going with it already.
In fact, if I recall correctly, I believe the book is going to be revised and there’s going to be an updated version coming out later in the year. And that’s definitely something worth looking into.
Expanding your horizons
Now, a second thing to really consider is expanding your horizons outside of just the poker world. Specifically talking and networking with other people outside of poker.
Ideally, people working on things that you’re interested in.
And when you are speaking to others, you ideally want answers to a few important questions:
- Do I honestly care about the work that they do?
- What’s a typical day like for this person?
- Can I really can I see myself enjoying doing that day-to-day?
- Also, what’s the earning potential, like in this other field?
These are all important questions to ask and find out.
Before we move on there’s an important point worth making about networking.
Because we now use technology so often networking is something that, to be honest, many of us shy away from. And perhaps even avoid altogether.
Because we’ve become so used to using technological solutions to any of our problems that come up.
We use Google searches, for example, to answer any questions that we have.
But when it comes to a big thing, like transitioning your career out of poker, though, there really is no substitute for getting sound advice and sound information and data from other people that are actually doing other work.
So if you find you’re quite shy to reach out to other people, could you actually look within and ask yourself, is there a fear within gripping me from taking action that is rational here?
You wiIl likely find that just by reaching out to people that they are more accommodating than the impressions projected in the mind.
And finally, I think there’s an obvious area that makes sense to do better at and up-skill in, whilst you’re still in poker.
What also aids you whilst you play
That is being more effective, healthy and happy when you’re actually in poker.
When you look at this, you see that very obviously, it relies on understanding the way your specific mind works.
And also understanding the way that your body works,.
Both of which once you start to understand, you can build your own practices.
And this goes beyond just eating clean, meditating, exercising and doing some yoga.
This is really getting down to what specifically addresses your own tendencies and your own imbalances.
To get to this. I would say it’s not impossible.
But you can’t really recite just one resource because to be honest, it’s taken me several years now to actually get to the stage where I feel like I can offer something in this space: taking courses with the British Mindfulness Institute reading, perhaps, over a hundred books.
Including lots of experimentation and feedback from others to get to what actually is effective.
What can be applied specifically in poker.
And so if you’re playing mid-to-high stakes and you can see why this makes sense, then the opportunity lies there for you to take a look at the adapted personality test that I use.
What gets into your genetic tendencies and what actually drives your personality.
What’s actually driving where your attention goes off to.
And reveal what specifically makes sense for you to do.
The link below the podcast explains exactly how this works. So feel free to check it out.
I’m just going to leave this here. Hopefully, you gained some good practical help and all the best, even if you don’t take up the offer.