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Online Poker - Lyve Games
The Blog showcases various Online Poker theories and strategies in order to learn the intricacies of the game.Explore cutting edge Poker Strategies from Beginner to Professional to ensure you always top the game.
How Poker can be an independent job to manage travel finance?
Many professional poker players around the world call April 15, 2011, as Black Friday when the U.S federal government had charged some of the largest online poker sites with fraud and money laundering. You may think what is the relation between poker and travel? Just wait a bit; good things are usually slowly unfolding. Anyway, so, when the U.S government brought indictment charges against the founders of the world largest online poker websites, many professional pokers - some of them earn five digits earning, moved to Canada, Mexico, Costa Rica, and some other far-flung places to salvage their accounts and keep playing. They soon built a poker community and worked during the day and met up at night and on weekends to party. Life suddenly turned into a location independent work with money flowing in with perks of varied experiences.
Location independent work ? is it real?
Now, probably you have got it why I have started the story with poker. Become location independent employee is a non-negotiable part of managing finance. These are false narratives because Those are extremely misleading stories and impossible, at least for a decent guy like I and you (I hope you are a decent guy like me). For long I fulfilled my travel objectives by doing freelance content writing, but not everybody has the required skill set to do high-paid content writing. For those who wish for long-term travel (a few months to a year), a steady income is unavoidable unless he or she is rich. However, the path to get a location independent work is stressful, frustrating and sometimes scary.
What options you have?
Options on paper are plenty, but practically there are a few things you can actually do. There are principally three common ways you can work without being present physically in a particular locale.
Create a passive income stream
It is the most important part of your process of earning while traveling. The planning should be started very early ? from the very beginning of your job when you start making money out of some sort of passive income such as freelance work, share trading, online selling, affiliate marketing on your website or blog, translation or language-related jobs, teaching online lessons, doing market research for companies, selling photographs and so on. Remember these are all one way or other passive sources of income unless you do it full-time. It is also advisable to take these jobs as a passive income source because you need to build a steady client base for your fulfill your future travel goal.
Convince your company/boss to allow you to work remotely
10 years back it was an impossible proposition, but now it is quite a feasible option to negotiate with your company or boss to let you work remotely. As my personal experience, I worked with a company for a year or so as? Work from Home? option and traveled different parts of the country and South East Asia. Of course, I was good at a job and created a good impression. Also, I negotiated on money part so that the company had more profit keeping me for the work with less pay than recruiting another person. The most important thing is to stay in a company for a few years and create a proposal that will clearly benefit the company.
Work remotely as a freelancer
That is the most common method to work without any fixed location. Freelance means you are hired for a particular job for different companies for different projects. For example, freelance developers or freelance graphic designers. However, you need to develop a skill and know how to sell the skill. Top freelance websites to look for are Upwork, Toptal, Freelancer, Cloudpeeps, etc.
Playing Poker
If you are good at poker or card games, you can try online poker playing in a variety of websites. Poker is lucrative and you can earn lots of money, even after giving 30% of government tax. Every day there are hundreds of tournaments going on in multiple poker sites, and you can start it from Rs. 100 to an unlimited amount. Needless to say, you must first go through free roll for months to understand the game and develop an interest in it. Poker is a skill based game, so don?t think it is pure gambling. There are lots of strategies involved, game plans, etc.
Playing poker for a living looks great but actually, it is a lot of hard work. There are number factors need to be considered before you take the decision of being a full-time poker player.
a) Variance is the greatest challenge in poker. There are times when downswings can decimate your bankroll. It is therefore important to understand the element of variance.
b) If you have difficulty assessing your win-rate, then you are not really ready for full-time poker. If you are win-rate ratio is higher than your downswing, your poker is a career is fine. If it is otherwise, you need to consider poker as an only earning source once again.
c) If you are playing poker for a living, you need to have a bankroll enough to take the downswings. The thumb rule of bankroll management in Texas Holdem is 25-40 buy-ins.
d) Finally, you need to have a strict discipline and consider it is a job. Make a scheduled time to play, play with stop-loss and have tremendous control over your emotions and compulsion.
Productivity v/s Procrastination
Believe me, traveling on the road is a tough job. It is frustrating when you see other travelers enjoy, drinking, chatting and you are in the middle of finishing a project. The pressure is probably more than office because you are a sort of mercenary and people who pay you never listen to your excuses. It is very important to maintain a routine on the road so that you never miss the work. Every new place brings some unique challenges to work, so you need an impeccable discipline. It sounds glamorous working from the road, but the reality is far from fantasy.
Important Tips for Working on Road
1. Carry multiple SIM cards
2. First, figure out when and how you work best
3. Create a productive playlist
4. Buy an international outlet adapter
5. Have a back-up plan for internet failure
