We are all on the lookout for new and innovative ways to fluff up our nest egg. But, have you thought of poker as a means of boosting your savings? If you take a little time to brush up on your poker skills and then play online poker NJ style, for money I mean, you can be adding to that all important retirement fund in no time. Did someone just say ‘Hawaii’? Today we’re looking at how to play poker sensibly to increase those savings…
KEEP THINGS SEPARATE
If you want to build up your savings from poker, you need to make sure your everyday cash and your savings are kept apart. Having a separate account that you don’t touch is an effective way of doing so. Every time you win some cash, you can pop your winnings in your designated savings account and the dollars will be stacking up in no time.
WAGER DISPOSABLE INCOME
Only play with money you’re happy to part with. That way, everything you lose you can easily wave off, and everything you win can go directly to the savings pot without any doubt over whether you should really be putting it towards your gas bill. You’re not going to have many savings if you keep tapping into them to play poker. It goes without saying that you should only wager what you can afford.
TAKE IT SERIOUSLY
While poker will just be an addition to your current income, if you’re looking to make some significant cash, you need to get serious about your strategy. When it’s poker time, limit distractions so you don’t make any mistakes. Limit the amount of time you play so that you remain on the ball. Don’t play out of boredom – play because you are in it to win it. Be engaged enough to know when your mind is wandering or when your opponents are better than you and you would have a better chance elsewhere. If you want to win, you have to treat it like a job – even if it is just a job you do every Saturday morning for a couple of dedicated hours.