How will you cope financially in a bad month

This is the more practical and, in truth, simpler side of coping with a downswing. The hard part is developing the Poker Mindset necessary to cope with downswings. The easy part is practicing prudent financial planning so that if you do hit a bump in the road, your life won't start to unravel. Ideally, you would like to be in a situation where you can make no money at all for a few months, yet still be able to pay all the bills and live the exact same lifestyle as you do in the good months.

How you do this is up to you. The most obvious way is to have a number of months' worth of living expenses saved up before you start, maybe even a year's worth to be on the safe side. This will mean you can play your game without having any pressure to win for a long time. Alternatively, maybe you have an income from a second job or an investment that can provide you with extra cash when needed. Maybe you have a wife, husband, or partner who earns enough to support the both of you when you have a tough month. How you plan on coping through the bad months is entirely up to you; the important thing is that you know how. As a professional, you will have bad months, and it is important to know beforehand how you will deal with them.

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