Every single one of us—no matter our location, age, gender, hair color, family background or race—has to manage our personal finances.

For some, it’s an exciting passion, a never-ending game of “how much can I accumulate in one lifetime”.

For others, it’s just part of life, something that needs to be dealt with but doesn’t border on obsession.

And finally, for many of us, personal finance is nothing but drudgery at best and an emotional trigger at worst.

Money management in poker is one of those subjects that either gets completely overlooked by some players while being over enamoured by other. So we would like to share our opinion on this concept, dispel some myths and make suggestions on how to keep and increase your bankroll. Any serious poker player understands that the bankroll is his poker enterprise capital and lifeline therefore correct capital management is essential for long term success.

- “Quit while you are ahead”. One the most popular poker myths which still popular with some players. Advocates of this approach suggest taking your money out of the game once you have reached a certain level of winnings on the basis so you take your profit and not give it back. But think about it this only makes sense if you stop playing poker forever or play very occasionally. If you return to the table tomorrow and lose, are you any better off because you stopped as a winner yesterday and had this money in your pocket or in your account for a few hours? The simple truth is if the game is good and you are winning there is no reason at all to stop. If the game is bad, you are an underdog, you are feeling unwell, tired, upset, stressed – stop. It does not matter if you are winning or loosing, if you are not playing your best it is better to do something else and come back to poker another time.

So many people wants to start investing in property but dont know where to start. Experienced buyers will tell you that you should contact financial institutions and let them handle your property finance for you. That is very true. You should use other peoples money to finance your property.

Investors also advise new comers not to put all their money in one single property. The ideal is to have a number of properties so that the risk youre taking is reduced. Obviously not everyone can start investing in more than one property. Therefore you have to take that first step and buy your first piece of real estate. Remember that you must do your homework on which property to buy. Buying something that everyone else has is a bad decision.

These days mortgage houses and other financial institutions offer property finance of up to 90% of the total value. Property financing has become a dynamic business where investors and lenders have to keep up with laws and credit bureaus. While you are able to get finance of up to 90% you still need to convince the lender that you will be able to cover the monthly payments.