Phil Ivey Net Worth and Key Habits

Phil Ivey Net Worth = $100 Million

Phil Ivey is often referred to as the Tiger Woods of Poker due to his skin tone and winning ways. He has been considered to be by many experts one of the best all-around poker players of all time. He has won World Poker Series Titles and was inducted into the Poker Hall of Fame. 

Quotes - Phil Ivey Net Worth and Key Habits

You get your chips your way, I'll get my chips mine. - Phil Ivey

You've got to take some chances and know when you're beat and know how to get certain advantages. - Phil Ivey

I'd work on my game online and at casinos, build my bankroll, find good games, and try to put myself in a position to keep winning and earn a steady income. - Phil Ivey

A lot of people these days are too ambitious; their sights are set too high at the start and they end up diving in too deep, quitting their day job too soon. They move to Vegas or wherever, make an all-or-nothing commitment before they're ready, and burn out. - Phil Ivey

Habit #1 - Start Early

Phil Ivey started playing poker when he was a teenager. He got a fake idea to get into places illegally so that he could play. He may not have realized it at the time, but a massive predictor of success is the time you have put into anything. By starting early, Phil Ivey was able to learn the game and make mistakes early when he had less to lose.

Everyone can learn from this. If you have kids, start them and expose them to different things as early as you can. When it comes to trying to find what you want to do with your own life, though, think about things that you have spent a tonne of time around.

Habit #2  - Adjust As You Go

Phil Ivey is known for getting beat by players early on and then warming up to them and destroying them by the end. He can do this because he is excellent at adapting to his competition. Think about the Patriots at half time, they always come out stronger because they know how to adjust. The same is to be said for him as a poker player. He pays attention to how his competitors play the game, and then he comes back stronger.

The key to survival for any living organisms the ability to adapt to surroundings. Humans are changing machines. Able to survive in the most extreme weather, diet, and settings. You must be able to adapt like Phil Ivey to whatever life throws at you if you want to succeed. The only thing promised in life is change itself.

Habit #3 - Make Low Risk Moves

The way people see Poker players is similar to how people view entrepreneurs. They seem to like these substantial risk-takers that are always looking to do the riskiest thing possible. It's not true. Phil Ivey was great at building up his pot in low-risk games that most people did not want. He would gain momentum in these low-risk situations. He did not go all-in on poker too quickly, either. He kept his day job until he knew it could be a consistent stream of income. 

You don't have to risk everything to succeed. The best thing you can do is find a way to take low-risk moves. If you can keep making low-risk moves to start, you will be able to learn and built up some money to be able to take a bit more risk.