Ive got around $500. Im a purely Sit n go and tournament player, i dont care for cash games. This is alot of money to me, and I didnt really feel like losing my head over it and starting to play tourneys and sit n go's that were too high stakes for me. Right now i just think i got lucky. If i win again ill believe im onto sometihng and ill move up to bigger tourneys and sng's. But this is just a saftey net for me i love playing holdem and the moneys just a nice little payback for my time.
Ring KILLS sngs. There is way more money to be made in ring!
Why dont you use the $500 to start playing and learning 25NL. I suggest to play full ring, but many play 6-max.