I was talking to a gentlemen today who was definitely an older generation as he mentioned that he never grew up with things like a television set and to this date he still refuses to buy one. Similarly, he has enforced this lifestyle with his children as well where for the most part they are illiterate when it comes to the most basic items nowadays such as how to browse the Internet. Just recently he started to realize that maybe restricting them from all this technology in such an extreme way is probably not the best way to go. That then brought up topics such as him maybe having to hire people like tutors to help get them on a similar level to other kids.

Because they were still kids though people were then suggesting why spend all that money on things like expensive tutors when you could easily teach them through hobbies? For example, people suggested buying a computer, a simple tablet or even a video game system can probably teach themselves a lot if you let them go at it. I know a lot of adults that even use this approach to teach themselves additional skills and knowledge in life for example and in many cases it can work.

I would say the biggest obstacle though is the fact that most people would stop if they don’t have others to share their newly found hobby or passion with. So therefore if you are using the hobby approach as a fun way to learn new skills and as well to save money then it’s probably best ahead of time to find like a group or buddy to venture with. In a way you can treat it like it is your own classmates too.

I suppose the other point in this conversation is don’t forget times change and people need a different set of skills to survive and adapt in the environment that they are now in.

So I’ve been continually doing that video project with a few people for fun before and it’s funny how we are naturally progressing where it feels like everything you can imagine in a business setting where you would be planning and projecting what to do next just seemed to come up. As well, it naturally opened up doors for things that we could do to generate an income in order to do more sophisticated things.

While it is not fully at that stage yet, what this makes me think of so far is that running a business doesn’t really require much rocket science as it is more about doing something you are passionate about. With that, you naturally care enough about it that you tend to get organized and serious into doing a good job which translates into success in so many other ways.

I think in these kids of circumstances too where a person made a hobby into a business I think the challenge is more about how you deal with the large amount of attention that you may not be used to as I’m sure you will have people knocking on your door left and right after where your mindset is more about continuing to do what you enjoy.

I was talking to a person who was fairly young and he actually ran his own business. He still lived with his family and all too. Since his business is doing very well and his living expenses aren’t massive he usually has an excess amount of money at the end of the week. Not surprisingly, at times it seems like he doesn’t know what to do with it and so it is either spent on things like dining out or even gambling.

What is funny I thought is that usually for like myself when it comes to spending money I would think “Is it worth it” or “How much return can I get” whereas it seemed like for him in many cases it is more like “If I don’t spend it here I would there anyways” and so he just ends up using his money. I suppose it’s hard to break a habit like that in his scenario as he has an excess amount of money coming in and there is no real need for him to change when you think about it.

I know one person who broke that habit by simply getting a hobby of all things. Strange huh? You would think that you would need to work hard to show them the importance of saving for the the future and all. But really, just doing something that occupied his time more for when it is not business time worked like a charm. No reason why this couldn’t work too for most other people if there are people you are struggling with to try to change their financial habits.

I was talking to a person recently on how one of his friends has created a successful business that generates five to six figures a year by selling toys/figures. He simply did it as a side project before since he had a lot of passion for it and surprisingly it has ballooned into a non stop business which he now does full time.

You hear this a lot I’m sure, but it really does start by doing something that you are passionate about because at the end of the day it can’t simply be about the money. It is too easy to lose motivation just basing it on money as well. You can easily start small like most people. It can definitely be great from a lifestyle point of view too as it doesn’t feel like work.