WEBVTT - Why You Need a New Hobby #111 0:00:00.120 --> 0:00:02.840 Welcome to How the Money. I'm Joel and I'm Matt 0:00:03.000 --> 0:00:25.439 and today we're discussing why you need a new hobby. Yeah, 0:00:25.880 --> 0:00:27.840 we are going to talk all about hobbies, which is 0:00:28.000 --> 0:00:29.800 a fun little topic. This is almost more of like 0:00:29.800 --> 0:00:31.639 a lifestyle of thing. But but I'm looking forward to 0:00:31.680 --> 0:00:33.680 how we're gonna sort of tie money into this and 0:00:33.720 --> 0:00:36.400 really why we feel that having hobbies is so important 0:00:36.440 --> 0:00:39.000 for our personal growth as well as our long term 0:00:39.040 --> 0:00:41.760 sort of outlook towards retirement, financial independence. There's a lot 0:00:41.800 --> 0:00:44.760 of implications that that hobbies have, so yeah, that that 0:00:44.800 --> 0:00:46.120 should be a lot of fun. But real quick, I 0:00:46.120 --> 0:00:47.800 wanted to share a story with you, you you like we 0:00:47.880 --> 0:00:51.040 always do every week. Oh tell me a story, Matthew. So, 0:00:51.200 --> 0:00:52.839 Kate and I we we received a letter in the 0:00:52.880 --> 0:00:56.040 mail from It said Capital one, and it was a 0:00:56.080 --> 0:00:59.040 different looking letter. It's not the standard envelope that you get. 0:00:59.080 --> 0:01:00.800 So we cracked it open to look and it was 0:01:00.840 --> 0:01:03.360 from Cap one three sixty, which we used to have 0:01:03.400 --> 0:01:04.680 one of those accounts, and so I thought it was 0:01:04.720 --> 0:01:06.920 kind of bizarre. So I actually read it. Wait, let 0:01:06.920 --> 0:01:08.520 me guess the end of the story. It was a 0:01:08.600 --> 0:01:10.839 check for a lot of money and you're retiring early 0:01:11.200 --> 0:01:17.039 two dollars. No, but similar to that, they actually said 0:01:17.040 --> 0:01:19.520 that there was an abandoned accounts or it was actually 0:01:19.520 --> 0:01:21.960 getting ready to be abandoned within like another month or two, 0:01:22.280 --> 0:01:23.760 and that it was going to be turned over to 0:01:23.760 --> 0:01:26.480 the state because there had been zero activity on it 0:01:26.520 --> 0:01:28.800 I want to say, maybe for three years. Oh and 0:01:28.840 --> 0:01:30.919 by the way, it was only for fifty six bucks, 0:01:31.000 --> 0:01:33.679 so that's a lot of money, but still enough for 0:01:33.720 --> 0:01:35.560 me to want to make that call and look into 0:01:35.600 --> 0:01:37.680 it a little bit something. Yeah, But after I thought 0:01:37.680 --> 0:01:39.640 about it for a second, we remembered why we had 0:01:39.640 --> 0:01:42.520 opened that accounts, and it was because there was a 0:01:42.560 --> 0:01:44.280 sign up bonus way back in the day that they 0:01:44.280 --> 0:01:46.600 were offering, and my wife opened that account under her 0:01:46.640 --> 0:01:48.600 name deposited the right amount of money in there to 0:01:48.760 --> 0:01:51.200 meet the requirements to to get that bonus. But then 0:01:51.560 --> 0:01:52.800 I guess we pulled some of it out, but then 0:01:52.800 --> 0:01:55.080 we forgot about it. And you know what, we talked 0:01:55.120 --> 0:01:58.160 about the benefits of finding a nice sign up bonus 0:01:58.200 --> 0:02:00.800 for a new checking new saving is a count but 0:02:01.080 --> 0:02:03.680 one downside is that if you are not super organized 0:02:03.720 --> 0:02:06.640 and I'm pretty organized, right, You've talked about the spreads 0:02:06.760 --> 0:02:08.960 c you have many times, but somehow that one kind 0:02:08.960 --> 0:02:11.720 of slipped under the radar. And that's the downside is 0:02:11.760 --> 0:02:14.040 that you know, you don't want to leave these accounts abandoned, 0:02:14.080 --> 0:02:16.680 otherwise it will be turned over to the States and 0:02:16.960 --> 0:02:19.480 you may not actually find that money. Well, how suite 0:02:19.480 --> 0:02:21.600 of capital one three sixty to notify you be the 0:02:21.639 --> 0:02:23.960 mail and you're gonna get your fifty six bucks back 0:02:24.040 --> 0:02:26.600 before this account was closed and wind torment right and 0:02:26.720 --> 0:02:28.640 take that to the bank. Yeah, but I think it's 0:02:28.639 --> 0:02:30.840 important for people to know that there's a chance that 0:02:30.880 --> 0:02:33.560 there's an account like that out there that you've forgotten about. 0:02:33.760 --> 0:02:36.480 Maybe you also opened up a separate bank account to 0:02:36.480 --> 0:02:38.600 grab that bonus. And the easiest way to track down 0:02:38.600 --> 0:02:40.880 that money that you might have completely forgotten about, well, 0:02:40.919 --> 0:02:42.840 there's a site that really helps folks do that, and 0:02:42.880 --> 0:02:46.040 it's called missing money dot com. Missing money helps people 0:02:46.080 --> 0:02:49.800 find the rifle owners of unclaimed money that states received 0:02:49.840 --> 0:02:53.040 like your state Matt was about to receive exactly. You 0:02:53.080 --> 0:02:55.960 can conduct a free search for bank accounts, safe deposit 0:02:56.000 --> 0:03:01.399 box contents, uncash checks, insurance policy CDs, trust funds, utility deposits, 0:03:01.400 --> 0:03:04.080 stocks and bonds escrow accounts and more. I mean, it's 0:03:04.120 --> 0:03:06.400 kind of cool that it's a lot it is. They're 0:03:06.440 --> 0:03:09.120 all these potential accounts that maybe you've forgotten about, and 0:03:09.120 --> 0:03:11.440 you know what, maybe search for a parent or a relative, 0:03:11.440 --> 0:03:13.760 a loved one too. But Missing Money is just this 0:03:13.840 --> 0:03:17.040 cool site where you can for free check and see 0:03:17.120 --> 0:03:19.600 if you are somebody that you know and love is 0:03:19.639 --> 0:03:22.320 potentially missing some money that they should have in their lives. 0:03:22.639 --> 0:03:24.600 So obviously I searched our name to see if you know, 0:03:24.600 --> 0:03:26.400 there's anything else since that kind of came up on 0:03:26.400 --> 0:03:28.239 a radar. Are there more accounts I've forgotten about? I 0:03:28.240 --> 0:03:30.240 also searched your name and saw that there was not, 0:03:30.360 --> 0:03:32.440 so I'd searched my name to what you While I 0:03:32.480 --> 0:03:34.480 was thinking about this, I was just surprised at the 0:03:34.480 --> 0:03:36.640 different people named large Guard out there because it's a 0:03:36.680 --> 0:03:39.480 really uncommon last name, and just kind of see where 0:03:39.520 --> 0:03:43.120 they're scattered on the country, which, yeah, which which ones 0:03:43.160 --> 0:03:45.120 are missing money? And uh and yeah. So it's just 0:03:45.200 --> 0:03:47.400 kind of interesting to see that, But sadly, I'm not 0:03:47.440 --> 0:03:50.520 currently missing any money. It's also gonna note that most 0:03:50.520 --> 0:03:53.000 states do participate in that website Missing money dot com, 0:03:53.000 --> 0:03:55.200 but if they don't. They'll say that they don't participate, 0:03:55.240 --> 0:03:56.800 and they'll have a link a lot of times to 0:03:57.120 --> 0:03:59.640 this specific state website where you can typically go and 0:03:59.680 --> 0:04:01.920 search for free so make sure to check that out 0:04:02.000 --> 0:04:04.680 missing money dot com. Yep, all right, Matt, let's mention 0:04:04.800 --> 0:04:07.880 the beer and I put beer in quotation marks because 0:04:08.360 --> 0:04:10.760 so on Monday's episode, we had a cold brew coffee 0:04:10.800 --> 0:04:13.840 and today we're taking another right turn. We're having a 0:04:13.880 --> 0:04:16.479 cider on the show, the second sider we've ever had. 0:04:16.680 --> 0:04:19.200 On this episode, we're having a bourbon barrel peach cider 0:04:19.520 --> 0:04:22.039 by tie it On Cider Works out of Washington State, 0:04:22.160 --> 0:04:25.440 and Jenna, who works with this sidery, sent this br away. 0:04:25.480 --> 0:04:27.320 So thanks to Jennifer sending this one out, I'm really 0:04:27.360 --> 0:04:29.359 intrigued and ready to try this one. And it's not 0:04:29.440 --> 0:04:31.760 that we don't like beer anymore. We're just taking a 0:04:31.800 --> 0:04:34.679 little late summer beer break, and next episode we're getting 0:04:34.680 --> 0:04:36.320 back to the beer. We promise it's it's all beer 0:04:36.360 --> 0:04:37.880 from here on out for the most part. But but 0:04:37.960 --> 0:04:40.120 since Jenna was kind enough to send us this sider, 0:04:40.160 --> 0:04:41.680 we're ready to try it. So we'll let you know 0:04:41.720 --> 0:04:43.240 what we think about it at the end. Of the show. Yeah, 0:04:43.279 --> 0:04:45.760 looking forward to it all right, att onto the subject 0:04:45.800 --> 0:04:49.120 at hand. Today we're discussing why you need a new hobby, 0:04:49.240 --> 0:04:52.919 and last week we discussed why we're saving for retirement. 0:04:53.640 --> 0:04:55.479 Just kind of felt like there's this need to address 0:04:55.480 --> 0:04:59.359 why we're doing that. But interestingly enough, many people that 0:04:59.440 --> 0:05:02.279 retire they have no idea what to do with themselves. 0:05:02.680 --> 0:05:04.840 They get bored and end up going back to work. 0:05:05.080 --> 0:05:08.200 My uncle is this perfect example of this, where he 0:05:08.480 --> 0:05:11.479 retired and sat on his hands. He didn't know what 0:05:11.520 --> 0:05:14.080 to do with his life after retirement, and he ended 0:05:14.160 --> 0:05:16.400 up getting a job down the street, part time, twenty 0:05:16.440 --> 0:05:18.599 something hours a week. And I see this all the 0:05:18.680 --> 0:05:20.920 time in my dad's friend group, when they start to 0:05:20.960 --> 0:05:24.240 retire and they go back to work because they don't 0:05:24.279 --> 0:05:26.040 know what to do with themselves. And sometimes it's okay, 0:05:26.160 --> 0:05:28.800 right to to find a more meaningful job, but yeah, 0:05:28.800 --> 0:05:31.440 exactly finding something that you know, you feel that satisfies 0:05:31.480 --> 0:05:33.240 you more on a personal level, even if it's not 0:05:33.279 --> 0:05:35.720 paying nearly what you were making in your in your 0:05:35.760 --> 0:05:38.800 regular job. Right. Yeah, my cousin he told me recently 0:05:38.839 --> 0:05:40.880 that his dad went back to work after retirement to 0:05:40.920 --> 0:05:43.240 work at home depot but it's because he's obsessed with 0:05:43.320 --> 0:05:45.440 home depot and he was like, he'd be there every 0:05:45.520 --> 0:05:47.280 day of the week. Anyway, I give them so much 0:05:47.279 --> 0:05:49.000 of my money. Anyway, I feel like I could work there, 0:05:49.360 --> 0:05:51.240 you know. Yeah, So I just thought it was really 0:05:51.240 --> 0:05:53.279 funny that for him going back to work wasn't throwing 0:05:53.320 --> 0:05:55.560 in the towel. It wasn't like admitting defeat an interception 0:05:55.600 --> 0:05:58.200 of last resort. Yeah, it was literally this fun new 0:05:58.240 --> 0:06:00.120 option that he could partake in. That's just how be 0:06:00.160 --> 0:06:02.400 and he's putting it to work. But it's important for 0:06:02.480 --> 0:06:06.239 us to choose and develop, in particular budget friendly hobbies. Now, 0:06:06.600 --> 0:06:09.320 my friend Wes Moss, who wrote a book about happier retirees, 0:06:09.480 --> 0:06:12.640 he calls him core pursuits, and he mentioned that, Yeah, right, 0:06:12.720 --> 0:06:14.640 I think it's a good way more pursuits the way 0:06:14.640 --> 0:06:17.120 of describing it. Based on his studies, he says that 0:06:17.160 --> 0:06:20.560 the happiest retirees have roughly three and a half core 0:06:20.600 --> 0:06:24.240 pursuits that are meaningful to them, and the unhappiest retirees 0:06:24.320 --> 0:06:27.320 have fewer than two and and so, yeah, I think 0:06:27.360 --> 0:06:30.039 that's kind of a good springboard for this conversation that 0:06:30.320 --> 0:06:33.720 whether you're in your twenties or whether you're in your sixties, 0:06:34.000 --> 0:06:36.240 there are a lot of good reasons to find these 0:06:36.240 --> 0:06:40.240 core pursuits, these hobbies that are meaningful, that are inexpensive, 0:06:40.600 --> 0:06:42.440 and so yeah, that's what this episode is gonna be 0:06:42.440 --> 0:06:44.840 about today. Yeah, so this episode really is all about 0:06:44.839 --> 0:06:47.320 getting more fulfillment out of your leisure time. Yeah, and 0:06:47.400 --> 0:06:50.040 Jill speaking, you know, to the fulfillment, right, finding your 0:06:50.040 --> 0:06:53.320 interests so that when you retired, you retire to something. 0:06:53.800 --> 0:06:56.440 Getting folks to to think long term about fun stuff, right, 0:06:56.440 --> 0:06:58.479 that's what we're doing. We talk about that all the 0:06:58.520 --> 0:07:01.080 time with our money specifically, but what we're talking about 0:07:01.080 --> 0:07:03.360 on this episode is that we should also be doing 0:07:03.400 --> 0:07:06.159 that with our interests as well. You know, we have 0:07:06.240 --> 0:07:09.200 a like it's such a performance or like work based 0:07:09.200 --> 0:07:10.920 culture in the United States. It's good to kind of 0:07:10.960 --> 0:07:13.360 step outside of that. We're essentially we're trying to find 0:07:13.400 --> 0:07:15.680 again balance in our life, and that's what we always 0:07:15.800 --> 0:07:17.880 strive to do on the show is try to find 0:07:17.880 --> 0:07:20.240 a balance between being smart with our money so that 0:07:20.280 --> 0:07:23.400 we can afford to live like at all, you know, 0:07:23.440 --> 0:07:25.200 in the future, but at the same time making sure 0:07:25.200 --> 0:07:27.640 that we are pursuing things that we find personal fulfillment 0:07:27.680 --> 0:07:30.200 in because guess what if that's something that we neglect 0:07:30.480 --> 0:07:32.840 now early on, Yeah, we're we are going to get 0:07:32.880 --> 0:07:35.680 towards the maybe the middle or end of our lives, 0:07:35.840 --> 0:07:37.360 and we might find that we just don't know what 0:07:37.400 --> 0:07:39.000 to do with ourselves, and we might find that we 0:07:39.040 --> 0:07:41.320 are restless and that we turn to to work to 0:07:41.400 --> 0:07:43.960 kind of find that fulfillment. Yeah. I think work can 0:07:44.000 --> 0:07:46.520 be a safety blanket for you if you don't have 0:07:47.160 --> 0:07:50.200 really good hobbies, meaningful hobbies, those core pursuits, right that 0:07:50.280 --> 0:07:52.520 you're tackling in your life. Well, I think another really 0:07:52.560 --> 0:07:54.080 important part of this. I mean, our show is called 0:07:54.080 --> 0:07:55.560 How the Money, so we have to talk about the 0:07:55.600 --> 0:07:58.840 money aspect of course, right, Well, hobbies can be expensive, 0:07:58.920 --> 0:08:00.560 and I don't know, I guess when I think about 0:08:00.720 --> 0:08:04.800 the quintessential retiree, I'm thinking of someone who plays golf 0:08:04.800 --> 0:08:07.120 two or three times a week, and which is solely 0:08:07.120 --> 0:08:09.280 fine though. I mean, if you are really into golf 0:08:09.400 --> 0:08:10.600 and if that's something that you want to do, you know, 0:08:10.680 --> 0:08:12.880 spend your time doing that once you retired, then that's great. 0:08:13.040 --> 0:08:14.680 But as long as you're kind of doing that because 0:08:14.760 --> 0:08:16.840 you really love it, not just because well, I can 0:08:16.840 --> 0:08:18.840 go play golf, I guess right. Yeah. I was thinking 0:08:18.880 --> 0:08:20.679 today about another hobby that one of my friends recently 0:08:20.720 --> 0:08:24.080 picked up, and that is flying airplanes. That is another 0:08:24.240 --> 0:08:27.560 really expensive hobby. Pretty baller though. It's just so cool though, right, 0:08:27.560 --> 0:08:31.679 I totally understand the desire to fly airplanes despite the cost. 0:08:31.720 --> 0:08:35.160 I think it can be worthwhile, right, But expensive hobbies 0:08:35.200 --> 0:08:38.120 and spending too much on your hobbies can also be 0:08:38.160 --> 0:08:40.360 a negative, right if we're not doing it inside the 0:08:40.360 --> 0:08:43.080 bounds of a good budget. So I think it's important 0:08:43.120 --> 0:08:45.680 to mention that there are some awesome hobbies out there 0:08:45.880 --> 0:08:47.920 that are free and cheap. And we think that by 0:08:48.040 --> 0:08:51.800 intentionally choosing hobbies and pursuing interests that are affordable, what 0:08:51.960 --> 0:08:55.480 keeps you from the temptation of diving down that spending 0:08:55.559 --> 0:08:58.920 rabbit hole. So obviously, if you're making a specific choice 0:08:59.120 --> 0:09:01.080 based on something that you really love that does cost 0:09:01.160 --> 0:09:03.400 money and if fits into your budget, then that's great. 0:09:03.480 --> 0:09:05.160 But it's also important to mention that there are a 0:09:05.240 --> 0:09:07.439 lot of killer hobbies out there that are really fun 0:09:07.600 --> 0:09:09.760 that are free and cheap. Jell. Another way to say 0:09:09.800 --> 0:09:12.800 that is essentially we're curating our tastes, right, Like there 0:09:12.800 --> 0:09:14.520 are certain hobbies, certain things that we could pick up 0:09:14.520 --> 0:09:17.199 that are really expensive, like you said golf or flying 0:09:17.200 --> 0:09:19.439 airplanes that that could be really expensive. But if that's 0:09:19.480 --> 0:09:22.520 your passion and that gives you an incredible fulfillment, then 0:09:22.559 --> 0:09:25.720 that's awesome. But just don't fall into something like that 0:09:26.040 --> 0:09:28.440 almost without even thinking about it, because you could spend 0:09:28.440 --> 0:09:30.920 a lot of money towards those pursuits. And so part 0:09:30.920 --> 0:09:33.120 of the reason why we're saying hobbies as well and 0:09:33.120 --> 0:09:36.560 and less entertainment is for me at least, entertainment has 0:09:36.559 --> 0:09:40.920 sort of this connotation of like passive consumption, where without 0:09:40.920 --> 0:09:43.680 even really thinking about it, we're just being fed fun stuff, 0:09:43.800 --> 0:09:47.880 right Versus a hobby is typically something that you pursue, 0:09:48.240 --> 0:09:50.680 and when you pursue something, there's engagement there. And I 0:09:50.720 --> 0:09:53.360 know that anytime I'm more engaged in something that I'm doing, 0:09:53.400 --> 0:09:56.400 I literally feel more personal fulfillments and I end up 0:09:56.400 --> 0:09:58.120 being a better person. And there's just lots of other 0:09:58.160 --> 0:10:00.560 benefits that come with these hot bays that we can 0:10:00.559 --> 0:10:03.600 pursue versus just lumping this all into maybe what we'd 0:10:03.600 --> 0:10:05.800 call entertainment. Yeah, I mean, you and I we like 0:10:05.840 --> 0:10:08.720 to go to soccer games and I would say that 0:10:08.840 --> 0:10:12.280 soccer games are not a hobby. Those are entertainment and 0:10:12.400 --> 0:10:14.400 it's cool. I enjoy spending my money in that way. 0:10:14.440 --> 0:10:16.680 I like one of soccer games. It's super fun. But 0:10:16.679 --> 0:10:18.559 but it's not a hobby. And so yeah, like we're 0:10:18.559 --> 0:10:21.600 talking about hobbies slash core pursuits in general, and I 0:10:21.640 --> 0:10:23.440 don't think following a sports team or anything like that 0:10:23.440 --> 0:10:25.720 would necessarily make that cut. Yeah, well, let me jump 0:10:25.720 --> 0:10:28.000 on that example. Let's say you're part of a supporters 0:10:28.040 --> 0:10:30.440 group though, and every week you're part of the design 0:10:30.440 --> 0:10:32.360 team that put together the t pos, like the giant 0:10:32.360 --> 0:10:34.320 banners that they raised up at the beginning of the match. 0:10:34.760 --> 0:10:36.760 That's more of a hobby, Like, that's that's you're kind 0:10:36.760 --> 0:10:39.040 of providing value to the team. There, there's something else 0:10:39.040 --> 0:10:41.920 going on there versus just sort of passively sitting back 0:10:41.920 --> 0:10:44.400 and kind of consuming the match. Right. Yeah, there's a 0:10:44.400 --> 0:10:46.680 community aspect of that as well, exactly, And we're gonna 0:10:46.720 --> 0:10:48.959 get to some of those benefits later on in the show. Yeah, 0:10:49.000 --> 0:10:52.080 And while we're talking about the price disparity in hobbies 0:10:52.400 --> 0:10:54.600 in particular, if you're hearing this right now and you're like, 0:10:54.679 --> 0:10:56.600 I do need to find a new hobby. Why, I 0:10:56.600 --> 0:10:59.400 would suggest looking at the costs of that hobby and 0:10:59.440 --> 0:11:01.760 trying to find something that is inexpensive. If you're already 0:11:01.800 --> 0:11:04.520 locked into a hobby that is pretty expensive but you 0:11:04.559 --> 0:11:07.199 love it, that's cool. But this is also a chance, 0:11:07.240 --> 0:11:08.920 I think for some people who have been doing a 0:11:08.960 --> 0:11:12.319 hobby but don't necessarily find it terribly fulfilling, to ditch 0:11:12.360 --> 0:11:14.959 the expensive hobby and find something new. Yeah, Joel, and 0:11:14.960 --> 0:11:16.840 we're talking about money the cost of hobbies, right, but 0:11:16.880 --> 0:11:19.520 there are other factors that are worth considering. I'm thinking 0:11:19.520 --> 0:11:21.840 of certain hobbies that just might take up a massive 0:11:21.880 --> 0:11:24.520 amount of time, and that's fine. I'm thinking of maybe 0:11:24.600 --> 0:11:26.360 if you like to go voting or something like that, 0:11:26.480 --> 0:11:28.280 probably especially good, by the way, if it takes up 0:11:28.280 --> 0:11:30.280 a lot of time if you are retired, yeah, exactly, 0:11:30.320 --> 0:11:32.280 you've got lots of time then. But either way, you 0:11:32.280 --> 0:11:34.120 just need to make sure that you are intentionally doing 0:11:34.160 --> 0:11:36.360 that because you love it. Brings you an incredible amount 0:11:36.360 --> 0:11:38.640 of fulfillment, because not only will something like that take 0:11:38.720 --> 0:11:40.800 up a lot of your money your funds, but also 0:11:40.840 --> 0:11:42.480 a lot of your time as well. And if it's 0:11:42.520 --> 0:11:45.840 something that you're only kind of halfway excited about. Well, 0:11:45.840 --> 0:11:48.440 it may not be a hobby worth pursuing. Right, There's 0:11:48.440 --> 0:11:50.560 also a lot of other factors to consider, Right, there's 0:11:50.559 --> 0:11:52.840 a lot of other areas in our life where our 0:11:52.880 --> 0:11:55.160 hobbies can come into play. And we're gonna talk about 0:11:55.200 --> 0:12:06.880 those right after the break. All right, Matt, we're back. 0:12:06.880 --> 0:12:09.880 We're talking about hobbies, which is a fun little topic here. 0:12:10.000 --> 0:12:12.120 Did you ever go to a HobbyTown USA? Did you 0:12:12.120 --> 0:12:13.680 have one of those when you're growing up? But we 0:12:13.720 --> 0:12:15.720 totally did. Yeah, And you know what, I always go 0:12:15.720 --> 0:12:17.320 in there and by like the twenty one side of dice. 0:12:17.880 --> 0:12:21.439 I never got those, but I always wanted. No, I wasn't. 0:12:21.600 --> 0:12:24.319 I truly wasn't, But I did want the car kits 0:12:24.559 --> 0:12:26.640 where you could like glue all these pieces of a 0:12:26.640 --> 0:12:28.760 car together, and and I but I honestly I never 0:12:28.760 --> 0:12:30.679 did one successfully. I just don't think I had the 0:12:30.720 --> 0:12:32.960 attention to detail. Yeah, with those, I always just wanted 0:12:33.000 --> 0:12:34.960 to kind of drive it after the facts. It's like, okay, cool, 0:12:35.000 --> 0:12:37.319 does it run? Where's the remote? It's like, no, it 0:12:37.400 --> 0:12:38.720 kind of just sits there on the shelf. No. I 0:12:38.760 --> 0:12:40.760 was so much better with the remote control cars. It's 0:12:40.760 --> 0:12:42.760 so much more fun, Like let's actually skip the building. 0:12:43.080 --> 0:12:45.600 It looks cool the finished product, but I don't have 0:12:45.640 --> 0:12:48.160 the concentration actually keep going on it. So yeah, remote 0:12:48.160 --> 0:12:51.040 control cars definitely more of my alley, more fun, for sure. 0:12:51.640 --> 0:12:54.440 But we want to talk about the additional, potentially secret 0:12:54.480 --> 0:12:57.080 benefits of hobbies that most people don't really think about. 0:12:57.480 --> 0:13:00.520 Usually it's something that you're naturally attracted to, or something 0:13:00.559 --> 0:13:02.680 that a friend maybe got you into, but we don't 0:13:02.679 --> 0:13:05.840 think about the power that hobbies have in our lives. 0:13:06.120 --> 0:13:08.000 And so, of course Money Show, we gotta talk about 0:13:08.000 --> 0:13:11.520 the money factor that goes along with hobbies. Hobbies can 0:13:11.640 --> 0:13:14.040 end up earning you extra money. It can turn into 0:13:14.200 --> 0:13:17.400 a side hustle or potentially even a full time gig sometimes, 0:13:17.400 --> 0:13:21.000 So in my mind, that's not usually the purpose of 0:13:21.040 --> 0:13:24.240 a hobby, but sometimes you find that you're so into 0:13:24.320 --> 0:13:27.080 it and you become so good at something exactly even 0:13:27.400 --> 0:13:30.920 that it turns into more and you can actually make 0:13:30.960 --> 0:13:34.080 sign income or a full time living based on a 0:13:34.120 --> 0:13:36.120 hobby that you pursued, which is which is cool. Yeah, 0:13:36.160 --> 0:13:38.840 I completely agree. You can't underestimate the power. You said 0:13:38.840 --> 0:13:40.560 the power of hobbies a second ago, right, But you 0:13:40.559 --> 0:13:43.280 can't underestimate the power that a hobby might have down 0:13:43.320 --> 0:13:45.880 the road when it comes to generating money. However, I 0:13:45.880 --> 0:13:47.640 think what you said is true. I think we need 0:13:47.679 --> 0:13:50.079 to be careful when it comes to hobbies because really 0:13:50.080 --> 0:13:53.120 they should be I think something different than ways that 0:13:53.120 --> 0:13:56.120 we're able to make money, because it's something that we 0:13:56.120 --> 0:13:58.199 should be pursuing because we love it, well, you know, 0:13:58.240 --> 0:14:00.240 we kind of have a passion for it. And if 0:14:00.240 --> 0:14:02.439 we start immediately looking to ways that maybe we can 0:14:02.440 --> 0:14:05.800 monetize that hobby, then you know, maybe it's not truly 0:14:06.040 --> 0:14:10.280 a hobby that you're trying to build a side. Probably, Yeah, exactly. Again, 0:14:10.280 --> 0:14:12.320 it's another fine thing we've talked about on the show before. 0:14:12.360 --> 0:14:15.280 But but hobbies, this core pursuit kind of mentality that 0:14:15.280 --> 0:14:17.920 we're getting into it is altogether different. And this is 0:14:17.960 --> 0:14:21.360 something you're pursuing most of the time purely for the 0:14:21.440 --> 0:14:25.120 pleasure of doing this task, of of of partaking in 0:14:25.160 --> 0:14:28.720 this hobby. Sometimes it leads to more though, just for funzies. 0:14:28.840 --> 0:14:31.160 Right exactly makes me think of the old guys you 0:14:31.200 --> 0:14:33.680 see on the beach with the metal detectors, and I 0:14:33.840 --> 0:14:36.920 still totally want one of those, because not because I 0:14:37.040 --> 0:14:38.880 know I'm gonna make a killing, But because I just 0:14:38.920 --> 0:14:40.680 think it's a fun way to spend time at the beach. 0:14:40.920 --> 0:14:43.160 Why not have the little Scooper and you got your 0:14:43.160 --> 0:14:45.080 metal detector with the headphones then so you can kind 0:14:45.080 --> 0:14:47.200 of hear a beep or whatever over the waves, you know, 0:14:47.240 --> 0:14:49.800 like who needs crashing waves and the beautiful sound of 0:14:49.800 --> 0:14:52.680 seagulls When you could hear these beeps to that, you 0:14:52.680 --> 0:14:55.440 were all the changes right, Honestly, I totally see you 0:14:55.440 --> 0:14:57.000 doing that your old age. I've already got the hat. 0:14:57.200 --> 0:14:59.600 You've seen my beach. Have a hat for it. It's massive, 0:14:59.680 --> 0:15:02.000 keeps the son from burning muskin. You're half the way there, 0:15:02.000 --> 0:15:03.600 and now I know what to get cheap for Christmas. 0:15:04.120 --> 0:15:05.760 If you get me one of those, man, I'll totally 0:15:05.840 --> 0:15:08.760 use it proudly. So one of the most unique hobbies 0:15:08.800 --> 0:15:10.520 that I have heard of recently. Matt I heard about 0:15:10.520 --> 0:15:12.960 in an interview with an actor Danny McBride. Do you 0:15:12.960 --> 0:15:15.400 know who he is? I do not, Okay, So he's 0:15:15.440 --> 0:15:18.320 been in a couple of awesome shows and movies. He's 0:15:18.520 --> 0:15:21.640 really funny and pretty out there, but he uh. He's 0:15:21.680 --> 0:15:24.480 telling the story that he recently moved to Charleston, South Carolina. 0:15:24.680 --> 0:15:26.880 Good place abnormal for actors, but I think that's so 0:15:26.920 --> 0:15:29.200 cool that he did it anyway, Like, that's awesome. And 0:15:29.440 --> 0:15:31.280 he was trying to meet new friends, and so he 0:15:31.320 --> 0:15:33.600 was hanging out with dads of kids that his kids 0:15:33.600 --> 0:15:36.120 were friends with, preschool dads or whatever. Yeah, and this 0:15:36.200 --> 0:15:38.880 one dad took him on this excursion to find sharks teeth, 0:15:39.720 --> 0:15:42.480 but not just like sharks teeth on the beach, prehistoric 0:15:42.600 --> 0:15:46.040 sharks teeth in these sand corries or something that you 0:15:46.080 --> 0:15:48.280 have to break into. And so that's like his new 0:15:48.320 --> 0:15:52.000 hobby is jumping fences finding these like nine inch long 0:15:52.240 --> 0:15:54.880 prehistoric sharks teeth, and he's just super into it. So 0:15:54.920 --> 0:15:56.720 I just thought that was interesting. It's pretty cool. Hobbies 0:15:56.720 --> 0:15:58.960 can run the gamut. Yeah. Absolutely, That's definitely one that 0:15:59.080 --> 0:16:01.880 may not necessarily make you money immediately, but I'm guessing 0:16:01.920 --> 0:16:03.680 those teeth are going to be worth money right in 0:16:03.720 --> 0:16:05.680 the long term, as long as you don't get busted 0:16:05.680 --> 0:16:08.520 and sent to jailing, you know. Yeah, so true. So hobbies, 0:16:08.560 --> 0:16:11.320 they may not always make you money. Oftentimes they probably won't, 0:16:11.640 --> 0:16:14.760 but at the very least hobbies could save you money. 0:16:14.920 --> 0:16:17.880 I'm thinking about doing things like gardening, even working in 0:16:17.920 --> 0:16:20.280 the yard, a lot of folks that sounds not like 0:16:20.320 --> 0:16:23.200 a hobby. It just sounds like yard work. But personally, 0:16:23.320 --> 0:16:25.880 I really enjoy working in the yard, whether you know, 0:16:25.920 --> 0:16:29.920 comes to landscaping or literally cutting the grass weed eating. 0:16:30.160 --> 0:16:31.960 I just love that feeling of accomplishment that I have 0:16:32.040 --> 0:16:33.600 when when it's all done and it just looks so 0:16:33.640 --> 0:16:35.680 fresh and nice, and I know that I've done that myself. 0:16:35.720 --> 0:16:37.800 But that's a way that I can save money by 0:16:37.880 --> 0:16:41.000 not having those expenses. You're welcome to bring your passion 0:16:41.000 --> 0:16:42.920 for that hobby to my front yard anytime. See that's 0:16:42.920 --> 0:16:45.120 the problem, though, you own that yard, and therefore I 0:16:45.120 --> 0:16:46.600 don't want to care as much what your yard looks 0:16:46.640 --> 0:16:50.960 may but from my yard, I like it looking nice. Understandable. 0:16:52.200 --> 0:16:53.960 But also I'm thinking of two you and I. We 0:16:54.040 --> 0:16:57.000 both bike, and what if we really got into bike maintenance. 0:16:57.000 --> 0:16:58.440 There's a lot of guys that find a lot of 0:16:58.480 --> 0:17:01.880 fulfillments in that I personally don't as much. I will 0:17:01.960 --> 0:17:04.760 maintain my bike and I'll work on it, maybe only 0:17:04.880 --> 0:17:08.159 to save money, but it's not something that I like doing. Right. 0:17:08.160 --> 0:17:09.959 I don't take my bike, I don't put it up 0:17:09.960 --> 0:17:11.960 on those bikes stand and start cleaning it. And tweaking 0:17:12.000 --> 0:17:13.879 it and you know, tightening things up that need to 0:17:13.880 --> 0:17:16.280 be tightened up. Although I should. Yeah, that's something I 0:17:16.280 --> 0:17:18.399 would like to get into, yes, because I feel like 0:17:18.560 --> 0:17:20.920 I'm not terribly good with my hands. But it's something 0:17:20.920 --> 0:17:22.880 that's not terribly complex. I feel like I could figure 0:17:22.880 --> 0:17:24.960 it out pretty quickly and start to learn the ropes, 0:17:25.000 --> 0:17:26.639 and so it is something that's on my radar. Like, 0:17:26.680 --> 0:17:28.560 that's a good hobby maybe for me in the future 0:17:28.680 --> 0:17:30.760