Make Your H?$￡ies pay! Nope, that wasn't a typo! I just don't want you to guess the topic right away :
FinCocktail
A guide for youngsters to mix the perfect finance cocktail that tends to all their personal finance needs!
Howdy-doo finfam!
I hope you’re all doing well! There’s ONE thing that makes the wallets of today’s youth groan and that is…
drumroll please
HOBBIES!
If you have a satisfactory income, you save & invest diligently, you have insurance, and maintain an emergency fund, but still can't see an improvement in your wealth, then the problem is more often than not, the money you spend on your vices & hobbies. Before I help you fix your finances like a boss, tell me...
POLL : How much do you spend on hobbies in a month?
Market ka haal: The market has been see-sawing over the past week as the domestic stocks faced pressure as markets worried about US interest rates. However, our stocks bounced back with the RBI's smart move of maintaining the status quo on repo rates and policy stance calmed the waters. In other news, most global markets have been quite bearish falling prey to poor market sentiments, plummeting exports, and weak economic cues.
Gold prices in India just took a nosedive, hitting a seven-month low. And you know what that means, right in time for the festive season! o, with prices down, it looks like this festive season might just shine a bit brighter but a surge in demand might have a ripple effect globally.
SPOILER ALERT: Tips to beat market sentiment ahead!
What I was up to:?NOTHING new! Just stressing out about work, you know? The weeks leading up to Diwali always seem more hectic because people are going to take days off soon, so you gotta prep for it. And in the last three months of the year, we have to make sure we reach our goals for this year!
If you haven’t subscribed to our newsletters yet, now is the chance to get exclusive access to value-adding finance tips for free. WE NEVER SPAM!
Humara Gyaan:?2023 is a challenging time to live and an even more challenging time to be at the workplace. Competition is crazy, jobs are mostly stressful, and there are layoffs every now and then. It’s not easy to deal with all this, vices and hobbies keep a lot of us going and I understand that. But it need not necessarily drain your funds either. Hear me out and consider these three ideas:
Crafty Budgeting: One of the secrets to enjoying your hobbies without breaking the bank lies in meticulous budgeting. Learn to differentiate between essentials and indulgences within your hobby. Allocate a specific budget for supplies and activities. Mary Kondo the process and prioritize what truly sparks joy.
Monetize your hobby: Making money off your passion requires a strategic approach. Check if you can monetize your existing hobby once in a while or think about engaging in/switching to monetizable hobbies. One of my friends bartends privately once a month; another one is a tour guide over the weekend with a travel curation company, the options are simply endless! But remember, consistency and authenticity are key to building a revenue stream.
Diversify: Sometimes, the key to financial stability lies in diversification and hobbies are no exception! Explore how your primary hobby can branch into related areas. If you're a gamer who spends on in-game purchases, stream your gameplay on platforms like Twitch to monetize through ads, subscriptions, or sponsorships. Diversifying your passion can help you earn while expanding your skill set, making you more marketable within your hobby community.
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Make Your H?$￡ies pay!
Nope, that wasn't a typo! I just don't want you to guess the topic right away :P
OCT 13
?
领英推荐
?
Howdy-doo finfam!
I hope you’re all doing well! There’s ONE thing that makes the wallets of today’s youth groan and that is…
drumroll please
HOBBIES!
If you have a satisfactory income, you save & invest diligently, you have insurance, and maintain an emergency fund, but still can't see an improvement in your wealth, then the problem is more often than not, the money you spend on your vices & hobbies. Before I help you fix your finances like a boss, tell me...
POLLHow much do you spend on hobbies in a month?
Market ka haal: The market has been see-sawing over the past week as the domestic stocks faced pressure as markets worried about US interest rates. However, our stocks bounced back with the RBI's smart move of maintaining the status quo on repo rates and policy stance calmed the waters. In other news, most global markets have been quite bearish falling prey to poor market sentiments, plummeting exports, and weak economic cues.
Gold prices in India just took a nosedive, hitting a seven-month low. And you know what that means, right in time for the festive season! o, with prices down, it looks like this festive season might just shine a bit brighter but a surge in demand might have a ripple effect globally.
SPOILER ALERT: Tips to beat market sentiment ahead!
What I was up to:?NOTHING new! Just stressing out about work, you know? The weeks leading up to Diwali always seem more hectic because people are going to take days off soon, so you gotta prep for it. And in the last three months of the year, we have to make sure we reach our goals for this year!
If you haven’t subscribed to our newsletters yet, now is the chance to get exclusive access to value-adding finance tips for free. WE NEVER SPAM!
Humara Gyaan:?2023 is a challenging time to live and an even more challenging time to be at the workplace. Competition is crazy, jobs are mostly stressful, and there are layoffs every now and then. It’s not easy to deal with all this, vices and hobbies keep a lot of us going and I understand that. But it need not necessarily drain your funds either. Hear me out and consider these three ideas:
Crafty Budgeting: One of the secrets to enjoying your hobbies without breaking the bank lies in meticulous budgeting. Learn to differentiate between essentials and indulgences within your hobby. Allocate a specific budget for supplies and activities. Mary Kondo the process and prioritize what truly sparks joy.
Monetize your hobby: Making money off your passion requires a strategic approach. Check if you can monetize your existing hobby once in a while or think about engaging in/switching to monetizable hobbies. One of my friends bartends privately once a month; another one is a tour guide over the weekend with a travel curation company, the options are simply endless! But remember, consistency and authenticity are key to building a revenue stream.
Diversify: Sometimes, the key to financial stability lies in diversification and hobbies are no exception! Explore how your primary hobby can branch into related areas. If you're a gamer who spends on in-game purchases, stream your gameplay on platforms like Twitch to monetize through ads, subscriptions, or sponsorships. Diversifying your passion can help you earn while expanding your skill set, making you more marketable within your hobby community.
Like what you’re reading? Please share this with your friends and have them sign up too!
If life is a canvas, and your hobbies are the colors that bring it to life. Every pursuit has the power to create ripples of change. So, embrace your creativity for sure, but also nurture your skills and let them guide you toward financial fulfillment.