E10: Expensive hobbies
Episode Description:
In this episode, we explore the costs of being a hobbyist. “Expensive” is a relative term, but some hobbies are more costly than others. In this episode, we talk about 3 big ones: cars, sports and food. What impact do your hobbies have on your financial plan?
We discuss:
- The connection between hobbies and identity
- How to squeeze some cash flow out of a depreciating asset
- How to handle “sneaky” hobbies that impact multiple budget categories
- Ways to bring down the cost of being a foodie
In this episode we discuss
- Turo- a car sharing service
- Average Car Payment is $563 according to Lending Tree
- How to get the best deal on a used car
- NFL Fan Gear just got more expensive
- Average NFL ticket price, by team
- Facebook Marketplace has 1 Billion users
- Eat Better on a Budget
- Groupon
- New Guidance from IRS on expanded deduction for food and beverage
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Are you looking for a community of like-minded people who are just as passionate about personal development as you are? Then look no further than the Success Achievers Community. And guess what? It's free to join! Click here to connect with thousands of others around the world.
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