Most of us have embraced one hobby or another at some point in our lives. Whether it be fishing, yoga, knitting, gardening, or working on a house. Our hobbies become an extension of who we are. We build a relationship with our hobbies. Friends may even tease “he spends more time with his fishing rods than with his friends.”
Whatever your passion may be, there was a point in your life that you knew nothing about it. Fishing is a great example, because even if you learned at a very young age, someone taught you and you continue learning. To become a master at fishing, you build a relationship with your new found hobby. Of course, you don’t think about it as building a relationship; you’re just doing it because it’s fun. You enjoy it.
But think about the things you do as you learn a new hobby:
- Talk to others about how and where to fish,
- Go to sporting goods stores to learn about equipment,
- Ask for help from someone more experienced,
- Read books, magazines and blogs about fishing,
- Watch fishing shows,
- Take a class,
- Spend money on the right gear,
- Invite your friends to fish with you,
- Set aside a lot of free time to enjoy fishing.
As you learn more about your sport, you become more confident, you enjoy it more, and you then become a mentor to others. For those that become the most passionate about fishing, it inspires them in other areas of their lives: they finish their chores during the week so they have time to fish on the weekend; they rearrange their spending so they can buy more equipment; they earn more money or more vacation time so they can fish in far off destinations; they focus their life around their passion.
Now, what if you managed your money as if it was the hobby you’re most passionate about? It’s a bit of a stretch, but stay with me.
- Who can you talk to about money?
- Who can you learn from?
- What can you read or watch to get learn about managing your money?
- What if you took a course?
- What equipment do you need to buy to manage your money better?
- What if you got together with a group of friends to talk about money?
You can have fun managing your finances, it’s all a matter of how you go about it. You can sit alone in front of the computer, hating the fact that managing your money is a part of life, and wonder why your numbers aren’t doing what you want them to. Or you can learn more, get the tools you need, grab a bottle of wine, sit down with a friend and talk about what’s working, what isn’t and get some ideas about how to make your numbers better.
- Stacey Powell
Finance Gym offers personal finance coaching in professionally facilitated peer-advisory groups.
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