New Obby: Personal Finance & Investing
I’m starting another obby — learn about personal finance and investing. My personal finance up to this point has involved virtually no planning and I know much more about spending than investing. I’ve always assumed that I will get a job some day and a pension plan of some kind and that was that. But now, the situation has changed. As I became more conscious about designing the kind of life I want: a professional hobbyist doing short term projects for a living, I started to realize that there are certain types of securities that I can no longer count on. I think personal finance and investing will likely play a key role in this new lifestyle.
As a starting point, I’m going to read The Little Book that Beats the Market, another book recommended by Eric. I also organized an investment discussion dinner for the end of August to exchange ideas with other people. If you have any interest or experience in this area, I’d like to hear from you. The actual oobby will be to make a small investment by Nov. 1st. I have to get geared up so I know what to do when my obbies start to generate more income than I can spend. The danger is imminent.
finance replied:
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…Personal financial decisions may involve paying for education, financing durable goods such as real estate and cars, buying insurance, e.g. health and property insurance, investing and saving for retirement.
September 10, 2006 at 1:22 pm. Permalink.
Emerging Businesses « The Hobnob Hobbyist replied:
[...] The reason I haven’t written for a while is partly due to my busy schedule, but mostly because I’m not sure how much I want to say. Some of the things I’m starting right now involve collaborators and potential clients down the line. I’m not sure how I feel about blabbing on the Internet and leaving a permanent record. Here is one of the worst-case scenarios I picture: a client stumbles upon the blog, reads this post and exclaims “What? You mean to tell me that you have no clue about investing as of two month ago?” Or something horrid like that. It’s no fun writing with unease and too much self-censorship. So that’s why I haven’t been writing. I’m sure some experienced bloggers out there have thought about this and figured it all out. If you have any thoughts on this one, please do share. [...]
November 14, 2006 at 9:56 pm. Permalink.