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anc
Member since Nov 2012
12520 posts

I've decided that after years of saying "I have no hobby," I actually do
My hobby is compound interest.

My wife and I had dinner with friends that we haven't seen in a couple years this weekend. They drove up in a fairly new loaded truck, he got out wearing Costa sunglasses.

During the dinner conversation, he was telling me about his hunting camp that he joined, that he just bought a new ATV after buying a new golf cart a few months before; "I regret not buiding a 3 car garage" in the new house he built just a couple years ago (the third house he had lived in in two years). His wife was bitching because her Acura lease was about to end, and she wanted a Lexus SUV because of her two kids in private school and her husband said it was too much.

I got to thinking how much money was being spent on toys and stuff in the name of hobbies. I have several friends that do the hunting camp thing, and I had no idea it was so expensive.



SLafourche07
New Orleans Pelicans Fan
Member since Feb 2008
6479 posts
 Online 

re: I've decided that after years of saying "I have no hobby," I actually do
Dude, I love going compound interest on the weekends!


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90
HailToTheChiz
Auburn Fan
Back in Auburn
Member since Aug 2010
32770 posts

re: I've decided that after years of saying "I have no hobby," I actually do
What you just described was not a hobby but a lifestyle


anc
Member since Nov 2012
12520 posts

re: I've decided that after years of saying "I have no hobby," I actually do
quote:

What you just described was not a hobby but a lifestyle



I know that, but talk to people that do this kind of stuff - they call it a hobby.

"I like to hunt." - Hobby.
"I need new guns/bows."
"I'm joining a hunting club."
"I need an ATV to fit in with the other guys."
"I need a better truck to haul the ATV."
"I need to take a moose expedition to Canada."

Thousands of dollars being justified by a hobby.



SouthOfSouth
LSU Fan
Baton Rouge
Member since Jun 2008
43202 posts
 Online 

re: I've decided that after years of saying "I have no hobby," I actually do
There are a lot of hobbies that don't cost thousands of dollars...


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Delacroix
LSU Fan
Member since Oct 2008
3881 posts

re: I've decided that after years of saying "I have no hobby," I actually do
If he can afford to do it and it makes him happy then what's the issue?

Obviously if he inst contributing to his retirement or is in a ton of debt for this hobby, then it is concerning.


dagrippa
LSU Fan
Saigon
Member since Nov 2004
8645 posts
 Online 

re: I've decided that after years of saying "I have no hobby," I actually do
My wife is a workaholic and we never go on vacation. She grew up mega poor so she's constantly finding things on the side of the road and fixing them/selling or giving them to tenants. It's good to save/invest but it's also good to live. Her day off is Monday and she entertains herself by cleaning or building something.

A guy at my office never goes out to eat or to a movie. We are talking years. He's constantly calling his financial adviser from work and has no interests that I know of other than watching sports on TV.

Another person I know is a member of two golf clubs, has a sports car, and a new SUV. Yet is constantly scraping for money living paycheck to paycheck. I know because he owes me money.

Again, many ways to live a life. Somewhere in the middle is good IMO.


GFunk
LSU Fan
Denham Springs
Member since Feb 2011
14275 posts

re: I've decided that after years of saying "I have no hobby," I actually do
I spend about $1,500/year on Mardi Gras dues and beads, dress for my wife for our Ball and Hotel Stay for the weekend. Most of its paid up well before Mardi Gras. I figure a little more than $100/month for a fun weekend where the wife gets to gussy up in formalwear and I get to get drunk and throw beads is fine as far as hobbies go.


anc
Member since Nov 2012
12520 posts

re: I've decided that after years of saying "I have no hobby," I actually do
quote:

If he can afford to do it and it makes him happy then what's the issue?

Obviously if he inst contributing to his retirement or is in a ton of debt for this hobby, then it is concerning.


Its his money and he can do what he wants to do. I was just commenting on justifying expensive hobbies in lieu of savings/retirement. This guy wouldn't know what a mutual fund was if it bit him on the ass.


anc
Member since Nov 2012
12520 posts

re: I've decided that after years of saying "I have no hobby," I actually do
quote:

A guy at my office never goes out to eat or to a movie. We are talking years. He's constantly calling his financial adviser from work and has no interests that I know of other than watching sports on TV.


This is me.

quote:

Again, many ways to live a life. Somewhere in the middle is good IMO.



I believe in relative frugality.

Frugal to some means ramen noodles and beans and clipping coupons. Frugal to me means buying high end steaks from the butcher and cooking them myself for a fourth of what it costs at a restaurant.

Frugal to some means driving a beater that barely gets you to work. I drive a 2007 Volvo sedan that gets 32 MPG and has 70k miles on it. I'll drive it until it has 200k.



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Salmon
USA Fan
On the trails
Member since Feb 2008
68072 posts
 Online 

re: I've decided that after years of saying "I have no hobby," I actually do
this is just another issues of balance

your friend seems to be enjoying his life and using his money now, while he can enjoy it

some people hoard all of their money their entire lives for a later day and then never get to enjoy it

its all about balance


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30
hungryone
LSU Fan
river parishes
Member since Sep 2010
9992 posts

re: I've decided that after years of saying "I have no hobby," I actually do
So conspicuous consumption is their lifestyle...what's it to you? They like to spend money, and they obviously like to talk about the things they buy. If you don't like their lifestyle & conversation, then why hang out with them?

Hobbies do not equal ridiculous spending--I equate hobbies with manual or craft activities, like painting or woodworking or baking or crochet/knitting. The most accomplished hobbyists I know are not conspicuous consumers: they're people who devote hours to a craft.


makersmark1
Auburn Fan
earth
Member since Oct 2011
7580 posts

re: I've decided that after years of saying "I have no hobby," I actually do
I've got a friend that is a full member of 2 elite country clubs. He has played 12 holes of golf this year- and that was at Torrey Pines.

I play almost daily and spend less than 100 a month on golf.

I guess it is nice to "belong" to the "right" club, but if you don't ever play it seems kind of odd to me.


anc
Member since Nov 2012
12520 posts

re: I've decided that after years of saying "I have no hobby," I actually do
quote:

Hobbies do not equal ridiculous spending--I equate hobbies with manual or craft activities, like painting or woodworking or baking or crochet/knitting. The most accomplished hobbyists I know are not conspicuous consumers: they're people who devote hours to a craft.


But this is not what's happening. This guy is not trying to keep up with the Jones'- he's trying to be the Jones.

And it means nothing to me. I just don't have any hobbies like that. I like to read, watch college sports, and read some more. Every friend I have seems to have a hobby that includes expensive toys. I'd rather watch money grow, thats all.



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21
hungryone
LSU Fan
river parishes
Member since Sep 2010
9992 posts

re: I've decided that after years of saying "I have no hobby," I actually do
quote:

I drive a 2007 Volvo sedan that gets 32 MPG and has 70k miles on it. I'll drive it until it has 200k.

Just sold my beater 2004 Volvo for $2500; decided that the Chinese ownership isn't going to deliver the same quality (and the brand has discontinued making smaller cars) so I jumped ship to VW, my new TDI gets 55 hwy, 44 city.

But back to the original topic: you have no idea if this family inherited money, or was gifted with a house when they got married, or have a trust fund from grammaw or oil wells out in the piney woods. Don't judge their total circumstances on the parts they display to you: you say he wouldn't know a mutual fund, but maybe he doesn't need to know about them. A surprising number of people have steady royalty income from mineral rights, leased timber property, etc.


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11
kennypowers816
LSU Fan
New Orleans
Member since Jan 2010
2431 posts

re: I've decided that after years of saying "I have no hobby," I actually do
quote:

I play almost daily and spend less than 100 a month on golf.


How?


Lawyers_Guns_Money
Member since Apr 2015
250 posts

re: I've decided that after years of saying "I have no hobby," I actually do
I don't see what the issue is here. If the guy can afford it, who cares what he spends his money on? If he is in debt or doesn't make enough money to support his lifestyle, then that is one thing.

I am traveling every weekend in May (Atlanta to see college buddies, backpacking in NC, Wine Tasting in Napa, and Memorial Day lake house in Tennessee). I'm also spending thousands of dollars on all of this, but I still save over 20% of my paycheck and have the money to do so.

Don't see what the issue is with spending money on things you care about and enjoy as long as you have a financial system in place to afford it.


hungryone
LSU Fan
river parishes
Member since Sep 2010
9992 posts

re: I've decided that after years of saying "I have no hobby," I actually do
I get the sense that it wasn't so much the money, but rather a semi-vulgar way of talking about spending money that seems to have offended the OP. Some were raised that discussing money/salary/how much things cost are not topics for polite conversation.

Alas, I am beginning to despair that no one teaches kids about making polite conversation any more.


Salmon
USA Fan
On the trails
Member since Feb 2008
68072 posts
 Online 

re: I've decided that after years of saying "I have no hobby," I actually do
quote:

but rather a semi-vulgar way of talking about spending money that seems to have offended the OP


telling him that he joined a deer lease and what type of car they were looking at getting next just seems like normal conversation to me...



hungryone
LSU Fan
river parishes
Member since Sep 2010
9992 posts

re: I've decided that after years of saying "I have no hobby," I actually do
quote:

telling him that he joined a deer lease and what type of car they were looking at getting next just seems like normal conversation to me...

But that's not what happened:
"His wife was bitching because her Acura lease was about to end, and she wanted a Lexus SUV because of her two kids in private school and her husband said it was too much."
That's not saying "hey, have you seen the new Lexus, what a cool car because of X/Y/Z. I'd love to buy it, but the time is not right"....that's a couple engaged in a fairly detailed interaction about money in front of other people. Tres gauche, n-est-ce-pas?



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