this post was submitted on 08 Jul 2023
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[–] [email protected] 64 points 1 year ago (7 children)

It's a tie between getting rid of my car and learning to stop "trading". Cars are just the worst in terms of finances, and you can save bank if you're able to move somewhere walkable. Only buy stocks you're happy to hold for five years or more. A good test is "if the price crashes, would I be excited to buy more?"

[–] [email protected] 27 points 1 year ago (3 children)

Coincidentally, having cars as a hobby has been the worst financial decision of my life lol.

[–] [email protected] 31 points 1 year ago (1 children)

Hobbies aren't supposed to be about whether they're a good financial consideration, they're about passion, self fulfillment and looking after yourself.

[–] [email protected] 13 points 1 year ago (1 children)

This is of course true, but sometimes what you're getting out of a hobby is not worth the resources you put in.

[–] SickIcarus 2 points 1 year ago

Then it’s a shit hobby, or the wrong time in your life for that particular hobby. Hobbies aren’t meant to be financially sound investments, and the best hobbies aren’t cheap.

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