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Please Let Me Monetize My Hobbies

naveenarun.wordpress.com

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Re: Please Let Me Monetize My Hobbies

#41

Earlier quoted context omitted.

I believe they were just expressing their general frustrations with the hustle culture and how it’s geared towards everything in life.

For a supposedly intellectual and thoughtful community, there sure are a lot of commenters here missing the point and instead jumping to defend the idea of making money from hobbies.

[flagged]

Re: Please Let Me Monetize My Hobbies

#43
post #32

There's nothing whatsoever wrong with monetizing hobbies. What's wrong is when you change how you approach your hobbies to appeal to the people paying you money. Following a content upload schedule and unironically begging your audience to like, comment and subscribe to your content are prime examples of ways to come off as a phony.

Did you read the post?

[flagged]

Re: Please Let Me Monetize My Hobbies

#44

I monetize my hobbies for the tax deductions Just a tiny bit of revenue like 5 years after lets you take tax deductions for consumptive spending related to things you’re interested in More accurately it shields you from adverse outcomes in the future audit, since you can report whatever you want its more about winning an audit if you get picked Might as well form an LLC for every niche you spend money on, damn near e…

My understanding is that it’s only deductible against the relevant earnings. So if I can avoid paying taxes on $10 of YouTube earnings by claiming my gaming PC as an expense and getting a non-refundable $500 tax credit……I’ve still only saved $2 on my taxes by adjusting that $10 of earnings down to $0.

Re: Please Let Me Monetize My Hobbies

#45
post #32

There's nothing whatsoever wrong with monetizing hobbies. What's wrong is when you change how you approach your hobbies to appeal to the people paying you money. Following a content upload schedule and unironically begging your audience to like, comment and subscribe to your content are prime examples of ways to come off as a phony.

Did you read the post?

The post seems to be conflating the sheer act of making any money off the hobby with the bad things that come from it, and so I think bdw5204's comment makes sense.

Re: Please Let Me Monetize My Hobbies

#46
post #7

I heard from n Planet Money story that 1 in 4 gen-z-ers want to be an influencer because they want to receive free products or play videos games and get paid. Which is great but the thing they don’t realize is they would be running a business and everything, including the parts they think is the main focus of the business, becomes second to actually maintaining the business. Not trying to be disparaging to Gen-Z, tha…

> Not trying to be disparaging to Gen-Z, that’s just an example of a mental trap we fall into.

FWIW, I think of this concept and I hear the trope of wanting to start a restaurant or a bar without having any clue how hard and annoying that is, which seems to be an issue with humans, not "Gen-Z".

Re: Please Let Me Monetize My Hobbies

#47
post #10

Earlier quoted context omitted.

As a Gen Z I can vouch for this statement. There are so many times where I just look at what alot of my peers spend their time doing and I think I'm so out of place...Where is the work ethic?? the desire to improve. However I can also say that there are always some good apples in the midst of the bad ones and that we aren't all that bad!

Something that I have thought is that gen z may be just like every generation except we know way too much. The same trend of a few winners that worked hard, a few lucky, and then a sea of misery. I've found a few crazy hard working gen z, and im happy to be mentoring g one.

This comment is so close to “getting it”. Just for an instant. But you read it till the end and… nope.

Re: Please Let Me Monetize My Hobbies

#50
post #7

I heard from n Planet Money story that 1 in 4 gen-z-ers want to be an influencer because they want to receive free products or play videos games and get paid. Which is great but the thing they don’t realize is they would be running a business and everything, including the parts they think is the main focus of the business, becomes second to actually maintaining the business. Not trying to be disparaging to Gen-Z, tha…

Gen Z seems more anti-work than most generations, and I really hope that pushes them to be less apathetic than Gen X/Millenials with regards to worker's rights, reduced work weeks, universal healthcare, and possibly even UBI.

Where are you regularly interacting with people from Gen z?
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