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Please Let Me Monetize My Hobbies

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Re: Please Let Me Monetize My Hobbies

#51

Post by DougN7 »

vitalurk wrote: post #47
mathgladiator wrote: post #38

Earlier quoted context omitted.

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.

In 20-30 years when Gen Z is the backbone of the working economy, what is it supposed to look like? Will there be doctors and lawyers? Specialist engineers and experts in various fields? Somebody needs to be working and learning now to have the experience and knowledge then. Not everyone in a generation can sit back and say “nope”, and those who don’t will be the new task masters/managers/CEOs. The vacuum will be filled by someone.

Re: Please Let Me Monetize My Hobbies

#52

Post by BenoitP »

samtho wrote: 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…

In my part of the world there's this saying: "it takes 10 000 pizzaiolos to make a football player"

I guess influencing is the new football.

Re: Please Let Me Monetize My Hobbies

#53

Post by mmvora »

swivelmaster wrote: post #19
mmvora wrote: 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!

I think you may have missed the point of the comment you’re replying to.

To be honest alot of my reply was directed at the first part of it, but to answer the second part....unfortunately I don't think you'll see that 'apathy' towards issues that the Gen X / Millenials were fighting for. If anything, my generation finds new ways to get hurt about things that actually make us stronger as working career driven individuals. People want remote work, but also benefits, but competitive pay, and the list goes on

Re: Please Let Me Monetize My Hobbies

#54

Post by yieldcrv »

reaperman wrote: post #44
yieldcrv wrote: post #29

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.

If the expense exceeds your business income, you may have a net loss for your business, which could potentially be used to offset other taxable income on your tax return.

as always it depends on the deduction and business and other things, but also the exception makes the rule. as in, once you find the exception, only do that.

Re: Please Let Me Monetize My Hobbies

#55

Post by samtho »

BenoitP wrote: post #52
samtho wrote: 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…

In my part of the world there's this saying: "it takes 10 000 pizzaiolos to make a football player" I guess influencing is the new football.

Similarly, you can group prior generations’ rockstar, movie star, and unicorn startup founder into this category of “rare and successful” people doing the hip thing.

Re: Please Let Me Monetize My Hobbies

#56

Post by tpoacher »

Define "monetize".

OP seems to imply that monetize equals "create an elaborate business plan that consumes your life.

But "monetize" could be as simple as adding a donate button to your website. As long as you don't have unreasonable expectations about living off a donate button, it costs you nothing to add one, most people don't think of doing it, and it may surprise you that many people often actually appreciate you giving them the opportunity to show their appreciation in a useful way.

Re: Please Let Me Monetize My Hobbies

#57

Post by swivelmaster »

mmvora wrote: post #53
swivelmaster wrote: post #19

Earlier quoted context omitted.

I think you may have missed the point of the comment you’re replying to.

To be honest alot of my reply was directed at the first part of it, but to answer the second part....unfortunately I don't think you'll see that 'apathy' towards issues that the Gen X / Millenials were fighting for. If anything, my generation finds new ways to get hurt about things that actually make us stronger as working career driven individuals. People want remote work, but also benefits, but competitive pay, and…

I'm sorry, are you saying that it's UNFORTUNATE that the younger generation won't be apathetic to workers' rights issues? Is that your actual position or did you just double-negative yourself by accident?
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