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Please Let Me Monetize My Hobbies

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21–30 of 57 posts

Re: Please Let Me Monetize My Hobbies

#21
post #10

Earlier quoted context omitted.

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.

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!

They wisely took a look at us millennials, who worked ourselves to the bone and all we got was bony fingers, and decided they didn't want any of that shit. Good for them, honestly.

Re: Please Let Me Monetize My Hobbies

#23
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…

They're just trying to take the well meaning but horrible advice of "do what you love and you'll never work a day in your life" (or some variation thereof) that they've been told their whole lives. Unfortunately that advice is, well, shit, as they'll discover after embarking on that journey.

For a comprehensive dissection of why that advice is shit, highly recommend "So Good They Can't Ignore You: Why Skills Trump Passion in the Quest for Work You Love", by Cal Newport.

His book titles got shorter over time.

Re: Please Let Me Monetize My Hobbies

#24
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…

They're just trying to take the well meaning but horrible advice of "do what you love and you'll never work a day in your life" (or some variation thereof) that they've been told their whole lives. Unfortunately that advice is, well, shit, as they'll discover after embarking on that journey.

> "do what you love and you'll never work a day in your life"

(Because you’ll be unemployed)

Re: Please Let Me Monetize My Hobbies

#25

What on earth? You're still free to enjoy your hobbies as you see fit. Just because someone out there makes a hustle out of it doesn't mean you have to.

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

Re: Please Let Me Monetize My Hobbies

#26
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…

They're just trying to take the well meaning but horrible advice of "do what you love and you'll never work a day in your life" (or some variation thereof) that they've been told their whole lives. Unfortunately that advice is, well, shit, as they'll discover after embarking on that journey.

[deleted]

Re: Please Let Me Monetize My Hobbies

#27

Earlier quoted context omitted.

They're just trying to take the well meaning but horrible advice of "do what you love and you'll never work a day in your life" (or some variation thereof) that they've been told their whole lives. Unfortunately that advice is, well, shit, as they'll discover after embarking on that journey.

> "do what you love and you'll never work a day in your life" (Because you’ll be unemployed)

[deleted]

Re: Please Let Me Monetize My Hobbies

#28

Earlier quoted context omitted.

They're just trying to take the well meaning but horrible advice of "do what you love and you'll never work a day in your life" (or some variation thereof) that they've been told their whole lives. Unfortunately that advice is, well, shit, as they'll discover after embarking on that journey.

> "do what you love and you'll never work a day in your life" (Because you’ll be unemployed)

[deleted]

Re: Please Let Me Monetize My Hobbies

#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 everything is tax deductible

Not tax advice, consider everything here apocryphal, YMMV

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