While some of us enjoy experiencing many different things in life, finance blog The Simple Dollar points out that if you spend more time cultivating fewer hobbies, you're more likely to enjoy them — and save some money in the process.
Photo by Mararie.
By trimming some of the excess hobbies out of your life, you'll have much more time to invest and develop one or two skills. In fact, you can develop them to a point where the money spent per hour on that hobby is infinitesimal, and you probably have a skill cultivated enough to earn a living from it:
Many people are highly eclectic in their hobbies, but there's a huge cost associated with that. For starters, most hobbies you undertake have a startup cost and a maintenance cost. If you have ten hobbies, then there are ten startup costs and ten maintenance costs.
A much better approach is to dabble until you find a hobby or two that deeply resonates with you. Not only are you reducing your hobby costs, you're focusing in on a smaller set of hobbies and are likely to become more skilled at those hobbies.
Of course, certain hobbies are probably OK left in moderation. We aren't all going to be professional athletes, but exercise is still an important part of your health. Getting really good at one thing you do for pleasure, though, will yield greater enjoyment from that hobby. Time may be money, but the learning stages of a skill aren't nearly as enjoyable as when it feels like second nature to you, so it's worth the hours of investment. Hit the link to read more, and let us know in the comments whether you share this philosophy, or whether you're of the "experience many things" camp.
Outliers and Frugality [The Simple Dollar]