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Financing This Fascinating Hobby Of Ours?

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Valued Member
coinblogger's Avatar
United States
88 Posts
 Posted 09/17/2008  1:27 pm  Show Profile   Bookmark this reply Add coinblogger to your friends list Get a Link to this Reply
That is too funny Jays-Dad.
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jbuck's Avatar
United States
187446 Posts
 Posted 09/17/2008  1:58 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
If I do that with all of the bills, rounding them all up, there is a supply of "secret" money sitting in the account.
Good idea! FWIW, my mother-in-law uses this trick. A few years back, she managed to go for a while without an "emergency" to deplete it; she ended up using it to have the basement finished into a guest suite and additional living area.
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Metalman's Avatar
United States
7123 Posts
 Posted 09/17/2008  2:24 pm  Show Profile   Bookmark this reply Add Metalman to your friends list Get a Link to this Reply
well I used to use OT at work ,but they have ended all OT because of the economy .

now I use scrap metals , and a few sales of the things I have accumulated over the years coins and other things .

Im down to only 10 planes in my RC hanger ,but I still have more stuff than I can deal with .

I sell firewood , and do some floors still although not as many as I used to .

There is always money to be made some how !

I have not paid a bill in more than 25 years LOL not because they don't get paid I just don't do the task .

My check direct deposits to the wifes account and she takes care of the monthly spending , been this way for a long time because well I only have 10 planes left in my RC hanger thats what happens when I keep the money at my disposal.

it gets disposed of !



Valued Member
United States
80 Posts
 Posted 09/17/2008  10:38 pm  Show Profile   Bookmark this reply Add Michelle K to your friends list Get a Link to this Reply
Jays-Dad,
I'm the wife and a science/math teacher and my husband is a computer programmer. I can't hide anything; we are both good at Math.

Soooooo I have to hide my 'extra' in cash.

But, I have wondered how to get the hobby to pay for itself. After all, we are our hobby is collecting money.

Maybe someone that works with gold and silver could give us hints.?
Valued Member
JonS.7070's Avatar
United States
295 Posts
 Posted 09/18/2008  12:07 am  Show Profile   Bookmark this reply Add JonS.7070 to your friends list Get a Link to this Reply
I think a very dedeicated, slow, and methodical approach to always increasing the compounding powers of our collections will get me where I would like to be. I beleive education is absolutely key, and I am learning alot from everyone on this forum. Thank you!

On a side note to metalman I have a parkzone vapor that is an absolute riot to fly in my house. I am an indoor freeflight builder by heart!
New Member
India
2 Posts
 Posted 09/19/2008  4:37 pm  Show Profile   Bookmark this reply Add aamaswood to your friends list Get a Link to this Reply
Beg,Borrow,Steal,Hijack ? !
Bedrock of the Community
United States
20753 Posts
 Posted 09/19/2008  8:33 pm  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply

Quote:
Sometimes (oftentimes) I use this secret money for coins. The trick is to have a spouse that is REALLY bad at math and would NEVER check the account.

Best make sure she dosen't read this post.
Bedrock of the Community
United States
20753 Posts
 Posted 09/19/2008  8:39 pm  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply

Quote:

I mowed lawns as well. Great way to make some extra coin money!


You would be amazed at what that may end up being. My son graduated from college as a computer major and an art minor. He specialized in computer animation. During college for extra money he started mowing lawns, then trimming bushes, edging lawns, etc. Then fertilizing and monitoring gardens. After graduation he tried about a million different jobs, got married, moved to Tennessee. Started up a lanscaping buisness. Now owns a thriving company with about 10 employees, is busy 7 days a week. Makes more money than most of his friends from college including one that continued and got a Doctorate.
Unfortunately he does not care for coins at all.
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bmanofnbc's Avatar
United States
1424 Posts
 Posted 09/19/2008  8:46 pm  Show Profile   Bookmark this reply Add bmanofnbc to your friends list Get a Link to this Reply
I get $30 per week for lunch etc...and what ever I have left over goes towards my coin fund.

I also like to go metal detecting, any change that I find gets cleaned and cashed in, that also goes toward my coin budget. I also sold $900 worth of gold & silver jewelry earlier this year when I decided to buy my 1909-S VDB cent.

Then there is roll hunting, I search a box of cents every evening after work. I sell wheat cents for 3 cents each and boxes of copper cents for $37.50 plus shipping. Then there is the silver that I sell from roll hunting half dollars when I can get them. All proceeds go toward my coin fund.
Bedrock of the Community
United States
20753 Posts
 Posted 09/19/2008  8:48 pm  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
Oh back to the means of aquiring money to purchase coins. It's really simple. I rob banks. If there are to many banks being robbed, I just go rob those Brinks trucks.
In reality, I'm now retired and not liking it to much. Saved enough while working to be able to buy coins when I want. Even after many operations and chemo for cancer I've learned that it's time to just have fun and blow money on anything I want.
Takes something like Cancer to make some people realize that the thing to do is enjoy life while you can.
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Metalman's Avatar
United States
7123 Posts
 Posted 09/19/2008  8:55 pm  Show Profile   Bookmark this reply Add Metalman to your friends list Get a Link to this Reply
JonS

want to share some pictures ? post a thread in the General dicussions and I will join you with some pics of my planes !
Pillar of the Community
Australia
1040 Posts
 Posted 09/19/2008  9:01 pm  Show Profile   Bookmark this reply Add latman100 to your friends list Get a Link to this Reply
Too true just carl. I have lost a couple of friends in tragic circumstances in the last few years, both under 35, and it really changes your priorities. People say life is short, but it isn't, it is the longest thing you will ever do. It can feel short if you don't live your life the way it is meant to be. Waiting until tomorrow to start "living" may be too late. Live everyday as if tomorrow everyone and everything you love is gone.
New Member
venger's Avatar
United States
18 Posts
 Posted 10/17/2008  5:30 pm  Show Profile   Bookmark this reply Add venger to your friends list Get a Link to this Reply
I'm a serious collector,so I like to take a certain persentage out of my paycheck every month to set aside for coins
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1sikevo's Avatar
United States
1130 Posts
 Posted 10/17/2008  5:58 pm  Show Profile   Bookmark this reply Add 1sikevo to your friends list Get a Link to this Reply
I use the "TRIAD" method of spreading my assets.
1) Rare coins and precious metals
2) Cash/CDs/high-yield MMA
3) Stocks/mutual funds

So even though coin collecting is a hobby, I consider it an important part of my total investment picture.
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