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Old 02-22-2012, 03:28 PM   #3
Bill Underwood
Senior Member
 
Join Date: May 2010
Location: Tennessee
Posts: 445
Default Re: What % to spend on your hobby

Formula:

1. Pay all your bills (no debt)
2. Tithe to your church
3. Save 10%
4. Be sure your wife has money (she probably has it all)

The rest, plus anything you might make on the side or from gains or sales in the hobby go back in.

If you can't do the above, find another hobby! No kidding. But who makes money at golf or tennis other than Tiger? It is a hobby or maybe a disease, or both!
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