Hope for your financial life and beyond

How to Turn a Hobby Into a Career

Ever want to turn a hobby into a career? Maria Cannon at HobbyJr.org did just that with her love of quilting. Now she is trying to help others do the same. In today’s guest post she shares some practical tips that can help you get started.

Many people these days are looking for a new career. There are many ways that can be accomplished without going back to school. One such way is to use an existing hobby to make money.

It’s a valid path to pursue, especially for those who feel like they’ve hit a lull within their jobs and want to try something different. Starting your own business is a wonderful option when you’re ready to branch out. However, it’s not without its challenges. Done poorly it could blow up in your face and leave you worse off than you are right now.

So, the question is, “Where do you start?” If you already have a hobby that could be a potential moneymaker such as sewing, baking, or making jewelry, you’re already halfway there. If not, you’ll need to think of ways you can earn money while doing something you love.

Here are a few tips on how to get started.

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Is Investing in Collectibles Like Valuable Baseball Cards Worth It?

Like so many young boys my love affair with baseball cards began in Little League. Each week our coach would give us 50 cents or $1 to spend at the concession stand after the game. On weeks where we won and received a $1, I’d get a pack of cards and a cream soda, secretly hoping some of those might turn into a valuable baseball cards.

valuable baseball cardsIn those early days I didn’t have a lot of money so the collection grew slowly. I amassed only several hundred cards and kept them rubber-banded together in a shoebox. I shuffled through them a lot so the surfaces became dull and the edges worn.

Then in 1986, I scrounged up enough money to buy my very first complete set of Topps baseball cards. I also bought plastic card pages in which to insert each card and a three ring binder to hold all the pages. So began a decade of collecting the full sets and the update sets each year. By the time I ended college, I had amassed over 15,000 baseball cards.

Then guess what happened…

Marriage…grad school…buying a home…kids…career…more kids. Through all that the baseball cards I had enjoyed collecting spent years boxed up in the back of the closet rarely seeing the light of day.

My love affair with collecting baseball cards resurfaced about 10 years later in my early 30s. This time around though I wasn’t attracted to purchasing individual packs or complete sets. I wanted to focus specifically on valuable baseball cards – which can only be found by collecting those that are professionally graded.

This was a change in strategy and required me to understand what I was getting into and why I was doing it.

How Do You Define Investing in Collectibles?

The above question is tricky to answer in part because it depends on your definition of “collecting” and “investing.”

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