3Sigma
Silver $$ Contributor
If you are the type of person to jump headfirst into a hobby and spend a ton of money in expensive stuff, this is not a good time. If you ease into things, buying slowly and deliberately, you carry less risk in the long term.
Also, scale your involvement with your means. I would love to spend 1000x more than I do, but those dollars I do spend are "sunk cost" in my mind. If I ever worry about 1) spending too much or 2) recouping money spent, I will quit as the enjoyment is gone.
Also, scale your involvement with your means. I would love to spend 1000x more than I do, but those dollars I do spend are "sunk cost" in my mind. If I ever worry about 1) spending too much or 2) recouping money spent, I will quit as the enjoyment is gone.