Finding new retirement hobbies using the flower ex…

Transcript

We've been working on identifying new retirement hobbies, and we've been using something called the flower exercise from the book. What color is your parachute? And we've essentially adapted the exercise, which was originally designed to help people find their next career. Um, and it's worked out pretty well. So we're on pedal seven, which is purpose, or you could call it passion, but the idea is what are you, what is your purpose or what greater mission do you hope to accomplish with your hobby? The way I'm doing it is I'm creating a purpose budget, just like I did a financial budget. And, um, I'm saying, well, 30% of my purpose budget will go to this hobby. 20% of go to that hobby. And, um, 50% of my purchase purpose budget isn't for purpose retirement. It's for the benefit of other people. So what I'm saying to myself is half of the energy I spend on hobbies is just for me, just for fun. Half of the energy that I spend on hobbies is for the benefit of other people. You could also say, um, you know, a third of the energy that I spend on my hobbies is a side hustle. So I'm earning money for myself. A third of the energy that I spend on my hobbies is, uh, where I'm doing something of material value for someone else. And 30%, that generates no material value at all. Or you could decide not to donate anything. Like it's, it's your jam. Some people just like to do charitable giving. Some people like to volunteer. Some people don't do anything at all and it's all cool because everybody's in different phases of their life. But, um, just decide like, what are the sort of attributes of passion or purpose for you? And, uh, and allocate, um, each of those attributes, a percentage, of the energy you're going to use on your hobbies. Good luck with your hobbies.