MONEY: Success for the next generation

http://www.pickthebrain.com/blog/intelligent-leisure-time-activity

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7. Find a good hobby – A hobby is a great way to develop skills and interact with other people. Some of them can even generate income. A hobby builds on itself. You start out knowing nothing and gradually build a repertoire of skills. Even if these skills aren’t particularly useful, the process helps you learn how to learn. Once you’ve developed one set of skills from scratch, the next set is even easier.

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Sounds like I have to update my mantra-like spiel that I give to the youth I come in contact with.

Success for your generation is: (1) ruthless financial discipline; (2) education for a white collar job; (3) a blue collar skill — never saw a poor plumber; and (4) one or more internet based businesses.

Have to figure out to integrate: (x) have a hobby that generates income.

Here’s my new one:

Success for your generation is: (1) ruthless financial discipline — no bad debt; (2) a life long interest in learning — an education — a degree — they can’t take it away from you; (3) a white collar job in order to save big bux; (4) a blue collar skill for hard times — never saw a poor plumber; (5) one or more internet based businesses — your store is always open; and (6) a free time hobby that generates income.

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