Every one of us has had various hobbies growing up. Hobbies can be as simple as collecting stamps or collecting coins to adults who invest in antiques and expensive wine. While some childhood hobbies die a natural death, some hobbies grow and remain with us for decades. Many adults continue to pursue these hobbies into their adulthood and may spend hours assorting, alphabetizing, and making lists of their collections. With the advent of the internet many like-minded individuals discuss and exchange their collections on social media. While this may seem like a sheer waste of time that an adult could otherwise be spending doing something productive, it may come as a surprise to know that some of our childhood hobbies may have the ability to make us the millionaires that day to day jobs do not. In fact, some collectors are millionaires that work fulltime on their hobbies.
Coin Wine, gold and antique collections
A popular hobby among children is collecting unusual and foreign coins. These collected coins, safely packed in their boxes are often forgotten at the back of a cupboard until they are found many years and generations later. Collecting coins is an alternative investment, as opposed to putting money in stocks or fixed deposits. Chances are these coins collected many years ago may be out of production and may be worth some big money. Often, certain coins are made in very limited quantities and if you were lucky enough to have found one of these limited edition coins, they could even be worth millions.
As luxurious wine gets older, it not only becomes more delicious, it becomes more valuable. Another alternative investment, wine collecting has the potential to make you a lot of money if stored correctly.
A relatively expensive hobby, gold collecting has incredible potential to make you millions. Many individuals have the habit of purchasing gold “biscuits” whenever the global price of gold slightly drops. The value of gold is known to increase more than it drops and is a guaranteed investment.
Antiques collect in our homes without us having to put much effort into it. We are likely to have items belonging to our grandparents or great grandparents in our homes, stored away in the back of a cupboard that we know nothing about. Sadly, in today’s world of modern interior decor, many valuable pieces of furniture end up cast off by its owners. A serious antique collector however spends a lot of time visiting auctions where he is able to get the best bargains on old furniture that has been discarded by its previous owners. To a collector, every piece of antique furniture has a story to tell.