Skills That Enrich Us The Importance of Having a Hobby January is National Hobby and body to keep you feeling excited about life and ready to take on new challenges and adventures.
Month, and since it falls at the beginning of the year, it’s the perfect time to try something new! Hobbies add variety to your life and ensure you aren’t just living to
HOBBIES OFFER A SOCIAL OUTLET.
Some hobbies involve group activities, such as bowling, sports teams, book clubs, and even wine tasting. Connecting with others offers the social support humans depend on to lead a healthy and fruitful life. Who knows? Maybe you’ll find some great friends who share the same passions as you!
work, so to speak. The best way to find a hobby you enjoy is to be open to new things. Whether it’s gardening, reading, drawing, running, fishing, crafting, or even beekeeping, finding an activity you enjoy is important. Here’s why!
HOBBIES ARE STRESS RELIEVERS.
HOBBIES DEVELOP PATIENCE.
Hobbies offer a healthy escape from your busy lifestyle by keeping you engaged in something you find pleasure in. Instead of just relaxing on the couch and turning off your mind for a bit (which is totally acceptable sometimes), hobbies allow you to remain mentally productive while winding down at the same time.
When you take on a new hobby, you are tasked with learning something new. Whether you’re practicing a new instrument, learning a different language, or figuring out how to make jewelry, a learning curve is involved. Building new skills takes patience, a very important attribute for success. Finding a hobby that suits you may take some exploration and trial and error, but it is all in good fun! Make it your goal to try something new or learn a new skill each month until you find something that sticks. Once you do, you’re sure to find that hobbies are both enjoyable and enriching!
HOBBIES ALSO PROVIDE EUSTRESS.
Believe it or not, one type of stress is deemed beneficial: eustress. If you aren’t overly stressed and are feeling a little under-stimulated, a hobby can provide activity for both your mind
F a c t o r C r y p t o c u r r e n c y
Traditional estate planning covers myriad assets, including real estate, investments, trusts, and traditional retirement savings plans. As the world has grown increasingly digital, there’s now another asset we may need to consider: cryptocurrency.
via the owner’s access code. This gives complete control to the person who has said code. (It’s worth noting that “mining” or stealing cryptocurrency is possible and is regularly done in countries where doing so is not illegal.) This means that if you pass away without leaving information on how to access your cryptocurrency, that investment will be lost into the ether. No one can unlock it. Just consider the story of Matthew Mellon, who died in 2018 with $500 million worth of cryptocurrency, and no one can access it because Mellon didn’t leave any instructions. Through estate planning, your attorney can help you securely outline for your beneficiary how to access your cryptocurrency. Remember, cryptocurrency is considered an asset by the IRS, so whomever you leave this asset to will receive a “step up” in basis to nullify the capital gain appreciation. Cryptocurrency is not like regular investing. It’s not as regulated, and there are not as many safety nets. Yet, like any asset, it needs protecting to ensure your investment is utilized by future generations. If you have questions about protecting your crypto investments, please contact our team today.
Not everyone holds cryptocurrency, but it is becoming increasingly popular. Celebrities like Kim Kardashian West and athletes like Tom Brady are boasting about their investments in cryptocurrency, and a Florida Today article found that 46 million Americans own Bitcoin, one of the most well-known crypto options available.
The concept is like arcade tokens or casino chips, Nerd Wallet explains. Cryptocurrency is a form of digital currency that can be exchanged for goods and services from the company that hosts the currency. And as more people consider the value of investing in such digital avenues, estate planning experts are cautioning those who wish to protect their assets to consider their crypto investments, too. U.S. New and World Report explained that cryptocurrency is housed or stored in a “digital wallet” of sorts that’s only accessible 2 floridaestateplanning.com
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