The reach of the internet
I think one of the best things about the web is the ability to reach an audience that is spread far apart geographically. So even though fans of a product may be pretty rare, you can reach all of them, and that makes the product viable, while also allowing those odd-ball consumers to buy exactly what they want.
The artist of Dinosaur Comics attributes a lot of his success to this factor. For those unfamiliar with the comic (I'm a big fan), the concept is that the comic uses the same exact visual layout, but different dialogue in each strip. The author posts a strip every weekday, and has more than 4 years of comics, which all manage to maintain originality and hilarity. However, it's a comic than many people find weird and different, and not at all what they're interested in.
Twenty five years ago, Dino Comics would probably have been a 'zine photocopied and distributed in local used book stores. The comic likely would not have been popular enough with mainstream readers to ever get syndicated in a newspaper. Thanks to the internet, those of us who do like this type of comic can easily access it, the author has access to as many fans as possible, and no one who dislikes it is forced to read it (by having it show up in their daily newspaper.)
As an avid consumer of words, I love the access the web gives me to other people who like to put their thoughts down in writing on their blogs. It assuages some of my yearning for a world where we would still write handwritten letters to each other - really putting some thought in before writing. E-mails are a great way to stay connected, but they are more like a quick phone call than a letter.
So, what has the web allowed you to do that would be unimaginable without the far-reaching tendrils of the internet? What would you like to use the web for more in the upcoming year?
I'd like to use the web more to connect with people this year. I was better at developing lasting relationships with people online when I was 14 and the internet was a place where I could share my (awful) poetry and art and be inspired by other people who were interested in those same things. I guess I was ahead of my time then, haha. But I would like to get involved in more communities of things that interest me, and learn from them. All I need is a little time to practice my hobbies in, once I've learned more about them online...
Merry Christmas!
Merry Christmas to my fellow savers and accountants!
Did you get everything you hoped for under your tree this Christmas? My sister and I had similar ideas - I made and dried homemade pasta as gifts, and my sister made chocolate truffles for all of us! We used almost the exact same type of containers to present our gifts in too!
I gave my mother a book on setting up her new vegetable garden, which will used largely by me as I'm supposed to be in charge of the vegetables. The book says we should plant in "early spring." Does anyone know what counts as early spring? In Georgia, the weather can be lovely and spring-like as early as February. Usually by the time busy season is over in April, the weather is getting almost uncomfortably warm already. Hopefully I can steal a few Sundays to get some planting in.
Tomorrow is my last day of holiday/PTO until April. (We don't get any holidays and are not allowed to take PTO during busy season - except for illnesses and sick children, etc.) I'm dreading it a bit, but I think it'll be fun once busy season begins and I start getting into the swing of things.
Have you been planning out your New Year's resolutions yet, or are you waiting for the holiday daze to wear off first?
Photo by http://www.flickr.com/photos/carodeanroaddesigns/
Responsibility
I've always considered myself a fairly responsible person - not driving drunk, getting my work done on time, making sure that any animals I have are well cared for. But I'm only good at being responsible for myself - I am terrible at being responsible for other people.
I've had a huge fight in the past with fellow college students who got upset with me for not driving them home when they were drunk (they had to walk the mile back to their dorm.) I know of other people who happily shepherd their group of drunk friends to wherever they need to go, but I just can't be bothered to hang out with people who can't figure out how to get themselves home.
Responsiblity for other people
Mostly, it seems this is a problem around drunk people, but at what point do you think you are responsible for taking care of your drunk friends, and at what point do they need to start thinking responsibly before they get drunk? The worst-case scenario I've heard of is a group of friends I made when I studied abroad. The previous semester, they had been friends with another American exchange student. They went to a party one night with her, but when it was time to leave, she refused to go with them. They talked and tried to convince her, but short of picking her up and shoving her in their car, they didn't think there was much else they could do. So they left her at the party and she ended up getting raped that night. I don't think that she blamed her friends, but they carried around a lot of guilt for that night. For not going back to the party after an hour, and seeing if she would leave then for example.
How far does your responsibility for drunk humans extend? How well do you need to know someone before you find yourself their appointed guardian for making sure that they get home in one piece?
How do people learn?
I was lucky enough to have an hour-long drive last night at the same time that an American RadioWorks segment about teaching methods aired on NPR. The segment discussed how the traditional lecture-style classrooms don't really teach anyone much at all.
The students that *do* learn in this format are the ones who are motivated to learn, and would be able to learn it on their own from a book without the lectures anyway. One argument presented in the segment is that this model was fine when only an elite few would attend college and could take it or leave it. Now, many people go to college, and as a nation we *need* those people to come out well-educated - we can't put up with a system that only educates a few of the people who pass through it.
You can listen to the segment here (Link at the bottom of the page)
Or: Read an article summarizing the discussion here
My own opinion on that point is that today the government is paying for many of these people to go to college, and if we're going to invest money in them, we should make sure they come out educated.
The segment covers some interactive techniques that supposedly work better. The main issue is that the classes can't cover as much material in a semester. Even if students really come out knowing more than if they just learned 10% of the full curriculum, this is an issue for majors with rigid accreditation requirements, like Engineering.
Learning about how people learn makes me really want to be a professor, but then hearing about how difficult it was for any professors to implement these techniques in their classroom was disheartening.
Do you think that people who aren't interested in learning aren't going to get it no matter what? Or do you think alternative teaching techniques can result in better-educated students graduating from our universities. What about applying these techniques at the high school level?
The problem with training
The problem with going to Level 2 training all week (for staff beginning their second year) is that people still give you stuff to do. And the problem with starting your work day at 5:30 or 5:45, after training is over, is that just when you're getting something done, you realize it's already 8:30. Since I get up at 6, and would like to push that back to 5:45 or so, I've found I only end up getting enough sleep if I'm actually ready for bed at 9.
The other part that makes training week difficult to keep up with is having multiple social events related to the training (since we have people from our out of town offices in town for training.) Then you end up being out even later, and leaving more work to be done on the other days.
I guess my point is - this is going to be a busy Saturday for me. Guess it's busy season again already!
Back in town
I forgot how stressful auditing can be for me. There is so much that I don't know about, and so much that I can do wrong. The key, I think, is to ask questions. The issue for me is that I get the impression that my manager/senior doesn't expect me to have questions on something, so I think I can figure it out myself.
I realized over the last two weeks, that the reasons audits are so much more stressful for me than tax returns are because there is much less of a filter between myself and the client. If I'm working on a tax return, at least two people above me review it before it ever gets handed off to the client. On an audit, this isn't feasible. There is constant back-and-forth with the client, us sending questions and templates, etc. Not all of this can be reviewed.
But, I'm going to make an effort to ask my senior/manager to review as much of this stuff as I can from now on. Especially when doing something for the first time (for example, determining materiality and then selecting a sample), while my senior and I might assume this is simple enough for me to get right, I've realized that when doing something BRAND NEW, it is very difficult for me to check my own work. My brain doesn't know what mistakes to watch out for.
So, I'm making a little resolution for work - even if my boss/senior/manager doesn't ask me to give them something to review before sending it on to the client, I'm going to send it to them to review anyway.
Also, every time I do something, I need to think about what questions I can ask to help me better understand what I'm doing!
Other things about busy season to keep in mind going forward:
- Don't pack multiple pairs of shoes. No one notices if you wear the same shoes for 4 days, and the extra pairs take up a lot of space in my suitcase.
- Don't pack multiple jackets. I packed my typical cold weather jacket, plus one that is not as warm, but looks nicer. I wore the one that looks nicer to the client, and I didn't have any opportunity/time to wear the other one.
- Not going to have time to blog in the hotel in the evening - need to write blog posts the Sunday before!
Have you ever made mistakes at work that you realized later you could easily have avoided by simply asking someone? What tips do you have about making mistakes?
Plans for a debt-free life
Earlier this week, I announced my plan to pay down ALL of my student loan debt in the next year. My plan is to pay off $1,000 each month for 12 months, starting in December.
I had been on the fence about whether I should invest more, or pay off my student loans faster. My student loan debt has an interest rate of 6.5% - high enough that I can't be sure that stock market gains will be higher, but still low enough that buying stocks could eventually pay off a higher amount.
The other problem with paying off debt is losing the ability to use that money.
If I paid only $185 to my student loans each month (the minimum payment), I could save the rest of my $1,000 ($815) and use those savings in a few years as a down payment on a house. After 12 months, I would have saved over $9,000, and could easily put 3.5% down (FHA requirement) on a lower-cost home here. Having $10,000 in student loan debt wouldn't really hurt my chances of getting a mortgage, since it's considered a "good" debt, and because it's not high enough to really worry the bank. Check out this article from Thousandaire here for a really good explanation of why paying off student loans isn't automatically the best option.
I would keep paying $185/month for the next 9 years, but I'd have a house and being paying that off over time.
Paying off my loan now is for emotional reasons. If my loan is paid off by next year, then I feel like I can really *start* feeling financially savvy then. How can I say my finances are in good shape when I've still got this big debt hanging around? I also won't have to think about the loan when making decisions about how to allocate my money.
What I will do when I'm Debt-Free!
(This portion of the post is part of my entry to the $500 Enemy of Debt competition, sponsored by Life Insurance Finder the life insurance comparison experts. If I win the $500 prize, it will go straight to the student loan balance.)
- Start saving in earnest for a 20% down payment on a home. The savings will go much more quickly when there are no student loan payments eating away at my cash flow.
- Visit my high school friends on a regular basis (they're a $300 plane ticket away.)
- Plan out some international vacations over the next few years
- Move apartments! (Well, that may happen before I'm debt free . . .)
- Well, let's not get overboard here, since I will also need to focus on saving for retirement!
What will you do when you're debt free, or what did being debt-free allow you to do?
Time for the student loans to die
I hate to think about the fact that I amassed all of my student loan balance in one year, but have something like a 3-year plan to pay it off.
To be fair, thanks to the student loans, I could put some income into mutual funds at the very bottom of the recession, and I think this will pay off in the future. However, this has been a big part of why I haven't been paying my loans off faster now - I'm scared I'll miss out on big market gains if I don't keep up with my dollar-cost-averaging method as the economy continues to struggle.
But I've decided I'm tired of having this debt. I make payments of $525 each month towards my loan now. I put $300 into a Roth IRA and $200 into an individual investment account each month. (Plus about $330 into a 401(k) including my employer match.)
Starting in December, I am going to make a payment of $1,000/month to my student loans. They should be GONE by the end of November 2012. I have reduced my monthly retirement contributions to only $100/month to my Roth, and I am keeping the $330/month to the 401(k).
Essentially I'm lowering my investments by $400 and increasing my student loan payment by $475. So I'll have to find an extra $75/month for payments. I think this will help tighten up my budget and help motivate my not-spending, as well as motivate me to blog more, since it's a potential source of income.
For November: I accidentally made my usual extra payment for November last month. This month, I am making a $940 payment. On December 1st, my loan balance should be about $11,300. So if I pay off $1,000/month, I should make my next payment next November.
As for my "extra" cash each month that I've been saving up - what do you think I should do with it? I've saved about $970 since I started counting this in July, which brings my total cash balance/emergency fund to $2,440. Should I keep adding to this, or is this enough for now, and I should direct any "extra" to paying that much more of my student loan each moneht?
October in Review
I'm laughing at myself now when I see that I thought I could save an extra $4,500 in cash by the end of the year. That would have been about $750 each month, starting in July. It has been four months of saving now, and I am almost at $1,000 of extra savings! At the very least, this exercise has made me more aware of how much money I actually have that is not budgeted for.
Extra Cash Flow - $257
Total extra cash saved since July: $968
In October my "extra savings" increased by $257. At the end of September, I was out $300 in reimburseable expenses from work, so essentially I had a $300 extra inflow in October that should have been attributed to September.
However, to offset this extra inflow, I managed to accidentally pay my student loan off by an extra $340! The student loan system switched websites this month, and I tried to make my usual extra payment as soon as I could log in. However, the system kept giving me an error message on the last step. I gave up, and logged back in the next week to complete the payment. THEN two payments show up on my account a few days later. Luckily I had the extra cash, and I'm fine with paying extra, otherwise I'd have been pretty upset!





