The Sigma Pi Educational Foundation

Oh, and to wrap up the time frame for the whirlwind trip to Nashville, I was back in my townhouse in Tinton Falls by 10:15pm on Saturday night. No big unpacking and cleaning after the trip either since I only had a small carry-on bag with me for the entire trip. Quick and efficient!

Now that I’m back in New Jersey, though, I’m looking at my upcoming schedule and I didn’t realize how jam packed it was for the rest of this month. Actually, over the last few days I’ve been making plans as far ahead as November 2010. Not that I mind – I think it’s good to know your schedule well in advance (yes, even months in advance).

How are your schedules coming along? Does anyone else out there plan themselves weeks and months in advance or do most of you just wing it? I always wondered about how most people plan their days, weeks, and months. Hmmm… I bet there’s a study out there somewhere that I can download to read some research about the issue. Of course, I’m not sure if I have the time for that…

Before I finish up for the day, I’d be remiss if I didn’t mention that if anyone is looking for a great, extremely efficient nonprofit organization to donate any amount from $1 to $1,000 (or more) to, the Sigma Pi Educational Foundation is the right choice. I know many of my readers are financially savvy and know the tax planning benefits of making tax deductible donations to 501(c)3 nonprofit organizations, so consider the Sigma Pi Educational Foundation the next time you’re putting together your tax planning donations. And don’t worry, we have a variety of funds that you can donate to that benefit folks outside of Sigma Pi Fraternity, including a fund for disabled veterans that awards some great scholarships to even better people each year. Something to consider…

First, I thought that this was a weird question because it is the rare employee that brings their work home with them. Then I immediately thought that this might have been the CEO’s way of asking us about ourselves so he could ascertain what we were like outside of the office. I figured that this was too awkward of a question for him to ask in a personal sense so it must be directly related to the job. I remember my response, given in a typical brash, young, over-confident tone, “Nothing keeps me up at night. Once the day is over I drive the hour back home and either teach at the college, do work for my website company, spend time with friends, or enjoy some down time.”

Dope.

Here we are a year later and I find myself bringing more work home with me, engaging my company in their proposed plan to get us Blackberries (which I supported from the beginning) so that we can be connected on the road, and looking at a calendar that is overstuffed with events. I also find myself not pleased with the potential for upward mobility in my current position and coming to the realization that working for my current company will not help me achieve any of my financial goals in a respectable time frame. Finally, I find myself in a job market where it would be unwise to up and leave one’s current employment to look for a better deal; especially when you really enjoy the job that you currently perform (and I do enjoy my job and the work that I do). In some respects, it’s a paradoxical time to be someone young in their career.

To get back to the point, though, the question was an odd one. What really DOES keep you up at night? What things weigh on your mind so much that you actually miss sleep to ponder the issues? I thought about these questions and came up with an answer or two…

The biggest thing that keeps me up at night is my student loan debt. And frankly, if that’s the biggest thing that keeps me up at night, then I’m in good shape! It’s the sheer size of the loans that keeps me awake. At the end of last year I owed a little more than $110,000; by the end of this year I should owe a little bit more or a little bit less than $105,000. I’m making significant progress, but I need to make much more progress and much quicker progress if I’m ever going to be in a position to be financially free. Related to the student loan debt is my ability to secure a mortgage when I finally buy a house in a few years. My credit rating is through the roof (somewhere between a 750 and an 800), but who knows how long the tightening credit markets will impact the housing industry?

That’s really about it in terms of what keeps me up at night. Sometimes I wish I had more of an ability to slowdown and relax or travel, but I work in the time to do an adequate amount of that stuff. One thing that I am well aware of is that you can’t live above your means and there is nothing more financially disturbing than when people live a credit card lifestyle. You know, the people who need to borrower from one source of capital to pay another source of capital or those who use money from non-permanent sources to pay semi-permanent expenses (constantly asking parents for money to the rent or for groceries, for example). But those people generally get what they have coming to them – you can’t live through a market fluctuation like we’re currently seeing and not expect that you need to personally change your financial habits.

What keeps me up at night? Student loan debt. But I’m working my plan to pay it down and I’m making good progress… I’m hoping that I can kick the repayments into high gear in the next few months!