I'm in the middle of making a big decision right now. Actually, it would probably be more accurate to say that I'm about an hour away from finalizing a decision I have already made, and am using this post to enlighten you fine people as well as to convince myself that I really want to make this decision. As my post title suggests, this is no everyday, ho-hum decision. No. This is a Big Boy Decision, and you know it is such because it involves a great deal of money as well as thinking more than few months or even years ahead (parts of this decision significantly affect events more than
40 years from now!). So, behold and enjoy the exposition, plot twist, and rising action complete with riveting solution and conclusion. (I've substitute taught for 3 English classes now, and I'm pretty sure I still bungled that last bit up terribly...)
Some months ago I was still living in Colorado, and thinking that I would continue living there through at least early spring. My dear cousin Erin called one day and proposed the grand adventure of backpacking
down into the Grand Canyon. SWEET! I was in. In fact, Colin and I began tentatively setting the the date of our departure from the winery to nicely coincide with the trip date at the end of March. All was well... and going to be
even weller!Then I moved back to Indiana. I had planned far enough ahead to know that even if it took me a while to find a job, I could still survive and pay the bills. I did
not however budget a plane ticket to Denver. (To those of you mentally pointing out that the Grand Canyon is in Arizona, not Colorado, yes I know, but Erin lives in Denver and she and her house-mate are my ride AND the whole reason I'm going.)
Relief! Mid-February (old news to those who have read previous posts) I started work as a substitute teacher. Money was (slowly) rolling in.
Plus if I could support myself with just subbing jobs, then I could take full advantage of the fact that I didn't have a set work schedule... and take a week off and go backpacking in the Grand Canyon!!! Cha-ching!
Blatant foreshadowing: After subbing for a week or so, I had been getting regular calls and was feeling good about the job. In between bouts of estimating finances I would have conversations with people: "Oh, so you're subbing now. How's that been going?" - "Great, I've been getting calls pretty much every day!" - [surprised] "Oh. Wow, that's pretty amazing. Cool." Was there something I was missing? Was I some
super-sub that I got calls every day? (Or was it the peak of flu season?)...
The finances looked good. I made it yet another full week with 4.5 days of work. I wasn't rich, but I estimated that I could swing the trip out West on top of the rent check. I was all set to buy the plane ticket. I started getting excited. And yet for some reason, I hesitated. Was this unrealistic? What if I stopped getting calls? I'd be up a crick! Wait another week... see what happens...
Half a day of work on Monday, a full day on Tuesday... and then nothing. For the last three days of last school week I received no communication from the school system (except my first paycheck). I started to panic. On my second "day off" I spend a good many hours designing a spreadsheet that would track the ebb and flow of my projected earning and spending, with added cells that let me "turn on" optional scenarios - going to the Grand Canyon for instance. Things still looked okay if I got a few calls each week... unless I turned on the Grand Canyon option. Then there would appear this discouraging little "dip" in my chart, which indicated a period of *wince*
negative money. And my understanding is that banks don't like negative money...
Friday gave me an extra day to mull over things. It also gave me another zero to add to my spreadsheet, thus diminishing my calculated probability of getting a call on any given future school day. I
really wanted to go on this trip.
On Saturday, I reluctantly started playing with the IRA contribution "option" on my spreadsheet. My mother has done a very good job of raising me to be fiscally-aware young man. The wisdom she has imparted on me (as well as some simple math done in Calc and economics classes) has made me understand that $1000 saved now is
very different from $1000 saved 10 years from now. So, as it happens, I've been holding onto $1000 in my bank account to throw into my IRA for the 2009 fiscal year. But I haven't done it yet. The reason for this is that while my intricate calculations told me that I could afford to move back to Goshen AND still save $1000 they also told me that I would most likely have to dip into that cash bag once or twice before April - little "self-loans," if you will. Anyway, this is getting lengthy and dull and is totally straying from the whole point of the story. Suffice it to say that the smaller I made the "IRA contribution" cell, the less formidable the dip in the chart looked.
At last, the pivotal question - the question that will challenge our hero to act responsibly and reasonably, though with the full knowledge that this decision will likely set a precedent for future such decisions. This is the Roe v. Wade of my LIFE! Let's hear it: Do I a) head out west in three weeks' time, seeking adventure and fun with friends, contributing little or nothing to my IRA for the current fiscal year, and putting myself in financial limbo in the near future? OR b) decide to stay at home, save most or all of my allotted IRA money (giving me an extra $25-30 Gs come retirement, even assuming a fairly low interest rate), have an extra week to potentially sub, remain assuredly debt-free, ... and watch my friends have an amazing adventure without me. And it's not like I know how many calls I'll be getting in the future. I might be getting tons starting tomorrow! Do you risk potential, minor, future hardship for immediate, assuredly-satisfying adventure? What would
you do?
My particular answer to this question began to form in my mind last night after I asked myself
this question: When I'm 65, which would I rather have: $25,000 or memories (and pictures and stories) of an amazing adventure had with friends
as well as the knowledge that I wasn't afraid to take risks? Wellllll... If $100 was an unfathomable amount of money when I was ten and $1000 was a huge sum to me on my 20th birthday... assuming a logarithmic relationship... Yep, pretty sure I won't really care about $25,000 in another 40 years. (I don't literally think this. What was that word from that English class? Hyperbole?...) But I do think that I will want to be able to look back and see that I took advantage of every great and small opportunity for adventure, for after all, life's too short. (Not to mention, if I do set a precedent for always opting for adventure I may not even
live to see the day when I would care about that extra $25,000 anyway!)
My decision was helped along by a very encouraging email from my cousin this morning, reminding me that part of what makes this opportunity so special is the great group of people who are embarking on this adventure together! And again I was encouraged at church today by a friend and Sunday school classmate, coming from a post-marriage/children viewpoint. This person empathized with my predicament and yet initially refrained from giving me direct advice. When asked, this person they would go for it; adventures just get more complicated the older you get. Jobs, spouses, kids... they can all make adventuring more difficult to coordinate. Good to get out while you're young and
can!
This afternoon I've been assuring myself of what I decided long ago and didn't have the courtesy to tell myself. I'll be flying to Denver in less than three weeks time and enjoying the heck out of myself. If I manage to come out of the whole deal still in the black, then more power to me. If not, then hey, I'll still survive. And I'll learn a very valuable lesson about what it feels like to screw up and be destitute (temporarily. Please understand that if this adventure required 100% credit card financing I would not even be considering it. It's merely a matter of living life on the
edge... of black and red)... so I'll be prepared when it comes time to bite the bullet for the next adventure.
So, the plan as it stands:
1) Hit "PUBLISH POST"
2) Purchase the cheapest available plane ticket from Chicago to Denver
3) See how things ride out and count my blessings either way