Thursday, February 19, 2009

I think I need to take a break from personal finance stuff for a while. I just had a three hour state-of-the-union meeting with my team, and things are looking bad. My boss actually doesn't understand why any of us more than five years away from retirement would stay in the publishing business.

That's seriously depressing.

I'm already afraid of losing my job (worst-performing imprint in a company more than $20 million in the whole already for '09) and now I feel like my entire career choice is being pissed away by greedy bottom-line foreign conglomerates. My rent is more than half my salary, I can't afford to actually buy books since I work in publishing, and the Dow just hit a six year low because the entire economy's going to shit. I've got almost $20,000 in student loans for a degree specific to an industry no one thinks will exist in five years, and I'm tired of turkey sandwiches and tupperware. I've bit my nails off again and I'm terrified of being robbed and I am just so damn tired of all the doom and gloom I could scream.

So I'm checking out for a while. I'm going to eat out tonight and to hell with any kind of budget challenge. I'd like a manicure but I don't think I can do it without feeling guilty so maybe I'll order a banana split just for me and try to forget about anything else but the taste of chocolate ice cream just for three freaking minutes.


  1. Just worry about the things you can control, and don't waste your energy worrying about the things you can't. Might be a good time to use your blog for brainstorming, running bizarre ideas past a more diverse crowd than your real-world acquaintanceship, or venting your anxiety when there's no one appropriate to unload on.

    I live between the 6th Avenue publishing houses and the 40-story Hearst behemoth...I haven't seen all but two of my clients from your industry in over 4 months. So I know, it's bad :(

  2. I work in textbook publishing...I know it's not the same, but this branch of the industry seems more solid. My parent company owns the imprint named after the cute funny walking antartic animals, and they seem to be performing very well too...maybe just look around at a bigger, less easily toppled company? I know the prospect of job hunting sucks but some places are still hiring.

  3. Sorry, darlin'. You've just put voice to most of my mental ravings today, albeit detailed a wee bit differently.

    Our industry is sucking gas pipes right now, and there's not a damned thing we can do about it. Got you in my list of "thinking of..."

    As I told Well-Heeled: if and when it happens, we'll have a pity party together: vent, freak out, eat, whatever. I extend the same invitation to you, though we're on different coasts. (We'll figure out the details later.)

  4. I? Hear you! Maybe this is a time to consider a slightly different career path? Instead of the traditional publishing, how bout social media? Or work for a self-publishing company? I've read that they are doing well.

  5. I agree with the sentiment of the above comments.

    Don't give up or feel pigeonholed being in one specific industry. You can definitely branch off into other areas, and maybe now's the time to start looking into where you want to take your career instead of feeling like everything is crashing down around you.

    People who are in that industry will know a hell of a lot more than you, but I think there are some really good suggestions in the above comments.

    Props to not succumbing to the credit card retail therapy splurge. I know it was hard....

  6. Or, you don't even have to branch off into something similar.

    What skills have you developed while being in this industry? Project management? .. whatever it is, you can use those skills in another job, in totally different industry if you wanted.

    People I know who started in IT or in Marketing, didn't go to school for those degrees. They started with Sociology or History for example.

    Sorry. I'll stop now :)

  7. I have no advice save for this - banana spilts were invented for reasons like this one. Take advantage. $20K in student loans may seem like a lot, but it is a pittance - do not fear - that amount will come down (my student loans started at $160 and are down to $89,932). Your industry will evolve to survive, and you will too because it seems like you are that sort of person.

  8. My only advice is to enjoy the banana split (above advice seems good though).

    I'll keep you in my thoughts and I hope things turn up for you. And they will, it is just a matter of how much time it will take.


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