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Tag: saving money

Hey Broke Weeaboo! 2

Hey “Broke” Weeaboo: Stack Money. Invest Money. Act Broke!

You’re no longer a broke weeaboo.  You finally got yourself a job. You’re  getting into the money (legally or illegally I’m not judging).  You made enough money off your paycheck or hustle to afford some cool things.  In fact, after you paid the bills, you have money left over.  You’ve been eyeing that Darkness Ford Lalatina figurine off eBay for a minute.  However, there’s also an out-of-state anime convention that you want to attend.  You want both, but your funds say you can only have one.  You want a new figurine to add to your collection, but going out of state for a larger convention sounds fun.

Let me ask you this:  Would you rather go to the anime convention in a major city that’s new to you. A convention where there’s a bunch of fine ass Darkness cosplayers, and one of them may actually like you.  In fact, she might want to hook up with you with you (while she’s in character in cosplay mind you).  Maybe that Darkness cosplayer is a famous internet personality. She likes you and what you’re doing with your vlogging. In fact, she wants to do a collab with you in the future.  That collab could bring more people over to your brand. In addition, there’s an exclusive Darkness figurine that’s only being sold at that convention.  You’ve saved up enough money to buy two: One for yourself and the other to flip on eBay for profit.

Or would you rather have that lifeless Darkness figurine that won’t bring you long-term value?

 

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Darkness (Konosuba)

 

Yeah, I thought so. This is why you need to stack your money up and act broke.  Act broke so you can invest in yourself.  When you invest in yourself and things that will bring you long-term value, you better yourself over time. It is wise to save your money and use the money to travel.  Travel so you can grow your blog, vlog, brand, whatever. It’s smart.   Money can help you grow your otaku network you know – but you have to stack and act broke first.

Let me show you how.

The rich stay rich by living like they’re poor.  The poor stay poor by acting like they’re rich.
-Anonymous

 

PART 1
Save to Invest

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Multimillionaire CEO and author Grant Cardone said it best: “Save to invest, don’t save to save.” What does this mean? It’s simple: Don’t save for a rainy day or just in case.  Save to invest in yourself; which you want to do.   You need to save your money so you can invest in that trip which will grow your brand (if you’re active in doing so of course). How does one go about to saving to invest?  Well, it’s not hard.  Let’s say you receive $1000 on each paycheck.  70% of that $1000 ($700) should go towards your trip.  The rest you will need for bills (because you need your electricity on and your CrunchyRoll active so you can watch your bottom tier action anime series like My Hero Academia).

Once you put that $700  a check aside in savings do not touch the money. If need be, put the money in a scared account (an bank account, separate from your main account, where you do not have easy access to and aren’t allow to take money out until a certain date – only in). Repeat this process until you hit your target savings/investment goal.    Investing in yourself is important because as stated earlier, it helps you grow. You can make moves you wouldn’t normally do if you just save money just to save.  Saving is cool and I recommend everyone save their money.

It’s what you do with the saved money is up to you.

PART 2
Discipline and Acting Broke

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When you’re making more money than usual (or have a lot of money put aside), you’re tempted to take the money out.  You see that you stacked up over your goal and might be tempted to take a few 100s out. You may be thinking “Oh, it’s only $300 out of the $10,000 I saved.  I can recover the money.”   But what if you need that $300 for something when you’re out of town at this convention or you need supplies for your recording gear (for YouTube or Podcasting)?  Then you’re fucked.  Let’s create a scenario. Your friend invites you to party at a club or a bar.  You have extra money stacked up.  You want to go; you have all that money you can spend freely.

Or do you?  Let’s break it down.

Cover charge: $5
Food (cuz you don’t wanna drink on an empty stomach): $10
Drinks: $30
Bribe the bouncer cuz your I.D. is expired: $20
Food (after drinking): $10
Tips: $10
Total: $85
You just wasted $85 that could have gone towards your investments because you wanted to have fun at a bar for a night.  If you really need to drink and chill with your friends, just kick it at his place, buy some cheap liquor and food and call it a day.  Don’t waste your money trying to have fun all the damn time. You’re saving money for a convention in which will have multiple free parties after the convention with gracious party hosts that will give their liquor away for 2-3 days.

Which would you rather want?

When taking money out of your savings or blowing extra money, you need to think critically.  Ask yourself things such as ‘Do I really need to spend $35 on a bottle of Hennessy tonight?’ or ‘Is it worth to spend $20 to go to the movies when I can watch movies at home or get the movie from the  bootleg man or on Firestick?*’

*(Disclaimer: This blog does not support piracy.)

This is where you have to act broke.  How does one act broke?  By having your money on your mind and your mind on your money.   You need to train yourself to actively think about your money everytime you go out and spend money.  When your friend asks you to go out somewhere that will cost you money, you need to be like “No, I can’t go out tonight”.   Be a cheapass for a while.  Instead of dining in or ordering fast food, you should learn how to cook.  Cooking your own food saves you money.   You can use the money you saved towards your investments.  You have a lot of money in your account, but that doesn’t means that you spend it all.

You have to suppress the urge to spend and take money from your savings account.  You need to think towards the future – not the present.  Forgo temporary pleasures that won’t bring you long-term value in favor of long-term pleasures.  Think about your money at all times and ask yourself if you need to spend it.

CONCLUSION

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Me every night with my stacks.

 

 

With money, you must be smart with it.  This means that you must not spend it on anime figurines, body pillows, and manga all the time.  Stack your money up, save it, and invest in yourself.  Convention season is coming near and you need to expand your network and otaku empire.  Stop blowing your money on partying and figurines all the time.  You have goals that need to be met for your growth.  Even when you make extra money or go over your limit, you shouldn’t dip into your savings and waste your money.  That extra money can help you out in the long run.

2018 is the year for us otaku to be smarter with our money – especially for us content creators.

 

RESOURCES:
Nino Brown Stack Money but Act Broke:
https://www.youtube.com/watch?v=Wa3HUMQ3vYY&t=179s

Nino Brown: Find the Balance Between Having Fun and Having Funds:
https://www.youtube.com/watch?v=1i58h9gj8Gc&t=96s

Grant Cardone How to Get Your Money Right:
https://www.youtube.com/watch?v=_DWSrntWKB8&t=155s

Grant Cardone: How to Save Your Money:
https://www.youtube.com/watch?v=YXEiJBdeTZI

 

Spoilers: No Darkness cosplayer will ever like you.

Conventions 1

Hey Broke Weeaboo! Let’s Get Your Money Right For Your Next Convention.

The 2018 convention season draws near. You’re always broke from spending $500 on half-naked anime girl figurines. You love to spend $300 on anime Blu-rays, but somehow, you don’t have enough money for a convention. Do you think your mommy and daddy are going help you pay for your weeaboo dress-up festival? Of course, they’re not! You’re a grown man (or woman) now.  Just like your friend whom you borrow money from for cons, they’re tired of funding your hobbies.  Maybe you’re not broke, but you suck at money management. You’re the type of person to not have their priority together and splurge your cash on useless crap.

 

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Bedroom of a man who disappoints his their parents.

 

Because I’m a nice person, I’ll teach you how to get your money right.  I’ll promise you that with my guide, you’ll  have more than enough money saved up for you next convention adventures. It’s my duty and ethical obligation to help my fellow nerds stack money for their passion.

 

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Your friends prasing  you for saving and stackin your money up oh wait you don’t have friends my bad.

 

My guide is not for you begging ass, broke ass nerds (who always mooch off their friends). This is not for people who refuse to make money on their own.  This guide is not for skeptics who believe saving money is impossible.  Go away.  You’re wasting my time and yours – but mostly my time. Do you tend to blow a check, or dip into savings for wants, rather than needs and raining days?  Good.  Get the hell off this guide – people like you will never learn.  My advice is only for those who are serious about saving and getting their money right.  I only help people who are willing to better themselves.

If you’re still here then that means you’re serious about wanting to save for conventions.  Let us begin.

HOTEL

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Obtaining a hotel room should be your utmost priority (next to buying a badge/pass).  There are two categories for convention hotels: The main hotel(s); where most of the action takes place, and the secondary Hotel(s); for those who want a cheaper option and/or avoid crowds.  The main hotel’s full price can range from $230-$1500 depending on the convention, location, hotel brand, days etc.    Secondary hotels range from $180-$1000.

Most conventions hotels will accept room bookings about eight (8) months in advance (before con starts).   Normally, the convention’s social media team will provide an update on when this will happen.   Once they give the dates for room bookings, you want to start stacking up immediately.

Let’s say that you want to book with the Waverly Hotel (the host hotel of Anime Weekend Atlanta [AWA]).  The hotel will allow room registration on October 3, 2017,* (the time of this writing) and the convention starts on September 20, 2018.  The total cost of staying at the Waverly for four days is $700. This gives you about 50 weeks (or about almost 12 months) to stack.  Ignoring assets and other forms of income, let’s say you get paid bi-weekly. You’re given 24 paychecks prior to saving if you’re working a regular 9-to-5.

Let’s do some math.

$700/24= $29.16. $29.16/2 bi-weekly paychecks = $14.58   $14.58 is how much you need to take out of your check a pay period. Put the $14.58 in a savings account (or any other accounts you do not have normal access to). If need be, consider opening a new bank account separate from your main one.  If you bank at Bank of America, open an account with Commerce Bank, and then deposit the hotel money in that bank.  Destroy any and all credit/debit cards linked to the bank – you do not want to spend any money on that account.  Repeat until you reach your target goal.

(Please note that many banks are different with their savings account.  Some may require you to have a minimum amount of savings to keep the account open.)

What if you’re splitting a room with four people (you included in this four)?  Well, that’s simple! $700/4 people = $175 per person.  Take your $175 and divide it by 24 checks.  That’ll equal to $7.29 a check that you need to put aside.

Regardless if you’re alone or with a group, keep taking the money out of your check and stack it up until it adds up to the total amount of what you need.  Remember not to touch it until it’s time to transfer your funds into your checking account, or when you need to give the money to whomever the name is on the hotel’s bill.

With the hotel taken care of, it’s time to tackle your badge situation. Now, should you save up for a badge, or go all in and buy one ASAP? That is dependent on you and your situation.

(*NOTE: AWA has yet to accept room bookings at the time of this writing)

The Badge

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Is it better to just go all in on a badge and pay for it now?  Should you stack up for badge overtime and buy one in the future?  Let’s go over each option and decide which is best for you.

ALL IN:

Let’s say the badge is $45 at its cheapest (usually the first tier of pricing). If you can spend $45 and not be hurt by it, then go for it.  Yes, you’ll lose money, but you won’t lose time waiting for your badge in line at at-door registration.  Trust me: Losing time is worse than losing money.  Money, we can gain back – time, we will never recover.  You’re investing $45 in extra time – extra time you can spend on panels, autograph lines, chilling with friends, etc.   To be quite honest, that’s a win-win.

Losing both time and more money is lose-lose.

SAVING:

So you can’t afford to invest in a badge quite so soon.  That’s okay; you can stack up to the desire tier pricing. Maybe you want to save up for the second tier that’s coming up in two months.  Or perhaps you want to wait and save for the final tier before online registration ends in six months.  That’s cool. I can work with you on either or.

The second tier badge price starts at $55, the price increase will start on December 3rd, 2017. This gives you four paychecks until December 3rd.  4 paychecks divided by $55 equals $13.75 ($55/4=$13.75)

For the six months option (October 3rd to March 3rd): 12 paychecks/$75 = $6.25 a check.  Again, just like your hotel money, place this money in your savings and do not touch it until you hit your target goal.

Travel

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How you will get to the convention is up to you, and it will be different from person-to-person.  Sadly, humans cannot teleport, so you must figure out a mode of transportation.  This section will be broken down into four sections: Air, Road, Rail, and Public Transportation/Ride Share

AIR:

Admittedly, I have never traveled to a convention by air.  From what others told me, it’s best to book your flights as soon as your hotel and/or badge.   I would personally put aside around $100-$200 a check for about 8-10 months if you have 100% confidence that you’re traveling by air. You might go a little over your target goal for the tickets, but it’s better to have more cash than what you think you need. Do not delay as airline tickets will increase their price as your departure date draw nears.

It’s not wise to wait.

RAIL:

In general, you want to book your rail tickets (such as Amtrak) months in advance.  I say that you want to buy your train tickets around the same time you booked your hotel rooms and/or badge.  The sooner, the better.  Why?  Because you don’t want to waste more money as time passes.  Use the same method for booking and saving money for an airline flight as you would use for plane tickets as mentioned above.

CAR:
This will depend on how far you’re traveling, your car’s MPG, and how many people you have riding with you.  A trip to STL to CHI will cost you around $60-90 in gas.  From STL to ATL will cost you $90-120.  Again, this is dependant on your car and the people riding/driving with you. I would start saving up for gas money about three months before the convention.

Let’s take St. Louis to Atlanta as an example.  When traveling with my friend to ATL, he charges me around $40 for the trip.  I put aside about $20 a paycheck a month prior to us heading to Atlanta.

I really hope I don’t have to break down this simple math for you guys.

PUBLIC TRANSIT/SHARE RIDE:
If you need to use public transit, taxi services, or a shared ride to get to a con, please research what bus, train, etc. you need to take for the convention.  Bus and train fare will be dependent on the city you’re in, as well as share riding to a convention.  In general, I say put aside at the $10-$30 for your choice of public transit and share ride a month before the convention (if need be).

If I know I’m doing a $20 Uber to get to my convention hotel, I put aside $5 from each paycheck about two months prior.  So $20/4 bi-weekly checks = $5 I need to put aside.

Don’t  forget to tip your driver.  Don’t be a cheap ass.

FOOD

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You gotta eat and stay fueled up.  Ever danced at a rave on an empty stomach?  It’s not fun. Fast, cheap food or dine-in at a high-quality restaurant?  Cook your own food if you have a kitchen suite?  Again, this section depends on your budget and needs.  If you’re planning on eating out in fast food places, your budget should be around $40-100.  Are you planning on eating out at non-fast food places?  You want to save around $130-200.  If you’re cooking your own food, I say around $60-200 depending on how many people you’re feeding.  Before I forget, you should have about $20-40 aside for a snacks budget just in case you’re walking around the convention center all day and you need lite fuel (such as cereal bars, fruits, etc.)

If I’m planning on eating out at fast food places, I place my budget at about $60 for the convention weekend. Knowing this, I give myself a month before the convention to put aside $30 a paycheck until I hit $60.

When I’m in Chicago for Anime Central, my friend, his crew, and I go to Hofbräuhaus for one night and dine in.  Knowing that he preps for this dinner, I put aside around $40 two months prior. Two months gives me four bi-weekly paychecks.  With this, I put aside $10 a check until I hit $40 and keep that $40 in my savings until it’s time to transfer my funds into my checking account.

 

PARTY GOODS

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Same

 

This section is optional and you don’t need to party to have fun at cons (but it’s better that way).  If you’re like me, then you’re about convention partying life. Therefore, this section is for you.  In all honesty, this varies from person-to-person and their needs.  If you’re just going to one party, you may need just one or two bottles, a few mixers, and a case of beer, which will run you about $35-$75.  If you’re hosting a room party, then you may need to spend about $150-$1200.  Feel free to check out my “So You Wanna Host a Room Party” article for more information.

https://yukithesnowman.com/2017/05/12/so-you-wanna-throw-a-convention-hotel-room-party/

 

I usually wait until after I check into my hotel and have everything ready before I buy my liquor.  You do have those people who love to drop out of the hotel room at the last minute.  That extra money could help in a situation.  It does suck though.

Boy does it suck.

But you can make it not suck by stacking up six months prior to the convention if you’re 100% sure you’re hosting a room party.  I’m projecting that my room party for Anime St. Louis* 2018 will run me $600 in alcohol, mixers, and other goods. Given my room party will be on that Saturday (May 5th, 2018), I must plan on saving my money aside for the party on December 5th.  For two weeks up to May 5th,  I will put aside $50 until I hit my target goal.

Math time!

$600/6 months = $100 must be saved each month.

$100/2 bi-weekly paychecks = $50 taken from each check.

Of course, your room party budget will be different from mines.  This is just an example of breaking down the math and planning.

*Disclaimer: I am not hosting a room party for Anime St. Louis 2018. Do not come up to me asking if I’m running a room party.  This was just an example.

Adding it all Up

We have the numbers; now let’s add them all up.  The total will be your target goal for savings. Below is an example based off my personal funds for major conventions, so your numbers will vary.  Some will save more money than I.  Others will save less.  This is all dependent on the conventions you’re going to as well as funds and time.

 

HOTEL: $700
BADGE: $45
TRAVEL (Road): $40 for my share of gas money
PUBLIC TRANSIT: $6
FOOD: $100
PARTY GOODS: ~$120

TOTAL: $971
I’m going to take that $971 and divided by 11 months (until Anime Weekend Atlanta).

$971/11 months = $88.27 I need to put aside each month until the week before AWA for 11 months.  By going bi-weekly paychecks I can put aside $44.13 per paycheck.  This does exclude any forms of secondary sources of income.  Applying my other sources of income to build up will make me reach my goal faster and earlier.  This is giving or taking some items away (such as badge and alcohol)

Tips on Making (More) Money

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Conventions aren’t cheap; that’s not a secret.  I know people are struggling to make ends meet as well as putting towards their hobbies.  It’s a cash drain, believe me.  I understand.  However, you can always make extra money to add to your funds.  I’ll break down a few simple and easy ways to make extra money for you to use for the con.

WORK EXTRA HOURS/USE PTO

This is the simplest way to gain extra money.  If you see that there are extra hours or shifts to be picked up at your job, jump on that chance.  Does it suck that you have to give up free time to make more money at the job?  Yes.  Is it awesome to have a little bit of extra cash in your pockets for the convention?  Yes.  Go through some hardships now so you can have a better time later.  If those hardship means working more hours at a job you don’t like, so you can go to a convention and escape from the workforce for a few days (or even work on your business AT the con), then do it.

If your job allows it, you can use your Paid Time Off (PTO) hours that you’ve stacked and use those hours on your off day.  Then, when you get paid, put the PTO money into savings.

SELL/FLIP PRODUCTS ONLINE
Do you have old video games, comics, mangas, etc. laying around at your house that isn’t of use to you?  Sell them on eBay to make extra dough!  After you research and study the value of the items you want to sell, just create a listing for them on eBay, Amazon, Craig’s List, etc. You can either sell your own product if you have your own business or flip other people products.  I personally flipped items from Loot Crates to gain extra cash for funds.

SELL DRUGS/INVEST IN A DRUG  DEALER
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Don’t do it. You’re not a dope boy/dope boy investor in college anymore. If you are a dope boy then all I have to say is be careful and watch out for the haters and fake friends.

…Althrough you could sell drugs to the partiers at conventions to make extra cash.  Just a thought.

INVEST IN A LEGIT BUSINESS
Your homeboy is a real estate investor or owner and has a great track record of returns on investments?  Invest with him.

If you need more ideas to increase your income or have a new source of income to fund your weeaboo hobbies, I recommend the following, as they have helped me with increasing my income and manage my money:

Rich Dad Poor Dad by Robert Kiyosaki
The 10x Rule and If You’re Not First You’re Last by Grant Cardone
YouTuber Miniory Mindset
YouTuber and Rapper Nino Brown (Find the Balance Between Having Fun and Having Funds is a great video of his on saving money for the future as well as Chapter 3 of his audiobook Mackin’ and Stackin 3)

FINAL THOUGHTS

Saving money for conventions shouldn’t be so hard.  Yet, so many weeaboos struggle to do so.  Sometimes,  people attend conventions without a budget or money at all!  Having a budget and money saved aside will help you out in the long run, as it’s nice to have extra money.  Not having money at a con isn’t fun.  Nobody will help you out – it’s up to you to have cash.  With this how-to guide, I hope you learn how to save and manage your money for future convention events.  I believe everyone should have money save up to maximize their fun at cons.  Start saving now!  Do not wait until it’s less than a month before the convention to save.  Apply what you’ve learned from this guide for the future!
Besides, nobody will feel sorry for your broke ass.  Get this money and save it.

Thanks for reading!

IMAGE SOURCES:

Otaku Room:
http://www.dannychoo.com/en/posts/slide/71664

Hotel:
http://www.monaco-denver.com/hotels-near-denver-convention-center/

Pikachu Plane:
https://nipponhamfighters.files.wordpress.com

Yuyuko and Goku eating:
https://www.pixiv.net/member_illust.php?mode=medium&illust_id=25590837

ACEN 2016 Badge:
https://www.facebook.com/yukithesnowman/

Midari Ikishima (girl in the featured image) and  Kakegurui copyrighted 2014-2018 Homura Kawamoto, Tōru Naomura, Sqaure Enix, MAPPA, and Gangan Joker.