Wellyopolis

July 16, 2007

And in other news ...

... starting a new job keeps you busy. Not that I'm complaining. Quite the contrary.

Amongst the thousands of minor linguistic differences between New Zealand and the United States I had not happened upon the word "scheme" having different connotations. With the introduction of KiwiSaver (like IRAs) there is much talk of "retirement savings schemes." Apparently, this makes Americans think of retirement savings conspiracies and plots. Scheme has more innocent connotations in New Zealand.

In the course of trying to learn more about this "scheme," I learned that you shouldn't go to personal finance seminars with academics. It was the worst example of specific ignorance on the topic at hand combined with general certitude of righteousness and knowledge I've seen in a long time ... I will say no more, and name no names, but you can probably guess what it was like. What made it odder was that I was by far the youngest person at this seminar. Most of the people there to learn about Kiwisaver were north of 40, probably most of them north of 50 years old, and were mostly concerned about the overlap with their existing retirement savings conspiracies (or schemes). This seemed to be missing the point of the KiwiSaver policy, which is mostly not to help people who are 62 top up their savings, but to change the mindset of younger people, and by offering blandishments from employers and the government get the relatively young saving a little bit early on.

I went from there to the first two hour seminar/tutorial I've ever done as the professor/lecturer/person who claims to know what they're talking about. Done it many times from the other side of the table. This was kinda exhausting, not because of the class who were great, but because facilitating discussion for two hours is tiring. Luckily I did not think "this is the first 2 hour seminar I'll ever do" beforehand. However, I think Tuesday might become a double-run day on account of the hour of general lassitude that a 2 hour seminar induces. Maybe that ratio will rise (seminar:lassitude) over time. Gradual adaptation to stress. Everything in life is like running ...

Posted by eroberts at July 16, 2007 10:57 PM