Reader Q&A: How Can I Finance SXSW (my big, scary goal)?

With South-by-Southwest panel submitters campaigning for the popular vote, SXSWi has definitely been a hot topic of conversation (at least among us online nerds) in recent weeks.

A reader sent me an email asking if I had any ideas for how she could make her big goal of attending happen, and I thought others might benefit from the response (which could apply to all goals with a financial component). I also know that my readers (ahem, YOU) are some of the most encouraging, brilliant people I know. If you have extra ideas please share your two cents in the comments!

As a quick aside: please take a moment to support my Big, Scary, Hairy Goal of speaking at SXSW by voting for my panel, “Got 99 Problems But a Blog ‘Aint One(from blog-to-book: how to pursue a traditional publisher) by this Friday, August 27. You do need to create a free account to vote…so thank you in advance! I’ll be so excited (albeit terrified) if the powers-that-be actually choose my panel…

Without further ado…StacyAnn’s Question:

Hi Jenny,

I’m writing to ask about a goal that I have set for myself. I know you routinely give great advice on goal setting. My goal is to attend SXSW in 2011. However I fear this is not a practical goal and Suze Orman would probably deny me since I’m currently campaigning for a new job. How do balance an experience goal vs a stuff goal?  What about balancing feelings that you will have to push your goal back?  Finally do you have any tips on making SXSW more affordable?  I couldn’t find any posts on this topic.

Thank you,
Stacyann

My Response:

Hi Stacyann,

I think it’s AWESOME that you’ve set a goal to attend SXSW in 2011, and you’re not alone in needing to figure out how to raise the money for it (I have lots of blogger friends in the same boat). If you are excited and energized by the goal and it’s important to you, Suze Orman would definitely give you the go-ahead, she would just tell you to make smart choices about how you get there (ie don’t go into debt). When a goal is really “soul-stirring” (a term coined by Tim Gunn), you can almost always find a way to make it happen. That said, if you end up having to push it back, don’t beat yourself up over it.

Here’s what I would do:

  • Research: Figure out exactly how much money you would need to attend (hotel, conference pass and daily expenses)
  • Make your goal clear: Write it as a question at the top of a sheet of paper: “How can I raise $X between now and Y-DATE to attend SXSW 2011?” Then brainstorm for 30 minutes — or until you reach 50 ideas.
  • Get motivated: Make a list of reasons that it’s important to you to attend (just part of getting the motivation you’ll need to pursue the goal)
  • Brainstorm ways to cut costs: See if you can stay with a friend or a friend-of-a-friend in Austin – that would cut costs way down. Brazen Careerist and 20-Something Bloggers also have sub-groups for SXSW – I’d join those and see if other bloggers are looking for roommates.
  • Cost-cutting part two: Look at your last two credit card statements (I use Mint.com) and see what you could cut between now and next March to save money. If you really want to get serious, set-up a side account and have money direct-deposited every month between now and then (I use INGDirect)
  • Brainstorm ways to raise money: Do you have any ways of making extra income between now and then? Babysitting, tutoring, consulting, etc.
  • Ask for help: Put out a call to your network – consider starting a Smarty Pig account to raise money. You might also ask for contributions for Christmas (or a birthday if you have one between now and then).

Good luck!! I know you can do this — and you’ll have such a blast. Austin is awesome, and the people who go are so smart and so much fun. You’ll have to keep me posted on your big goal!

Jenny

***

I’d love for you to chime in since nothing beats crowd-sourced wisdom: do you have any other ideas or words of encouragement for Stacyann (or others) raising money for a Big, Scary, Hairy Goal?

21 comments

Categories: MoneyTravel

  • MarcTheEngineer

    Heh… I'm doing it sneaky style – There is a technical conference in Austin the same week… convincing the boss that going will be an effective use of training funds.

  • http://www.kristenbyers.net/ Kristen

    Am I having a major brainfart? I can't seem to find the SXSW group in 20SB! :(

  • http://tonynewboult.com Tony

    Hi Jenny
    That's a great answer, I'm a big music fan and I'm hoping to get to SXSW next year. I'll certainly be following your advice.
    And I've casted my vote for your panel – love the title!

    Tony

  • http://diamondkt.blogspot.com David

    Jenny, you gave her some great options. But I can’t believe you didn’t mention the side hustle!

    When it comes to pricey conferences, I usually suggest people talk to their employer because there is a good chance you can sell them on the idea of sending you to attend. Basically that’s a free pass for you, a write-off for them, and everyone wins because you are BOTH benefiting from the event. Although in Staceyann’s case, I know she said she is currently looking for a full-time job. So having her employer foot the bill is not an option. But getting herself a side hustle is another way she could pay for SXSW!

    Speaking of SXSW, you should get a little blog badge created to help advertise for your panel. Then other bloggers could post it on their site too as a way to help spread the word and get your panel more votes!

    I would create it for you, but we both know I give bad doodle. Although if you like the idea, I have a couple graphic designers (in addition to the great Norcross and Jamie of course) in mind that could probably whip something up.

  • http://www.lifeaftercollege.org jennyblake

    Marc – I love it! Looking forward to saying hi in person if your boss says yes :)

  • http://www.lifeaftercollege.org jennyblake

    Hey Kristen! Darn – I couldn't find it either. You could either post to the forum if you have something specific to ask/share…or one of us should start that group! :)

  • http://www.lifeaftercollege.org jennyblake

    Thanks Tony! That would be awesome if you're able to make it SXSW – the music part looks like so much fun. And thanks so much for the panel vote! I really appreciate it :)

  • http://www.blissdietbook.com/blog Jim Blake

    On financing big hairy scary goals that involve going someplace and then returning – just focus on getting there – then there you are – have fun – the Lord will get you home so you only have to worry about half of the cost of your trip – ie – get scared later like when you are hitchhiking home at two in the morning on some deserted highway in the middle of Texas. The transcendence of your recently past experience will open you to new horizons of problem solving. You will learn things at SXSW that will get you home. You will be an open soul who will connect with someone driving in your direction etc. or like Joe Ely sings: “The lord works in mysterious ways and tonight he's gonna steal your car.” Just kidding.

  • http://www.lifeaftercollege.org jennyblake

    Daddy-O!! Thanks so much for your great comment – it's so fun to see it on my blog (and I love that others can hear your sage words of advice :)

    I love what you said about “The transcendence of your recently past experience will open you to new horizons of problem solving.” – so true – if we just have faith and take the great leap, the universe usually rewards us by taking us the rest (or at least making the next steps clear).

    Have an amazing day!!

  • http://www.lifeaftercollege.org jennyblake

    Side hustle – good point! I tried to capture that in the “brainstorm more ways to make money” – regardless, making more money is one of the best ways I've found to pursue a big financial goal (rather than just trying to cut costs). In fact, I believe your tweet on that made it into the final book edit… :)

    Great suggestion about the blog badge! I wish I would have thought of that sooner…voting closing tomorrow. Plus, I'll be sipping margaritas by a pool in Vegas in T-8 hours… :)

  • http://www.blog.jessicamalnik.com/2010/08/top-five-august-27/ Top Five: August 27 – Jessica Malnik

    [...] Reader Q&A: How Can I Finance SXSW (my big, scary goal?) (Life After College) [...]

  • S9oe3

    mir juckt die knute

  • http://alexisgrant.com Alexis Grant

    My advice: Sign up early. I believe you get the cheapest price if you sign up by late September.

  • http://www.lifeaftercollege.org jennyblake

    Great advice Alexis — thanks!

  • http://undermangotree.wordpress.com/ Stacyann

    Thanks everyone for your great suggestions! I purchased my pass to take advantage of the discount, so I’m well on my way.

  • http://undermangotree.wordpress.com/ Stacyann

    Hey Betty,
    If I decide to stay with a local what neighborhood should I aim for? I can see this being hit or miss depending on your proximity to the convention center. I heard events go pretty late so don’t want to experience an issue getting home late at night.

  • http://www.lifeaftercollege.org jennyblake

    Aapprove

  • http://twitter.com/StacyannF Stacyann

    Wow all this great information. It’s like the insiders guide to SXSW. Thank you soo much. Can’t wait! I hope you don’t mind but I may have a few additional questions as March gets closer.

  • http://www.lifeaftercollege.org jennyblake

    Betty Jean – you are an amazing fount of knowledge!! Wow – thank you so much for sharing with me, Stacyann, and everyone else who makes their way to this post!! You rock – and I hope we all get to meet up at SXSW :D

  • http://www.lifeaftercollege.org jennyblake

    WUHOOOOOOO!!! So excited for you :D

  • Maddie

    Personally, I love mint.com as well. They also have this new feature that actually lets you set and watch goals… pretty cool and totally useful for setting a budget for this type of purchase!

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