I’m Back (Sort of) – Update on my Life Situation & Other Stuff

Sooner Than Expected!

Alright everybody I am making this post to let you know that I’m not only back, but what’s going on with my life right now. While I am largely back to full capacity here, I will still be doing a few things up until about mid-April. Despite that, you will be seeing a lot of content from me in April (more on that tomorrow). So here’s everything you need to know!

Thanks, Life, and Money

First off, let me thank everybody who was so amazing during my absence. I definitely did not think that things would get sorted out very quickly. I would especially like to thank Mel and everybody who came together to create this post. Truly incredible and I hope that everybody will take the time to give it a look just to see how amazing the community here on WordPress really is.

A big piece of news is that my loan is (temporarily at least) taken care of. I have to pay $0 a month with a 0% increase on the principal amount per month. I can pay in with no penalty too. On top of that, I’m working with them to keep me permanently on an income based payment schedule which will provide the following benefits to me:

  • Basically nothing changes. If I get a job, I inform them of my new income and they adjust the rate accordingly. However, I only have to report once a year so if it is temp. work I don’t have to lose the benefit of the current zero-zero deal. As is, I have to fill out the paperwork EVERY time my income changes.
  • The loan goes totally away in 20 years regardless of whatever happens financially to me. I can actually pay it off sooner than that in theory but that is a benefit I don’t currently have.

Some of you may recall that I had a job interview this week. It was at Lowes. I’m not crazy about that job because it is seasonal like the Target job was but it may end up being permanent I am told (again). However, I have to wait to hear back form them still. I should be hearing today or Monday so fingers crossed. If I do get the position I’ll have employment at least until August, which is pretty good. After that it’d be up in the air but I would drop to part-time if I was given the permanent position. At the very least, this would let me get some money flowing and I can always look for more/better work if needed.

Patreon vs Ko-fi

The last order of business is to discuss my move away from Patreon to Ko-fi. I’m not deleting my Patreon and if you still want to support me on a monthly basis you can, but I am not going to be actively advertising it. Additionally, rewards WILL NOT be honored there effective immediately until further notice. The main reason for this is that I just wasn’t getting enough support there. On top of that, Patreon sucks away so much of my funding that I wasn’t even seeing a great benefit from it. The money from Patreon was (and still will be) split among my contributors too. In all, nobody was really making much and it was inconvenient.

Ko-fi, on the other hand, is a lot better. You support when you want. Think I wrote an amazing article? Great, you buy me a coffee or two ($3 each) and I see all of the money pretty much immediately in my PayPal account. That is so much better for me and Ko-fi doesn’t eat away any of the money you give me in support. The downside of course is that it isn’t consistent revenue streams unless people really take to using it often.

Still, I saw more income from having it up during my hiatus period than my Patreon’s lifetime income. I know that part of that is because I really needed some money and you were all super generous but the point still stands, it is easier and a better platform for me personally (at the moment at least).

An important note is that I will not be sharing proceeds from Ko-fi with my contributors (mostly Jacob) for the time being at least. I will work the details out with him but I’m going to encourage him to create his own Ko-fi account and use a different colored button for his articles exclusively. That way, if you want to support him, you can directly. He has a steady income and is pretty happy but I know that the extra money would be appreciated. His goal is still to become a professional full-time movie reviewer after all!

The original hope with the Patreon was to get to a point where I was providing Jacob (and other possible long-time content creators on the site) a monthly paycheck for their contributions but that wasn’t working out. At this time that just isn’t practical for anybody unless the site is really bringing in a lot of money (which it isn’t). Additionally, since Patreon takes a cut and PayPal has rules about how much and when can be distributed too with Patreon, nobody has gotten any money from there yet. It’s just sitting there because it hadn’t crossed the minimum threshold for me to draw without penalty to distribute until recently.

I know that might have been a little complicated but I want to be as transparent with how money and other things work with you all. The Tl;dr of this is that Ko-fi offers a lot more convenience on both ends in addition to being more friendly from a user perspective. Patreon had consistency in income but wasn’t doing enough so nobody was seeing a benefit as intended. Ko-fi has people seeing a benefit. Jacob deserves money too, I’ll work that out with him though.

That’s it!

Be on the look out for tomorrow’s posts. There will be more than one! Also, April is going to be very exciting. It’s my most ambitious project yet, which you’ll be able to read all about tomorrow in full. Beyond that, I again appreciate everybody’s help and understanding while I was away these past couple weeks.

-Jon Spencer

16 thoughts on “I’m Back (Sort of) – Update on my Life Situation & Other Stuff

  1. Good to hear the loan is sorted for now and I hope you get a positive response from the job interview.
    I really like the stability of Patreon in that I know what I’m currently earning from the blog and can plan around that (as in, I still have to count my blog as a hobby because it currently isn’t earning enough for it to be considered anything else). That said, part of my publishing the e-book was to give people a one off way to support the blog if they weren’t into ongoing payments. A few people took that option and I’m very grateful for their support.

    Liked by 1 person

    1. Thanks, I’ll be sure to let you know if I get the job or not when I hear back.

      I too like the stability aspect of Patreon but it just wasn’t functioning the way I had intended it to do. It is something I need to table and rework if I want it to be an effective part of how the site makes some money. For now the one off method whenever people can will work. I’m glad you have seen some success with the e-book too 🙂

      Liked by 1 person

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