I got back from a blog business trip a few days ago. We went to a farm in Indiana to do a video shoot with a blog agency called Mode Media. So a blog agency is like a modeling/talent agency for bloggers where they are the middle man between the brands and bloggers. I’ve worked with them regularly for the past 2 years now and they were one of my highest income source. So I was there for 3 days and guess what? Literally the day after, less than 12 hours after I got back from the trip, they filed for bankruptcy and closed down. Even the employees for Media Media that I was with in Indiana for 3 days, didn’t have any clue. I guess they went to work and were told in a meeting that morning and was sent home. No paycheck, no severance, nothing. They all lost their jobs. Rachel, the blogger relations manager whom I was with in Indiana, she was on another video shoot in San Francisco when she was told to just stop shooting and just go home. We are all flabbergasted and just in shock!
I couldn’t have heard the news at the most worst time because literally an hour before I heard the news, Jay and I talked about budgeting and saving money since we don’t budget but need to and we are about to put an offer on a land so we can build our dream home. Did you know that you have to pay 20-25% cash when you buy land? You can put down 1%, 5%, 10% or any amount when buying a house but for land, you need to put down a quarter amount! Anyway, so Mode Media owes me exactly $9386. But that is just going down the drain now and I will never see it.
But the most surprising thing of it all is, I’m not that bummed or angry about it. Which is surprising myself! I am not the bread winner and whatever I earn from blogging is extra money that we put into savings, so I think that’s a huge reason why. And I am not the kind of person to ever really stress about money, whether I have little or a lot. But I can’t imagine for those moms that are the bread winners in the family and depend on these incomes to pay their rent or the bills. There’s one mother with 5 kids who’s owed 40k from Mode Media and that makes me so sad and angry for her! I hope the employees from Mode Media will be able to find jobs quickly and the bloggers will figure something out. It truly is a very unfortunate situation.
Anyway, just wanted to update you on this crazy drama that’s been going on in my life.
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