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GTA 5: Do Moving Release Dates Boost Sales?

English: The Rockstar Games logo. Português: O logotipo da Rockstar Games. (Photo credit: Wikipedia)

Grand Theft Auto 5 is the upcoming gaming title developed by Rockstar Games, set in the . Grand Theft Auto has been a perennial classic and the definitive gaming series for Rockstar Games, creating the modern urban sandbox game and similar gaming titles such as Saint’s Row. The release date for GTA 5 was originally planned at the beginning of the year in spring 2013, but was pushed back to September 17. Does moving release dates have any noticeable effect on the sales of video games?

One of the most important effects of moving release dates is to afford the studio and developers of the game more time to put finishing touches on the game. Two examples of games being rushed by developers, possibly in order to meet release dates by studios, are Dragon Age 2 and Mass Effect 3. In this case, moving the release date may appease anxious fans for a short amount of time, but the quality of the game may not hold up to expectations. This is particularly obvious in Mass Effect 3, where the lackluster ending stood out as an enormous drawback to the game and may even lower sales of future games planned in the Mass Effect universe. There was a huge divergence in the quality of the ending compared to the quality of the rest of the game that prompted many gamers to deduce that the ending to the game was rushed. This is particularly damaging to a game which has built up to the ending in the trilogy only to disappoint the gamers who have played through Mass Effect and Mass Effect 2 to see the ending. The fiasco created by the ending even caused the studio to release another ending, although the damage may be permanent.

Otherwise, even late in the development cycle in a game, there are important stages for the game to go through such as bug testing, so that any potential bugs or glitches may be fixed before release. This is important particularly in AAA titles such as GTA 5, where fans have a great deal of expectations about the realism and immersion of the game itself, which can be broken by an abundance of bugs. In this case, it may be better for the studio to delay the release date instead of releasing a mediocre, or even worse, an unfinished product. It is particularly worthwhile for Rockstar Games to take their time considering that GTA 5 is one of their most important titles; it is of paramount importance for them to preserve the quality of the game rather than rush any part of the game’s release.

Finally, there is indication that moving the release date of games later can actually boost sales. If the delaying of the release date can result in a better product, the game can sell both on release and from pre-orders as well down the road, if it becomes critically acclaimed as a quality AAA game. One of the breakout success stories in gaming this year was Bioshock Infinite, released by Irrational Games which had its release date moved to February 26, 2013 from October 16, 2012. However, the ending of the game was almost universally regarded as one of the best in AAA titles, and it is conceivable that more games will be sold because of the higher quality.

Financial Blogger Conference

Finance, Misc

Three days, 800 miles, and 18 sessions later, I am back from the Financial Blogger Conference.

Here’s the breakdown of my spending:

The conference itself: $67

Breakfast on Friday: $8

Lunch on Friday: $19

Lunch on Sunday: $10

Gas: About $160

Hotel: $182

Tips to the bartender: About $10

That brings the total to $456. The hotel cost is really an opportunity cost, because my rewards card will be reimbursing from my accrued miles. Actual out-of-pocket cost: $274.

What did that money get me?

First, I got to meet a lot of the bloggers I read every day, including a lot of my fellow Yakezie members. That’s invaluable.

I got to spend three days meeting other bloggers, and learning how they operate. I got to hear how they manage Twitter, how often they post, what they do, and how they do it. Phenomenally valuable.

I got to spend 2 days learning better ways to do this whole blogging thing, by listening to some of the biggest names in the personal finance blogging world. That’s a value that you’ll have to judge for yourselves over the next few months as Live Real, Now evolves.

From a purely financial perspective, was this a good spend? Probably not. I spent $274 to get intangibles that won’t pay my bills or put food on the table. There is certainly an argument to be made that this was a waste of money. However, I strongly believe that those intangibles will prove far more valuable than any other way I could have spent that money. Using simple math, I may have wasted that money. Looking at the long-term value, it was definitely worth the time and money.

I will be going back next year.

How come my back hurts?

Business, Finance, Relationships

My favorite book series is the Sword of Truth by Terry Goodkind. It’s a good sword-and-sorcery, good-versus-evil fantasy.

But I’m not here to talk about that series. Rather, I’m going to talk about one particular scene in book 6, Faith of the Fallen.

There’s a scene where Richard, the protagonist, ends up in a socialist workers’ paradise, where the government controls distribution and everybody is starving. Jobs are hard to come by, because everything is unionized and unions control access to work. That’s a non-accidental parallel to every country that has embrace socialist principles, or even leans that way. Go open a business with employees in France, I dare you.

So Richard goes out of his way to help someone with no expectation of reward. This person then offers to vouch for him at the union meeting, effectively offering him a job.

This is the conversation that follows:

Nicci shook her head in disgust. “Ordinary people don’t have your luck, Richard. Ordinary people suffer and struggle while your luck gets you into a job.”

“If it was luck,” Richard asked, “then how come my back hurts?”

If it was luck, how come my back hurts?

Seneca, a 2000-year-dead Roman philosopher said, “Luck is where the crossroads of opportunity and preparation meet.”

I won’t lie, I’ve got a pretty cushy job. I make decent money, I work from home, I love my company’s mission, and I kind of fell into the job.

By fell into, I mean:

I started teaching myself to program computers when I was 7.
I worked in a collection agency collecting on defaulted student loans to put myself through college while I had a baby at home.
When I graduated, I went out of my way to help anyone I could, which positioned me for a promotion, getting my first programming job. The first one is the hardest.
I spent 3 years studying the online marketing aspects of what I’m doing, with no promise of a payoff.
I launched a side business in the same industry as the company I work for.
I built a relationship with an author to include his books in the classes I teach. He happened to move to the company I’m with.
I offered advice–for free, on a regular basis–on certain aspects of his business and his responsibilities with this company.
He offered me a job.

That’s 25 years and tens of thousands of dollars spent earning my luck. How come my back hurts?

I have a friend on disability. He has a couple of partially-shattered vertebrae in his back, but he keeps pushing off the corrective surgery because the payments would stop after he heals. He refuses to get a regular job, because his payments would stop. He lives on $400 per month and whatever he can hustle for cash, and he will make just that until the day he dies. And he complains about his bad luck.

His back literally hurts, but not metaphorically. His bad luck is the product of deliberately holding himself down to keep that free check flowing.

I have another friend who made some bad decisions young. Some years ago, he decided that was over. He took custody of his kid and started a business that rode the housing bubble. When the bubble popped, so did his business. Instead of whining about his luck, he worked his way into an entry-level banking job.

He put in long (long!) hours, bending over backwards to help his customers and coworkers, and managed a few promotions, far earlier than normal. His coworkers whined about it. He’s so lucky. If it was luck, why does his back hurt?

We make our own luck.

If you bust your ass, working hard and helping people–your coworkers, your customers, your friends, your neighbors–and you are willing to seize an opportunity when it appears, you will get ahead. When you do, the people around you who do the bare minimum, who refuse–or are afraid–to seize an opportunity, who always ask what’s in it for them, they will will whine about your luck.

When they do, you will get to ask, “If it was luck, how come my back hurts?”

The Magic Toilet

Finance

: Image by tokyofortwo via Flickr

My toilet is saving me $1200.

For a long time, my toilet ran. It was a nearly steady stream of money slipping down the drain. I knew that replacing the flapper was a quick job, but it was easy to ignore. If I wasn’t in the bathroom, I couldn’t hear it. If I was in the bathroom, I was otherwise occupied.

When I finally got sick of it, I started researching how to fix a running toilet because I had never done it before. I found the HydroRight Dual-Flush Converter. It’s the magical push-button, two-stage flusher. Yes, science fiction has taken over my bathroom. Or at least my toilet.

I bought the dual-flush converter, which replaces the flusher and the flapper. It has two buttons, which each use different amounts of water, depending on what you need it to do. I’m sure there’s a poop joke in there somewhere, but I’m pretending to have too much class to make it.

I also bought the matching fill valve. This lets you set how much water is allowed into the tank much better than just putting a brick in the tank. It’s a much faster fill and has a pressure nozzle that lies on the bottom of the tank. Every time you flush, it cleans the inside of the tank. Before I put it in, it had been at least 5 years since I had opened the tank. It was black. Two weeks later, it was white again. I wouldn’t want to eat off of it, or drink the water, but it was a definite improvement.

Installation would have been easier if the calcium buildup hadn’t welded the flush handle to the tank. That’s what reciprocating saws are for, though. That, and scaring my wife with the idea of replacing the toilet. Once the handle was off, it took 15 minutes to install.

“Wow”, you say? “Where’s the $1200”, you say? We’ve had this setup, which cost $35.42, since June 8th, 2010. It’s now September. That’s summer. We’ve watered both the lawn and the garden and our quarterly water bill has gone down $30, almost paying for the poo-gadget already. $30 X 4 = $120 per year, or $1200 over 10 years.

Yes, it will take a decade, but my toilet is saving me $1200.

How Much Should You Tip?

Finance

: Image by cemre via Flickr

This post from CNN Money has been making the rounds. I’m getting into the game today.

With the holiday season upon us, tipping the people you work with is a tradition in some cases and actually expected in others. Here’s what CNN came up with and my take:

Housekeeper. We don’t have one. I’d think $75-100 would make a nice tip/Christmas bonus. I seem to be more generous than average with my imaginary maid. Maybe that’s because of the outfits she wears.
Gardener. Once again, we don’t have one. Even if we did, I live in Minnesota and have close to a foot of snow over the patch of weeds I call my garden. If I did have a gardener, I wouldn’t have seen him for a few months by now, anyway. $0!
Mail carrier. I’ve only met my mail man a dozen times and I’ve never considered giving him a Christmas present. Do people really do that?
Barber. I don’t have one any more. My wife has started doing my hair for me. When I did, I tipped about 25%, but again, I wouldn’t think about a Christmas present. I only saw him quarterly. I don’t think my wife has a regular stylist either. She’s just got a shop she goes to and gets whoever is available. Is there holiday tipping protocol for that?
Garbage collector. No way. Really? I don’t know that I’ve seen the same guy twice. Am I supposed to give a present to the anonymous, interchangeable union guy that drives past my house every Friday?
Newspaper carrier. One night, twelve years ago, while my wife was still working graveyard shifts, she had a hard time sleeping on her nights off. That’s natural for 3rd shift workers. At about 4AM, she was watching TV and saw someone run past the window. Scared, she came to wake me up. I handed her the phone to call the police, while I grabbed the only thing I had for self-defense and went to investigate. I ran out on the front step–in my boxers, carrying a sword–and saw someone lurking in the neighbor’s yard across the street. I yelled, “Y0u don’t belong here!” only to hear “I’m delivering the paper!” That’s when I start tipping the newspaper carrier. I stopped when we canceled our subscription a few years later. Who needs a dead tree in the morning, when there are a million news sites on the internet?

If the majority of people are giving Christmas bonuses to that many people, and are as generous as the article suggests, then I fall far to the loutish end of the bell curve. I am planning to give my virtual assistant 1/12 of the pay he’s earned this year, so that should make up for some of it, but that is an ongoing business relationship.

How do you compare when it comes to holiday tipping?

Mortgage Race, Part 2

Finance

As I mentioned last month, Crystal and I are in a race to pay off our mortgages. The loser(henceforth known as “Crystal”) has to visit the winner. Now, since–judging by the temperature–Crystal lives in Hell, I think it would be good for her to visit in the winter. There something about the idea of going ice fishing, staring at a hole in the ice while sitting on a 5 gallon bucket, cursing the day I was born.

Today, she threw down the gauntlet again. She has apparently decided that, since her prerequisites are met, she’s going to win. Sure, she’s closed on her house and built her savings back up to $20000, but it doesn’t matter. I’ve sent a small army of arson-ninjas to keep her from getting ahead. They are so small, they can only carry tiny matches and single drops of gasoline, so the damage they can do is tiny, but it will add up. Just a word of advice: if you hire an army of arson-ninjas, go for the upsell and get ninjas that are at least 2 feet tall. Anything less is just inefficient.

When I announced the race last month, my mortgage balance was $26,266.40. Today, it is $25,382.53. In three days, there will be another $880 applied to the principal.

In February, our renters will move in and we’ll conservatively have another $650 to pay. When that starts, our balance should be around $23,000. Adding a portion of the rent payment should mean we pay off the house in May 2014. However, when I bring in our side hustle money, that will bring us back to September 2013.

Crystal’s projected payoff is July 2013, so I’ll have to hustle.

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