Today was my first day of work for my second post-collegiate job. I am technically still in my last week of my first job, but it was decided last night that I was going to start work today. I would have preferred next week, since I am currently in the epic process of cleaning up-and-out my old room.
Oh, and I need new curtains. I have no clue where my curtains went.
So I have, as you can see, a lot to do. I haven't actually lived full-time at home since I was in high school or even part-time since my sophomore year of college. My living space has thus been serving as a family storage space. But Dad says, No time like the present! So I re-enter the work force, again.
Today was an orientation day. The major dynamics of the exchange business were discussed and explained. There is a lot of potential and the company is pretty cutting edge and innovative. I've always had an idea what exchanges are, but now that I am being versed, I like the way the company approaches and does them. This is a completely new field (for me) and it is so interesting connecting and comparing it to the newspaper industry. Both, for the most part, are still being run the same way they were run 10-20 years ago, before current and major changes in law and technology. Ergo, both need to change their staple business model or risk filing for Chapter 13 in the near future.
I won't fatigue you with the history and evolution of 1031 exchanges, but they've been around since 1921 and should be more basic parts of industry as a tax and money-saving expenditure, but people don't take the time to learn about their long-term effects when buying and selling, especially in terms of equiptment. Exchanges done right will end with paying less in taxes and on interest overall, which could be anywhere from thousands to billions of dollars, depending on the company and its size.
I have three huge binders I am currently reading through. One is Policy and Procedures (my favorite line is "No, the typewriter is not an urban legend and is not extinct. When certain forms have to be used that cannot run through our printers or when you have forms with duplicate/ triplicate copies, this is the machine to use."); one is 30 tabbed sections breaking down 1031 exchanges; the third, a slimmer binder, is current marketing. Plus another stack of papers. People like to scoff at my liberal arts education but look! It's helping me again! I know to digest, understand and analytically think about huge amounts of information. Yeah!
Today is also the feast of St. Michael the Archangel, who, along with the rest of the faithful angels, battled Lucifer and his followers in defense of Heaven. Catholic Encyclopedia says, according to Scripture, St. Michael has four purposes: to fight against Satan; to rescue the souls of the faithful from the power of the enemy, especially at the hour of death; to be the champion of God's people; and to call away from earth and bring men's souls to judgment.
Pope Leo XIII (the 257th pope, from 1878-1903) wrote a prayer for St. Michael's intercession after being given a vision after celebrating the mass. He saw evil spirits from Hell and their efforts to destroy the Church. But, in the midst of their malice, St. Michael the Archangel appeared and cast Satan and his minions back into Hell. The Pope therefore ordered to have the prayer recited after all low masses, which it happened until, unfortunately, it was lost in the wake of Vatican II. It is said most commonly now at the end of the rosary, but I do wish more parishes would say it after mass. St. Mary's, the parish I attended in Old Town two summers ago, did and it was such a powerful reminder about the reality of evil in the world and our purpose of guiding souls to God.