Hilarious, that really made me laugh!
Okay, I guess where I'm stuck is with a bunch of events with different titles and meanings.
With some of the given advice, I was trying to narrow down events to; people, places/travel, time/event and object/things. I was going to make albums for the subs like family, friends, cities, weddings, ect.
I don't think this is right either and I am trying to understand the keywords concept mixed in with events. Care to elaborate? Thanks!
For me, the key concept is "search engine." Keywords are simply ways to make it easier to search, and to speed those searches. Often, web searches don't return exactly what you're looking for, because your choice of terms may be uncommon usage. Adding keywords to your images helps you find them later, based on how you think.
The entire point of a database (which is what iPhoto and the other DAMs are) is to store information in a structured manner, so that its contents can be retrieved in many different, useful ways. They all come with a handful of pre-packaged ways of cataloging the info, but in the end, it's your info, so you have to think about all the various ways (not one single system) you might need/want that info in the future.
An art director might want to be able to find photos with a predominant color, and include colors as keywords. You, however, may never need to find "red."