In an interesting note, there was a period of time (after I was using just cold water, not a long period, and definately before I found this forum) that I used plain rubbing alcohol as an aftershave. I had this belief that the burn was good for me, kind of a "it can sting now or sting latter" kind of a thing. Similar to the notion that medicine must taste awful in order to be effective.
I used to use rubbing alcohol as aftershave, too. I didn't think it was good for me, I just liked the burn. The burn from my styptic pencil was good today, too.