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Rising Star
Anyone here ever been to RCA? Is it worth it ?
Chief
Additional Posts in Accounting
Ladies, are gifts important to you?
Any international transfer suffering from ACCA?
True or false?
Raise your hand if you just cannot do it today.
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Not sure those two things are correlated but glad it seems to be working out for you and hope it continues. A lot of KPMGers have big houses BTW, don’t have to quit to get one.
Didn’t say you had to quit to buy a house, nice assumption there 😂. More so that the value/benefits being derived from senior manager at kpmg was no longer worth the “life-cost” and time spent.
So retirement > working in public accounting... mind blown lol. Happy that you're happy.
Kpmg is notorious for not allowing employees to buy homes or inexplicably measure their lot size by the square foot - congratulations for escaping
Pro
Senior Accountant 1: no. They don’t.
There are independence rules around initial mortgage lender: basically can’t be an audit client, but servicer can be and it’s fine if sold to an audit client after initial taking out the mortgage. This only applies to managers+ or if you work on the audit.
You do require independence pre-clearance if you have more than 3 rental properties, but it’s routinely granted.
There’s absolutely no rule about lot square foot size or not buying a primary home.
None of this thread makes any sense. Quit at 32, bought a huge house and is retired? Paid 40% down on a 450k house on 10 years of public accounting salary? Must be nice to have family money
Smart!!
Congrats on finding a better job!
Btw Texans usually would call that a quarter acre lot, not 11,000+ sq ft. But hey it’s your greener grass, measure it however you want.
Rising Star
I don’t think it’s a dig, I think it’s “no one knows what an 11,000 sq ft lot is, but we all know what a 1/4 acre is”
Congrats man! I’m the same age and have yet to get my cpa license. But actually pursing life in the agriculture field. So far we are leasing 700 acres and operating a grazing business.
I mean will you tell us what your side business is and how much you have saved in investments accounts and your spouse’s level of income? Kpmg has definitely helped you to get there.
WHAT IS THE SIDE BUSINESS?
10-12 hour days with little appreciation. I've worked for a CPA firm too. Congratulations on executing your way out. Many blessings in your new home!
❤️
Side business/investment is important, if you live on W2 only you probably would never have financial f reedom. Happy for you man, you’ve won your audit MD/partner who’s still fighting for their retirement life!
Im 33 now and didnt have much life in my 20s. Lots of sacrifices some of which I regret like not going to TomorrowLand in Belgium (music festival) which would have ran up to like $6-7k easy…. But now I have the money and freedom
Ok. Good to know
Thanks
What field do you work in and what is your educational background? What salary did you have leaving KPMG and what salary do you have at your new place? How much was your home as well?
EY5 Is your spouse a lawyer or software engineering lol?
Congrats on land ownership! Just beware the property taxes
Yes indeed haha texas is notorious for that. Biggest impact to my budget for sure
Where did you go?
Only if you're a loser with no life or hobbies.
You're not made to work. You're made to live..
The earlier you do is better once you are manager …
I left as a senior manager but am not currently looking for work.
I just secured a GMT Master II from my AD in NYC
How did you qualify for a mortgage without a job?
Cash on hand… I put 40% down on $450k… and other passive income
Bragging about a quarter acre lot? Lol
A home is a home. Fits exactly what I want/need! 🏡
What's your net worth?
Enough to purchase 450k home without a job.
True
Umm, are you soon going to tell us for a small fee you will share your secrets to getting wealthy?
Sacrificing 20s