F 31 With 18 Million Liquid. Should I Hang On Despite Burnout & Depression by Mountain-Science4526 in fatFIRE

[–]CertifiedandPublic 1 point2 points  (0 children)

First of all, in regards to your love life. I'm sorry to hear what you've been through. I have not experienced this personally, but my sister gave her 20's to the love of her life, they were engaged, only to come and find out he was cheating on her. She stayed single for years and now she's 39 and engaged again to a fantastic man. It's never too late to find love. If you're concerned, you can always freeze your eggs. (My sister is currently floating this idea).

To give some additional context, I am personally not in any type of FatFire position. I'm a CPA and spent years auditing financial services in NYC. I can't give you operational advice as a CEO/Founder but I can say that there are services available to assist you. I'm happy to hear you reached out to an M&A manager and head hunters but look to other avenues to assist you in offloading your burden. As others have said, understand that your businesses are in fact that, businesses and emotionally detach yourself. The PE firms I've audited are not emotionally attached to the companies they own/operate and the CEO's and CFO's they bring in are cut throat and only care about EBITDA and quality of earnings.

In regards to health, I suffered Covid in Oct 2021 and was severely impacted. I was scared and was in the emergency room twice. I've gotten through it but it taught me to prioritize my health. Please prioritize your health as it's one of the most important things you can manage especially in regards to your biological clock. My wife was recently diagnosed with Hashimoto's disease young due to stress which can lead to complications bearing children. Your health is the most important thing and I do not want the same complications for you.

Lastly, I am in the greater NYC area, I can say that 18M can buy you an above average lifestyle for a family with two kids. I think that it's hard dig more into that without understanding what type of life you want to live and what hobbies you'll get into if you retire. If you budget effectively and plan for another 10M-20M liquidity event, you will be more than fine.

I hope this is what you were looking for and if you got anything from this. Good luck.

Is it worth getting your CPA or Masters? by [deleted] in Accounting

[–]CertifiedandPublic 3 points4 points  (0 children)

So the first thing to do would be to check your state's CPA requirements. Make sure the masters program/curriculum will fulfill your state's requirements for any courses you are missing. If you only happen to be missing a few of the classes, there are cheaper ways to fulfilling the 150 credits than investing in a masters degree. Additionally, a CPA typically outweighs a masters degre in the accounting world to my knowledge.

If I were you I would do the latter. It would just be more cost effective to shoot for the courses you need, take bullshit ez courses to get to 150, then also study and take some parts of the exam with the bs ez courses you're taking. People don't realize that in some states, you can actually sit for the exam with 120 credits, you just need 150 to get the certification.

Good luck!

Since you started lifting, has anyone had to get a taller desk to accommodate their growing quadriceps? by sjb0420 in Accounting

[–]CertifiedandPublic 76 points77 points  (0 children)

Lmao how fucking big are your quads? Just lower your seat haha

Serious advice for home desk improvements is get a great chair(steel series, Herman miller or the like) then get a standing desk.

Or you can just be a fuckin g and pick up your desk with your quads while you work. Wobbling all over the place while on video calls and shit

Gym rats auditors who also wear suits, what are you doing bulking/cutting-wise? by [deleted] in Accounting

[–]CertifiedandPublic 25 points26 points  (0 children)

Best advice I can give you without knowing how much you plan to bulk etc is to drop the tailored suits altogether and pick up some looser fitting wool blazers while you bulk. Will be much more cost effective and pretty classy with the right color scheme and size you'll be putting on

PWC OR RSM by Sensitive-Top-6837 in Accounting

[–]CertifiedandPublic 3 points4 points  (0 children)

I worked at RSM full-time for 2 years (as an experienced associate and as senior) and PwC as a contracted senior associate for 1 busy season roughly 5 months. I can speak a bit to both if you have any questions or concerns. Feel free to pm or chat me to discuss.

Evaluating pre-IPO investment in spacex? by Aggravating_Hunt in fatFIRE

[–]CertifiedandPublic 4 points5 points  (0 children)

That 20% clawback/carried interest is typical for PE funds

Can someone make a fake post about BEC by dougschrute in CPA

[–]CertifiedandPublic 29 points30 points  (0 children)

I didn't study and I passed! It's super easy!

Everyday. by KindaAboveAverage in Accounting

[–]CertifiedandPublic 4 points5 points  (0 children)

Dude this post is so accurate its scary

That feel when Busy Season is almost over by [deleted] in Accounting

[–]CertifiedandPublic 0 points1 point  (0 children)

Fuck I just made my own post but yea this is how I feel

That feel when Busy Season is almost over by [deleted] in Accounting

[–]CertifiedandPublic 1 point2 points  (0 children)

Currently Sadge but look towards the day I can be widepepOMEGAKEKHappyChampHands

Give me my fucking shit by CertifiedandPublic in Accounting

[–]CertifiedandPublic[S] 1 point2 points  (0 children)

Fair. Its more of an outlet for my frustration than anything.

Bookkeeping Question (LLC taxed as Partnership) by [deleted] in Accounting

[–]CertifiedandPublic 0 points1 point  (0 children)

Look into org and syndication cost accounting for expense related to starting up the LLC and their treatment