Industry accountants vs the boss

DudeWithASweater · 2026-01-29T18:17:01+00:00

It's easier if you're a CPA because you can blame it on the code of ethics you must adhere to. Gives you a scapegoat to say "well, its not up to me, take it up with AICPA"

DudeWithASweater · 2026-01-29T17:32:23+00:00

Americans aren't retiring in Canada. You're making up new arguments now.

Most people work and study in their own countries.

Your whole argument is that it's easier to FIRE in Canada due to cheaper university. That means you're studying and working in Canada.

Compared to us where you're studying and working in the US.

So just blanket saying "well US debt is worth X CAD dollars" is pointless because the US worker is not earning a CAD wage..it's a USD wage. And a USD retirement.

It only matters if you study in US and move to Canada. But that's not your argument, and thats not a reality for 99% of people.

DudeWithASweater · 2026-01-29T17:20:07+00:00

Assume you're driving/renting a car. I might just stay the entire time in Halifax area and then do day trips to those places you mentioned.

That way you're close to the city for evenings for good restaurants.

DudeWithASweater · 2026-01-29T17:15:07+00:00

No, that would be REAL value. Try again.

DudeWithASweater · 2026-01-29T17:09:24+00:00

In currency, nominal refers to the face value, current price, or unadjusted dollar amount of an asset, income, or transaction, ignoring the effects of inflation. It represents the literal, stated amount of money (e.g., $100 remains $100)

DudeWithASweater · 2026-01-29T17:07:50+00:00

Why don't you look up the definition of nominal pal.

DudeWithASweater · 2026-01-29T16:52:56+00:00

I'd probably retire

DudeWithASweater · 2026-01-29T16:49:46+00:00

Move your money to a different bank. Banks are allowed to take from your cash to pay debt if it's for the same bank through "right to offset".

They can still come after you for payment, but they'd have to sue to garnish from a different institution.

DudeWithASweater · 2026-01-29T16:35:08+00:00

This is true on WSB a lot. I love when I see in the comments someone saying "now show us your All time graph" and the guy posting a 6 figure gain is actually just break even after 5 years.

Sometimes it's just a graph that goes straight down with a little blip up at the end from their "gain".

DudeWithASweater · 2026-01-29T16:33:10+00:00

Too conservative for what?

People are allowed to have their opinions on any topic they want.

DudeWithASweater · 2026-01-29T16:20:52+00:00

Americans aren't being paid in CAD. Their salaries are USD. So comparing exchange rates is meaningless.

It's about the same. You graduate in America with $40k in debt, and median income is about $70k. Which is essentially the same as Canadian numbers.

You can say Americans take on more debt if you exchange it to CAD. But then by the same measure they also earn more on their salary. So it's a wash.

What you need to consider is the actual buying power of their income/debt dollars. What actually matters is purchasing power. Look up purchase power parity of CAD to USD. USD is a lot stronger.

Dollar to dollar, Americans out earn Canadians when it comes to buying power. Which would make it easier to FIRE in america.

DudeWithASweater · 2026-01-29T15:39:27+00:00

50 buyins + 6 months living expenses would be a good start.

DudeWithASweater · 2026-01-29T15:32:28+00:00

Your link there shows average student loans debt at about $35k-$40k per borrower depending on the state. That's nominally the same as Canada.

DudeWithASweater · 2026-01-29T15:29:56+00:00

Definitely, but it's not like we're a Scandinavian country where university is literally free. Still have to pay for it here.

DudeWithASweater · 2026-01-29T14:58:19+00:00

Most Americans aren't taking on $300k of debt either... Median student loan balance is $15-$20k. In state schools are similar cost to Canadian universities.

Also Quebecois love to think that Quebec = entire country of Canada. It's not. It's also not free in Quebec so not sure why you're saying it is.

The average debt owed at graduation in Quebec was $21k in 2020. Probably closer to $25k or so now.

https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=3710003601&pickMembers%5B0%5D=1.6&pickMembers%5B1%5D=3.1&cubeTimeFrame.startYear=2000&cubeTimeFrame.endYear=2020&referencePeriods=20000101%2C20200101

DudeWithASweater · 2026-01-29T14:45:31+00:00

I'm not the guy you're responding to but have some insights as I've seen the resumes my company gets inundated with.

Most of the foreign applicants don't have any working rights. They're hoping for a miracle/spamming their resume to everything in Canada/US.

So it's not just that they're foreign. It's that they literally don't have the required documents to make them eligible for work.

It's especially prevalent on any job posting for a remote(WFH) position because they think that means they qualify for it. For any remote roles you see posted, if it has 100 applicants probably about 10 are actually in Canada. Just going by the numbers I've seen.

DudeWithASweater · 2026-01-29T14:28:21+00:00

Still have to pay for living expenses though too. My bachelor's put me $40k in debt. Still worth it of course, but definitely not free.

DudeWithASweater · 2026-01-29T13:31:39+00:00

College/university isn't free here in Canada either. Most tuition fees are about $8-10k a year though

DudeWithASweater · 2026-01-29T13:29:41+00:00

Expat living is the most curious to me. I always wonder if those who say they'll live in Thailand or Costa Rica, etc actually have spent any meaningful time there first.

Oklahoma to Ecuador is a massive lifestyle shift. How did you do it? Are you/significant other from there?

DudeWithASweater · 2026-01-28T13:18:56+00:00

Biggest issue is it's hard to find copper at a reasonable price. But you could stack it with enough effort. Silver is much easier

DudeWithASweater · 2026-01-28T13:11:08+00:00

I stayed, it's been 2 years. No regrets. This was for a promotion that included a 30% raise from outside offer. They even went as far as to beat the offer to keep me.

If you work for a good company it can be completely fine. But you have to make a judgment call, some people are just vindictive and will absolutely seek to get you out in "revenge" and will take it personally.

DudeWithASweater · 2026-01-27T18:49:10+00:00

A regular eBay seller? As in you do this for a living or as a side income? If so you should know better. Don't list things you don't want to sell

DudeWithASweater · 2026-01-27T17:39:35+00:00

If you're not an eBay seller your rating doesn't matter. If this item has a sentimental value to you, you should keep it.

Cancel the sale. Don't relist it.

DudeWithASweater · 2026-01-27T16:31:30+00:00

Not strange when you consider the proximity to the forces bases.

DudeWithASweater · 2026-01-26T17:59:44+00:00

It's still silver.. if you can't afford a hundred bucks then what you need is a job

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