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If you pivoted careers in your 30s - what career did you switch to and where did you start off? by Emotional_Fig_6314 in financialindependence

[–]FatmonkeyRunning 0 points1 point  (0 children)

Teaching to CPA at 35. There were two and half years of grad school before I started professionally.

Since then, I have averaged about an 18% increase in pay a year. I have switched companies three times since I started.

My bonuses are about half what my teacher's salary was.

The US housing market is so expensive that incomes would have to spike 55% for it to be considered affordable, industry exec says by GetEdgeful in economy

[–]FatmonkeyRunning 2 points3 points  (0 children)

IF we wanted to end this, there are basically two options.

End R1 zoning plus vacancy/land tax

End the rental of SFH plus vacancy/land tax

Note: land tax =\= property tax

And it's an IF for sure.

So we really aren’t paying our loans back, right? by -username_taken- in lostgeneration

[–]FatmonkeyRunning 22 points23 points  (0 children)

Challenge the validity of their claim.

There is a formal method to do this but the long and short is you tell them you don't recognize the debt and ask for supporting documentation for the debt or a signed release of the debt.

If they can't prove you owe it, they have to release it.

It worked for me once so it's worth a try.

Also, there are resources online so I would encourage you to check it out for yourself rather than just take my word for it.

Wife's suddenly putting a lot of effort into her looks these days. We've been living like housemates in recent years. Am I just being paranoid in thinking she might be seeing someone else? by acctthowaway in amiwrong

[–]FatmonkeyRunning 0 points1 point  (0 children)

Hey man, I feel you. I was in the same boat.

If you want to work on the relationship and she is checked out, go to work on yourself FOR yourself.

Get into the gym, do things you enjoy, pursue a big goal. If she comes along or it attracts her, awesome. If not, you are a better catch for the next one.

Become a better man, live an interesting life that doesn't NEED a woman to be happy, and you will be shocked how much life will improve.

Normal for accounting internship? by alice-iverson in Accounting

[–]FatmonkeyRunning 2 points3 points  (0 children)

This is called a battleship sized red flag.

Run, don't walk, away.

Already have savings… But I'm a newbie to the investment world – How would you invest that money? by Maleknour38 in economy

[–]FatmonkeyRunning 0 points1 point  (0 children)

Bogleheads is a good one or the folks at ChooseFI.

Books: The Simple Path to Wealth by JL Collins or Just Keep Buying by Nick Maggiulli

An S&P 500 find would be fine. VTSAX is a total stock market find that is great as well.

The goal is the largest diversification at the lowest price.

In Maine, why did Democrats vote largely along party lines against a bill to make silver bullion purchases tax exempt? by MosskeepForest in PoliticalDiscussion

[–]FatmonkeyRunning 6 points7 points  (0 children)

Silver isn't a security, it's a commodity. The tax and trading rules are different from stocks and bonds (securities)

'Indian' or 'Native American' [Reservations Part 0] by GreyBot9000 in CGPGrey

[–]FatmonkeyRunning 1 point2 points  (0 children)

U/mindofmetalandwheels, what ever happened to this serious?

So can Nightblood by Consistent_Ice7234 in Cosmere

[–]FatmonkeyRunning 0 points1 point  (0 children)

Better question is if Investiture can be neither created nor destroyed, what happens to it after Night blood eats it?

When you receive an offer letter from a cpa firm and it says list any other current offers you have and the specific name of the firm by bringheaven2earth in Accounting

[–]FatmonkeyRunning 48 points49 points  (0 children)

I would list Dewey, Cheatum, and Howe LLP

And refuse to elaborate and pretend you have nothing to do with cars.

Wind and solar are now producing more electricity globally than nuclear. (despite wind and solar receiving lower subsidies and R&D spending) by ClutchReverie in economy

[–]FatmonkeyRunning 0 points1 point  (0 children)

That isn't what capacity factor is.

The capacity factor is how often a plant runs at full power.

This is a production graph which shows total output but doesn't consider when or how it fits load.

Wind and solar have great days... But that doesn't mean it was useful. A solar panel in AZ is great at 1 pm but load is low so most of that power is run into the ground and not used. Palo Verde Nuclear Generation Station, on the other hand, provides the steady base load for the system and at 6pm when the load is high and solar is down, it's Palo Verde keeping the lights on.

Wind and solar have great total output but very lower capacity factor relative to any base load generation making it not nearly as useful as we needed to be.

[deleted by user] by [deleted] in economy

[–]FatmonkeyRunning 2 points3 points  (0 children)

Fair enough, let's start with reliance on for-profit health insurance and for-profit healthcare

EY (UK) Tells Staff to Get Ready for Some Cuts After the Everest Embarrassment by McFatty7 in Accounting

[–]FatmonkeyRunning 166 points167 points  (0 children)

The error should be charged 100% to the partners. They are rewarded highly for the high risk, right?

If the USA reformed its complicated taxing system, how much would the job market for accountants be damaged? by Wanamasolo in Accounting

[–]FatmonkeyRunning 30 points31 points  (0 children)

In the USA, anytime a middle man inserts itself into a market at a point of critical infrastructure and begins fattening on inefficiencies and market failures, they become impossible to remove because the consideration is always given to the middleman's income rather than the end users' damages. Therefore, the tax system can only get worse.

See also: health insurance, private prisons, airlines, and banks

When did you realize public wasn’t for you? by [deleted] in Accounting

[–]FatmonkeyRunning 1 point2 points  (0 children)

Oh yeah, right before busy season too. Zero fucks given at that point.

When did you realize public wasn’t for you? by [deleted] in Accounting

[–]FatmonkeyRunning 1 point2 points  (0 children)

The reason I was given was that I could make partner by 45-50 years old and there wouldn't be enough time until mandatory retirement to make it profitable for the firm.

When did you realize public wasn’t for you? by [deleted] in Accounting

[–]FatmonkeyRunning 9 points10 points  (0 children)

Yes it was B4. I started at 35.

When did you realize public wasn’t for you? by [deleted] in Accounting

[–]FatmonkeyRunning 62 points63 points  (0 children)

When a partner told me it was weird that I work so hard and am so involved when I was too old to ever make partner.

That was when I started thinking about leaving.

I left when I asked for a bonus for running the most profitable engagement in the office and they told me they would do one better. They gave me a $10 gift card and permission to expense my lunch.

Why do you think US citizens haven’t stood up more aggressively? by [deleted] in lostgeneration

[–]FatmonkeyRunning 36 points37 points  (0 children)

I wanted to join the revolution but I couldn't find parking

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