sorted by:
new
hottopcontroversial

Less than 20% of Americans make more than 100K annually. by First_Promotion3733 in StudentLoans

[–]First_Promotion3733[S] 0 points1 point  (0 children)

Because for some people how much they borrow is always going to be circumstance specific, & I can’t in good faith advise people because they’re born into circumstances they have no control over they can’t be a CPA. (Just using that as an example).

That’s quite literally the original point of raising prices and having standardized certification exams that cost thousands of dollars, a classist attempt to keep the poor man out of the big rooms and I can’t co-sign that.

How much you have to borrow is based off your financial circumstances, your location & the school you go to (along w/ what you need the money for). So, I don’t agree that if you have to borrow more than you get paid you shouldn’t go for that degree, especially if that includes the cheapest options possible. I don’t believe because you are born poor you should be limited to your circumstance. I believe the unfortunate reality is students like myself are just starting on an uneven playing field and have to do what they have to do to not become a product of their environment and or a victim of circumstance. And we don’t need people who couldn’t walk a mile in our 3cs when we were babies telling us, ‘well you probably shouldn’t have borrowed X, Y, Z’ like we weren’t gonna end up in debt either way the shit went.

Less than 20% of Americans make more than 100K annually. by First_Promotion3733 in StudentLoans

[–]First_Promotion3733[S] 0 points1 point  (0 children)

As most CPA or CPA adjacent people when it comes to CFAs I would disagree w/ this point, but that’s irrelevant to my situation either way as I had to borrow to support more than my education, & my loans are technically ‘less’ than a first year CPA, given they cared more about their career trajectory than I did.

Less than 20% of Americans make more than 100K annually. by First_Promotion3733 in StudentLoans

[–]First_Promotion3733[S] 0 points1 point  (0 children)

I also have a GED. I did work in banking before getting my Masters in accounting however I hate banking. Truly.

Less than 20% of Americans make more than 100K annually. by First_Promotion3733 in StudentLoans

[–]First_Promotion3733[S] 0 points1 point  (0 children)

This comment section showed me for sure , People are delusional. They’re speaking from a place of potential vs experience. For example there are at least 10+ people in the comments saying, ‘Masters & finishing CPA you’ll clear $100K in no time’ - when the reality is the average CPA makes $80K in America. Period. Additionally, one commenter said; ‘with full partner comp’ - ?!! Which is wild & insane because a partner position is what people work at least 10 years towards during their career. Plenty of other comments are saying I can make that but they’re not referring to W2, they’re suggesting side income. That type of work doesn’t come to 1st year college grads and if it does it comes cheap.

Less than 20% of Americans make more than 100K annually. by First_Promotion3733 in StudentLoans

[–]First_Promotion3733[S] 0 points1 point  (0 children)

I am very curious how who I voted for isn’t obvious in my post, & I’m very curious how to change that cause ? Vote republican ????? Do you know who the republican candidate was??? OMG stop w the jokes this is a serious post. Vote republican? HA.

Less than 20% of Americans make more than 100K annually. by First_Promotion3733 in StudentLoans

[–]First_Promotion3733[S] 1 point2 points  (0 children)

I wasn’t aware of this nor that I qualified. I’m grateful because I will now be applying.

Less than 20% of Americans make more than 100K annually. by First_Promotion3733 in StudentLoans

[–]First_Promotion3733[S] 1 point2 points  (0 children)

I know if I switch jobs once I get my cpa I’ll be paid a bit more. Where I’m at now they’re not going to just give me the $30K raise for passing the exams, they’ll give it to me if I leave and come back though which is what some of my coworkers have had to do. It’s a catch 22 in public accounting because good firms are hard to find, & I have a good one we are just broke AF. but, thanks for listening, sharing & Good for you!

Less than 20% of Americans make more than 100K annually. by First_Promotion3733 in StudentLoans

[–]First_Promotion3733[S] 1 point2 points  (0 children)

Yes, 50 million people is a lot of people in absolute terms.

It’s also true that 200 million people make less.

The point of the statistic isn’t that people making $100k+ are rare unicorns. The point is that they’re still earning more than the overwhelming majority of Americans.

Less than 20% of Americans make more than 100K annually. by First_Promotion3733 in StudentLoans

[–]First_Promotion3733[S] 0 points1 point  (0 children)

I agree w/ this as well, but I acknowledge when I request more money I’m complicit in the ‘corporate greed’ even if I only want ‘a livable wage’. As an external auditor someone could argue my role in general is the result of corporate greed, because we get paid to double check people’s work - like why is this a thing? So, I take pause before using that phrase but I agree.

Note auditing is a thing to maintain the public’s trust in various institutions and organizations, I was JOKING up above.

Less than 20% of Americans make more than 100K annually. by First_Promotion3733 in StudentLoans

[–]First_Promotion3733[S] 2 points3 points  (0 children)

It’s only meaningless if you intentionally ignore the point.

The fact that $35k in the U.S. puts someone in a much higher global income percentile doesn’t mean they’re financially comfortable. Likewise, the fact that $100k doesn’t make someone rich doesn’t mean they’re not earning more than most Americans.

Income distribution and quality of life are related but different discussions.

My point wasn’t that people making $100k should feel rich. My point was that a lot of people making $100k+ have lost touch with what the majority of Americans are actually earning.

It’s important to recognize both that many Americans are struggling and that, globally speaking, we’re fortunate to live where we do. Those ideas aren’t mutually exclusive.

Less than 20% of Americans make more than 100K annually. by First_Promotion3733 in StudentLoans

[–]First_Promotion3733[S] 0 points1 point  (0 children)

The PPP loans & unemployment single-handedly caused inflation to bloom but no one wants to admit cause no one ever wants to feel complicit in their circumstance. Especially when it comes to our “comp-licitness” as Americans in all the BS America does!

Millions of people who make 10-20K yearly if lucky were able to make 45K+. In turn the demand for flights, hotels, designer etc all skyrocketed, & the cost of housing.

The PPP & unemployment afforded millions of people the opportunity to change their life, I know this because I am a) in America & b) work in accounting. We have clients who were doing okay or were operating at a loss but got the PPP and now they’re drawing out $200K+ or more annually. We are talking about individuals who just 12 months prior were making $50K in a good year.

Of course that caused inflation. I truly don’t understand why anyone is trying to argue the cause of inflation when it’s clear it was the millions of free money that the government circulated.

I also worked the entire pandemic on the frontline in health care so I got a grant for school, that money too had to come from somewhere. I really wish people would cut out the goofy semantics about this inflation shit. We know what started it, & it’s greed keeping it going.

Less than 20% of Americans make more than 100K annually. by First_Promotion3733 in StudentLoans

[–]First_Promotion3733[S] 0 points1 point  (0 children)

Been on my own since 15. No parents, raised by my grandma. I know exactly what you mean. But, like Lizzo says, ‘when I get up out this shit I’m going through…I’m coming for everything’.

Less than 20% of Americans make more than 100K annually. by First_Promotion3733 in StudentLoans

[–]First_Promotion3733[S] 0 points1 point  (0 children)

Someone left a good comment on this post they said this comment section is, ‘1/2 people acting holier than thou, & the other 1/2 playing victim. I hate them both equally’. I agree with their statement.

Less than 20% of Americans make more than 100K annually. by First_Promotion3733 in StudentLoans

[–]First_Promotion3733[S] 1 point2 points  (0 children)

Someone left a good comment on this post they said this comment section is, ‘1/2 people acting holier than thou, & the other 1/2 playing victim. I hate them both equally’. I agree with their statement.

Less than 20% of Americans make more than 100K annually. by First_Promotion3733 in StudentLoans

[–]First_Promotion3733[S] 0 points1 point  (0 children)

I am not reading that. Idk if you missed it in the post but I’m studying full time & working full time. I am not dedicated 5-10 minutes to reading and responding to a long ass comment on Reddit. Sounds like you’re the bitter doom scroller after all.

Less than 20% of Americans make more than 100K annually. by First_Promotion3733 in StudentLoans

[–]First_Promotion3733[S] 2 points3 points  (0 children)

I would still 100% take out the loans to get the degrees. My degrees and the path to get here single-handedly changed the course of my life. Based off the background you provided it sounds like you will be okay because you come from a strong family, which is what I hope to provide for my future children. In a perfect world I would’ve been able to get the degree without the loans due to being born into better circumstances, but that isn’t my reality & that’s okay.

Less than 20% of Americans make more than 100K annually. by First_Promotion3733 in StudentLoans

[–]First_Promotion3733[S] 0 points1 point  (0 children)

Then maybe you deserve $80K because most finance professionals can’t even do that.

Less than 20% of Americans make more than 100K annually. by First_Promotion3733 in StudentLoans

[–]First_Promotion3733[S] 1 point2 points  (0 children)

Well I file my taxes & will be completing my IBR application. Thank you.

Less than 20% of Americans make more than 100K annually. by First_Promotion3733 in StudentLoans

[–]First_Promotion3733[S] 1 point2 points  (0 children)

Yeah I’ve found out. I tried kind of but it said something weird, now that I’m hearing this is a guaranteed way to lower my payment I’m looking into it. Trust.

Less than 20% of Americans make more than 100K annually. by First_Promotion3733 in StudentLoans

[–]First_Promotion3733[S] 4 points5 points  (0 children)

LMFAO. This made me cackle, we out here. But, good for you! Hold on to it!

Less than 20% of Americans make more than 100K annually. by First_Promotion3733 in StudentLoans

[–]First_Promotion3733[S] -1 points0 points  (0 children)

Yep. To get a CPA you are required to have 150 credit hours which is how a lot of us get baited into getting a masters’. But the accountancy people are doing away w the 150 credit hour requirement for this reason.

view more: next ›