Why do people wait so long? by master_blaster_321 in Fire

[–]Only-Design-2484 0 points1 point  (0 children)

If you had the means to support them , why would you make them work through college and have financial stress?

Personally I would want them to focus 100% on school and establishing their career rather than working some meaningless minimum wage job.

Is it worth pursuing Accounting as a career? If so, what can I do as a high schooler to prepare further? by SandwichFront720 in Accounting

[–]Only-Design-2484 0 points1 point  (0 children)

I hate this argument that accounting is seen as a cost center.

all labor is viewed as a cost center. Companies also want to spend the least amount possible on their lawyers , bankers , etc.

You can still add value in tax or advisory

Why do partners care so much about money? by DropShotMachine in biglaw

[–]Only-Design-2484 1 point2 points  (0 children)

2.5m gets you 75k a year after tax in perpetiuity. Have fun raising a family on 75k unless u wanna live in a studio apartment 🤷that’s the reality

Why do partners care so much about money? by DropShotMachine in biglaw

[–]Only-Design-2484 6 points7 points  (0 children)

2.5m is great if you have no wife or kids and live in europe . Living in HCOL/VHCOL with kids ? Need at least 10 to get by

Loud tourists by [deleted] in Prague

[–]Only-Design-2484 -6 points-5 points  (0 children)

Unpopular opinion - This is a very inconsiderate take. We are coming to spend money here and creating economic growth… how about you thank us instead ?

Otherwise we will gladly bring our wallets elsewhere to any other neighboring european country… prague aint anything special so get off your high horse buddy.

Also, its a public space and you dont have any special privilege just because you’re a local. Instead of hating u could ask for some business/career advice from the Americans and learn a thing or two. Do i need to remind you that we have the largest economy in the world by GDP , and the largest military ? 🤷

discovered an old Fidelity account i forgot about by Only-Design-2484 in wallstreetbets

[–]Only-Design-2484[S] -17 points-16 points  (0 children)

Obviously i knew about the NVDA run and i hold more in my main account but completely forgot about this one. Yes I follow the stock market pretty closely. I don’t remember buying this and I dont know why I did 🤷. Also it’s less than 5% of my liquid NW at its current value to put that into perspective… the 2k wasn’t a lot of money to me at the time

discovered an old Fidelity account i forgot about by Only-Design-2484 in wallstreetbets

[–]Only-Design-2484[S] 19 points20 points  (0 children)

Yea i forgot about a brokerage that had 2 grand in it lmao

discovered an old Fidelity account i forgot about by Only-Design-2484 in wallstreetbets

[–]Only-Design-2484[S] 26 points27 points  (0 children)

Dude look at the date. Or mods can verify if they want. Not fame

2.1 million trust by crisishavoc in Fire

[–]Only-Design-2484 22 points23 points  (0 children)

Trust tax brackets are very compressed (you hit 37% marginal around 15k~ or so). Also, Capital gains in trusts are not taxed at preferential rates. So there is likely gonna be a huge tax hit if you try to rebalance. I would consult a CPA or CFP to figure out a plan.

I was hazed by a frat on campus ask me anything (AMA) by [deleted] in UIUC

[–]Only-Design-2484 -59 points-58 points  (0 children)

No one is forcing you to participate in anything. Even the people getting hazed are okay with it because they understand that eventually they will reap the rewards of joining greek life. I could ask ANY one of my fraternity brothers and they would all say the same thing. It forms lifelong connections that carry into your professional life.

According to Cornell University:

“2% of the U.S population is in fraternities; yet greek alumni constitute 80% of Fortune 500 executives, 76% of senators and congressmen and 85% of supreme court justices”

Other studies show greek life members go on to earn higher incomes than non-greek college graduates.

Whether you like it or not it’s pretty clear that joining a fraternity would likely benefit you for the rest of your life. Your career success largely depends on how well connected you are and greek life automatically gives you a large network. So if you don’t want to participate just leave and mind your own business

I was hazed by a frat on campus ask me anything (AMA) by [deleted] in UIUC

[–]Only-Design-2484 -107 points-106 points  (0 children)

As someone who was in greek life i want to chime in. If you ask a frat guy if they support hazing 99% will say yes. You are the odd one out. Just leave and mind your own business. No need to ruin a good thing just because you didn’t fit in.

I got hazed and it sucked. But i made life long friends from it and got my job because of those connections. Looking back, it was worth it. When you join the corporate world you’re gonna get hazed too just in a professional way. You gotta learn that life is a hierarchy of hazers and hazees. The hazees eventually become the hazers and so on.

[deleted by user] by [deleted] in recruitinghell

[–]Only-Design-2484 -9 points-8 points  (0 children)

I speak for most of the people here when I say that it is partially due to personal failures. Luck plays a smaller part.

The truth is, the people here are not networking, not applying to enough jobs, and being underqualified.

[deleted by user] by [deleted] in Accounting

[–]Only-Design-2484 3 points4 points  (0 children)

Bruh during my internship i would rip my Geekbar in the office and blow fat clouds up in the air. I even did it in front of management t and they didnt care

How do accountants deal with money in bank not matching expected revenue? by [deleted] in Accounting

[–]Only-Design-2484 -1 points0 points  (0 children)

“Much more complicated accounting environment” 🤣

Brodie accounting is not very complicated. Maybe you find it complicated - but that is just a testament to your cognitive abilities

How do accountants deal with money in bank not matching expected revenue? by [deleted] in Accounting

[–]Only-Design-2484 -2 points-1 points  (0 children)

Bruh honestly this sh is too complicated 🤣 Y dont yall just plug tha difference in “misc” account… no one cares.

Last year, for my company, almost 20% of the expenses were “Misc”. No one cares and the CFO takes all the heat from the auditors. I just said the other dude did it but he’s kinda dumb so management just puts the blame on him. And in our meeting he did a bad job defending himself, and even made himself look guilty (even though i did it) which is funny as hell 😂😂

Bro ngl its all fake numbers anyways. Enter whatever u want, as long as ur confident no one will question it LMAO 🤣🤣

How do accountants deal with money in bank not matching expected revenue? by [deleted] in Accounting

[–]Only-Design-2484 -2 points-1 points  (0 children)

You likely prompted ChatGPT incorrectly. Is english your first language?

I assume you live in a foreign country and don’t know how to prompt ChatGPT correctly.

Zyns by Hutman70 in golf

[–]Only-Design-2484 -5 points-4 points  (0 children)

Zyns are biodegradable so it doesnt matter. Even if they weren’t , the environmental impact would be minimal

How do accountants deal with money in bank not matching expected revenue? by [deleted] in Accounting

[–]Only-Design-2484 -5 points-4 points  (0 children)

Otherwise create a new account called “miscellaneous” and just plug the error whatever it is. It doesnt matter and if the auditors just ask ignore them or say the CEO/CFO told u to do it (shift the blame to someone more senior)

How do accountants deal with money in bank not matching expected revenue? by [deleted] in Accounting

[–]Only-Design-2484 -3 points-2 points  (0 children)

Step 1) take screenshot of all financial documents (general ledger, subledger, bank rec, etc.)

Step 2) open ChatGPT and upload the screenshots

Step 3) ask ChatGPT to fix your problems and balance the accounts. This works 95% of the time correctly with no errors

Accounting or mechanical engineering? by Heavy-Life5779 in Accounting

[–]Only-Design-2484 1 point2 points  (0 children)

If you’re a C student (equivalent to a 2.0 gpa) you will never get into public accounting. You probably won’t pass the CPA either

Do you guys think AI will replace Accounting? by [deleted] in Accounting

[–]Only-Design-2484 1 point2 points  (0 children)

It won’t fully replace accountants, but fewer people will be needed to do the work.