Search found 155 matches

by Pacman
Sat Sep 15, 2018 10:31 pm
Forum: Personal Finance (Not Investing)
Topic: Single Family Homes in Chicago?
Replies: 25
Views: 2453

Re: Single Family Homes in Chicago?

If you want a suburban-feeling neighborhood within the city, consider Beverly (on the southwest side) and Forest Glen, Edgebrook (not the same as Edgewater), and Wildwood (all on the northwest side). These neighborhoods share several characteristics. They have nice houses on large lots at relativel...
by Pacman
Tue Sep 11, 2018 7:49 pm
Forum: Personal Finance (Not Investing)
Topic: New Job (1st Management Role)
Replies: 30
Views: 2883

Re: New Job (1st Management Role)

For context, I am a previous big four cpa who has been a manager in both corporate accounting and fp&a at a megacorp. I actually think you are worried about the wrong thing. For a first management job, accounting is as straight-forward as you can get as you can always research or ask colleagues for ...
by Pacman
Thu Aug 30, 2018 1:56 pm
Forum: Personal Consumer Issues
Topic: Piano for a child
Replies: 60
Views: 3067

Re: Piano for a child

You can likely get a free piano on craigslist, if you can find a way to transport it out of the person's home. You will have to pay money to get it tuned though.
by Pacman
Tue Aug 28, 2018 11:02 am
Forum: Personal Finance (Not Investing)
Topic: Career Advice {CPA to ...}
Replies: 8
Views: 874

Re: Career Advice {CPA to ...}

As a fellow CPA, i think an FP&A role at a big company would be more appropriate for your background, and one that involves heavy Excel modeling. My take is that you will be a step behind in either data analytics or cyber security. IMO, interesting roles in data analytics are given to people with st...
by Pacman
Sun Aug 05, 2018 9:31 am
Forum: Personal Finance (Not Investing)
Topic: "Skin in the game"
Replies: 105
Views: 7306

Re: "Skin in the game"

When I went to college, I felt I had skin in the game even though I wasn't financially contributing. My parents covered the whole thing and let me use their credit card for anything else like food. However, they made it clear that they were only paying for 4 years worth of college and that it was co...
by Pacman
Wed Aug 01, 2018 8:56 pm
Forum: Personal Consumer Issues
Topic: Best schools for an IB internship
Replies: 17
Views: 1459

Re: Best schools for an IB internship

In the midwest, I saw plenty of kids get into IB from Indiana University and University of Illinois.
by Pacman
Fri Jul 27, 2018 10:31 am
Forum: Personal Finance (Not Investing)
Topic: Any Accountants here?
Replies: 10
Views: 1333

Re: Any Accountants here?

If you have the chops for math, I would actually recommend looking into getting an Accounting PHD. Because the job market is strong for CPAs, there is a huge shortage of accounting academics, and a result, starting salaries for accounting phds are well into the six figures.
by Pacman
Tue Jun 26, 2018 3:13 pm
Forum: Personal Consumer Issues
Topic: Family dynamics/in laws/am I being petty?
Replies: 143
Views: 7580

Re: Family dynamics/in laws/am I being petty?

I've been in this situation many times before, particularly when the other side of the family orders rounds and rounds of expensive drinks knowing that the bill will be split. For those saying just to pay extra money in order to keep "family peace," this is the route I take. However, in reality, onl...
by Pacman
Sun Jun 24, 2018 1:07 pm
Forum: Personal Finance (Not Investing)
Topic: Thoughts on Canadian Universities [Dual US / Canadian citizen]
Replies: 33
Views: 1952

Re: Thoughts on Canadian Universities [Dual US / Canadian citizen]

Is it true that Canadian universities are harsher with grading & curves, etc.
by Pacman
Mon Jun 18, 2018 12:07 am
Forum: Personal Consumer Issues
Topic: how to make friends in new location?
Replies: 96
Views: 8731

Re: how to make friends in new location?

OP - I can somewhat relate. I'm married, early 30s and also somewhat of a monk in that I don't NEED to have social plans all the time. Some people might say this is sad, but I haven't made a new "close" friend since college. I don't necessarily having a burning desire to do so either. From talking t...
by Pacman
Fri Jun 15, 2018 4:45 pm
Forum: Personal Consumer Issues
Topic: I am STUNNED over how much help my friends recieved with house purchase!
Replies: 47
Views: 4109

Re: I am STUNNED over how much help my friends recieved with house purchase!

I don't think the OP is necessarily jealous about this. It's just surprising how often this takes place. I'm early 30s in a relatively high COL area and didn't even know this was a thing until recently. Frankly, I'm almost embarrassed for my friends who took their parents money for a downpayment. So...
by Pacman
Thu Jun 07, 2018 5:22 pm
Forum: Personal Consumer Issues
Topic: daughter wants a college transfer?
Replies: 65
Views: 5556

Re: daughter wants a college transfer?

I went to a large university with a lot of fraternities/sororities. That environment can be brutal when you're not part of it, and you can pretty much guarantee that her old friends won't make much time for her now since they are busy with greek life. If I had to do it over, I would have gone elsewh...
by Pacman
Sat May 26, 2018 11:18 am
Forum: Personal Finance (Not Investing)
Topic: Professional negotiator
Replies: 21
Views: 2568

Re: Professional negotiator

I will share 2 thoughts: 1) I have a friend with a part-time CPA practice. His clients pull him into everything from negotiating real estate and even buying cars. I have no idea if other small time CPAs are utilized in the same way, but the advantage here are that clients trust him with finances. 2)...
by Pacman
Wed May 23, 2018 3:16 pm
Forum: Personal Finance (Not Investing)
Topic: Purchasing a house, downpayment vs. retirement and other considerations
Replies: 170
Views: 8476

Re: Purchasing a house, downpayment vs. retirement and other considerations

I'm sure the in-laws are well-intentioned and generous people; but I would just feel strange taking money from my in-laws and would be worried about the power dynamic of the relationships changing. If they are financially savvy, they have probably given thought about how to structure gifts in the ev...
by Pacman
Tue May 22, 2018 4:07 pm
Forum: Personal Consumer Issues
Topic: How have you upgraded your wardrobe?
Replies: 104
Views: 6646

Re: How have you upgraded your wardrobe?

IMO, if you are not client facing or looking to move up the corporate, you don't need to upgrade your wardrobe. I personally go with brooks brother slim fit, kirkland dress pants, and Allen Edmunds shoes (~$200 pair when on discount). Whatever you do, don't make the mistake of buying a pair of high-...
by Pacman
Sat May 12, 2018 10:11 am
Forum: Personal Finance (Not Investing)
Topic: Lucrative careers?
Replies: 423
Views: 39852

Re: Lucrative careers?

OP - If you plan to do a business related undergrad, accounting would be a decent choice. Like you, I was terrible at math but okay at accounting since I like counting money :-). You don't need to be a genius to do well in this profession. Passing the CPA just took time commitment, and moving up the...
by Pacman
Tue May 08, 2018 10:40 pm
Forum: Personal Finance (Not Investing)
Topic: How to handle problem employee
Replies: 84
Views: 6125

Re: How to handle problem employee

Not everyone in corporate america is a high performer - that's just the way it is. I'm actually a bit concerned that as a new manager, you just want to fire the person, versus adapt your approach. I'm a relatively new manager with a few difficult employees and encountered the similar situations as y...
by Pacman
Mon Apr 23, 2018 5:32 pm
Forum: Personal Finance (Not Investing)
Topic: Salary Negotiation gone sour
Replies: 98
Views: 10863

Re: Salary Negotiation gone sour

Get a new 3rd party recruiter. They are not being upfront with you.
by Pacman
Fri Apr 20, 2018 1:34 pm
Forum: Investing - Theory, News & General
Topic: NYT article: Everyone should hire a financial planner
Replies: 103
Views: 10401

Re: NYT article: Everyone should hire a financial planner

Maybe not everyone, but A LOT of people should hire a financial planner. All of my peers have a college degree and most have graduate degrees, but many aren't maxing out tax-advantaged space, or have their 401k in mutual funds with front loaded fees and high expense ratios, or have whole life rathe...
by Pacman
Sat Apr 07, 2018 8:09 am
Forum: Personal Consumer Issues
Topic: "The Secret"
Replies: 19
Views: 2923

Re: "The Secret"

I suspect The Secret will get some criticism by other posters, due to way it was marketed. However, I do think there is a lot of value in trying to formulate the right psychological mindset for achieving your goals - whatever that means for you. Through my 20s, I felt like my mindset/habits were act...
by Pacman
Tue Mar 20, 2018 11:13 am
Forum: Personal Finance (Not Investing)
Topic: Was my experience with a CPA typical?
Replies: 23
Views: 4296

Re: Was my experience with a CPA typical?

I'm a CPA and worked at a small tax firm briefly. There are firms that take anyone (and do high volume) and those that specialize in specific areas such as real estate, dentists, attorneys, construction, etc. If you go to a 'generalist' - they may not be experts in your situation and will have to re...
by Pacman
Mon Mar 19, 2018 10:32 am
Forum: Investing - Theory, News & General
Topic: Incredibly sleazy Northwestern Mutual cold caller
Replies: 78
Views: 8821

Re: Incredibly sleazy Northwestern Mutual cold caller

If I had a company where I needed salespeople, I would hire this person.
by Pacman
Fri Mar 16, 2018 10:16 am
Forum: Personal Finance (Not Investing)
Topic: How does everyone here earn so much?
Replies: 131
Views: 8285

Re: How does everyone here earn so much?

OP - Keep in mind that some of the incomes posted are household income. With 2 working adults, that is $100K a person which is still great money, but not on the same level as $200K a person. Secondly, there are alot of helpful people on this forum who never feel the need to post their own financial ...
by Pacman
Thu Mar 15, 2018 12:27 pm
Forum: Personal Consumer Issues
Topic: Tips on saving on living expenses for a first time single householder
Replies: 46
Views: 3659

Re: Tips on saving on living expenses for a first time single householder

The best advice that I could give you is to spend $500 or so on three high quality knives and some basic pieces of high quality cookware, including a nice cast iron pan, and basic kitchen equipment. You can use them for the rest of your life. You can use plates, silverware, and glassware from thrif...
by Pacman
Wed Mar 14, 2018 3:01 pm
Forum: Personal Finance (Not Investing)
Topic: Need advice re: Liberal Arts Colleges...
Replies: 235
Views: 14287

Re: Need advice re: Liberal Arts Colleges...

Lots of myths that need busting... 1. It is a myth that undergrad B-School degrees get you a high-paying job. MBA degrees might, but undergrad B-School degrees tend to lag behind the liberal arts and stem degree holders. 2. Some STEM degrees lag behind some liberal arts degrees in terms of lifetime...
by Pacman
Tue Mar 13, 2018 5:45 pm
Forum: Personal Finance (Not Investing)
Topic: Accountant not doing taxes while you are there
Replies: 53
Views: 6714

Re: Accountant not doing taxes while you are there

As a CPA, I'm hearing unrealistic expectations. Do you really want your accountant to get you in and out in 30 minutes? I know some accountants run their firms like fast food restaurants and get people in and out that quickly, but I think your more likely to see mistakes that way... heck, I can't ev...
by Pacman
Tue Mar 13, 2018 9:18 am
Forum: Personal Consumer Issues
Topic: Tax software recommendation for CPA
Replies: 7
Views: 1007

Re: Tax software recommendation for CPA

I would recommend you ask this over at the forums over at taxprotalk.com. There is some advanced software that lets you pay per return, so you are not paying a ton of money upfront.
by Pacman
Mon Mar 12, 2018 1:41 pm
Forum: Investing - Help with Personal Investments
Topic: Amount saved by age
Replies: 58
Views: 9005

Re: Amount saved by age

I really like the madfientist podcasts. There is a good one from kitces http://pca.st/hfNT. Minimize your major recurring costs to maximize your savings. Before making big purchases calculate cost, time saved, cost per hour of gained/lost free time, increased salary, cost per use. Houses, apartment...
by Pacman
Sun Feb 25, 2018 2:39 pm
Forum: Personal Consumer Issues
Topic: Value of an Elite MBA
Replies: 58
Views: 6399

Re: Value of an Elite MBA

I would be most interested in hearing from people who attended an Elite MBA and regretted it. I know they are out there.
by Pacman
Mon Feb 19, 2018 1:51 pm
Forum: Personal Finance (Not Investing)
Topic: Sister is a good saver...she wants to buy a house now
Replies: 9
Views: 1061

Re: Sister is a good saver...she wants to buy a house now

Is your sister okay with you posting her financial stats on the internet?
by Pacman
Mon Feb 19, 2018 10:36 am
Forum: Personal Consumer Issues
Topic: Do you wear a wedding band? [at a job interview]
Replies: 157
Views: 11082

Re: Do you wear a wedding band? [at a job interview]

OP -

I am an early 30s male who is married. The only time I ever wear my wedding band is on interviews. As I am competing with older people for positions, who are already married and have kids, I would look younger and immature without a wedding band.
by Pacman
Sun Feb 11, 2018 12:35 pm
Forum: Personal Consumer Issues
Topic: Do you think it is worth the money to travel to warm weather destinations during the winter?
Replies: 77
Views: 7410

Re: Do you think it is worth the money to travel to warm weather destinations during the winter?

I think spring training baseball in AZ is overrated and overpriced. I do like the gulf coast beaches in Florida, however. As Sperry mentioned above, get into the Credit Card rewards game. One other thing I do to save money on these trips is just to drive straight through to the location from the Mi...
by Pacman
Sun Feb 11, 2018 12:07 pm
Forum: Personal Consumer Issues
Topic: Do you think it is worth the money to travel to warm weather destinations during the winter?
Replies: 77
Views: 7410

Re: Do you think it is worth the money to travel to warm weather destinations during the winter?

I think spring training baseball in AZ is overrated and overpriced. I do like the gulf coast beaches in Florida, however. As Sperry mentioned above, get into the Credit Card rewards game. One other thing I do to save money on these trips is just to drive straight through to the location from the Mid...
by Pacman
Sun Feb 11, 2018 12:02 pm
Forum: Personal Finance (Not Investing)
Topic: Family expecting “comps”
Replies: 38
Views: 5272

Re: Family expecting “comps”

Assuming you're not telling family members: "come on by! We'll take care of you" - then yes they are being unreasonable.
by Pacman
Mon Jan 22, 2018 6:24 pm
Forum: Forum Issues and Administration
Topic: Doesn't seem like people respond to portfolio assessments like they did a few years ago.
Replies: 105
Views: 12523

Re: Doesn't seem like people respond to portfolio assessments like they did a few years ago.

WCI has interesting points. For what its worth, I looked at your portfolio assessment post, and even as a CPA, its a lot of work to digest your situation and then provide recommendations. Easily 30 minutes worth of effort. If you feel you need customized advice and can't find other similar situation...
by Pacman
Fri Jan 19, 2018 9:33 pm
Forum: Personal Finance (Not Investing)
Topic: CPA Careers
Replies: 10
Views: 1689

Re: CPA Careers

There are many career options available such as working in public accounting in audit/tax/consulting, working at a big company in the finance or accounting department, or even working at a government agency like the IRS. If you come out of a school with decent recruiting options (such as a big state...
by Pacman
Fri Jan 05, 2018 3:11 pm
Forum: Personal Finance (Not Investing)
Topic: Accounting question - "Cash Equivalents" for organization
Replies: 30
Views: 1347

Re: Accounting question - "Cash Equivalents" for organization

SEC has one standard, GAAP, state boards, etc. have slightly different standards. This is a very confusing statement. Are you trying to say investment funds regulated by the SEC might have different standards for cash & equivalents? The OP is not running an investment fund. I think is just saying t...
by Pacman
Fri Jan 05, 2018 2:19 pm
Forum: Personal Finance (Not Investing)
Topic: Accounting question - "Cash Equivalents" for organization
Replies: 30
Views: 1347

Re: Accounting question - "Cash Equivalents" for organization

I would double check the accounting standard. There should be some documentation on why that standard is that standard. From my experience, cash equivalents are bonds with maturities under a year. This better reflects economic reality. However, this is more complex than bonds issued with less than ...
by Pacman
Tue Dec 26, 2017 10:37 pm
Forum: Investing - Help with Personal Investments
Topic: Can I afford a $600-650k house?
Replies: 60
Views: 8034

Re: Can I afford a $600-650k house?

What's the big rush to buy a house? I'm honestly surprised you even bought a condo. It sounds like you are fearful of increasing housing prices or something, but in any case, you are not in the stage of life where you should be moving to a SFH. Wait until you actually have kids and when the school d...
by Pacman
Tue Dec 26, 2017 10:16 am
Forum: Investing - Theory, News & General
Topic: How much should 20-30yr olds have in their 401s? And which funds?
Replies: 5
Views: 1397

Re: How much should 20-30yr olds have in their 401s? And which funds?

OP - I don't think you are asking the right question. If you try to give pointers to your kids on what their 401K should be at certain ages, they might interpret this as not needing to save anything outside of the 401K. A more relevant question is what their savings rates should be and perhaps their...
by Pacman
Thu Dec 21, 2017 10:29 am
Forum: Personal Consumer Issues
Topic: New job offer - background check
Replies: 140
Views: 9008

Re: New job offer - background check

OP - I personally wouldn't bring up the topic you are concerned about unless specifically asked. I think you just need to say to the hiring company: "Can you confirm that the HR department has completed all required paperwork and checks so I can give my current employer 2 weeks notice?" This will le...
by Pacman
Wed Dec 13, 2017 4:42 pm
Forum: Personal Consumer Issues
Topic: Who is Right Me or Spouse
Replies: 51
Views: 3636

Re: WHO IS RIGHT ME or SPOUSE

I'm surprised by some of the responses. Continue giving your 4 grandchildren $100 each, and then give the spouses of the grandchildren a token gift (if you want). You don't need to give the spouses of the grandchildren $100 also - that is crazy.
by Pacman
Sun Dec 10, 2017 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford to live on one income?
Replies: 70
Views: 6526

Re: Can we afford to live on one income?

A couple other things I would think about that haven't been mentioned: - Is there a plan for your wife to ever go back to work? - Will you be doing public or private schools for the kids? - What was the original goal for the money you acquired? Is this decision in line with that original goal? - Age...
by Pacman
Thu Dec 07, 2017 5:37 pm
Forum: Personal Finance (Not Investing)
Topic: CPA: The best profession if you want to make the most money + keep the most money?
Replies: 62
Views: 7794

Re: CPA: The best profession if you want to make the most money + keep the most money?

Weren't you the guy posting about a month ago who runs a tutoring business but wants to go to medical school? I'm not sure whether to take this post seriously, because of some of the phrasing such as "extremely rich" which honestly sounds immature. But anyway, I am a CPA and would recommend it only ...
by Pacman
Tue Dec 05, 2017 3:34 pm
Forum: Personal Finance (Not Investing)
Topic: Received promotion offer at work and trying to negotiate the pay increase portion.
Replies: 37
Views: 3880

Re: Received promotion offer at work and trying to negotiate the pay increase portion.

Are you getting a higher title as part of the promotion? If so, I would just take the offer and then use that to get even high offers in the market.
by Pacman
Mon Dec 04, 2017 1:31 pm
Forum: Local Chapters and Bogleheads Community
Topic: @@Happy Holidays Bogleheads. How others here helped you?
Replies: 49
Views: 4934

Re: Thanking Bogleheads. How have they helped you. . . or others? Who have you learned what area of advice from?

Well I will post a few that haven't been mentioned: mlebuf - introduced me to the concept of building a 2nd career on the side and retiring early. investingdad - reinforces the power of investing early and often, and that you can just stick to the basics to build wealth over time tommy_gunn - anythi...
by Pacman
Sun Dec 03, 2017 10:41 am
Forum: Personal Finance (Not Investing)
Topic: Housing Heuristics - Rising Income
Replies: 15
Views: 1435

Re: Housing Heuristics - Rising Income

I think you should equally consider the possibility of decreasing income. As soon as the baby comes around, I've seen parents drastically scale back from work and go part time, or even stop working entirely for a few years. And in many of these cases, it wasn't even planned in advanced.
by Pacman
Sat Dec 02, 2017 12:28 pm
Forum: Personal Finance (Not Investing)
Topic: How do I convince my employees to invest more?
Replies: 92
Views: 6211

Re: How do I convince my employees to invest more?

I know alot of really smart people (i.e. ivy leaguers) who think 401Ks are a scam for some reason.
by Pacman
Fri Dec 01, 2017 4:41 pm
Forum: Personal Finance (Not Investing)
Topic: The College Bubble - investment opportunities after the collapse?
Replies: 114
Views: 9412

Re: The College Bubble - investment opportunities after the collapse?

If this is what you truly believe, then don't allow your kids to go to college and invest those savings.
by Pacman
Thu Nov 30, 2017 9:23 pm
Forum: Personal Consumer Issues
Topic: housing for in-laws
Replies: 48
Views: 4206

Re: housing for in-laws

You can rent office space at a shared collaboration space for cheap or get your own office somewhere nearby. I did this for a time period as it was cheaper than buying another home or upgrading your current home.