CPA - Is Becoming a CPA Worth It?

Becoming a Chartered Professional Accountant (CPA) is a major undertaking, Matt and Mit from Mit CPA share their experience becoming a CPA as well as share some tips and tricks they wish they'd learned before becoming CPAs.
If you enjoyed: How to Become a CPA and Tips for Young CPA's - Chartered Professional Accountants - SMASH that LIKE BUTTON!
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FIREpreneur: A person who has reached (lean) FIRE and uses this freedom as a springboard to operate a business or organization, taking on no significant risk (due to lean FIRE).
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Matt McKeever is a CPA, CA and Real Estate Entrepreneur in London, Ontario. On this KZbin Channel Matt discusses a variety or real estate and personal finance strategies and tactics. Including: How to BRRRR Real Estate, The Importance of Investing for Cash Flow, How to Reach Financial Independence Retire Early, Safe Withdrawal Rates, Frugality and Reducing Personal Consumption & Embracing Minimalism.
Matt began investing in real estate at age 25 by purchasing a student rental near Fanshawe College.

[@ravennechole1324]

This just validated that I’m on the right career path. I literally said I want to become a CPA my senior year so that I can invest in real estate

[@CPACareerPaths]

It’s great when you know exactly what you want! 👍👏🎊🎉😉

[@steffanie6569]

Thank you!!! I seriously want to become a CPA, and this really convinced me that this is the career path for me. I sometimes feel like I waited too long, but I can’t let that stop me

[@CPACareerPaths]

Yeah!! Go for it!! 👍😉🎉

[@dominiquechenard8917]

Great video!!! So many good points! I truly think going the CPA route showed me how to equally look at the numbers as well as the big picture - cause the numbers only tell you so much, but you have to learn to step back and look at the situation as a whole and involve qualitative factors as well into your decision making (in real estate that would include your personal preference for tenants, your ability to do renos yourself/the connections you have, your other goals and how they complement or get in the way of your real estate ventures)

[@lunamorris2091]

Your videos are very useful and provide lots of information. I have received lots of help after watching this post, please continue to share this kind of information. Thank you.

[@CanadianRealEstateChannel]

Thank you so much for following us on your journey and taking action! #problemsorprofits

[@marinellachara3193]

Thank you so much for sharing that knowledge. You both have organised my future 🙏🙏🙏

[@CanadianRealEstateChannel]

Thank you so much for the wonderful comment! Don't forget to subscribe because we have LOTS of great content to help you grow and become financially free!

[@xoOoxLuLuxoOox]

Matt MacKeever you’ll be remembered as the dude convinced me to CPA. After two years of trying to decide what to do with myself

[@CanadianRealEstateChannel]

Thanks! This comment means a lot to me!

[@MandoTrades]

I appreciate you guys for putting out this information in your perspective. I have always been interested in real estate investing as well

[@JeffWybo]

Love listening to Mit and love calling him having him help me out! More Mit!

[@CanadianRealEstateChannel]

Thanks Jeff!

[@maianhha844]

I’m gonna yell THE CONTENT IS IMMACULATE thank you sooo muchhhh

[@CanadianRealEstateChannel]

Haha - thanks!

[@MoneyMakingJake]

I see what he did there “you can excel”

[@CanadianRealEstateChannel]

Hahahahaha

[@beric4895]

This is why I think accounting is lame. Even the jokes are lame as hell

[@ny2la498]

I needed this video

[@CanadianRealEstateChannel]

Thanks for watching and for the comment! Much appreciated!

[@javid_khan]

Amazing content Matt! I'm a CPA in my 4th year as an auditor with a regional firm and 100% agree with what you say. I've always been interested in real estate and am about to buy my 2nd property (first investment property). Also, I'm currently interviewing for an assistant controller position with a large home builder to make my exit from public accounting. Do you have any advice as I make this transition? I'm really excited that there is a resource like yours that is pretty much laying the blueprint for exactly what I have always wanted to do!

[@Philippecamire]

3rd year accounting student tuning in from Ottawa. Love the real estate content paired with CPA expertise. I truly believe there's an added value given the amount of unverifiable claims that are made right left and center concerning real estate on social media/KZbin

[@CanadianRealEstateChannel]

Thanks! I really appreciate the kind words!

[@trustme2001]

I'm currently working on getting my bachelor's in accounting. I know it's going to be hard to get my CPA but after watching this video I know it's going to be worth it.

[@CPACareerPaths]

CPA license will take you far in your career.

[@anoshkrishnamoorthy6546]

Awesome video. I am currently doing my CPA hopefully will be done by next year. This video just reassured me that i made the right choice.

[@CanadianRealEstateChannel]

Glad to hear it Anosh! Thanks for commenting!

[@CPACareerPaths]

Good luck on your CPA journey!

[@jamieg4254]

Starting my undergrad next year this video for very informative and motivating.

[@CanadianRealEstateChannel]

That’s awesome! Thanks for commenting

[@CPACareerPaths]

Great content. I love the fact that you retired at the age of 31 because of the real estate investment. I have a real estate license, but being an auditor makes me so busy that I have no time to practice my real estate license.

[@KellanJames]

Accounting and analyzing real estate deals seem to go very well together - we're all spreadsheet junkies. It can also put you in front of some very successful people, and they can teach you about HOW they're making so much money!

[@7master1]

Great video! Thank you for sharing your insights on becoming a CPA. You and Mit emphasize that the exposure and experience you get from a CPA can help you pursue creative endeavors, understanding the inner workings of a variety of businesses, etc. I have the impression that this is one of the advantages of public accounting vs industry. I am more interested in the idea of industry rather than public, but would industry experience still provide the benefits you discussed sufficiently (relative to public practice)?

[@devinmccray8207]

Graduated with an accounting degree at age 23. Took a job outside of accounting and now I am 26. I am highly considering getting the remaining credits need to take the CPA exam!

[@CPACareerPaths]

Why not?! CPA license will take you far in your career.

[@simonbaek6379]

I just wrote 2019 CFE day 2 today and day 3 will be tomorrow. I am going to sleep listening to this. from London.

[@Randomguy-kn3nv]

Transferring to a four state university to major in accounting, really inspirational. Gotta climb up the ladder to cpa fast enough before a lot of stuff automated 😂

[@CanadianRealEstateChannel]

😆 thanks for watching and commenting!

[@CPACareerPaths]

Smart plan. Haha.

[@mohammedosman88]

Thank you guys.

[@nomercy2968]

One question: Whatever review course you used. I see that some offer video classes (extra $$). Where they useful to you, or textbooks and MCQ were sufficient? Thank you.

[@aL3CnR]

Hello, Great video! i have a question if you can please answer me. I'm a finance student ill graduate in 2021, but currently on an accounting internship in a CPA firm, I am stuck between two ideas either complete masters in finance (super affordable in my country Lebanon, public university but ranked decently) or go for a CPA (3YEARS) after graduating. Personally i like both accounting & finance even i have been investing/trading since 2019. I thought that doing a CPA is better since ill have 3years experience when i finish it but if i go to MS finance ill have 0 experience, (not easy to find part-time internships). I searched a lot but people only compare CPA to Masters in accounting, not Finance. I am good in both & I like both. which one should i pursue? Thanks in advance

[@Gluteus.Maximus]

Thanks for the info! I actually started getting a minor in accounting this semester.

[@CanadianRealEstateChannel]

That’s awesome!

[@dianedadabaeva2173]

Thank you great and informative video

[@CanadianRealEstateChannel]

Glad to hear you got value!

[@archiesingh477]

Great video matt. Any advice on which university i should go to for pursuing my CPA

[@ellene.8558]

What do you think about the automation in the accounting field? Do you think that will harm the employment in the accounting field?

[@lavishventure4880]

Which skill do u think will have better exit opportunities, into real estate development/investor?? audit or tax at a public accounting firm

[@CPACareerPaths]

I would say audit at public accounting. You have a better picture about the financial statements about real estate as an auditor as well as experience in different real estate investments.

[@lavishventure4880]

CPA Career Paths thnx so much. Can u do a video on the most cost-friendly way to obtain the CPA (150) credit requirement?

[@CPACareerPaths]

Lavish Venture Thank you for your recommendation. I will work on this topic anytime soon.

[@TheSAD999]

My aunt is a cpa and she makes some good money haha. I'm going to hopefully start school to work towards my cpa

[@Shanique.Collins]

Love this!!! Please, more business stuff

[@CanadianRealEstateChannel]

Thanks for the feedback - what specifically are you looking for in regards to more business stuff?

[@newhorizon4610]

Thank you! That's such a great video! I have one question about CPA. I feel founding business is composed of three components; creativity, management, and capital. For instance, if one had creativity , would you think him having CPA would be beneficial if he started his business?

[@CPACareerPaths]

Yes, I would think so because he has the foundation of the business as being a CPA and then he also has creativity as the development of the business. It’s a great combination.

[@newhorizon4610]

@@CPACareerPaths Thank you very much! Another question I have is, English is not my native language, but do you think it'd be just a waste of time to study second foreign language while studying for CPA? I'm interested in second foreign language, French for my potential future career in accounting, but I've been wondering if I should just focus on CPA or this is something I could keep balance with both.

[@CPACareerPaths]

New Horizon Learning another foreign language is a long-term process (could take you years to be fluent) while passing the CPA exam is a short-term process (need to complete all 4 parts in 18 months). I would suggest to mainly focus on the CPA exam to pass all 4 parts first and to spend a little bit of time (10-15 minutes everyday ONLY) studying French at the same time. Learning another language requires you to practice frequently and continuously. Once you pass the CPA exam, you can invest all your time in learning French.

[@newhorizon4610]

@@CPACareerPaths OK. Thank you! So, let me just make sure if I understood you. Pass CPA exam first without studying French, and then start investing my time on French after getting CPA done?

[@CPACareerPaths]

New Horizon For example, if you have 4 hours studying everyday, I would suggest to spend 3 hours and 45 minutes on the CPA exam and only 15 minutes on French language. After you pass the CPA exam, you could spend all 4 hours on French language.

[@mp-sv2cp]

Matt, what softwares do CPAs use in their practice? I know for tax a a lot use ProSeries, but what about the general accounting work? Tax planning?

[@CanadianRealEstateChannel]

Like caseware? It's been awhile since I was in public acocunting but that's what we used to use.

[@Anonymous-bc6zl]

What do you recommend for someone who has a bachelors in finance in getting a CPA? Do you recommend going back to school for masters or just study the CPA would be enough?

[@GalacticEgg]

Depending on where you're at, you might as well get a master's degree unless you have several years of experience as an accountant. In the state of CA in the US, there are so many credits in Accounting required to sit for the exam that you might as well go for higher ed

[@Anonymous-bc6zl]

GalacticEgg NY

[@GalacticEgg]

@@Anonymous-bc6zl ya I would just go back to school then. Requirements for nearby States might be less demanding, so check on the AICPA website to see if you could qualify to sit for the exam and be licensed somewhere else

[@gamezalbert2451]

Great video thanks.

[@siddsakkik]

QUESTION - i’m going to immigrate to Canada through the express entry system . I have an acca which will be converted to CPA Ontario . So the question is should i do any degree or masters to supplement my CPA , or is the CPA enough of a good degree.

[@khoavtr6568]

damn. what's an video. :) tks for your recommendation 7:00

[@ellene.8558]

Are you CA before the unifying of CA, CGA, and CMA under the same designation CPA?

[@CanadianRealEstateChannel]

Yes

[@hotsingleplaguedoctorinarea]

Is the CPA/CFA combo worth it, which one should i acquire first?

[@CanadianRealEstateChannel]

I'm biased - I'd say go CPA

[@hotsingleplaguedoctorinarea]

@@CanadianRealEstateChannel CPA it is then!

[@CPACareerPaths]

I'm not from this world I would say it depends on what you want. CPA is for accounting while CFA is for finance. Do you like accounting better than finance or vice versa? It takes longer time to get CFA compared to CPA.

[@ruqaiashah8961]

Do financial and corporate advisory count as a relevant work experience in cpa??

[@Abhi_AccountantMontreal]

Video is good but it would be awesome if there would be no noise coming from background.

[@CanadianRealEstateChannel]

Sorry for that. We don’t always nail the presentation, glad you enjoyed the content.

[@tylercaracanas8690]

Do you think accounting jobs will be safe in the future?

[@CPACareerPaths]

Yes, I believe so. Every company needs accounting. If you become a CPA, your job will be more secured since not many people out there are CPA.

[@desireemckenzie2046]

Question how do you go about getting a very good CPA.

[@shankare2286]

Will completing CPA help in real estate investing in a country other than the US, like India? I know that CPA will fetch a good job in India but don't know if they can practise.

[@ericmolson9471]

How much the CPA makes working in Public Accounting Firm? In London Ontario? Bookkeeping charge-out hourly rate? Could you help me please to give me some Idea. I am a CPA and I want to move to London, Ontario.

[@Anonymous-bc6zl]

Is it worth it in your forties?

[@johnstevens72]

Controller at 30? Impresive. Thinking about starting my own SOC audit practice, any tips/opinions?

[@sabbeeemc5590]

Controller at 30 is normal imo

[@hardeshmanhas4102]

Great..I want to network with you guys

[@lynxlynx79]

Hey! What is Mit's channel?

[@jamieg4254]

I have some social anxiety, mostly in general nervous. Would going for a CPA career be good for me? My understanding is that this profession will give me a lucrative career with little interaction and sitting in office environment. Thanks for making this video again!

[@valtervalter2584]

jamie gill probably would be good for you, but you will have to interact with customers at a cpa firm. Working for a company’s accounting department would be best if you don’t want to talk to anyone.

[@hotsingleplaguedoctorinarea]

No, you should instead work on overcoming your anxiety. Try to be more outgoing and understand that no person is more inferior or superior to you, everyone is flawed just like you

[@jmei8295]

you might feel anxiety for anything that you do with no experience, when you have the experience, and if you are really good at solve problem, you will be fine

[@jamieg4254]

Thanks for the support guys 🙏

[@jmei8295]

@@jamieg4254 i am immigrant from other country, i went into accounting because I have social anxiety too...but later, i found that when you know how to do it, you will just be fine...you feel anxiety , it is because you don't know what you are doing ....however, i feel accounting is a bit boring after i force myself to learn it..

[@jasonholden7546]

the back seat light was on

[@jasonholden7546]

porque

[@babatundeaina3846]

If I am an Economics major can I become a CPA after undergrad ?

[@jonsnow4927]

As long as you have the required accounting hours then yes

[@millenialbachelor6956]

@@jonsnow4927, you know nothing.

[@joelmatus9442]

@@millenialbachelor6956 LOL

[@liam7765]

Hey! Im currently doing a 2 year accounting career diploma.. ive became very interested in the accounting function but the problem is that my career diploma has no credentials towards CPA, do you think I could still get a job as a auditor if I take online courses and read the proper books for it.. Id rather not go back to high school to get the credentials as it would take 2 to 3 years just to get the requirements to enter a university and as of current I am understanding the accounting equation will relative ease and couldnt see myself having a problem with more intermediate or harder topics Id love to hear your suggestion thanks!

[@CanadianRealEstateChannel]

There are a lot of college programs where you can end up getting your degree and credits for getting your cpa. Without the designation - it’ll be tough to climb the corporate ladder and become an auditor (You may be able to get an internal audit position) But if the goal is to become a public accounting auditor - I think you’ll find it much more difficult without a designation or being on path to designation... If you reach out to CPA Canada or CPA Ontario - they should be able to help provide you options and give you a fuller understanding of your options/opportunities etc

[@liam7765]

Awsome thanks for the info! Wishing I paid more atention in high school ffs

[@tazrinahmed5326]

people say that is it not worth it to get the CPA designation anymore? they say the pay and job opportunities are bad

[@airlebron7467]

They are very misinformed

[@MrClean-ej2rj]

I can’t believe i found this video. Right now I’m 16 years old and I have the exact same plan, being an accountant and real estate investing. This gave me so much hope. The only thing is I don’t have much money or a job but I’m looking. Is this detrimental?

[@Randomguy-kn3nv]

Mr.Clean go to a community college, learn excel (if ur wcc has classes on these take them if not lookup KZbin tutorials) get an associates in accounting and apply for internships as u later get a BAchelros in accounting and apply to big 4. Maybe take a minor in computer science or data science

[@CPACareerPaths]

random Great advice!

[@jcabral6231]

what is your best accountant jokes

[@CanadianRealEstateChannel]

I used to know several lame accounting jokes but I’m drawing a blank... what’s your favourite?

[@senorguzman6774]

The black guy don’t seem to have a entrepreneurial spirit.