Is Getting a CPA Worth It? An Accountant Shows You 2,000,000 Reasons It Is

[@virgnthermostat5928]

I am finishing college a little later in my life (early 30s) but I'm 75% done with my bachelor's degree in finance and accounting. My dream is to open my own CPA and investment firm. Thank you for the information.

[@TheFinancialController]

Good luck brother

[@100AcreWoodz1]

Don't let it stop you. I graduated in accounting at 31. Been working in public since January remotely. I'm learning crazy amounts and loving it

[@virgnthermostat5928]

@@100AcreWoodz1 thanks for the support

[@NorthernCold]

@@virgnthermostat5928 good job bud! You can do it! Look at Meyer Lansky, he didn't have a CPA & was the Mob's Accountant.

[@ayaakhair523]

It’s possible to be intrapreneur as an accountant !!!!!! because what you wrote you just surprise me because I’m accountant to and I’m a graduate about 2 years ago and I still hesitate if I want to stay as accountant or just change my field

[@francismazanet2769]

Self employed CPA. I make a little less than $500K a year. My minimum annual fee is $15K per client. I have one client who pays me $60K, another $30K. I only do books for businesses making over $2 million a year in sales. I do not do personal tax returns unless they are the business owners of the companies I am the CPA. I am not unique. I developed a strategy of seeking higher paying clients and then letting go of lower paying clients as I go along. I work about 70 hrs a month. My success, and yours, is be based on recognizing who has the bucks, not businesses making less than $1 million and certainly not regular personal tax returns. My time is valuable. If I am not making between $400-$700 an hours, I am not interested. Now, you may not be able to start with that mindset, but it should be your goal. Remember: Don't do work for people who complain about money; always look to find wealthier clients and let go of the poorer clients as you go along to free up your time to service wealthier clients. It may take 5 years, but if you stick with that philosophy, you too can make almost $500K a year as a CPA. One last thing: I DO NOT charge per hour. I charge on a fix fee. You will find as you go along, the more you knew the client's books, the less time you take. Hence the fixed fee gives me more money per hour as I get faster on doing the client's books. And I always raise my fees 10% minimum each year on existing clients. If you build trust and your client feels they cannot live w/o you, you can raise your rates 10%+ per year. One client I charge an extra $1,000 a month for every new store they open. Be creative with how you make money from your fees.

[@TheFinancialController]

Thank you for a valuable post!

[@tiramisu2717]

This is gold, thank you for sharing!

[@Chillingisbae]

Wow, that’s impressive 👏🏼

[@ohyesohyes8804]

This was very informative to read. Can you tell us how your career was like leading up this point of your life (making a firm)

[@mohammedosman88]

wow amazing mindset! Loved this!

[@AlexJDuer]

Just sent my CPA application into my state board yesterday! It was a grind (early 30’s with family) but I’m very excited about the opportunities that should open up.

[@TheFinancialController]

That is awesome Alex!

[@mustafamangal4889]

Hi Alex, I am in the similar situation, did you started cpa and how it's going?

[@Greenham1988]

Coming from a Controller; accounting is not difficult. It's a little tricky when you first start (as with most things), but it is very practical. Once you TRULY understand that what you do to one side, MUST be done to another, and you understand the impact to your CORE financials you're pretty much functioning at a senior level at this point ( earning 60K-90K). I'm not a CPA, sitting at $123K (31yo) and my wife who is a CPA makes $77k (31yo). (we don't live in an area of high incomes, so we are in a pretty good income bracket) The CPA lets managers know that you understand primary principles of accounting. If you work for a company and are able to prove this knowledge in your work, the CPA will be less important in the beginning of your career. And as you climb the ladder, you will be compared more with CPA candidates, now if you understand the business inside out. If you understand the strategic direction the business most go to grow and you can lead that initiative, you will be a CFO rather you have a CPA or not (That is primarily function of the CFO, but a CPA always helps) One thing that helped me out-earn my CPA peers, is that I really try to understand the flow of the companies activities and how it effects my financials, this is important because I've been apart of a couple ERP/EPM (accounting systems) projects and those assignments need people that really understand how accounting should flow through out a system and how to set-up a system to do so. For example, my wife can tell you how receiving inventory, will flow from your docks, to your books (balance sheet) and when it should show up on your P&L based on your manufacturing/assembly process and she can give a pretty good explanation of your Cash Flow impact during this process. All while making sure you holding accurate records to stay compliant. That is what the CPA license tells management you can do. I can do that as well, but I really like accounting systems, so I can take that information, and set-up your accounting system to reflect it - that is where my premium comes in the market, even though I'm not a CPA. I've set-up Chart of Accounts for companies, and implemented accounting systems that flows their operations in a manner that compliant and accurate. Accounting is so great, because there are so many routes you can take with it. And if your primary goal is to make $100k+, that is not an unreasonable request from this field. My main point, is rather you have the CPA or not as long as you know your stuff, you can earn a good living in this field, and this material is not difficult. (and I agree the CPA is 100% worth it - if my wife could set-up systems I'm sure she would be earnings more than me $140K+)

[@juniorrosario9275]

Thank you so much for sharing, definitely learned something new

[@ravitej2010]

CPA opens up the world of opportunities to you. Without CPA your options become limited. Companies competing to recruit a CPA are far more than the non CPA.

[@EpsteinDidntKillHimself.]

CPA carry’s a lot of weight but I agree that truly understanding financials, their impact, etc is how you best provide value to clients and in turn, how you maximize your pay. Sounds like you could easily pass the cpa exam with a little studying though and that license never got anybody paid any less 🤣 great post!

[@EpsteinDidntKillHimself.]

@@ravitej2010 companies competing to hire anybody right now with experience. I have a few years experience and am a senior with no CPA (passed a couple parts, finished masters in December while working full time the past few years). CPA exam just gives you more favor in the interview process, but if you know your stuff then you know your stuff, they’ll hire you.

[@ravitej2010]

@@EpsteinDidntKillHimself. Yes I completely agree with your statement. CPA adds that extra weight which will make it easier to get picked for an interview from hundreds of profiles.

[@boney2235]

You are an inspiration Sir, thanks for sharing such information especially your career path. It helps guide final year accounting students like myself who dream of such a career. Much love from Ghana🇬🇭.

[@paul-gt1gy]

And you see CPA's leaving Accounting and becoming recruiters ,something doesn't add

[@tscoms5472]

All of those months of studying and grinding, I’m glad it’s completely worth it. I’m still not a CPA yet as I need to get the work experience but I’m so glad to be done with the exams

[@TheFinancialController]

Nice job passing the exams

[@shankare2286]

I wish some day I can add a similar comment 😂

[@giridharklp911]

How many years does it take to get cPA license

[@victoriagiordano]

Did you end up getting your experience?

[@rachelabejero]

This is by far the best youtube video showing someone how they can make money not only in accounting, but how to win in our society. I'm sick of people just dropping how much money they make and then they don't want to share any details(after sharing something so personal) but just boast about their wealth. So irrelevant to people who are putting in the hard work to make real changes in their lives. Thanks so much for your video!!! I'm super motivated as I am graduating university and going into public practice.

[@TheFinancialController]

Thank you Rachel!

[@zuriacuna]

Thank you for this. I am getting my bachelors in accounting in my early 30s this is definitely motivational!

[@TheFinancialController]

Let’s go!

[@ManofSteele]

Thank you for the video. I'll be graduating with my Master's in Accountancy in less than a month. Thanks for the inspiration!

[@davidmm3111]

What can you advice someone joining the masters in accounting now, is it worth it, How have you seen the market 2 years after graduating

[@zurinarctus1329]

Non-CPA people in Audit later switch out to finances. They make way more than average people sticking with accounting and pursuing a CPA. Even if you later become a Controller with CPA, then high-end people in finance are still edging you out, and most Controllers plus Finance VP are non-CPA. If you even think to use CPA to set up your practices, then your major stream of revenues will be helping people to file tax forms. Enrolled Agents are already cornering the market against CPAs badly, so it's not even that good anymore. Good luck with running independent Audit practices, national firms and the Big 4 will eat you alive. If you stick to being a corporate slave at national firms and Big 4, the path of getting promoted to Partner is treacherous, and most people later switch to finance instead of sticking around. My friend originally stayed at Audit for a year, and later spent time grinding leet codes and getting a job in SWE. He is now making more than your average Audit manager at Big 4. AICPA is making things worse with their Evolution 2024, and the CPA shortage will even get worse. Our salary in Accounting is not getting any better on the eve of the 2020 Great Depression. Spending more time networking to get a financial job or a tech job >>> Passing the CPA.

[@NATSCOTT]

This video has completely lit the fire underneath my behind. Starting at 30 years old. Thank you

[@TheFinancialController]

Go!!!

[@walterbutler8698]

Im 36 and decide to go back to school for accounting and in the future get my CPA.

[@Siegefya]

Considering it as well, 35. Probably going to enroll at WGU online for it.

[@simsimmis88]

Same here 💪. Best of luck.

[@JoshuaLoganjoshuadlogan]

I’m 41 and doing the same

[@hanshalili174]

How is it going for you man? I hope the best for you

[@AgustinDanielle-ie2hp]

Passing the CPA exams is when you study hard,if you can't study or you don't have time for your studies I'd advise you get yourself a help like Mr Dylan

[@kyv2431]

These are very conservative estimates which I appreciate as inflating expectations can lead to disappointments. I currently work at one of the Big 4 and soon to become an audit manager. I've seen cases where my fellow colleagues at the manager level leaving for 160K+ jobs at the age of 30-31. So know that you can most certainly jumpstart this timeline table depending on where you start your career and how you play your cards. I would say though the compensation levels for VP and CAO are bit higher on the spectrum as those amounts tend to be applicable for larger public companies and not private institutions.

[@purpleleague5244]

Correct, most CFOs at Mid-Smaller sized companies wont make more than $250k-$325k much less some of the amounts listed above. I would assume these are blue chip companies.

[@Greenham1988]

We are blowing this man's video up - TFC has to be watching this video thinking who would have know this would be this popular lol. I think this is one his most popular videos (in relation to how fast he has accumulated views). Great video man, Thanks for sharing!

[@TheFinancialController]

Hahaha. When I was shooting this video I was thinking man nobody’s gonna watch this, but when I was typing its title, I was thinking man this is gonna blow up

[@Greenham1988]

@@TheFinancialController Yeah you sure added the right trigger "numbers" to bring the finance majors running!

[@HeartwarmingStories]

I hope I can get there. I took an accounting class when I was 19 and I dropped out because it was hard. Now I’m 44 and looking for a career change and I’m going to go for a cpa. Going to get bachelors and hopefully masters, and I’m hoping within 5 years I’ll get there, because I have to make it work. Thanks for your encouraging videos.

[@TheFinancialController]

You got this!!

[@InesTeresa-l3p]

I was 44 when I passed my cpa Exams,it was difficult for me all through the years failing 3times using Becker and some other materials until a friend reffered me to Mr Dylan who made it possible for me to get my license

[@ivyisabella7040]

Really you know him? I even thought I was the only one he has helped walk through the fears and falls of cpa

[@HendersonJoshua-km9ux]

I've heard a lot of good stories about this Man all over KZbin channels can he really help

[@KingstonMartin-gl6br]

It’s my first time I'm scared, I don't wanna fail

[@mdvr4125]

Doubled my salary and moved up two levels after becoming a CPA in Colorado in 5 years time (2019-2023) - just do it…especially now that they did away with the 18 month window and made it 36 months

[@TheFinancialController]

Nice job!!

[@jaimeponce2758]

Thank you for the video! I just graduated college and am studying for FAR before I start full-time in PA

[@davidhulsey6046]

I think your numbers towards the higher end are a bit high. I know Fortune 500 VPs who make less than $250k base. Most of their income comes from bonus and equity. I also know fortune 100 CAOs who make less than $400k base, again most of their income is tied to equity and bonus. Secondly, probably not going to see a 20% increase every time you switch companies even in this climate. My wife is a CPA and I was a recruiter for a national accounting and finance staffing company. I will say you will definitely make $2MM more with your CPA because I see those paychecks every two weeks.

[@tuannguyen-zk3lv]

My goal to getting CPA is to open my own tax, bookkeeping firm. I currently have Enrolled Agent designation. I will take my first BEC exam next week, cross my finger.

[@zakford6291]

How did it go? Which exam did you take first?

[@vikingredsonja]

This is a good video, however a lot of places won’t promote you past senior until you have your CPA.

[@shujai1083]

Thank you so much. I’m up to the last subject of CPA and very much needed the motivation to study!

[@TheFinancialController]

Best of luck!

[@dangelocarias4796]

I know this video is older but you can almost double the starting pay for an auditor in NY and SF which is currently at $90K.

[@TheFinancialController]

90K sounds great for entry level

[@marqzho]

this is interesting.....but there is a small bug. On your model, you intended to assume one without CPA couldn't make VP and CAO. The assumption is ok but your 40% pay increase for VP / CAO is still reflected in the non-CPA salary.

[@TheFinancialController]

Fair point but the model is not exact and is meant to show directionally that CPA can indeed be with multiple 7 figures if you push hard enough

[@apollo1464]

I’m a CPA. I have had my own practice since 1987. Definitely better than working for IRS, which I did for 9 years. Practice will be sold in next few years. BTW. CPA stands for Can’t Pass Again. 😂

[@TheFinancialController]

Cannot pass again is real

[@flowstateentertainment8395]

What’s your average gross income each year since owning your own practice?

[@ryderwashington4199]

@@flowstateentertainment8395 Interested too, also what type of services this person provides.

[@mdvr4125]

Copy Paste Attach 😉

[@efnfamilyadventuretv3129]

Hello I doing my CPA hope i can pass exciting even in your 50’s you can still achieve those numbers in your model

[@JustinWojo]

First year in college going to bachelors in accounting, still finding out what I want to do in the field of accounting. I did a tax internship at a smaller firm and did not enjoy it that much, but will try other internships to see where I'm best fitted Great Video, gave me some inspiration to push through for the long haul

[@musicholic903]

It's a trap. You make decent amount of money working 65+ hours on average without overtime. During the peak, you often work 90-110 hours a week.

[@Daniel-ii6ju]

Even if a CPA was worth 3 million, I wouldn’t get it😂. Accounting is literally one of the worst fields, I’ve contracted at multiple big 4s to help on various projects and engagements and projects, and the staff always seem so miserable. Imagine working that much for that little, CPAs literally need to make videos about the worth of the CPA cause unless you’re c suite, even 120k isn’t enough to stay in accounting. That’s like basic tech pay

[@davidmm3111]

@@Daniel-ii6ju That’s like basic tech pay

[@wildlife8615]

@@davidmm3111 Only issue is that tech is being gutted now. How times have changed in two years...

[@spire259]

I'm graduating with my masters in accounting this month and am starting at Deloitte this upcoming fall. I'm excited but nervous because of the typical, long hours and intense busy seasons.

[@TheFinancialController]

Best of luck

[@EpsteinDidntKillHimself.]

It’s going to be 65-75 hours a week from February to April 15th. Just get ready! I personally think working for a big 4 is a waste of time - they look at you as a number instead of a person and it’s harder to have a mentor. Your biggest asset in your first few years of experience is finding smarter CPA’s you can learn from. I did this through small firms where I was always around the partner I worked for. Best of luck to you though - after a couple years at a big 4 you can step into senior level roles at smaller firms for 85-100k with a cpa license. It’s a trade off for those first two years at the big four that will be grueling

[@spire259]

@@EpsteinDidntKillHimself. thanks for the advice. I interned at a small firm and a national firm and definitely got different vibes about mentorship. The small firm was sweet cuz you work so closely with the partners and get a lot of good insight from them.

[@EpsteinDidntKillHimself.]

@@spire259 that’s why I love the smaller firms. And it’s so much easier to ascend to partner level. But the big 4 gives you resume weight other firms wouldnt and you’ll see the benefits after you leave, not while you’re there. Either way, your success in this industry is ultimately up to you. If you work hard, learn as much as you can from your superiors, and apply it, you’ll ascend up the ranks and be paid accordingly. Best of luck to you!! Busy season sucks but the summers are nice!

[@nolongeractive1998]

hey goodluck! busy season is crazy. I work at another Big 4. And I don't believe the CPA license gives you a pay bump. They just give a one-time bonus.

[@01michellehall]

Thank you for your videos. You and your wife are truly awesome and encouraging!

[@TheFinancialController]

Thanks Alicia

[@SuperLukelucas]

Very thought provoking video. However unless I missed it, I think there are two issues with the methodology: 1) you aren’t considering after tax differences in salary which would be less and 2) when you get to the point where cpas are getting promotions and non-CPAs aren’t, you’re still giving the same % raise to non-CPAs.

[@RyanMeyers-vq3tt]

now imagine investing that money and watching it compound.

[@TheFinancialController]

That’s what I am talking about!

[@CPATuttle]

I’ve been a CPA for 5 years. Accountant for 10 years. From my observation, if you get a big 4 audit job out of college. It’s worth it. If not, you’re better off choosing another path

[@TheFinancialController]

Thank you! I slightly disagree here. Though I started at big 4, some of my most successful friends started at smaller firms, or at private industry, so though big 4 is amazing, it's more about the hard work and dedication

[@rundrish8740]

I don't think a CPA is worth anything anymore. The ethics of CPA Canada are horrible. I am a CEO of a manufacturing firm in Southern Ontario, and my CFO and Controller are both undesignated, and it does not hurt their pay at all. I really like not having to pay for lame PD training and unethical ethics courses. CPA is dead.

[@financenumber2953]

There are very few people like you who don’t care if their Controller or CFO are designated or not. But almost 90% of Companies and HR want to hire Managers/Controllers who are designated. So, based on what the market wants, I can confidently say that CPA is worth it.

[@padresoscar]

Lol, u crazy canadian

[@aparnap5636]

I wanted to thank you ❤️. I watched your video for interview preparation and i got the same questions for the interview. Also you explain concepts well.

[@TheFinancialController]

Amazing

[@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.

[@TheFinancialController]

Thank you, I will

[@konstantinradu4399]

Thank you very much, I remembered the first time when I compiled my first real balance sheet when I was 17 and now for my accountant which has a sort of CPA, in Italy we have the section "b" for accounting after 3 years of bachelor and section "a" after 5 years which is master degree. I'm transitioning to business intelligence/ data analysis using accounting data especially things like full costing, direct costing, abc method and budgeting. While cashflow indirect and direct method weren't my strongest point and didn't like it so much. Did you find any difference between business analyst and CPA/Accounting roles? I found accounting to be old school while business analysis being like a new school but less regulated, hence using tools from data analysis business intelligence might be a good things for us.

[@laiph]

Wondering what your thoughts are on the CMA?

[@poonamtambe6605]

Thank you for sharing your smart Ideas and strategies for successful financial career 😊

[@PC-ds6zk]

I qualified as ACCA accountant in 2019 at age 27, but i never recieved a raise. I became doubtful of my understanding of accounting when all ive recieved was negative criticism in my past jobs in public practice. My last 2 jobs were contracts the highest salary ive been on was £31000 and now im unemployed and i dont know what i should do as my next move

[@stoic007]

Hey, how is it going man? Did you got the job? I am at the P Level prepping for ATX from India.

[@yeshuagonzalez3631]

Great video, thank you!

[@efnfamilyadventuretv3129]

Very nice I’m working for my CPA

[@aparnap5636]

Hi, thankyou for sharing, really liked the video. Monetary factor is the most important factor when looking for any jobs or for doing the course. I am interested to do CPA in future. I also wanted to know your suggestion, the job as being cpa will it be stressful. Also would like to know the negative aspects aswell. As everything as pros and cons.

[@WW-lm5ji]

Your formula doesn't include tax due on the difference in salary so $5000 in a year might only be 2/3rd or half of that amount.

[@michaelgartman4320]

I am a 60 year old CPA in a small firm and I can assure you that I am not making as much as you think. Low 6 figures.

[@dgribble556]

Yeah I lost him after 150k. Possible but unlikely

[@rafaelantonio7128]

He mentioned that he works in a big metropolis where salaries are higher than national average

[@michaelschweitzer6718]

My question is, is a CPA license worth it if I do not have any intentions of starting my own practice or returning to public accounting? I currently work in manufacturing accounting and want to remain in that sector.

[@TheFinancialController]

Yes worth it to earn more respect and consequently more money

[@DavidPerez-yt]

Quick question for you, and you do not have to answer more so just out of my curiosity and bit of my worries haha. Would I be able to get a finance degree and pursue a cpa later if I choose too? I am stuck between accounting and finance but always intended to do finance and began thinking of accounting back in the spring of 2023 when I took my first accounting course, financial accounting, I like both, I haven’t had any finance classes because my community college doesn’t offer any but again, would I be able to do this?

[@TheFinancialController]

Yes, but I would advise to look at the CPA requirements in your state, and see how many accounting credits are required

[@404TRUCKERTV]

Its a no brainer, given your company will pay for it lol.

[@baohiep978]

The model is wrong? You can't make 2x 40% increase if you don't move up off the controller role (no CPA)

[@blanktitle198]

Thank you for this video. One question though. Do you get to choose when to retire? In one tax class, I was surprised to hear that 70 is the proposed retirement age. I’d like to retire at 50 but 70? 🥴

[@TheFinancialController]

Yes you can decide to retire at any age. It’s just that the tax system in the US is more favorable to those over 59.5

[@shaynebrown131]

retirement is a financial state, not an age.

[@soumyakau]

It’s not much difference. As I have passed my exams way back but took license. And to take license I have to take a lot continuing education credits. Which is an investment. So I’m debating if I should take up data analytics or business analytics rather than taking cpe credits. Thanks for comparative review.

[@Artisticvisionstoliveby]

Im almost done with my a ca and im starting data science and ai next year. I understand that for a lot of people chartered accounting is money making but for me it closed every single door for my life plans.

[@kcluu9390]

A starting CPA only makes 55k? You'd make more money becoming an officer in the military since it starts at 70k, part of your pay is not taxable, plus your medical stuff is free. Then you get an MBA and leave.

[@flowstateentertainment8395]

You’re wrong. I don’t have a cpa and I’m making more than my brother who’s a major in the military. You must consider years after the starting line.

[@badart3204]

They make more. His data is just very outdated

[@I_DONT_LIKE_U84]

The 50K salary was his starting pay over ten years ago. I'm starting out making almost 80K as an accountant in 2024

[@HollyBible94]

I have registered for CPA exam. How I can get CPA coaching in person?

[@TheFinancialController]

I recommend an online CPA course

[@Johnperson133]

The starting numbers are way off, b4 pays audit and tax 70k in a mcol area

[@connietsang3264]

What about the costs of maintaining the CPA license? Should also consider all those continuous learning course, ethics course, and the CPA license fee.

[@TheFinancialController]

Yes, but many other professions have similar costs.

[@celiag.2127]

Can someone with MBA - General Business transition to this field? I already work for an accounting CPA consulting firm for over a year now. My status is considered an Associate. I have been considering an attempt for the CPA, but feel I would need to attend classes for audit and tax classes. Will the prep for CPA exam cover these areas? At this point, contemplating the worth of getting a CPA rather than just doing an accounting job. Definitely want to have a career trend and earn more money, but not sure if I can enter this field fully without too much time in additional school and money in prepping for the exam.

[@TheFinancialController]

Yes you can transition. Also your state requirement for CPA credits will be a determining factor of how much more school. Review courses cover the exam materials in decent details. I like Rogers and Gliem

[@celiag.2127]

@@TheFinancialController would I know these requirements by first applying to the state for the exam? Basically, is this my starting point to know my next move?

[@TheFinancialController]

You can look your state requirements before you apply

[@biggbaddgirlc9438]

I’m starting as an associate at a small CPA firm the last week of this month and very excited! My goal is to eventually sit for the CPA I have a few more semesters to go to complete my 150

[@joegevorkyan7308]

Awesome video- studying now for FAR, a ton of information. Would you be kind and give a link to your spreadsheet?

[@neneng_ahhh]

Currently sitting for CPA exams in California!

[@TheFinancialController]

I saw your short today about your humble beginnings! I'll be proud to call you a fellow CPA

[@pandaj1-u4c]

Did you pass?

[@srirachainthebowl]

Unrelated question, Which is the better career financial analyst or credit analyst in term of career growth?

[@TheFinancialController]

Financial analyst

[@jamadandi_veeresh9915]

Hi sir , I am from India ..can you please suggest me that which course is better CPA or EA for an average student 😊

[@fmarystella6925]

Well explained

[@deexero]

Looks like government salary without CPA in the Financial services sector though im in SoCal (High COL area).

[@sufailsayed4811]

I am a ACCA aspirant. Now i am working as a trainee accountant in a Uk accounting firm. To get into finance profession, what should i do? Please advice. Thanks in advance.

[@majidareef3555]

Do CFA

[@Dr.Demigod]

Why you don't prefer a public practice own accounting firm

[@velveder2]

This is great.

[@Sam-xx4kw]

Numbers are massively inflated. Average CPA with 25-30 years is not making $600-700k.

[@TheFinancialController]

Sam the numbers can vary widely, that's why this calc is not meant to be exact, but more so show the potential.

[@muktadir83]

How i can get CPA certification from Bangladesh

[@mugito5541]

Hey bill, I’ve decided to pursue my bachelors in accounting then a cpa! I’ve been accepted to a large well known university and a smaller state school. The smaller state school is significantly cheaper. Do you think school choice in undergrad makes a big difference when trying to go B4? Thanks for the videos, they are all great!

[@TheFinancialController]

Yes larger school matters. Unless you go into the small state one and work hard to get a GPA above 3.5 which is another way

[@mugito5541]

@@TheFinancialController Awesome! Thank you for your reply and all of your videos, I have been binge watching them haha

[@lohithp8262]

My cenior told cpa is just an certification course it's not an professional course like ca ,she also told as an cpa you will not be eligible to sign the audit reports unlike CA is that true

[@tejasthakare1339]

Bro us cpa is American chartered accountants

[@timothysmith4343]

Companies often have a 401k match which will make a lot more over the years. Also, if you choose, why wouldn't you, dividend paying stocks along with the dividend increases annually, that can be reinvested or outside of a 401k be used to increase current income and have a higher standard of living currently. Actually, it is likely to reinvest the dividends in a 401k and simply add less in contributions. Finally, investing more in the early years that will have more compounding time can allow for less contributions in later years. Once established, obviously options and opportunities can be more flexible.

[@vincentmasaka991]

Very insightfull.

[@freshplayz2709]

Hello sir, do you think accounting is very difficult to learn or somewhere in between easy and hard? I’m planning to major in accounting/finance with the goal of making at least 100k, I want to be a financial controller and I’m going to take accounting classes next year in high school. Please reply as to what you think the best path would be to reach my goal. :)

[@jctributaris5709]

I think it's easy, being a finance manager myself, My wifes job as an engineer always seemed more complicated than mine, fewer hours too..

[@freshplayz2709]

@@jctributaris5709 do you make at least 100k? I want to be financially stable and 100k is perfectly fine for anyone, also how long did it take you to reach your position? Did you get a CPA? Do you have a masters degree?

[@jctributaris5709]

@@freshplayz2709 i'm not located in the US, so we don't have those kind of salaries around here, but im a high earner in My country, no doubt about it.

[@ImranKhan-nu2lx]

@@jctributaris5709 ok can you please tell me which country are you from and how much salary does accountants get on an average

[@jctributaris5709]

México, around $60k for an accounting or finance JR manager

[@dennisvisser6286]

Why don’t you pay taxes on the increased salary or investment income?

[@TheFinancialController]

I guess you could but the exercise is already nuanced as it is

[@ujwalkashyap9073]

Hey Bill, Thank you for your knowledgeble videos. They've been quite useful to me. I'm from India and I've completed my Bachelor's and I'm currently pursuing CPA. I'm also planning to do Masters of Accountancy with Business Analytics (MAcc) from the USA. They said that I can get anywhere between $60k-$90k after completing the Masters program and with CPA they said I can get from $90k to $120k. These numbers are big and I would like to know if this is actually true or not. Your help on this would mean a lot. Thank you.

[@maxmerritt3106]

Definitely sounds right. I go to Oklahoma state and our masters of business and data analytics students make on average $94,000 in their first year post graduation

[@ujwalkashyap9073]

@@maxmerritt3106 Oh that's great. Thank you for the response.

[@maxmerritt3106]

@@ujwalkashyap9073 best of luck my friend

[@ujwalkashyap9073]

@@maxmerritt3106 Cheers, brother.

[@Neo-11]

@@ujwalkashyap9073 hey Ujwal ,have you started with cpa journey?

[@jacobg8640]

I'm so close. Finished my 150 last year and passed the exam a half a year after that thanks to being able to study full time. Now I just have to pretend I know what I'm doing avoid getting fired for another half a year and I'll have the experience.

[@TheFinancialController]

Give it a good five years with good work ethic and you won’t have to pretend anymore

[@LASTEEZLYFE]

I would give the video a qualified or except for opinion due to the complexity and unpredictability of calculations, but overall, id say there is reasonable validity to the video's assertion

[@TheFinancialController]

Fair enough haha. It’s meant to be directional and not exact

[@MA-zj7rj]

What is the worth of a CTP?

[@pugalenthimagendran9419]

Is this CPA Australia or USA ?

[@davidsejour4718]

That's for working salary CPA. If you set up your own company and make millions out of your CPA, no need to do that calculation.

[@pratippatel1271]

CPA is not lucrative career I believe. It’s better to pursue law and to practice law. Law is far more better than accounting money wise.

[@flowstateentertainment8395]

Completely different personality types

[@omegaslayer_gaming5668]

@@flowstateentertainment8395 yeah those two definitely shouldn’t be compared😂

[@CPATuttle]

Definitely not law

[@dennisreiss8748]

Lol you need a math formula to explain how $26 an hour makes sense. He's not discounting how each level requires more of your mental energy. Costs more than a $2m artificial number.

[@SatnamSingh-rz6fq]

Do tax accountants get paid slightly higher in salary than auditors in regards to starting salary?

[@yimb8437]

Audit and Tax tend to pay a bit higher than financial accounting overall (and to start).

[@adamounjikam881]

Thank you

[@Driving4bangers]

I want money

[@jameshusentoff2953]

No raise for getting CPA in public just a bonus lol.

[@Legacy-Talks]

I really wish I went for my CPA. I'm 31 now and it's starting to feel like it's too late.

[@nolongeractive1998]

I don't think it's ever too late! and 31 is still young! Finishing the CPA exams typically takes 1 year. You can do it~

[@TheFinancialController]

I did mine at 32 so go for it

[@apaddy5390]

Not too late, got it at 38, with three years of studying.

[@randellnaquin6367]

I was 45 when I got mine and it is worth the effort.

[@Legacy-Talks]

Thanks for the encouragement all. I actually went for it and I'm happy to say I'm a cpa now. Came back to this video cause it really motivated me seeing the break down of the gains in income. It wasn't easy and I think the experience made me a more disciplined confident person

[@prodig1389]

How is growth of CPA in india

[@dennisreiss8748]

Would you pay $2m for your freedom?

[@TheFinancialController]

Dennis you bring a valid point about freedom. But it's a balance of securing a comfortable future and not killing yourself in the process. It's a not an exact science but I totally get your point

[@flowstateentertainment8395]

I won’t be as nice as him. This is a dumbass question. There is no free money.

[@uzairawan6418]

I'm doing ACCA

[@gumnaam6559]

But if you start a business at the age of 25 with out wasting money on CPA program. You would be millionaire before retirement age 😁

[@TheFinancialController]

I approve of this approach

[@HUMAN-VERSION4]

I am a CPAand it has gotten me no where

[@张淑佳-g9u]

We should do good deeds that touch people s hearts throughout our lives. Only by setting a good example for others will we become strong.

[@McJamEs209]

Can you make one with getting the American Dream lol

[@mohamedeassa]

Interesting

[@anantpanwar6685]

Does partners in Big4’s earn a compensation in millions?

[@TheFinancialController]

Not new partners. But senior partners yes

[@anantpanwar6685]

@@TheFinancialController thanks for the reply, it gave me a boost now to clear exams ASAP!

[@sevenmidgets1175]

How do you jump from accountant to financial analyst?

[@anupamchatterjee5215]

Hi...do u conduct CPA classes? I am from India and am planning on pursuing the US CPA. If yes, pls dm me ur email and we can have a detailed discussion. Thank you.

[@McJamEs209]

Taxes 🥲🥲