Brew
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Everything posted by Brew
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Most areas have some sort of foundation that will set up and manage funds for individual beneficiaries. They accept the donations, manage the investments, and collect a fee for that service that typically comes out of the income stream.
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I donāt think itās the big city experience sheās necessarily looking for, I think sheās just cross referencing the ālistsā of top psychology schools with schools sheās heard of / places she has seen. Ultimately, sheās going to have a hard time expanding past UNC, so anything else has been a work in process. She has several large state type schools that are set in smaller towns on her list to see also at the moment. Weāll look into Trinity, sheās been extremely interested in the Boston area but again it leans towards Northeastern or Boston U.
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This is the worst start to a season I think Iāve had. This team sucks top to bottom at the moment.
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She has her guarantees in place, so sheās shooting for the moon on most of the others with a few middle grounds mixed in. Sheās a junior next year, so we decided to hit the hardest ones to get into this summer so she could go ahead and show interest, meet with admissions, get involved in some of the things they have going on for prospective students, work on early admittance (thanks for that thought process by the way) components since she has a solid baseline test score and can work on getting a couple more points from here on out, etc. Then she can visit the others during the school year and into her senior year that are on the easier tiers. Right now weāre fighting a battle with her to try and get her to understand that she needs to look at some smaller schools, that these larger ones are going to be a little overwhelming coming out of the small private school background. Sheās focused on the ālistsā of psychology schools in areas she likes though and hasnāt moved past the large institutions. Itās also difficult to randomly come up with smaller schools that make sense, although she is going to look at a few around Chicago and the Raleigh area as that is her two main focuses.
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Weāre going to go ahead and knock out some tours this summer after thinking through the process. I assumed everyone was back live, but sheās doing Michigan, University of Chicago, and UNC this summer and had planned on Northwestern but itās still virtual.
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Been dealing with dirt/sand for a couple months because of my never ending construction zone. I brush the deep end towards the drain and then the shallow end I just try and get it away from the sides and run the Polaris constantly. Brushing from the shallow end kept everything stirred up too much to where the returns just kept blowing it around.
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Man, somehow I lucked into the 1 out of 5 that donāt. Itās just my luck.
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Iāve seen a lot of interactions between fatty and troph in the threads I pay attention to, and heās always seemed respectful. There have been few issues outside of things that I would call lack of understanding. I read through the Lia Thomas thread and the issues there were Johnny and a few others. Iām not trying to mount some defense for fatty, but there is a clear distinction between the two and you sure canāt lay troph leaving at his feet. Troph brought a lot to this community and a completely different perspective than a lot of us are in touch with, but she has threatened to leave multiple times over a select few posters and fatty wasnāt one of them. I hope she finds her way back as we have had a lot of good discussions and Iāll try and keep in touch either way. On the āchooseā to be lesbians issue, welcome to the thought process throughout a large part of the south. I think progress has been made, but I still know people that would disown their kids if they āchoseā to be gay. Itās a sad state of affairs, but the Bible Belt exacerbates that mentality.
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I known itās surly and everyone has to go in one bucket or another, but I wouldnāt put the two of them together. Johnny and a few others are in their own stratosphere of hate and round them up and move them elsewhere thought processes. Fattie seems more like a young guy who grew up sheltered and just wants to avoid it, but do what you want behind closed doors. Oh yeah, and he has one black/gay friend so that proves his point. I think his opinions have shifted over the last few years in this discussion some especially in interactions with troph. Iām not saying heās anywhere near right and maybe this is a āfor us or against usā issue, but lines in the sand make it hard to create progress.
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Thanks for posting and thanks for doing what you do as well. I think you laid out what most are trying to say better than we can.
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This says all anyone needs to know about you as far as this discussion goes.
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Not sure why it matters in this context but 16/14. Saw your second post, not in TX weāre in TN. TX is on their list of ānot moving thereā states just like FL at this point primarily because of the abortion bill for TX. They also go to church every Sunday and attend private school, so those things arenāt mutually exclusive to being reasonable and open minded.
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Not to mention screwing with districts, TN just completely jacked up Nashvilleās districts to try and isolate the D vote as long as they can.
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Which goes further to exacerbate the differences among us. Instead of spending timing together and discussing our differences to find common ground, everyone is running to their proverbial corners of the country. I want my kids to understand peopleās differences and accept/celebrate them for it which becomes harder as we go forward and isolate with like minded individuals.
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Desantis is a piece of shit capitalizing on the fear mongering that has exploded in recent history. The problem with that is his state along with Texas (Abbott), TN (legislature), and others are attracting people to those states that are chasing that message which will only exacerbate the problem. I canāt tell you how many new clients I met with this year that had moved in because of no income tax and our ultra conservative legislature. Reading through the last 10 pages of this thread has been interesting. The fear mongering and words that are used in these debates are ridiculous. Itās no different than going after immigrants for the outliers, going after other races for the outliers, etc. Your examples are 1 in a million and shouldnāt drive the narrative for the population. You donāt legislate against a specific group because of the outliers. Schools need to be educating our children about everything that goes on in the world and āgroomingā (which is another stupid fucking word that is everywhere) them to be tolerant, educated, individuals. If your backwoods ass wants to teach hate (intolerance manifests hate pure and simple) at home, there isnāt anything anyone can do to stop you. Letās let the schools give them the worldly viewpoint and education they need to operate in the world today. Intolerance, ignorance, marginalization, etc breeds hate which then leads to people dying as a result. Itās that simple, look back through history as a guide of you donāt believe it. Iām a high income, white, fairly conservative, church going, male and this stuff makes me sad for the future of my two girls. They both want out of this state as quickly as they can, so hopefully weāve done our part to make them see the bigger picture.
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Do you FIRE? Financial Independence, Retire Early
Brew replied to UTGrad98's topic in Business and Markets
Itās already changing at the top of the industry, they are looking for less CPAās and more data analytics people. Weāre pretty rural and weāve diversified into IT, marketing, investments, HR consulting, software/app development, transaction advisory, etc as we move more towards āholisticā advisors and less towards straight numbers people. We also buy real estate, buy/sell business interests, invest in client entities, etc so I look at myself and our group as entrepreneurs rather than CPAās at this point. -
Do you FIRE? Financial Independence, Retire Early
Brew replied to UTGrad98's topic in Business and Markets
I donāt know if itās much lower than it needs to be. Realistically, I need 28 or so partners on a 30 year rotation out of about 225 employees or so. That works out to 1 out of 225 a year making partner if the cycles matched up perfectly with exits. I probably hire 20-30 a year across the firm as people cycle out and as we grow, so Iām not really looking for a high percentage of people displaying partner potential. I think weāll have to replace 1.25-1.5 per 1 that leaves with the change in work styles, but that still doesnāt really skew the numbers that much to where Iām looking for a significant number of partners. -
Do you FIRE? Financial Independence, Retire Early
Brew replied to UTGrad98's topic in Business and Markets
There is a clear difference between those that are there for the paycheck and those that view it differently. Of course everyone expects to get paid, thatās a given. I have plenty of people that work for me that are happy with what they are paid and do what they do. There are others that are looking for something more in an organization they are committed to. They arenāt just their for the paycheck because a paycheck can be found anywhere. -
Both kids are on the payroll up to the standard deduction cutoff, max a Roth IRA and then the balance into traditional brokerage accounts that are invested for dividend returns, not moonshots. They also have 529ās that we put some into annually. I havenāt worried as much about college, the IRAās can always be a fall back if needed. For their money the make babysitting or whatever, they have checking/savings accounts at a local bank that it all goes into that they spend on their own. If it hits a certain balance, we roll some more over to the investments account.
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Do you FIRE? Financial Independence, Retire Early
Brew replied to UTGrad98's topic in Business and Markets
I missed the page that led to my earlier response. I find your viewpoint of the employee/employer relationship lines up with what I see from a section of our workforce, those not looking for upward mobility and that are just there for a paycheck. My expectations for what our employees have to do has changed a lot over the last 10 years. There is no point in making the āback in my dayā argument because itās not relevant at this point. However, if you expect to move up then you better understand early that weāre not a M-F 8-5 job 52 weeks of the year. We respect your time and allow you to come and go as needed during the day, but there are times when you have to be available. Youāre probably going to miss a few things along the way. It is what it is if you want to move up. We had a client appreciation dinner tonight for 40 or so clients, my core group was there. I donāt think any of them were at the office very long today, but they were all there tonight coming out of a period where they already missed some nights and Saturdays. There is no doubt that employees hold more cards than they ever have. I think they should probably be smart about how they play those cards though. -
Do you FIRE? Financial Independence, Retire Early
Brew replied to UTGrad98's topic in Business and Markets
May help my ski bunny pickup game assuming my wife would sign off which she probably will not. At one point in life I thought I could end up working on the accounting side for one of the resorts, Iām going to pass on that one. If FL wasnāt becoming such an f-ed up shit hole, I would probably just go that route and fish year round. -
Do you FIRE? Financial Independence, Retire Early
Brew replied to UTGrad98's topic in Business and Markets
I still want to do what I wanted to do at 18, work the ski resorts in the winter and take people fishing on the coast in the summer. Getting married too young and having kids set that back a few years, but Iām still shooting for it. I could probably do it inside the next 5 years, but I think Iām going to wait 10-12 and shoot for 55. Iāll have 20 years in as managing partner at that point and it will be past time for new blood to take this thing wherever itās going to go. -
Do you FIRE? Financial Independence, Retire Early
Brew replied to UTGrad98's topic in Business and Markets
Iāll dox myself if anyone wants to take the time to do a little searching. I donāt really care if anyone knows who I am because I donāt post anything I would be ashamed of in real life. Saying that, I run a top 125 accounting firm that will be top 100 inside the next couple of years. There is no doubt AI is coming for a portion of our industry, but it is a lot of the lower level repetitive work we have already walked away from. Itās also why weāve diversified into investment management, marketing, app/software development, IT, etc. AI is going to fundamentally change a lot of industries including accounting, but to say itās coming for my livelihood shows you donāt know where the industry has already evolved. Hell, the AICPA has been telling us for at least 7 years now that weāre 3 years away from blockchain fundamentally revamping the industry. Everything changes, those that adapt will profit and survive, those that donāt will not. I donāt make any money entering checks and deposits to generate someone's financials now, it used to be a large part of what firms do. I make 5x what the high partners did in those days, you adapt and capitalize. -
Voted yes earlier as well. For the record, two sides agree makes it sound like a completed trade occurred. Sounds like one partner on a two man team didnāt like the deal after it was completed. Donāt know that Iāve seen one get canceled after the fact.
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