48 years old…and pretty much starting all over

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    Topic
  • #194012
    igotit
    Member

    I earned my degree in 1993 (accounting) and am currently qualified to sit for the exam – I made the decision and got my NTS.

    brief history:

    I ended up staying home with my kids for the past 15 years and have been working in accounting for the past 4 years. I have no public accounting experience. I wanted to get my CPA after college, but life and a terrible marriage got in the way. I feel like I lost myself and along with that, any confidence I used to have.

    I’ve been working at a manufacturing company, but I don’t want to retire here. I want more. I would like to get my CPA license and either work in public accounting or find a better opportunity after getting the CPA license, maybe hopefully working for myself.

    A lot of people have been discouraging me, telling me that it will take too long to get the experience, and that working for a small CPA firm will get me nowhere. I am afraid of working for a miniscule salary, as I have two teenagers and a mortgage, and an ex husband who contributes zero.

    I don’t mean to be negative..I just feel so discouraged. I have no retirement, so I will be working for a long time. My thought is to work for a small firm, get my license, and either work for myself or use the CPA to get a nice controller position. I’m not seeking Big4. I just want to ge that license!

    I just need a little encouragement. I sent my resume to a small firm who wants to talk to me. I am afraid of making a less than livable wage. sigh…

    Has anyone been in my shoes? Started late to get the CPA, started out at a small firm? Did it work well for you?

    I don’t mean to be negative. I just feel so disouraged, like maybe I can’t do it anymore. I know I can pass the test…but then wonder, can I really?

    sigh….

    Thanks for listening.

Viewing 14 replies - 1 through 14 (of 14 total)
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    Replies
  • #665576
    Skynet
    Participant

    If you want to do it then DO IT!

    Ignore all the Negativity.

    #665577
    ken2013
    Member

    GO FOR IT! AGE IS JUST A NUMBER!

    #665578
    matt
    Participant

    You're going to get knocked down more times than you know. Learn from the knock downs and keep pushing forward! Do it!

    FAR: 89
    BEC: 88
    REG: 81
    AUD: 76

    CPAexcel, NINJA 10 point combo, & NINJA MCQ

    "Pain is temporary, it may last for a minute, or an hour, or a day, or even a year...but eventually it will subside and something else will take its place. If I quit however, it will last forever."

    #665579
    CPA50
    Participant

    I earned my degree in Speech in 1985! Just turned 51 on Monday 🙂

    You can do this! Yes you can!! Turn off the haters. Most of them are jealous that you want to do something more with yourself.

    If Skynet wants to rule the world with Megan Fox by his side, then you can become a CPA 😉

    AUD 88 (expired), 80 retake
    FAR 64,69,67,73,67,73,73,73, August 3
    REG 75 (expired) September 7
    BEC 72, 77

    The adventure continues...

    #665580
    Pandarama
    Participant

    I'm a firm believer in the phrase, “when there is a will, there is a way”. It's funny how things will often work themselves out when you keep you head up and give things your all.

    A lower salary doesn't mean that you'll go broke. It just means you may need to look at your finances in a different light or angle. Most of us spend way more than necessary.

    Hope you get what you're looking for.

    I also have to add, you're never too old to improve. During my first semester of college, there was an elderly lady in my class (over 80 years old). She drove me insane, but I had immense respect for her. When delivering food, I had met a really amazingly sweet family. They lived in a massive house so one day I asked the husband what he did for a living. But his job was nothing compared to the story about his wife. He told me about how his wife went back to school after being a stay at home mom for most of their children's education. She was over 40 when she went back to college and then passed the BAR. She now works for a law firm and is constantly my inspiring story for anyone I meet who thinks they're too late in life to accomplish anything.

    BEC - 80
    AUD - 64, 75 - credit lost, 90!!
    REG - 73, 74, 83
    FAR - 61, 72, 85

    Feels good finishing on my best note. Time to watch the mailbox.

    #665581
    Mika
    Participant

    Do whatever you think is right as you only live once.

    REG - 80 (02/13/2015) Roger + Ninja Flash Card + Ninja MCQ + Becker's Note
    FAR - 84 (05/29/2015) Roger + Ninja MCQ + Some Wiley book questions
    BEC - 77 (08/27/2015) Roger + Ninja MCQ + Half Wiley book questions
    AUD - 87 (08/28/2015) Roger + Ninja MCQ + Half Wiley book questions

    #665582
    rugger246
    Participant

    Please find peace in your decisions.

    You seem to have a game plan, which is more than can be said for a lot of people. Everything you said you want is very achievable and completely not out of line. The goal of becoming a controller for a small company and/or working at a small CPA firm is definitely something in your reach…you still have plenty of working years left in your life (17 if you work until 65).

    If I am half right and you do not become the head controller or make partner…who cares…at least you were pursuing something of importance and meaning to your life.

    Finally, what is your other option? Do nothing. Where do you want to be in 17 years…wishing you would have followed through on what could have been? That does not sound like living to me at all!!!

    AUD - Passed
    BEC - Passed
    FAR - Passed (Perfect Score of 75 to finish it off)
    REG - Passed

    #665583
    Lion_of_the_Rock
    Participant

    If you want to do it, then go for it. I've been out of work for 5 years and I have no accounting work experience. I don't know what is going to happen but I'd rather try and fail than not try at all. Nobody is promised tomorrow, don't resign yourself to what others think.

    Good luck.

    BEC - 78
    AUD - 75
    REG - 74, 79
    FAR - 75

    You have to buy a ticket to win the raffle.

    #665584
    Missy
    Participant

    Yes it is (or seems) to take a long time to pass the exams and meet the requirements to get licensed. You might be 50 before you have license in hand.

    Big deal, you're surely going to turn 50 one way or the other, do you want to spend it wondering what if you started the CPA when you were 48 or celebrating the achievement?

    Going into public may not be that big a difference in pay but even if it is, you figured out a way to stay home and raise your kids for 15 years (read working very hard for zero income) I am confident you'll find a way to make it work.

    Do you know why people tell you its too hard or will take too long? They're projecting their own insecurities and disappointment onto you. I was told there was NO WAY I'd pass the CPA, and guess what? I am 45 and renewing my license for the second time this month!

    Licensed Massachusetts Non Reporting CPA since 2012
    Finance/Admin/HR Manager

    #665585
    JoJo
    Member

    Thank for sharing. I had a phone interview today for a firm smaller than the Big-4.

    I sent my resume listing an unrelated accounting job as my last position in 2013. I was afraid it would count against me but believe the customer service experience will project a well rounded audit professional. I am also waiting for my FAR results and really hope to pass.

    Sometimes I have felt embarrassed about the cashier position I took after my Big-4 experience and that I started the CPA journey in 2008 and still working towards its completion.

    Be encouraged that the feelings will pass and those who discouraged you will see you as an example of pressing though hard circumstances.

    I believe small business CPA firms want well rounded family oriented individuals:)

    15 years of multitasking your home and the schedules of your children shows extreme dedication and willingness to do what is needed in each season of life.

    Press on friend! Tell the discouragers we all have gifts and talents to be productive humans:) and that they should seek to do what they are good at:) LOL

    REG - 77 (05/30/14); Failed (11/28/09)
    BEC - TBD; Failed (05/29/09)
    FAR - 74 (04/30/15);
    AUD - TBD

    CPAexcel; NINJA Notes; NINJA Flashcards; Roger CPA Videos

    #665586
    igotit
    Member

    Thank you all for your responses. I am soaking it all in!! I need all the encouragement I can get!!

    I will continue my plan to study hard and pass this test. Hopefully the discouragement will pass. I just know I can't stay in this dead end job.

    Thank you again!!!

    #665587
    ijustwant76
    Member

    My journey began at 42. I didn't have enough credits at the time and spend about 2 years going to evening classes. After that, I spent another 15 months studying for the tests. I dragged my teenager with me for study sessions, to, haha, model good study habits. Yea, talk about “quality time”.

    To me, it's job security. People always hire the CPA over the non-CPA. And being that “older employees” can be discriminated against (I know it's illegal, but you cant tell me that it happens), I think the CPA will only help you in the long run.

    #665588
    10keyLeah
    Member

    Its' wonderful that you were able to be with your kids as they were growing up. It sounds like it's time to do something for yourself. If you want to get that CPA, then do it! You have to be sure you want it. It's a journey all in it's own. You will be 50 with or without a CPA. I'd rather be 50 and with the license!

    I don't know what State you are in, but be sure the requirements for experience. In my State, you do not have to work directly with another CPA, but you do need one to sign off on your experience.

    It doesn't hurt to talk to the people at the small firm. If you can't come to an agreement on pay, then look elsewhere. It's pretty cool that you already have someone wanting to talk to you!

    Lastly, you seem to be getting wrapped up in the future. take a breath and focus on the now. Decide what you want, whether it's a better job, or CPA license, or whatever, and then go for it.

    Ninja Combo, Yaeger, Wiley -- Licensed CPA, May 2015

    #665589
    Anonymous
    Inactive

    Hi, you will be fine.

    Try to get into a public firm, size does not matter.

    Get some public experience, it is very useful.

    And get your CPA.

    You definitely can do this!!!

Viewing 14 replies - 1 through 14 (of 14 total)
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