"Lazy" careers for people with finance backgrounds?
So my cousin knows a CPA that lives down the street from him that only works during tax season and makes enough to live off it for the rest of the year. He's not in a super big house with a Ferrari but he's doing well for himself and seems content. I don't want a job like this any time soon but one of the reasons I'm looking into getting an accounting degree is just in case, when I get older, I would like to settle down and do something like this.
Is there a way to do something like this with just a finance degree?... like doing "odd jobs" for a couple months without any future responsibilities and still making a decent amount of money?
If you don't know what I'm getting at let me know cause I'm not sure how good I've described this.
I know one who started his accounting firm, hires monkeys, and plays golf 4 days a week. He is 37
Having your own business is the key to the type of freedom you describe.
Is there a business that you can run like this with just a finance degree? It seems like you'd have to be a bigger watchdog for a financial advising type business than an accounting one.
edit: so PIGS, that guy has a finance degree and runs an accounting firm?
be a youtube celebrity. some of those people pull in 6 figures a year from ads. that's gotta be the easiest job in the world.
i've actually thought of this for some time. good post.
one option is to teach. those guys who teach financial modeling courses at Training the Street, Investment Banking Institute, etc.. make very good money. I think i recall seeing a job posting for an instructor paying $90k a year, and this is not even close to a 40 hr/week, 50 wks/year job. sounds like a great gig to me, but they often require you to be well established in banking or private equity (one of my instructors at my financial modeling course was an MD at a nationally prominent Private Equity firm). similarly you could be a finance/accounting lecturer at a university or college, as many lecturer positions (as opposed to professors) do not require PhDs, though they often have MBAs, CFAs, CPAs, or other credentials.
another "lazy" option would be to serve in the financial/audit committee of a board of directors. these usually pay a six figures for a few hours a month, and you can usually have multiple board positions. downside is that this is only an option very late into your career (probably near retirement), requires you to be VERY prominent in your field (like a former CFO), and may depend on whether you have the right "golf buddies". credentials like the CFA/CPA qualify you as a "financial expert" which gives you the legal authority to serve on these committees.
contract-work / freelance
www.elance.com
Hmmm... now the only reason I'd still wanna get an accounting degree is because I've heard that it's actually pretty helpful. Is it worth it or should I just go finance?
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