Importance of Accounting
Most people cringe when I mention I study Accounting, the connotation behind it is that you are so boring that the nature of the area suits you. I obviously disagree with this and I had the opportunity to follow IT (a very fun industry) when in high school, so many thought my gift in that area would go to waste.
The reasons behind my choice area of study likely comes from my parents, neither have been to university (Mum was a bookkeeper though) nor does their combined income place us very high on the social ladder ( My whole family went to a public school and I never noticed it was a thing until many students I currently live with mention that they went to selective schools). But we never had any problems with money ever. I guess the result was a subconscious mimicking of my parents spending habits.
This suddenly reached a tipping point when I read “Rich Dad, Poor Dad“. The emphasis on Financial Literacy was huge and convinced me almost instantly that I needed to study that area.
So here I am, I haven’t worked for 2 years since I moved away and living off the measly Centerlink payments has done me fine (Note though, for the previous 3 months I’ve hardly paid rent by being a student advisor for the campus).
It is interesting that I hardly want to be an actual Accountant, although the idea that I could pick up employment super easily in any country once I become a CPA is very attractive.
Anyway the point is that I’m studying for my last of the session tomorrow and have been staring at debits and credits non stop for the whole week.
This doesn’t mean anything until I noticed that now by second nature I know that money can be made so easily and multiplies if you do it right. THIS is why accounting is so important, not because everything revolves around money but because it’s like your life’s gasoline.
If you have enough in your tank you can get anywhere, but having too much just weighs down the car.
So I want to have a full tank at all times (Which can be easily done with any pay rate) that way I can do other things like study philosophy, do martial arts, play sport, program, and travel without having to worry about the financial aspects of forgoing a long term career.
Also I’m yet to experience it yet but I believe by being an accountant you have the knowledge that many business people want (So you get invited into business deals).
To summarise, never having money problems is pretty amazing.