[BIC_BAWS]

Originally Posted by Hondaracer

As well, are you getting anything out of the equity you’re putting into the home other than a roof over your head temporarily?

Like, at the end of the day are your parents going to sell and give you a portion of the sale of the home? Or are you just paying down the mortgage for their benefit and they will ultimately need the entire sale of the home to live off moving forward? OR is this the type of situation where they are just going to live in this home until it falls apart?

To be honest, I think this is where I feel trapped. I can't leave Vancouver because of this house. I know how privileged I am to be only paying $1500 for my portion of rent and all other household (groceries) expenses are covered. Hell I don't even cook for myself - Dad cooks and it's fantastic. [On side note, I think he really enjoys it. The food he's been making is actually delicious now and he finds so much joy in cooking for us. It used to actually be inedible. Like chicken sashimi kinda raw/inedible.]

I feel trapped because I'm tied down to here. I want to explore the world or just anywhere but here. I find myself often jealous of AstulzerRZD (someone I looked up to when I was a lot younger and still do) for all the worldly work experience he has. I would much rather rent tbh, at least, I'd have the freedom to fuck off whenever. Again, due to familial circumstances, I can't rent out the legal suite (which would cover my portion).

Upon sale, my parents have disclosed that they would just do 25% split between all 4 of us bc at the end of the day, when they go, their shares would be split between me and my brother anyway. If it were up to me, I would do it % based on total contributions to the decimal, because that's what fair is to me. And idc even if I get less than 33% or 25% or whatever it is, as long as it's EQUAL.

My mom is paying down the home so that I can solo the mortgage in 2028 at which point I'd be taking on 100% of the mortgage (as of ytd we're at 570K). She disclosed she's doing this because of past guilt of not being able to give us a better childhood and shit with my dad. She, like me is stubborn, she's not gonna listen to anyone LOL.

Future Options:
- Sell house, split 25% each. Mom and dad would like to live on a ground floor apt or smt as they get older.
- Keep house, (if) I get a gf, I move into legal suite.
- Keep house, (if) I or my brother have kids, mom & dad move into legal suite.

They don't expect kids from me. Tho the question now is about my sexuality since I've been single for so long... watch out boyssssss lul

Originally Posted by AstulzerRZD

I think the car brings BIC_BAWS a ton of identity/value in his social life even outside of track.
That balance has to shift to something else (gym? golf? dating? dance? running?) to feel ok with giving it up/going back to 9G Civic.

The 9G Civic isn't an option, that's why I had to buy a car in the first place. My brother is currently using it as his daily and I would like my dad to drive it after my brother moves away.

Originally Posted by AstulzerRZD

FWIW even on 280k salary, I thought my paid off 30k S2k was too expensive of a car for daily & never did track it because of risk.
BUT, it also wasn't a major part of my identity/social life so it was easy to give up.

Thank you for stating the big difference. It was easy to give up for you, had you made it a priority, you would have done it. Instead, you travelled, did other hobbies, etc. Costs the same tho.

Originally Posted by bcrdukes

BIC_BAWS - Assuming you continue to track your CTR, and heaven forbid, you total it, what is your contingency plan?

Don't crash. Since my first off, I actually modified the way I think about track days. I pick one goal (not time related) for the day and focus on that. Time is irrelevant. There's no trophies to be won.

Originally Posted by badgerx3

Brother, have you ever considered getting therapy? Sounds like there are some underlying issues or even trauma that are causing this attrition.

Speaking as a CPA myself, if you ain't going to grind the corporate ladder, there isn't much this designation can provide that can guarantee what you desire.

You mention that you and your mom can bill at rates higher than a bookkeeper if you get this designation. Is the plan to run your accounting shop? If so, isn't that just a glorified bookkeeper but with a CPA?

Yeah I didn't think I needed it until CivicBlues and others pointed out that rambling is abnormal - which is good looking out.

Yeah I don't really have an interest in Accounting tbh, but OTOH my only view on accounting has been the bottom barrel shitty clients kinda shit. I do enjoy cost accounting and finding out what items I've implemented moves the needle (ie. At work I took this role from our external cause they weren't doing a good enough job. I made a change to our process and saw a change of +30K from net zero).

And yes, we have the business set up already. Might as well be a glorified bookkeeper but with a CPA. She's not going to retire, this is all she knows LOL. Here are my mom's rates (that dogshit clients keep trying to negotiate down):

Bookkeeping - $50/hr or $350/mo
T1 General - $65 (just a T4 and a few other misc things)
T1 + T2125 - $65 + $50/hr or $500
T2 Filing (Inactive) - $500
T2 Filing (Active) - $750

This ALL includes tax planning and strategy, which unfortunately opens us up to liability. I'll give an example, clients tend to force our hand on inadmissible expenses despite being told it's inadmissible. They get audited, now the liability and risk is on both the client AND us. The CRA will go after the promoter/preparer/advisor now btw (look up the notifiable/notable transactions). Imagine getting fined $25K for a $750 job lol. Actual depression lmao.

Originally Posted by bcrdukes

A car should never be anyone's identity. It's easy for me to say this, but after all, this is a car website.

Similar to this, it's why I ain't working on my car. There's too much of an emotional toll attached to it. Like I keep saying tho the car is a forever car. All my cars were supposed to be a forever car (except for the E36 M3 that car was purchased as a yolo why not). I can't justify spending more than MSRP 41K on a car anyway.

Originally Posted by twitchyzero

just caught up wow, saw 10+ pages and it became invisible to me thinking it's an old discussion

i have the opposite problem of nearly not giving any shit about image tho, and that can also be detrimental

and yes bobinka's post is the best ive read on here in years

Like the VI thread or the pick a car thread, I ramble and like to reply to everyone so its lengthy.

However, since I find I keep repeating myself, I'm just gonna pick and choose what to reply to. Seems like there's reading comprehension or inference issues in here. We're in the same boat about image - if you saw me IRL you wouldn't think I drive a Type R. Hell, the Type R to normal people is just a Civic with a big wing. If I really cared about my image, you'd think I'd actually take care of basic hygiene (which I don't but apparently its adding to my depression so im trying to). Or I'd go buy clothes and actually cut my hair more than every 6 mo. OR I'd be in a fucking M car. Why would I settle for a HONDA CIVIC if I cared THAT much about my image?

HELL IF I FUCKING CARED ABOUT MY IMAGE I WOULDNT LET MYSELF GET FAT. godfuckingdamnit.

Imagine calling ME vain. ME. That's such an insult on my character. If there's one thing I hate the most, it's when I say something & people try to read between the lines. THERES NOTHING THERE. What I say is literally what I mean.

Bobinka's post is so good that I've forwarded to others who expressed they're in similar situations and or younger than me. Don't be like me kids, listen to Uncle Bobinka.

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I'll do my yearly personal bookkeeping + FK8 ownership costs and throw it up eventually