CPA Review & More Episode

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  New Zealand, Baseball, & The Importance of a CPA License with Ryan Scharar

Phil sits down with Ryan Scharar to discuss the importance of getting your CPA license. In this episode, Ryan & Phil share their love for travel & baseball, reminding us all that being a good CPA is also about balancing your life with things you enjoy and can share with others.

Transcript:

Narrator [00:00:02] Hello and thank you for tuning in to another episode of CPA Review and more. We are pleased to bring you the number one podcast for CPAs and CPA candidates. If you'd like to learn more about how your CPA review can help you, find us on our website at Yagur CPA Review dot com. Now, here's your host, Phil Yaeger.

Phil Yaeger [00:00:28] Hello everyone, this is Phil Yaeger, all right, this is CPA review and more, you know, we talk about CPA review and also we talk about more. Things other than CPA review. And remember, we go all around the world looking for the best guests you could find. Guess what? I found one of the best guests, right? You think you're one of the best guests? What do you think?

Ryan Scharar [00:00:50] I hope so.

Phil Yaeger [00:00:51] OK, good got to be positive. All right, Ryan, I'm going to screw this up. Ryan Scharar, is that right?

Ryan Scharar [00:00:58] Ryan Scharar.

Phil Yaeger [00:00:59] Scharar. I was close. Wasn't I? Scharar?

Ryan Scharar [00:01:02] I'll take it.

Phil Yaeger [00:01:03] Thank you. All right. Ryan is a CPA attorney. All right. And you have two offices which you are in Fort Worth and Dallas. Correct? Dallas Fort Worth?

Ryan Scharar [00:01:14] We're located in Fort Worth, Texas. Where do you, uh, what you do now, the tax work, all right, where is your main office for taxes?

Ryan Scharar [00:01:24] Where we're located in Fort Worth, Texas.

Phil Yaeger [00:01:28] OK, and Fort Worth, is it still big on I mean, a lot of oil? That was a big oil area. I remember I moved to Denver, Colorado, in 1986 and I almost got a job in oil and petroleum accounting, but I didn't take it because I didn't know the first thing about it, but that wasn't their concern. But that's a sort of a specialized area that's back when the oil prices were really up there, 1983 to '86. And then of course like everything, when I go to an area I bring the economy down. So we were there, the minute we were there, the oil prices and they were trying to work in Grand Junction on oil shale. But because the price of the oil dropped and it was beautiful, they built Grand Junction was beautiful. They were building it up. And it had I think it's monument. I'm trying to remember the park that's there. But they ran the, yeah, I mean, there's a lot going on there. But after the oil prices came down and like everything else, a lot of places went bankrupt, hotels that they built, that type of thing. And you're in, you have an office in New Zealand. Correct?

Ryan Scharar [00:02:40] Well we have a family business that's based in Houston, Texas, called FCA Corp. It was founded forty five years ago by my dad. And part of their business is to serve as a manager to certain international investments. So we have one particular privately held investment that's managed from the US that involves a partial ownership in a lodge in New Zealand. But interestingly, we have personal ties to New Zealand. My grandmother immigrated to the US from Scotland in I want to say it was 1918 when she was three or four years old and her aunt and uncle boarded a vessel that went to New Zealand. So that would make it, my dad has first cousins, if I'm not mistaken, I could be off there. But we have some cousins of mine that I still remain close to to this day because as a child we would travel to New Zealand to see the family. And as part of that, my dad decided to make part of his practice managing investments in and around New Zealand and Australia. So they were one of the first mutual funds that was formed. It's a publicly traded mutual fund, the Australia New Zealand Commonwealth Fund, that invests solely in Australia, New Zealand. So our ties to New Zealand date back a long, long time. I almost feel like it's a bit of a second home because I have close relationships with family members there and and certainly business ties that my dad has cultivated over the years.

Phil Yaeger [00:04:03] And how often you go to New Zealand?

Ryan Scharar [00:04:05] Well, as a child, I would go every three or four years. I went most recently two years ago, three years ago, I was able to bring my my wife's parents over on a trip with my parents. And we had a wonderful time. I took my young boys and my infant daughter at the time and spent a wonderful 10 or 12 days in Australia, New Zealand.

Phil Yaeger [00:04:26] Did they get hit hard by the covid virus?

Ryan Scharar [00:04:29] New Zealand is one of the safest countries in the world. I don't have specific statistics, but cases, the case count, headcount, death count on all accounts is one of the lowest spreads in the world.

Phil Yaeger [00:04:41] Very clean city. It must take care of the place.

Ryan Scharar [00:04:44] Auckland, New Zealand is the capital city. They have a beautiful downtown area. It's a relatively small area, but much of New Zealand is still agriculturally based. So it's just a much smaller geographical sort of location, but very clean, friendly people. A lot, lots of history and tradition there certainly.

Phil Yaeger [00:05:06] Auckland is where they have that opera house, correct?

Ryan Scharar [00:05:09] That's in Sydney. That's on the Sydney Harbor.

Phil Yaeger [00:05:11] You can see how good I am in geography. OK. OK. Now, I have never been to New Zealand. The furthest probably I've been, if you want to call it that is we took a trip to the Fiji Islands all around that area and it was probably, I don't know. What is the climate now? I mean, what's the climate? Today here in Maryland it's it's a rotten 30 degrees. It's raining. All right. Does their climate reverse with ours? Is that the way it works? Or is it mild warm all year round?

Ryan Scharar [00:05:43] No, it's certainly reversed here. You know, they're further down in the southern hemisphere. I misspoke earlier. Wellington is that is the capital city of New Zealand. Auckland is sort of the business hub. So New Zealand is primarily made of two large islands. The northern island is where Auckland is. And there are a number of fascinating areas to visit in New Zealand, including black sand beaches, traditional Maori tribes have a lot of historical significance in the country. But Wellington is the capital city that sits on the southernmost point of the northern island. And so when you get further south into New Zealand, they have a mountainous region. It's where Lord of the Rings was filmed, for example, so they can have tremendous snowpacks and outdoor adventure hunting opportunities and so on to get down when you get to Christchurch and further south. But the northern island would have a much more moderate sort of a temperature that certainly would fluctuate. So depending on the time of year, they're reversed from us. So if you went in the heart of our American Summer, it could be quite cold in New Zealand and raining.

Phil Yaeger [00:06:53] Now, if I went there right now, what I see kangaroos? Honestly would I see kangaroos?

Ryan Scharar [00:06:59] I don't believe you'd see kangaroos in New Zealand. You might see some kiwi bird and certainly see some sheep.

Phil Yaeger [00:07:04] You know what I've done this before. I've met people from New Zealand, Australia, and I always get, I listen to their accent. I say, "Don't say anything. Now speak. I'll tell you where you're from." And I always get New Zealand reversed with Australia. All right. And also, don't they sound a little British too? You can hear a British accent?

Ryan Scharar [00:07:23] Absolutely, yeah.

Phil Yaeger [00:07:25] The people are nice, right? They are nice. You said that.

Ryan Scharar [00:07:28] Some of the friendliest in the world. They're wonderful.

Phil Yaeger [00:07:30] Just like here in the US of A, right? Is that what you're saying?

Ryan Scharar [00:07:38] You're on vacation, you know, you're looking for the best in people when you're out looking to speak with people in sort of a nontraditional setting, who knows.

Phil Yaeger [00:07:45] Well, I remember we went to Bermuda one year and, you know, most people don't know it's off South Carolina. And we got off and these are the things I look at. I look at first thing is the streets are clean, all right. And I'll start talking. I mean, there were a bunch of children and they were coming out of school and they have to wear uniforms. And I was talking to them. Now, if that were in the States, they probably the kids would be a little leery of talking to a stranger, but they just opened up and that was so nice. And I mean, there are believe me, there are places I'd prefer to live than here in Maryland. You know, I had this crazy wish of moving to - we went to Amsterdam a couple of summers ago. And, yes, it's crowded during the summer. But I was I was very impressed. I thought it was a clean city, you know, I mean, just the way they run everything, the bicycles. And and I said to my wife, I said, "Gee, if I was only 40 years younger," all right, I'd probably want to go live there for a month now, a couple of months, just something different because it just was, I hated to leave that city, you know, but it was a cruise. So we had to go to Amsterdam. We went to Copenhagen, we went to Sweden. And I like Sweden. I'm a Abba fan. I don't know if you listen to Abba. All right.

Ryan Scharar [00:09:08] Yep.

Phil Yaeger [00:09:10] I want to go to the Abba museum. But, you know, you go on a cruise, you're there for a couple of hours the most. And we got to Saint Petersburg, which was very fascinating to me, you know, but I'm a snobby Easterner. And we went into the museum there. We went to a museum. All right. And it was a little warm. So I go I walk in and I said, excuse me, do you have air conditioning in this place? And they said, yes, it's on, it's called the air outside. But, you know, but that is something I have to visit a lot of places and I sort of regret it at this point in my life because my what's taken my life has been the CPA Review school, you know, forty some odd years. And if you want to run it right and you want to get service, you want help students, you want to help the profession, it's more than it's like it's not seven days a week. It's ten days a week. And that's what I decided I wanted to do because I mean, I like helping people, but I've gotten a lot of people through the CPA exam and now I could be in D.C. one day and a student stops me. Now, you know, back then, I was probably about the same age as the students, but I had the student says Phil Yaeger. So I said, yeah, I said, I'm sorry. I don't know who you are. He says, I took your course back in nineteen seventy eight, you know, and I say, well, gee, I'm really honored that you remember me, but now it's like I must have done something right because they enjoyed talking with me, speaking with me, you know. And they remembered my name. So that meant something. It really did. Your dad, is he also a tax attorney?

Ryan Scharar [00:10:54] He is. He's an attorney and CPA and I am and I also have a sister who's an attorney, CPA, so it's become a bit of a family tradition.

Phil Yaeger [00:11:02] How does everyone get along? Do you all work pretty close together or you don't?

Ryan Scharar [00:11:07] Everything's in transition now. As I mentioned, my dad's firm based in Houston, Texas, was formed by him some forty five years ago. My sister spent seven plus years with Deloitte in their tax department in Houston. She's been with FCA Corp. now for over a year, serving in a dual capacity tax and planning role. And my practice is in Fort Worth, Texas, through our law firm PC. But we are in the process of merging our tax practice with FCA. So we'll have a single unitary tax practice that will service our clients going forward and perhaps dual offices for FCA in Fort Worth and Houston come the new year.

Phil Yaeger [00:11:47] How many employees do you have?

Ryan Scharar [00:11:50] My firm has four and I have a tax attorney who's been with me since I formed my firm or shortly thereafter. My wife is also an attorney who works for me and she does estate planning work. I say works for me probably perhaps the wrong way.

Phil Yaeger [00:12:11] Are you concerned if she watches this thing or what? Go ahead.

Ryan Scharar [00:12:15] Yeah, I've got to make sure I get this one right. So using estate planning and business attorney, she had a prior life at a firm and now she spends a lot more time with our kids, but she practiced in the area of estate and probate and guardianship. And then I have a tax preparer who's been with me now for several tax seasons, a wonderful lady, and helps me keep keep the office running here and helps with returns and working with our clients.

Phil Yaeger [00:12:40] You are a bright man, where'd you go to college? What's your background on that?

Ryan Scharar [00:12:46] I have a bachelors in accounting from Stephen F Austin State University. It's a small state school in East Texas. I have a master's in business from Baylor University. And I have a law degree-.

Phil Yaeger [00:12:57] Can I stop you right there. You see, the people from that are on household international or something? The couple, they're in Waco. But they both went to Baylor. Right?

Ryan Scharar [00:13:13] Jeff and Joanna I believe.

Phil Yaeger [00:13:13] Yeah. Now, you probably know them, right?

Ryan Scharar [00:13:16] I've never met them, that was after my time.

Phil Yaeger [00:13:19] Well, I give them credit, they really built up a business.

Ryan Scharar [00:13:22] Absolutely.

Phil Yaeger [00:13:26] Well have you thought about any other education, maybe you're lacking or, you know, you have a law degree and, you know, taxes, what else would you want to do?

Ryan Scharar [00:13:36] Yes, I got my law degree in two thousand nine from Michigan State University college. Professionally, I've considered going back for a tax LLM, although at this point in time I have my CPA license and my my law license and I'm able to function at a high level with my clients. So perhaps certifications I'm considering taking the series sixty five, which I think may be a prerequisite requirement for working with a registered investment advisory firm. But if I were to take a more continuing education, it might be another professional license somewhere in the nature of certified financial planner, fraud examiners or something along those lines. I probably at this point in time, would not go back to a full time LLM tax program although crazier things have happened. So depending on where I am in life that would -

Phil Yaeger [00:14:25] I mean, where would you find the time? I was going to ask you another question. Have you thought about going to medical school also?

Ryan Scharar [00:14:33] No, I don't think I think I'm out on that one, that's too adventurous.

Phil Yaeger [00:14:38] You could be the CPA doctor, this could be really it could be a show, actually. We could sell it to the home and garden television network.

Ryan Scharar [00:14:43] At some point you have to specialize in some way, shape or form and so I think that's probably a little bit further then I'm that I'm ready to bite off at this point in time.

Phil Yaeger [00:14:52] I'm lucky I'm talking to you. You know, you're talking to me. I'm just a regular I'm a regular CPA, you know, and here it is. You have more degrees than a thermometer. And I think that's great. Yeah. It's actually it's an honor to talk to you. And I mean that.

Ryan Scharar [00:15:08] Thank you. It's a long path to get through schooling and professional exams and everything else, but it's rewarding at the end of the day.

Phil Yaeger [00:15:17] Would you recommend if you're an accountant, all right, you must go for the CPA, is that advice you would give to someone. The CPA exam is very difficult, the hardest professional exam. We're not comparing to a bar exam, whatever. All right. What would you tell a candidate coming out who's thinking about going for the CPA or maybe not going for the CPA? All right. What would you advise them from a career standpoint?

Ryan Scharar [00:15:45] Personally, the CPA license has been the most important professional thing that I've done in my career. It has unlocked more doors and access to have a seat at the table, but not only to have a seat at the table, but to meaningfully engage and understand on substantive issues that much of the world just doesn't understand. Because if you don't go through an accounting prerequisite course, you know, learning the mechanical elements of being an accountant, the debits and the credits is the starting point. But actually focusing on the CPA exam and getting licensed unlocks that professional opportunity where you can really do anything with your career, even if it doesn't remain in public accounting for the long haul. I'll use something. I'll steal a quote from one of my law school professors. And he said it in the context of having a bar license. He said it's a front row seat to the greatest show on Earth. And I think the CPA license is something that's akin to that for me, because, again, I may not be a subject matter expert on everything I come in contact with, but it's given me an opportunity to get the respect of peers, colleagues, clients to be hired and to be able to really at least have a prerequisite for figuring out that if I don't know the answer, I have a pretty good place to start researching something from. And so I think I would absolutely, to answer your question, recommend that any candidate that wants to pursue a career in accounting get that designation because it's professionally unlocked a lot of opportunities for me. And I know for a lot of people that I come in contact with.

Phil Yaeger [00:17:18] You keep up with what's going on in the profession, such as the AICPA's new evolution plan. You keep up with that at all?

Ryan Scharar [00:17:25] I can't reference that specifically. I am involved as a director on our Texas Society of CPAs, but I have limited involvement so far with the AICPA.

Phil Yaeger [00:17:37] The AICPA they seem to be and correct me if I'm wrong. All right. The they they go out there and they believe that really the CPA is the license to be in public accounting. And as a result of that, I don't know if it's a result of that. Right. The number of people in the past 10 years have decreased by about 50 percent. So the question is, you know, what should they do about this? I mean, is the CPA a license to do public accounting or should it be something else, like a license to do consulting, a license to do financial planning? All right. Well, what would you think? Do you think that the CPA is basically you take it so you can be an auditing, public accounting? What's your, what do you see on that? I mean, I'm just curious what your opinion is.

Ryan Scharar [00:18:29] Well, I do think it's certainly obviously historically a licensure exam exam. So, you know, it does provide for the credentialing that gives confidence ultimately to the end user of financial statements. Many of the areas that you might practice in don't necessarily need to have a CPA license. But I've found that clients value that license because it gives you instant credibility. They know that there was a complicated and very substantive and technical exam vetting process that you had to undergo in addition to having to sit with a firm that will sign off on your work experience and so on. And so I think that it's going to serve a valuable place in society for years to come. There are a lot of see and fill in the blank with different certifications now available out there. But most people, and certainly non non accountants have never heard of a lot of the other designations that are available. So not to single any of those out, but the CPA is truly the one where anyone who is a non accountant in business, for example, knows what a CPA is and knows that they've gone through rigor to get that designation. So I think it serves a purpose.

Phil Yaeger [00:19:37] A lot of people taking the CMA exam where you are, or is that something you don't hear about?

Ryan Scharar [00:19:42] It's pretty infrequent in the circles that I run in, but there's other people that might have different practices and think think otherwise. But that's a good example of C.M.A or CFP, or.

Phil Yaeger [00:19:54] Or CIA, ASPCA. No, I'm just kidding.

Ryan Scharar [00:19:58] Yeah. All those you know, those are those are valid credentials, but they end up being, I think, more narrow in their application.

Phil Yaeger [00:20:05] Yes.

Ryan Scharar [00:20:06] CPA is still the ticket that gets you the general admission pass to pursue whatever career you want.

Phil Yaeger [00:20:12] It is the union card, as I once heard that right. Now before we leave today. All right. Ryan, you wrote in your letter, now I'm holding you to this. All right. That you like to get involved with fun topics in addition to tax legal work? I do. Now, personally, I can't think of anything more fun than doing taxes. OK, all right. So what how do you feel? Are you a fun guy? Is that what you're saying? All right. Do your clients think you're very funny?

Ryan Scharar [00:20:42] I like to think that I am. I've got a sense of humor.

Phil Yaeger [00:20:45] Tell me your approach to your how are you dealing with clients and why you can come up with fun. What fun topics do you come up with?

Ryan Scharar [00:20:52] Well, look so much of working with clients is actually getting to understand who the client is. And I think there's an opportunity for practitioners to really be in a position to learn about your client's unique experiences, to find areas of common interest that go beyond just accounting. So obviously, I'm being hired for a specific matter, whether it's tax or legal, but to understand their their background, their families, their hobbies and interests. I think there's so much more that you can connect with people on. It goes beyond just the confines of what the attorney client relationship or CPA client relationship is. So I like to talk about hobbies and sports. I'm a big sports fan of baseball.

Phil Yaeger [00:21:31] What is your favorite sport?

Ryan Scharar [00:21:33] Probably baseball, love, love, baseball, but, you know, you can connect with your clients and friends on different levels of hobbies and joint pursuits of interests, you know, cycling, road cycling is something that I've developed an interest in. Traveling is certainly something so sharing and learning from other people's stories and things. I find that to be fascinating. And that's really how you form a connection and and deepen your relationship with them and hopefully earn their trust and love for them to refer you to someone that's in their sphere of influence.

Phil Yaeger [00:22:04] Now, I don't know if you know which team that I might actually enjoy that type of thing. Would you guess what my team would be?

Ryan Scharar [00:22:16] Either the Washington Nationals or the Baltimore Orioles.

Phil Yaeger [00:22:19] No, no, no, no, no, no, no. I'm still a Yankees fan.

Ryan Scharar [00:22:24] Uh oh.

Phil Yaeger [00:22:25] I collect old baseballs. All right. I started doing that about four years ago, and I it was one of these things. I got the interest and started looking into old baseballs, you know, and then like everything else, it starts getting boring. But no, I have a no, I have I think the thing is like, for example, Lou Gehrig, baseball, and this is the way I look at it. I hold baseball and I say, gee, Lou Gehrig held this. I mean, that's how I but, you know, and I've also met some of the old Yankees, all right. Because the people we bump into are now you're probably not going to hear of this person. Tell me if you've heard of Bobby Richardson. Sound familiar at all?

Ryan Scharar [00:23:08] I'm drawing a blank.

Phil Yaeger [00:23:11] Should I give you the buzzer now, Bobby played in the sixty one Yankees, he was Mickey Mantle's roommate. He's very, very nicest guy, he's a very religious person. And I've met him three times. And every time we see him, he takes my wife and I out and he make sure that I sit in the front seat. Anyway, nicest guy. I haven't seen him in a while. And these people getting up to their age 80 something. I hope we get to see him at least once.

Ryan Scharar [00:23:43] But that's great. You know, you have a childhood memory that you're still able to connect with. That's fantastic.

Phil Yaeger [00:23:50] Yes. The child back growing up, we have color television now. So if once we went to a New York Yankees, you know, you'd walk up the steps. You know, you saw the stadium, that brown dirt, the green grass and the smell of the grass. That to me was most phenomenal thing because we didn't have color television the way, you know, it was still going there, seeing the two monuments. One, I think to Lou Gehrig went to Babe Ruth. I it gave me chills and I was very lucky. Nineteen sixty seven my wife and I got married. I sang with a twenty five. You're absolutely right. And so anyway, Mickey Mantle, this was one of his last games. It's three in two. I don't know who they were playing, but it was three in two. All right. And it was the actually the other team was a so the Yankees. All right. Mantle came on all right. And he hit a double the centerfield. And then the other team, I think they double also. But the point was eventually became all right. All three bases were loaded. Mantle gets up there, you know, and this is two outs. And this is like a natural. You ever see the movie The Natural? If that is probably my favorite baseball movie. Anyway, you got up there and he he had bad legs, knees, whatever. And I remember he had he had three and two. All right. And then he hit a home run. That and, you know, it's interesting, I was talking to Bobby Richardson about that. And he says, you know, Phil, I was at that game like I would like to have met Mickey Mantle. I'm sure everyone would like to meet certain people. You know. Do you have anybody you'd like to meet who would that you would get some enjoyment and learn something from them? And I'm not talking about people in the business area. All right. Have you met any people? I mean, you like baseball. Right. All right. All right. Have you met any of those players?

Ryan Scharar [00:25:57] I wish I could say I have a bet one or two in passing, maybe as a child getting an autograph. I certainly follow baseball closely, but haven't had the opportunity to get to know anyone personally.

Phil Yaeger [00:26:09] You know, I think you got to spend more time with that instead of mutual fund investments. But that's uh-.

Ryan Scharar [00:26:16] That's something that I want to at least expose my boys to and I learned how to do that.

Phil Yaeger [00:26:21] How many boys do you have? I'm sorry again.

Ryan Scharar [00:26:23] I have two boys. Joseph is nine and Patrick is almost seven.

Phil Yaeger [00:26:27] And did you say had some girls, too, you have girls don't you?

Ryan Scharar [00:26:30] I have a three year old daughter, Sally.

Phil Yaeger [00:26:34] Oh, God, my granddaughter is graduating high school, my granddaughter, gosh, you know what, I'm sure you've heard this. Enjoy them. They grow up very fast. You know.

Ryan Scharar [00:26:47] We try. The days are long and the years are short, the weeks are short, what's the adage?.

Phil Yaeger [00:26:53] That's so true. That's very well put. Well, anyway, I want to thank you so much. Is there any comment you want to say? Anything you want to say about what you do the profession all right?

Ryan Scharar [00:27:04] Well, I would close maybe with this. You know, something that was instilled upon me at a young age was always give back. And I watched my dad tirelessly get back to a profession that he knew and loved through his involvement with the American Academy of Attorney CPAs. And he's mentored and taught and coached a number of professionals, planners and tax folks through the years. And so as I've sort of hit my stride in my career, I always take to heart the need to get back. So appreciative of the opportunity to join you today and I'd encourage anyone else.

Phil Yaeger [00:27:38] Thank you know, it's our pleasure. Please, it was our pleasure to have you on.

Ryan Scharar [00:27:42] Yeah. I think it's important just to never lose sight of how fortunate we can be, certainly with having these professional opportunities. And so get involved in your local chapters, state national chapters, and you can have a meaningful part and playing a role to pass the baton to the next generation to make the profession that we know and love that much more rewarding.

Phil Yaeger [00:28:04] What I try to do, is the CPA, the CPA candidates don't have an advocate because the CPA is just an advocate for the public. That's what they're concerned. So the one thing with this profession and I've seen this is one thing that bothers me, the competition. Right. They're not there for the benefit of the CPA candidate. They're there to get enough money in their pockets that there's never enough money in their pockets. So I make the candidates aware of the competition. I try to be nice about it. But, you know, I think a student is getting really shafted by these firms. I open my mouth and that's the way I'm trying to get back and to the charities also. And I do hope they find a cure one day for Parkinson's. My wife, she's doing pretty well. But, you know, Michael J. Fox is probably one of the best organizations. All right. And by the way, if you hear this and you feel like you want to give something right, give money to the Michael J. Fox Foundation. Right. They have not only have they raised money for research, but they've actually come up with some drugs that have gone on the market to help the Parkinson's. So I never met Michael J. Fox, but he's he's actually I think what happened, he got the Parkinson's so young. And you know what? Instead of looking down and saying, oh, I said, I am unlucky. He's actually very good attitude, very good attitude. So, you know, that's that's what I also don't take anything for granted. OK. All right. And do this. Kiss your spouse once a day. All right. Maybe twice. I always say I always say to my spouse, now I love you and I always give her a kiss when I leave. I think that's important. And I want to I want to congratulate you. Sound like you have a terrific family. All right. And I know that your father. All right. You seem to idolize your father. Is that wrong word?

Ryan Scharar [00:30:05] I have always respected him beyond beyond imagined, for the way he raised us and what he's done professionally.

Phil Yaeger [00:30:12] Well, you know, you don't hear that a lot. You hear a lot of children complaining of parents didn't do enough for them. So it's nice. It's refreshing to hear that. It really is. So, anyway, Ryan, I don't know what you expected from this show. All right. But I appreciate you being on. And by the way, when I get to Fort Worth, you don't have to take me to the outback.

Ryan Scharar [00:30:37] Be happy to host you here to show you some Texas hospitality.

Phil Yaeger [00:30:38] What is Texas hospitality?

Ryan Scharar [00:30:40] Well, in a normal time of year, we've got the rodeo here in Fort Worth. Stock show and rodeo has been going for about one hundred years.

Phil Yaeger [00:30:48] Really, ok.

Ryan Scharar [00:30:49] There's a way to to counter the friendliness of the Texans mixed with the Western spirit, perhaps.

Phil Yaeger [00:30:58] Well, you showed me a lot of hospitality on the show and sharing your thoughts with me. So I appreciate that. And as with this pandemic, stay well, stay safe. And I wish that to you and your family. And as the new year is approaching, which is hard to believe. Wow, I wish you a happy, healthy New Year. And once again, thank you so much for being on the CPA review and more. I think the students will listen to this, will get a lot of good information. It really will be. And do you have do you ever do any mentoring yourself or you basically. And not involved with that area, did you mentoring all right, for the you do OK. That's great.

Ryan Scharar [00:31:41] We've been involved, but I've been involved personally in a number of different mentoring initiatives. Both the State Bartek system and.

Phil Yaeger [00:31:47] I forgot to mention you were one of the 40 under 40. Right?

Ryan Scharar [00:31:52] I was yeah that's right.

Phil Yaeger [00:31:54] And that's terrific. Can you get me nominated to something like, you know, sixty five under sixty five or something? Could you put me up for.

Ryan Scharar [00:32:06] Some influencer lists and some uh-

Phil Yaeger [00:32:09] Yeah I'd like to be an influencer too. I'd like something to put up on the wall, you know, that's about it. You say, well I'll talk to you again. And this is Phil Yagur of Yagur CPA Review and more. And we thank you for listening. Every week we have a different show every Tuesday. And if you have a guest that you want in a certain area, please notify me. Please call me. I have a phone. Remember the old phones? 301-874-4900 and it's extension 5. 301-874-4900 extension 5. If you just want to give me a holler. All right. I'd love to talk to you because my wife says I don't shut up. So, you know, I would enjoy talking with you. And by the way, Ryan, you've got a great smile. I like that one. All right. All right. Take care. Stay well. Wherever you go. Be safe. Take care and we'll see you again next week, friends.