tag:blogger.com,1999:blog-34932215738810605322024-03-13T10:14:25.810-07:00Aspiration's PurseAttilahttp://www.blogger.com/profile/00892259118494149124noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-3493221573881060532.post-75368382523692414282010-09-10T08:47:00.000-07:002016-09-10T08:47:31.808-07:00CPA Exams This YearSince the CPA exams are changing formats starting 1/1/11 to include IFRS
in addition to other format changes, I'm going to have to take my
electives after I take the exams. I'll end up moving the exams to the
end of this year. I'll take FAR first once I finish my last class in
June. That way I don't have to take an updated test version and have to
learn a whole bunch of new IFRS material that I have not learned. I'll
probably take FAR and Auditing this year and then possibly REG; if not
I'll do BEC and REG next year in Jan. I am doing FAR in August so that
when I hear back in September (and I fail), I still can retake it again
in October/November since I'm not allowed to retake it in December. Or,
if work gets too busy I'll have to push the test back further but then I
won't be allowed to fail =) I probably won't fail unless my ADD gets
in the way. If it ends up being a huge problem, I'll probably have to
go back to the neurologist and get a doctors note to split the test up
into two hours instead of four. I'm not sure if they accommodate for
that though.<br /><br />Sucks...<br /><br />June - End of Audit class<br />August - take FAR<br />November - take Auditing<br />Jan - take REG<br />Feb - take BEC<br />March - take my two electives<br /><br />June - when class ends and I finish my 150 credits, I'll be certified since I already work at the CPA firm.<br /><br />Usually
work gets busy in the fall and winter so maybe this year I'll get
lucky? Otherwise I won't be able to put in the recommended 20 hours a
week study time. That's okay.Attilahttp://www.blogger.com/profile/00892259118494149124noreply@blogger.com0tag:blogger.com,1999:blog-3493221573881060532.post-49315518612725303052010-03-11T08:46:00.000-08:002016-09-10T08:46:39.353-07:00AP's Millionaire Club PledgeSince I had plans of saving up a million dollars to [not sharing] in the long future anyway, I joined the Millionaire Club. Basically,
I want to buy[not sharing] so that I can amass enough wealth to reach
people in need, or be used by God to carry out whatever He so desires
through me. I am completely okay with plans changing. However, I like a
flexible road map to head toward tentative goals. I am not sharing my
future goals because they may change; they're unique to my vision and
don't want others copying me; the anonymous blogger(s) leaving half
brain dead comments on my blog lately have made me inclined to keep my
best kept secrets to myself. <br /><br />Here's my pledge:<br />
<blockquote>
<br />1.
Contribute 15% to my Roth 401(k) a year plus receive 6% of my salary
from the firm for a total of 21% contributed to retirement per year.<br /><br />2.
Save $1,300-$2,000 a month for investing in stocks for the long (not
for retirement) using my value investing philosophies. This money will
go towards my plan to buy a particular business I have in mind. If I
change my mind, whatever!<br /><br />3. Don't spend money on people who wouldn't spend their money on someone else. <br /><br />4. Donate 12-15% of my income a year.<br /><br />5.
Re-evaluate myself when the times change; look for new things to learn
to increase my value and ability to generate revenue for an employer or
for myself. <br /><br />6. Live below my means. Never buy what I can afford but always buy half or less than what I can actually afford.<br /><br />7. Put God first in all that I do and let Him have all the glory.</blockquote>
Attilahttp://www.blogger.com/profile/00892259118494149124noreply@blogger.com0tag:blogger.com,1999:blog-3493221573881060532.post-33330681284891922312010-03-10T08:40:00.000-08:002016-09-10T08:49:20.099-07:00This Is It: I'm Debt Free.<div class="separator" style="clear: both; text-align: center;">
<a href="https://3.bp.blogspot.com/-_311qWwhzjw/V9QpSuODrZI/AAAAAAAADOM/jAacgxVko84iFhCySApPkfYejZHlSqQDgCLcB/s1600/total.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="179" src="https://3.bp.blogspot.com/-_311qWwhzjw/V9QpSuODrZI/AAAAAAAADOM/jAacgxVko84iFhCySApPkfYejZHlSqQDgCLcB/s320/total.PNG" width="320" /></a></div>
<span id="goog_1298422148"></span><span id="goog_1298422149"></span><br />
<br />
I am now absolutely <b><span style="color: blue;"><a href="http://gov.capital/" target="_blank">debt free</a></span></b>. I'll never go into debt again. I'll probably get a mortgage some day, but no other debt.<br />
<br />
I
loaned money to go away to school for four years to get a degree that
would get me a management consulting job at 21, starting at $60,000 and a
$12,000 signing bonus. Some people told me that they wouldn't go to my
school because it's too expensive, but the only expensive part is
living costs for four years. These same people who said they wouldn't
go to my school are still putting themselves through school at a local
college while working at a fast food chain and will make half of what I
started out at age 21. When I worked with them, I knew I wasn't there
for the rest of my life. I knew it was a temporary job. Some of them
believed me, but some of them probably thought I was only worth $7/hour.<br />
<br />
I
could have gone to my school without taking on so many loans. That's
the only thing I would change if I went back in time. Do I regret going
to my school? No way. Was I a school elitist? Yes, probably. Am I
now? Not as much, but as long as you know with an 80% probability what
you will make coming out for going to a certain school, take on the
debt. If it's an area of study that can be done cheaper, do it cheaper
and without debt.<br />
<br />
Always do a cost benefit analysis before you
pay for ANYTHING. Is the money you have to put in worth the money you
will get out of it? I thought I wanted to become an executive so I went
to my school and paid the money I paid. I don't want to be an exec
anymore, but yes the opportunities I took while at the university have
changed my future earning power forever.<br />
<br />
If you have the scores
and the requirements to get into a top 5 national school, do it. But
not if you're going to party every weekend and not compete with your
classmates for the best job. And not if you never seem to come out on
top no matter how hard you try. If you're just average, just go with
what costs less. Why go where you have too much competition? You have
to know yourself, your strengths, and your weaknesses while in high
school. You have to position yourself for the future at a very young
age and you can't just go from step A to step Z without steps B-Y. Do
what you're good at. Go where you come out on top. I never applied for
the jobs that the whole entire graduating class was interviewing for. I
went for the ones that were a little more obscure or the ones that came
after ME, not the other way around.<br />
<br />
My internship was a stepping
stone for me to get into management consulting. I didn't plan on doing
what I did at my internship at the time. I took it to get my foot in
the door. Be creative in how you get through life! My jobs and all my
extracurricular activities since high school were things I did to
develop skills I wanted to improve, and obtain experiences that would
help me get myself into consulting. I didn't do it just because I
just LOVE going door to door to businesses, asking for sponsorship money
for a non-profit. I did it because it would help me gain confidence,
help me learn to sell an idea, and help me apply my leadership skills.
Everything I've done since high school may not be directly related to
my future, but each offered me a new facet to my personality and that's
why I was so active.<br />
<br />
Open all your doors of opportunities so that
it's up to you to close them. Most good things in life don't just
happen. You make them happen. Above all, don't forget to put God first
because He will lead you to do what He specifically put you on this
earth to do. You can do far more with God than without Him. I know I
couldn't have done what I did if it wasn't part of God's will for my
life. No matter through bad or good things in life, always lean on God.
God is not a good luck charm; He knows this earth is full of sin and
consequence. We have the assurance that He will be there for us to lean
on, no matter what, and our eternal life is secure in Him. In that
sense, no matter how rough life gets, if you know you will spend
eternity with God, that's all that matters. That is the hope that we
have as Christians. Not hope in earthly promises, for they will fade
away. God cares about our soul- what stays when we are gone from this
earth.Attilahttp://www.blogger.com/profile/00892259118494149124noreply@blogger.com0tag:blogger.com,1999:blog-3493221573881060532.post-5130233464264718822010-03-09T08:47:00.000-08:002016-09-10T08:48:08.236-07:00Should I Use My EF to Be Debt Free?I'm so close to being debt free, but I don't know if I should string it out one more month into April.<br /><br />Here's the deal:<br /><br />After
my second paycheck for the month of March, I will have around $1,234
left to pay off my student loans and be 100% debt free! Should I just
use my emergency fund or something else to pay that $1,234 off this
month and get rid of the <span style="color: #993399; font-weight: bold;">$5,800</span> left?<br /><br />Emergency Fund Components:<br /><br /><span style="color: #009900;">Account 1</span> - $2,230<br /><span style="color: red;">24 Month CD</span> - Only on month 1 of 24 - $2,000 @ 2.09%<br /><span style="color: #990000;">24 Month CD</span>- Expires October 2010 - $1,057 @ 4%<br /><span style="color: #339999;">6 Month CD</span> - Matures March 10, 2010 but I get an additional .5% interest if I roll it over to continue 6 more months - $506 @ 1.75%<br /><br />Or
should I ask my brokerage account I trade stocks in for a check for the
stock I just sold? I was thinking of buying a particular company
really soon but the market has been going up so I haven't bought it yet
and have been waiting for prices to dip.<br /><br />I have about $1,300
available in the brokerage account as proceeds from a recent sale. I
was going to use that to buy my next stock I am looking at. I kind of
don't want to use this money because if I buy this stock I want it will
return me a lot more than 3%, which is the interest I pay on my student
loan. I'm not very inclined to use the money out of there.<br /><br />My
401(k) has $36,000 in it which I can't touch until I'm 65...so that's
out of the question. Once I get out of debt, I'm going to jack up my
contributions to 25% for three months to make up for not contributing
for the last three months. Then I'll take it down to more like 5-10%.
My employer gives 6% of our salary to our 401(k) so I have to remember
to add 6% to whatever amount I choose to contribute. If I contribute
5%, it would actually be 11%.<br /><br /><span style="font-weight: bold;">What should I do? Just be debt free in April? Or take the money from EF Account 1 and have almost nothing in my EF for a month?</span><br /><br />I'm
finally almost there!! I get to KEEP my money instead of pay off my
education! I think it's funny when the school sends me requests for
donations and they try to say things about how you got a good value out
of it and the school got you a great job...to that I say... TELL THAT TO
THE ONES WHO GOT SCHOOL PAID FOR BY THEIR PARENTS :) I feel like 90%
of the students at my college didn't have to pay! There were only two
other people besides myself that I knew who had to pay. Although I
really want to donate, I'm like nehhhh I am not obligated to!! I paid
for my schooling! Maybe if I ever get really wealthy I will donate
some....but for now, I think $70,000 is enough! :P Even though that
includes my living expenses for 4 years...<br /><br />There's a guy in my
sister's class who is apparently royalty in China and during a group
discussion game about race and opportunity, he shared that when he was
in his country he was part of the government and everyone made way for
him, but he blends in here and no one knows how rich he is. Guys like
him can donate!! :DAttilahttp://www.blogger.com/profile/00892259118494149124noreply@blogger.com0