Archive for March 2009

Waiting for My NTS

March 20, 2009

Last week I sent off my CPA exam application, and now I’m waiting (the estimate is not longer than 6 weeks) to receive my NTS (Notice to Schedule), which will allow me to schedule the four parts of the exam.

I’m planning to do Financial at the end of May, Audit at the beginning of July (every third month is an off month when nobody can take any of the CPA exam sections), Business and Economic Concepts toward the end of July, and Regulation mid-August.

I’ll be taking a few last classes over the summer, too, so I’ll be one busy studier. But from what everybody tells me, it’s definitely worth getting the CPA exam finished before you start working full time.

I’ve cracked open my Becker review materials and have been impressed by the content, the organization, and the way it’s very much catered to helping people develop and stick to their own self study program. That’ll be the key for me – sticking to a well-developed self-study program, even when I’m starting to feel burned out.

Monday marks the beginning of my self-study program. Wish me luck!

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Just 30%

March 4, 2009

If you were to put $1 in an investment with a 100% return on your money each period, how many periods would it take for that $1 to become $1 million?

Period  $             1
1  $             2
2  $             4
3  $             8
4  $           16
5  $           32
6  $           64
7  $         128
8  $         256
9  $         512
10  $      1,024
11  $      2,048
12  $      4,096
13  $      8,192
14  $     16,384
15  $     32,768
16  $     65,536
17  $   131,072
18  $   262,144
19  $   524,288
20  $1,048,576

Now, let’s tax those returns by 30% every year. How much of a difference would that make by the end of the twentieth period?

Period  $             1
1  $             2
2  $             3
3  $             5
4  $             8
5  $           14
6  $           24
7  $           41
8  $           70
9  $         119
10  $         202
11  $         343
12  $         583
13  $         990
14  $      1,684
15  $      2,862
16  $      4,866
17  $      8,272
18  $     14,063
19  $     23,907
20  $     40,642

 

I found that to be an interesting comparison.*

 

*I’m not making a political statement of any sort, but since you asked, I admit that the money-loving side of me is feeling rather ill at the moment.

Less Can Be More, Right?

March 2, 2009

Since I joined the blogging community one month ago, I’ve been observing the various styles of blogging and trying to decide what my approach should be. I’ve decided that I can best contribute to the blogosphere by posting and commenting when I really have something worthwhile to say, not just for the sake of posting itself.

That said, I recognize that it takes effort to come up with good content, and so my plan is not to just wait until ideas hit me, but rather to actively seek interesting post ideas and then spend sufficient energy to produce posts that I can read later and be at least marginally happy with.

From now on, I won’t try to post every day or even every other day. I’ll post when I’ve had a chance to write something worthwhile. That’ll give me more time to study for school, to study for the CPA exam, and to comment on your posts.

In other words, I have more exams this week. Fun times!