[Asja]

Hello to you, my fellow accounting friends:

So…I have a serious question…

Is the CPA license going to be essential to staying out of the rut when then middle class disappears? It is slowly being phased out. I understand that the only survivors will be those who understand trading and investment decisions. I know the CPA knows alot about the essentials of a healthy company, and how to access important documents, etc., in order to make wise invesment decisions. So, I am hoping to get into the upper class sometime in the next 20 years, by budgeting, not having debt, paying off the house, and, having a good income…

Does anyone plan on getting into trade at some point in time?

So, the question of the month is, what is your plan for becoming rich with your CPA license?

Well, I guess that is two questions of the month…Or three…

[Unknown]

LOL @ Jeff! I got sidetracked reading this. I really should be studying for REG, sigh.

Anyways, I think we should focus on one problem at a time. First is finishing the CPA and getting our license :).

[WEEE2CPAYE]

https://www.investopedia.com/financial-edge/0912/which-income-class-are-you.aspx

Overall, I think this article does a good job at addressing your concerns.

[Silent]

It all depends on your definition of “middle” class.

[Tncincy]

Oh Lord, You mean my CPA license won't mean nothing? Too bad, I'm studying anyway and when I get my license I'm going to celebrate and work and pay off my house and etc…..I'm not giving up my dream because of the stupid economy. Isn't economy apart of BEC? Oh Boy…well I'm in the middle of the class and trying to get out if it's just one foot or the CPA license. Study hard and good luck guys.

It begins with a 75
Been here too long as a cheerleader....ready to pass

[Keycat]

@BrightLIght If you believe that the dollar is not backed up by anything, then invest all your resources in commodities. That's what people who anticipate all sorts of crises do. Also, why don't you consult your professor of economics about your financial planning? It seems like he is a genius and would give you a better advice than anybody here. Reading this thread makes me doubt that you are a CPA or even close to this field, but I can be mistaken.

[jombe]

This BrightLight/Clearylost3772/Roze is a troll for sure.

FAR - 94 (10/4/15), Local Prep Online Lectures, BISK & NINJA MCQ
AUD - 99 (1/19/16), Local Prep Online Lectures, BISK & NINJA MCQ
REG - 96 (4/19/16), Local Prep Online Lectures, BISK & NINJA MCQ
BEC - 91 (7/19/16), Local Prep Online Lectures, BISK & NINJA MCQ

581 days of listening to lectures, reading texts & 10,000+ MCQs...

[Asja]

@Jumbo – Jumbo fries? IS that why you have a name like that? Yeah I can change my name on here – whic is great – without having to change the username and all my posts are visible – not worth reading them tho- I don't troll…I just don't have alot of friends and I am a bit abandoned by my parents and brother. You are all i've got, you genius with your hihg CPA scores – still coming here – I'm never going to come here once I pass my exams, “On with life” – on with life by coming on this forum platform? SO what, I don't like to just talk about the CPA exam alone, I like to think outside the box…Tcincy – I think being a CPA will help alot with staying within the middle class…I just, I guess i wanted to find out more about what other things one can do – yes -investing in commodities, exactly what my econ prof was saying Keycat – I don't want to ask him for advice, he happens to be my nationality and we speak the same native language – you;d think that would actually motivate us to interract but my nationality is the type that wants to avoid each other.

[jombe]

That's exactly what someone who's trolling would say.

FAR - 94 (10/4/15), Local Prep Online Lectures, BISK & NINJA MCQ
AUD - 99 (1/19/16), Local Prep Online Lectures, BISK & NINJA MCQ
REG - 96 (4/19/16), Local Prep Online Lectures, BISK & NINJA MCQ
BEC - 91 (7/19/16), Local Prep Online Lectures, BISK & NINJA MCQ

581 days of listening to lectures, reading texts & 10,000+ MCQs...

[Unknown]

Hmmmm curious as to the nationality that wants to avoid each other now….

[DiscontinuedOps]

The people who thrive in the new economy will be the ones who can adapt to change in their careers and lives, not the ones who can trade stocks. If you want to be in the upper middle class in 20 years, simply invest an appropriate percentage of your income into diversified, low-cost funds in tax advantaged accounts. Avoid using debt to finance any kind of depreciating asset (cars) and don't be afraid of using debt to finance appreciating assets (real estate). This is made easier with disposable income from a growing salary. That is where the CPA will be useful. All will be fine. The economy is not collapsing. The national debt is mostly a sign of strength for the U.S. The government owes more to its own citizens and financial institutions (who earn interest and grow) than it does to China. The fact that China has financed our growth for decades is good. Growing debt is fine so long as GDP grows with it. Not sure why I typed all this. Have a nice day.

[ohiocpacma]

I love how people think they have the most sound financial and investment advice. Except, all investments are subject to risk (a lot of people thought real estate was safe – but tell that to the guy in 2008/2009 who just retired how that affected his portfolio). My thinking is that you can not predict or control the outcome of your job, future, or investments. Try to live responsibly, but always know that uncertainty is the only certain thing about your future.

[Asja]

Thanks Ohiocpacma – I understand we cannot control everything…and nobody knows exactly what the future holds…But for now, I am just going to be very greatful that I can do this CPA. I can't believe how blessed we all are, truly.

[Keycat]

I know only one nationality who tend not to stick with each other when outside of their native country. It's Russians))).

[Author]

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