Best Method for CPA

Reddit Comments Summary

Wiley: Cheaper and easier to self-study compared to Becker.
Becker: More expensive, suggested especially if a firm is paying for it.
It's recommended to study even before getting your grade on exams, time is crucial.
School advisors can help with exam applications and studying.

Focus on understanding in college accounting courses rather than memorizing.
Apply Benford's Law with caution and context, especially for stocks with only a few orders of magnitude.
For complex, new wealth situations, trusts, S Corps, and LLCs can be beneficial.
Set up a trust to avoid probate and take advantage of the step-up provision.
Consider diversifying investments to reduce risk and rely on dividends for consistent income.

Advised against wealth managers unless essential, may not provide substantial returns over Index funds.
Consider self-studying financial independence principles and using trusts, LLCs, and S Corps for financial planning.
Recommendations to read "Richest Man in Babylon" for wealth acquisition and management.
Ensure careful financial planning and cautious spending to secure long-term financial stability.
General caution against impulse spending and purchasing expensive assets like luxury cars.

Be cautious with windfall spending to secure long-term financial well-being.
Consider conservative investing principles for a safe retirement plan.
Park windfall funds in secure accounts or investments, considering coverage limits.
Ensure you have a strategic plan for retirement and long-term financial security.
Always think long-term and consider potential financial risks and needs.

Suggested safe withdrawal rates for retirement planning (4% for 30-year retirement, 3.5% for >30 years).
Encouragement to think beyond immediate spending and prioritize long-term wealth preservation.
Be cautious of sudden lifestyle changes post-windfall and prioritize financial security.