The 7 Biggest Mistakes People Make on the CFA Exam

Passing the CFA exam can seem like an impossible dream, but it doesn't have to be. Becoming a CFA charterholder is one of the most effective ways to enhance your career.

Passing the CFA exam can seem like an impossible dream, but it doesn't have to be. Becoming a CFA charterholder is one of the most effective ways to enhance your career. When you combine the right amount of motivation, commitment, and the perfect prep for the CFA exam, CFA success is yours for the taking. It's not always about what you have. It's always about what you can have. However, there's more to success than simply having the right ingredients or the best products.

So here's 7 ways you could jeopardize your CFA exam success so you know how to avoid it: 

Keep Waiting For The Perfect Moment: there is no ideal time to work towards your career goals. There will always be a reason to decide that right now is not the time for CFA exam studies. You always have a reason not to study for the CFA exams right now. If you accept that there's no perfect time, you'll get to work on your goals for your CFA charter the soonest possible. 

Not Have A Plan: having a sound game plan for the CFA exam will help you to succeed in the exam. Make a commitment to account for your time and stick to your plan while adjusting your priorities as needed.

Have A Bad Attitude: all challenges have solutions, so you should always have a positive attitude. Sure, the solution may not be what you wanted but a change in perspective always leads to results. Moreover, optimism is a key component in academic performance, career success, and other areas of your life.

Half-Commit To Your Goal: if you want to run a marathon, you need to build up to it. Likewise, the CFA exam is a unique marathon in itself and you can’t just show up and expect to get good grades. It demands a huge amount of practice, and it takes a personal vow of commitment. So, begin by fully committing to getting your CFA Charter, starting on day one.

Attempt To Do It Alone: there are many benefits to having a supportive team of people around you, including providing better coping skills and decreasing stress. You can find the support you need from fellow CFA Charter candidates, other students, and even instructors at your school to share the challenging moments you may encounter as you work towards your CFA Charter.

Not Complete The Proper Hours Of Study: the fastest way to fail any CFA exam is not putting in the necessary hours needed to pass. The CFA exam covers a tremendous amount of information on a wide array of topics, so you have to commit to working through all the material to succeed on exam day.

Choosing Not To Use A Third-Party CFA Prep Provider: passing the CFA exam without a prep provider is like driving to an unfamiliar destination without a map. It'll take a while to get through everything even with a prep provider, and that’s okay, because there’s so much to learn along the way. Honestly, CFA exam learning platforms provide everything you need to be successful on the CFA exam, kinda like a really supportive, intelligent best friend. 

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