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Thursday, February 08, 2007

CFP Test REALLY HARD

Boy am I dense. I just realized that comments need to be moderated before they post. Sorry to everyone who tried to post.

Well, I didn't pass the test. To be frank I really didn't feel good about it after taking the test. It was two days of testing 4 hours Friday and 6 hours on Saturday. I try to comfort myself with the knowledge that only 53% of the people who took the test actually passed. Ok...that's lame comfort but I'll take what I can get. Even though I didn't pass this time, the information gleaned from the 2 1/2 years of study for the CFP and the review course has been invaluable in being able to do good overall financial advising.

So the big question is: do I want to put myself through this meat grinder again? Time, money, stress. Or should I refocus on obtaining the next license which isn't predicated on having the CFP designation? I was planning to do that as well. That one allows me to do financial planning and hourly or flat fee based business. The reality is that I am within sight of retirement and in doing a cost benefit analysis of obtaining the CFP with the time left and my clientele and how many people I would or would not do business without the designation....... I've decided.....refocus. Whew. That decision is made.

I'll post my next test results.