Please help I'm taking the CFP Exam for the third time, suggestions?

Question

I have my series 7 and did very well. I'm starting to lose my confidence with this exam.

Answer 1

This test is a gruelling 6 hours extravaganza, challenging the mind — and the body. This may sound daunting; however, with the proper study habits and a few helpful hints you will past the 3rd time around.

DOs AND DON'Ts

Planche has helped scores of students write the CFP exam. Along the way, he has put together some dos and don’ts to help prepare for E-Day.

• Start today: The biggest mistake people make is waiting too late to begin studying. Then they try to cram it all into a short period of time. “Set up a schedule so you can review information in an organized fashion over a period of time,” says Planche. “You not only have to remember what you’re learning, but understand it. You will be tested on your ability to apply that knowledge to specific situations.”

• Use the sleep strategy: Planche says the best time to do go over calculations, review case studies and do memory work, such as acronyms, is just before you go to sleep. “You’ll find in the morning your brain has worked on it all night and your mind seems clearer the next morning,” he says.

• Pack your lunch: Don’t rely on finding something to eat when lunch hour rolls around. There may be nothing close by or the lineup may be too long. Bringing your lunch ensures you get what you want, when you want it. And you can pack the kind of food that will help you focus on the afternoon session. That means avoiding chocolate bars and other sugar-filled foods, which will only make you more tired than when you started. As for drinks, bring water rather than flavoured beverages — it’ll help keep the mind clear.

• Stay calm: When reading the first couple of questions on an exam, it’s normal to experience anxiety. Planche suggests reading over the exam first — answering only those questions you’re sure of. That will boost your confidence so that when you go back to the questions you skipped, you’ll be in a better frame of mind.



“CHALLENGING” THE EXAM

Several institutions offer review courses and study material to prepare for the exam, although the FPSC does not recommended any of them. Here are two:
• Gobeil and Associates Ltd. (www.gobeil.ca): The Stouffeville, Ont., company offers several courses, including the CFP Collection, which covers more than 1,000 multiple-choice questions; or the Personal Financial Planner’s Manual, a guide that can be used both to prepare for the exam and as reference afterward. Prices start at $100.
• Grant MacEwan College (www.gmcc.ab.ca): The Edmonton-based college offers, in partnership with Financial Facilitators Inc., in-class CFP-exam preparation using study guides and a mock exam. “The classes take place approximately three months before the exam, twice a year,” says Leanna Price, supervisor of the business outreach program at the college.

“Some examiners like to put the tough [questions] up front, and that throws people right off. You just have to remember that everyone in the room is thinking the same thing. Don’t get hung up on any one question. Give yourself a couple of minutes to answer it, and if you can’t, leave it to the end.”

Planche has another suggestion: if you’re the type to panic during an exam, get a blank piece of paper and cover up all the questions on the exam except for the one you’re answering. Only go to the next question once the previous one has been answered. “We find people who panic [during exams] are very intelligent. The problem is their mind is trying to pick up all the information at once, so their eyes are not reading just one question. They get confused,” he says.

• Check it twice: Underline key words in the questions, and read the question—and your answer—twice.

• Make sure it’s the best answer: Some questions may seem to have more than one correct answer. The key is to pick the answer that best applies to the question. For example, the question is: “What’s the benefit paid under worker’s compensation?” Answer A is: “Worker’s compensation is paid only when you have an accident on the job”; Answer B says the benefit is 85% 90% of your net take-home pay. Answer B wins you the point because it is the answer that directly answers the question. Even though A is a correct statement, it is an incorrect answer.

• Don’t second-guess yourself: The first response is usually the right one.

• Visualize yourself as a CFP: Walk into the exam believing in yourself. Tell yourself: “I will pass this exam.” People with the proper mental attitude almost always do better. The results of the CFP exam are mailed six to eight weeks after the sitting. Although the pass mark sits at about 60%, grades are not disclosed — only whether you have passed or failed. If you fail, you’ll be given an indication of your weak areas for when you rewrite the exam.

Answer 2

Cfp Exam Results

Answer 3

Cfp Exam Prep

Answer 4

relies upon on how badly you want to bypass to collegs. in case you want it, then try until eventually you're making it, whatever number circumstances you're taking the try. in case you do not sense waiting, take a twelve months off, stay "authentic existence," then try back. in the adventure that your targets lie elswhere, then tell your mum and dad that you want to pursue them. Oh, and in basic terms because you probably did not prevail at one ingredient does no longer make you a failure. It in basic terms means that you have not stumbled on your calling yet.