It happens whenever any program reaches at a height of popularity a hallo starts forming around. it. People start start spreading rumours, these rumours become spread from mouth to ear. The older the program gets bigger the rumours get, turning it into myths. Myths propagate from generations to generations. So people start advising the a aspiring students about CFA institute made a student erase brand printing of eraser he was carrying for exam.
Or how a student puked in-between the exams due to huge pressure of the exam. Some of these myths are interesting and they make a good entertainment, but some makes people fool. So today I am going to bust some myths which if spread may be harmful from exam point of view.
People say the guy seating next to him studied for only one month before the exam and passed, to make his point another person says a friend of him passed just preparing for 10 days. Yes definitely these may be the Einstein in our world, but let them be themselves, for us mortals studying hard for 4-5 months is the only way to salvation. There is no sure shot way than a hard way. So if you want to pass the CFA exam without dependant upon luck, start studying 3-4 hours a day 5 months before the exam. If next time some body tells you he passed the exam by just studying one day before exam give a hard laugh for being so entertaining, and start studying.
The next myth is about style of studying, as there is an old saying listen to everybody but do what you feel is the right to do. Definitely listen to advice of people around you who has passed the exam using their own tricks, but always decide on the way which suites you. Some people can study best at night some at the dawn, some can study 8 hours at a stretch, some only 2 hours at a time. Pace your study pattern according to your natural style, don't over do on advice, try different methods before setting on your own. Coaching classes and tuitions are there for peer pressure only but the pressure works best if you have the motivation to do the labours.
So if next time somebody tells you a secret trick he discovered during CFA study definitely listen to it, think over it but use it wisely only if it fits in you pattern.
Have you ever heard people cribbing about losing precious 4 years of their life due to preparation for CFA, or people not able to give time to family due to the preparations. Consider them all as myth, the same way as disciplined investment is the only near sure shot way which makes a man wealthy; Disciplined study over a long time is the only sure shot way to pass the exam without undergoing stress. You need not lose on the enjoyments in the life if study is planned in a disciplined way. Only planning i not enough but implementing is even more important than the planning. Ideally a person start losing concentration and interest in the study after a certain amount of dedicated study. So no one should sacrifice his 4 years of life for the exam, a perfect fun study and work balance can give the confidence of partying (not the hard partying ;) ) with friend just a week before the exam. So no need to say no when next time your spouse wants to watch a romantic movie with you a week before the exam.
So will publish next few myths in the next part of the post.
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