Sorry for the very specific content not meant for most of my readers, but I need to share this…
If you are currently on the path to acheiving your CFP® (Certified Financial Planner) Designation, the CSI routes (even if you took both, like I did because I’m crazy, ie: the WME & FP1 & FP2 routes) these courses DO NOT fully prepare you for the level and depth of material you will require knowledge on to be successful with writing the FPE1 and FPE2.
I’m writing the FPE1 tomorrow morning, and I don’t feel prepared enough despite a month of almost full-time study in my off-hours. I believed, incorrectly, that the prerequisites (specifically the FP track) would give me a good foundation, and that I’d just need to brush up on all the details of the course materials I’d already been successful with. When I opened up my exam prep books a month ago, my heart jumped. And, not in a good way.
I have aquired the Gobeil Handbooks, Gobeil 1000 Questions, and the Foran books as well as Foran practice exam questions for CFP preparation – these are a MUST-HAVE if you have only the CSI materials) The material is MUCH deeper, and far more specific than the courses I just finished. Also, get your hands on the SeeWhyLearning.com study guides for the FP courses, as they are a good basis to do review with.
So, if you are thinking you are going to be ready for the CFP® after a few weeks of study and review fresh after your CSI courses… You’ll be in for a shock. Put aside at least two solid full-time months of study with the exam prep materials after your CSI courses. Be prepared to let go of your social life entirely. If I knew then what I know now, I probably would have put off my first exam until next June.
Let’s hope I’ve learned enough to move on to the next and final exam, the FPE2, next June.
Your turn: Are you preparing for your CFP® designation? Are you crazy like me, and doing both the PFP® and CFP® at the same time?