journey and thoughts before Aug 12th...share yours

JuniorCk8

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Like most of you, I have a TON of mixed thoughts, feelings and emotions leading up to next Tuesday’s results. It has been a little over 3 yrs since I started this journey in earning the esteemed CFA charter. I cracked my first L1 book open a month after my first daughter was born. It was awesome - a totally new life and venture me and my young family endured. I studied during nap times so I wouldn’t miss a second with her. Passed on first attempt in Dec.
My plan was then to tackle L2 in June (4 months after getting L1 results). Oh, and did I mention that about an hour after my L1 exam, I found out my wife was pregnant with our second child. It was surreal.
So, with having 4 months to tackle L2, a full time job, and an 18mo old daughter, I was fighting an uphill battle. I ended up failing Band 5 my first go around. I thought “I’m gonna nail this the second time around.” I must have forgotten my wife was going to give birth to our second daughter while I was knee-deep in Pension Accounting.
My second daughter was born about 2-3 months into my L2 studies (2nd attempt) - I started in October knowing that Jan/Feb was going to be difficult studying. I had 2 daughters under 2yrs of age, a full-time job, an amazing wife, and all the desire in the world to get over the Level 2 hump - my Failure Is Not An Option mentality helped me overcome the immense challenge I was faced with (and obviously created myself) - I passed L2 on my 2nd attempt last June.
Fast fwd to Level 3. I was gassed. I felt lost. I felt that, after everything I’ve accomplished and overcome in the last 2.5yrs, I had nothing to show for it. My wife would always tell me. “no matter what, me and the girls are still proud of you.” My response, every time, “I haven’t done anything yet, and don’t have anything to show for it.” I have raised 2 amazingly beautiful girls, done a decent job in my financial sales-oriented job, been a present husband, and tackled Levels 1 and 2 of the CFA program. Yet, if I get a Band 8. 9, 10 score next Tuesday, I will be enormously deflated. I certainly could not do what I have done, physically, mentally or emotionally, in the last 3 yrs in 10 lifetimes. I kept pressing on living life day by day. If I get an email saying that I passed, I honestly don’t know how I will feel. Relieved, emotional, excited, proud? I have no clue what the next steps are in my life beyond next Tuesday - at work, I even have my calendar blocked out after then. No meetings, no conf calls. If I failed, it’ll be business as usual come October - I will have to get back on the horse and prepare for L3 next June once again - be a full time Investment Consultant, full time CFA student, but a part-time father and husband. There is a fork in the road come next Tuesday, with 2 roads leading to complete opposite places. I don’t know which one I’ll take - even worse that I don’t have a choice at this point - for that, I am lost in my thoughts, feelings and emotions for the next 7 days until that fateful email gets received in my yahoo inbox. I didn’t have a clue what I was getting myself into 3 yrs ago. And, after all that I’ve been through, looking back, for some strange reason, I wouldn’t change a thing..
Best of luck to you all. I’d love to hear other stories about your journey. I hope to see you all soon on the other side (having earned the CFA charter)!
 
i’m sure there are a lot of people who feel the same way. it’s the time commitment that we have put in this program that make us feel exhausted. every time i feel nervous about the result, i just tell myself that there are other better things in life you can do other than studying for the CFA exams. so find a hobby and try to enjoy life.
 
“My plan was then to tackle L2 in June (4 months after getting L1 results). Oh, and did I mention that about an hour after my L1 exam, I found out my wife was pregnant with our second child. It was surreal.” . Man level2 had its toll on you. You couldn’t make a 3rd child . I wish you will recover soon.
 
My journey is eerily similar to yours. I did lvl 1 in Dec 12 & passed. I took lvl 2 right after that in June. The only difference was December 22nd, 2012 I had my second child, a little baby girl to go with a year & a half old son. In my business, accounting & financial planning, Dec-April 15th is horrible at work (taxes, reviews, etc, etc). Combining studying with a newborn, work & selling our old home & moving into a new home in February I was literally running on fumes. Result: FAILED Band 9. It was crushing - those that have failed know the feeling - I was numb for a week - have never failed a test before. That combined with me knowing I missed so much prescious time with my new baby it stung so much more. June 13 I got back on the horse & killed lvl 2 - knew I passed when I walked out. This time I feel the same way, but who knows. If I don’t pass I think I’m a lot like you, how can I continue to put this test in front of so many other things that are more important…Maybe I’m overthinking it…I guess it won’t matter if it’s good news Tuesday. Best of luck everyone. Let’s get by this & move onto something bigger & better!
 
I did not want to fail Level 3 and just wanted to be done. I’d say i studied a good 50% more for Level 3 than any other level. I am getting pretty anxious at the thought of Tuesday morning.
It’s been quite the journey.
  • Signed up for Level 1 in August of ‘08; didn’t take it as I started a new job.
  • Level 1 in December ‘09, barely passed as I was not a business major and had never taken any accounting. Was happy about passing but this ultimately led to…..
  • Got destroyed Level 2 in ‘10
  • Took the year off in ‘11
  • Failed band 10 Level 2 in ‘12
  • Passed Level 2 in ‘13
  • ….have cautiously convinced myself I failed Level 3 in ‘14
 
S2000magician wrote:
1BigStudMuffin wrote:
cgottuso8190 wrote:
1BigStudMuffin wrote:i need a can of mase because cgottuso’s flamboyant buttocks keeps stalking me…
fixed it for you again.
If you’re going to claim to have fixed it, the least you could do is to spell mace correctly.
im from Harlem World, thats how we spell it up here. 125th and lenox stand up.
 
Almost cried reading your post JuniorCk
Will come to share if I pass.
good luck to everyone!
 
“looking back, for some strange reason, I wouldn’t change a thing..”
that one totally got me.
 
Got married last year and found out my wife was pregnant before I started studying for level 3. I must say knowing that I will be a dad soon definitely put me under significant pressure to pass before my daughter is out (the due date is actually today; will see when she’ll pop out).
I have my fingers crossed that I can pass and not have to juggle between studying and spending time with my kid. I can imagine how difficult it must be. Much respect to you OP.
 
Sometimes we all wonder, whether CFA is something that is really worth pursuing. I believe, everyone has heard stories about comrades breaking up with girl friend purely because he has no time to talk to her during the preparation of the exams. Very few people who have not gone through this long, difficult journey could understand how much sacrifice people need to make. CFA is difficult - not because of its content but its length and the huge amount of material. There is only one sort of people who can finish the programme - the most determined ones.
Gold bless us all!
 
Also, forgot to say, I admire OP! It is almost not imagineable to study CFA wilst needing to take care of new borns. I guess you have to have really strong mind to be able to finish it!
You have my full respect!
 
Everyone has their story I guess, I don’t have a family, just a gf at that time, who was very understanding of my studies.. ..Asians usually are. What I’m proud of is passing so quickly given my background.
I studied applied physics and specialized my masters degree in maths and quantitative financial courses. Hence I never even opened a accounting book or studied much about micro/macro economics. When I applied for Level 1 I only had 3.5 months to study and I didn’t really know what I was getting into, so in the beginning I studied fairly slowly. With less than 3 months left I understood I have to take this seriously to pass. I put in as many hours I could and at the same time work full-time. I managed to push a bit over 200h hours in total, and passed Level 1. Most proud moment was getting 70%+ on accounting which was a horrible area for me to try to quick learn.
So as you December Lvl 1 passer know, it’s only 4 months to pass Level 2. This time I knew from the start this is serious stuff. I managed to push 300h hours of studies and passed Level 2. So in less 9 months I had passed Level 1&2.
Now for Level 3, I had the motivation, but then a lot of things happened in my life, broke up with the girlfriend, looking for new jobs, finally decided to leave HK for a great new role in my home country in Sweden. All in all I didn’t get the peace to study at all, I managed to push barely 200h of studies. Going into the exam I had accepted this might be a fail, although I felt the Level 3 material was fairly simple. The exam though felt fairly good, so going out of the exam room I felt I have a chance.. in 4 days we know.
 
thanks for sharing everyone. we all have our own unique stories, challenges, obstacles, and paths that have led us to this point (the stressful 4 days before L3 results). No matter your background, family, significant others, children, disabilities, etc., it is admirable to have gotten this far. Like someone above said, not many people know the difficulty of this program.
Regardless of your score next Tuesday, keep on fighting on. If you unfortunately failed, sulk, but quickly pick your head up and get over this beast! If you’re fortunate to have passed, enjoy the moment, but keep fighting through life to continue to get better, continue to challenge yourself, like you have the last 3-4-5 yrs.
 
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