I am a charterholder. What's my opinion of the CFA journey?
Now that I have the charter, is it worth it?
I feel the CFA exam and all that it entails were not worth it. The CFA teaches things that will not suddenly make you good with money. What it does do is make you a higher paid EMPLOYEE to any company you work for. What it does teach you are tools to manage the money of OTHERS (not yours). And the more you earn with an employer, the greater of a slave you’ll be to them. In other words, the CFA makes you a high paid slave. Today, I am no closer to living a truly free life than I was when I started the charter. I just earn maybe $20,000-$40,000 more a year, which when taxed, is barely anything significant. I still wake up everyday at 6am and come home at 6pm, and I pray everyday my master employer doesn’t fire me.
If I had to do it again, I would’ve trained myself to learn about money and how to make it as an entrepreneur. In my journey after the CFA, I have come to know people who retire at 35 and travel the world. How? By finding ways to make money outside of working for The Man.
Really dig deep and ask yourself what you want. Do you want a high paid job until you’re 59 1/2 (which you’ll likely get with the CFA, if not now eventually because the CFA does have significance)? Or do you want to retire and be financially free before 40?
Study together. Pass together.
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