Sunday, March 4, 2012

Why should you think of pursuing the CFA (Chartered Financial Analyst) Designation?

How to fight the fear of CORPORATE FINANCE subject during the MBA? By attacking it with a sledge hammer!

I must confess, I still have a fear of Corporate Finance subject. Need to learn the subject in more depth. So what am I doing about it? I am hitting the big bad tough hulk monster called Corporate Finance with all I got - attacking it with a Sledge Hammer, LOL. Time is running out and there is so much to learn. So what I am planning to do is OVER-COMPENSATE! What I mean by this is ---> I am having a hard time learning the details. So I am gonna aim at the CFA exam level preparation, so that I at least get the basics and advanced Finance good.

I am using the psychology of:
 "Aim for the moon; Even if you miss, at least, you shall get the stars!"

Here is another way I am inspiring myself:
  • Finance is all about MONEY.
  • And business is all about MONEY.
  • All of us love MONEY.
  • All of us want MONEY 
  • All of us, including all businesses, need MONEY.
  • So, why should we MBAs be scared to learn about MONEY (Corporate FINANCE!)? Ha!
  • We should love Finance now on and not fear it!
  • We should play with and tease the monster Finance now on and befriend it!
I have decided to take EXTRA EXTRA interest in Finance, now on & over compensate. It is a cycle - fear breeds fear and confidence breeds confidence.

It is waaay BETTER to be in the CONFIDENCE loop rather than the FEAR loop !

Makes life much easier.

My strategy to learn Corporate Finance:
  • Text books
  • You Tube videos
  • Websites
  • Lyryx exercises
  • Class notes
  • Practice exercises
  • Constant focus & attention to the subject - dedicating time and energy.  
Wish me luck in quest to master this monster called Finance! Watch out monster, here I come to get ya, LOL!

- Gerry Som.