The Rise of the Online Binary Options Scam


As some of you already know, the design and content of Money After Graduation has recently been stolen and used as a front for a series of dummy websites set up to lure people into an binary options investment scam, called Magnum Options. To date, more than a dozen websites have been set up with my branding and photos. There’s a series of Facebook ads making outrageous claims that you can turn a few hundred bucks into hundreds of thousands, and claiming my name is Jessica Johnson or Gail Tanner and linking back to the Money After Graduation Facebook page: Binary options platforms are a major online investment scam Magnum Options claims to be a UK based online options trading platform, but I have yet to find any evidence that it’s a real company. Their corporate addresses are commercial office rentals in Australia and Britain. Their support line goes to […]


You Only Have To Do One Thing Right With Your Money At a Time


When you start becoming interested in managing your personal finances, the first thing you’ll probably feel is overwhelmed. There’s too many things to do. You have to track your spending, manage a budget, pay your debt, save for retirement, save an emergency fund, invest in the stock market, negotiate your salary, and on and on and on. You’re mired in debt but every personal finance blog you read is singing about financial freedom. The number of items needing “urgent” attention can be so paralyzing you default to doing nothing at all. The journey you need to take in order to be financially independent is so long you doubt you could get there in three lifetimes. Thankfully, you don’t have to. You only have to do one thing with your money at a time You might not have a clue about managing your money at the start of your financial journey. That’s […]


Learn How To Invest In The Stock Market

1 Comment

I’ll keep this blog post short and sweet, because I want to quickly share a big announcement! As many of you know, I’ve spent the past few weeks completely burning myself out to re-launch my flagship product, the Master Class Money Investing Program. This was my first paid product, and I originally launched the course 15 months ago (to the day!) in June 2015. I used my MBA in Finance and personal investing knowledge to create a comprehensive eCourse to teach millennials how to invest in the stock market. And I way overdid it.  Don’t get me wrong, the course is awesome, but if I could go back in time, I probably wouldn’t start my entrepreneurial journey by pouring a 2-year graduate finance degree into a single eCourse. I’ll save my everything-I-learned-about-entrepreneurship-in-my-first-year for a future post, and I promise, there will be far worst mistakes than “I over-delivered on my […]

salary you need to purchase a home in canada

Should You Save Money or Pay Extra On Your Mortgage?


A reader recently asked me: What would have the biggest payoff, putting $5,000 annually into a savings account or using it towards your mortgage? It’s a good question, and one I haven’t thought seriously about because I don’t have a mortgage, but I was in a math mood this weekend so I decided to work it out. Assumptions: You buy a $500,000 home (the average price in Canada) with 10% down You have a $5,000 surplus that you can use to either put in savings or pay towards your mortgage Your savings account grows tax free (TFSA) You earn an average rate of return of 5% on your savings because you invest in the stock market but aren’t that great at it You secure a mortgage interest rate of 2.39% for the first 5 years of your mortgage and 2.99% for the 5 years after that Your house appreciates at 3% […]

debt avalanche vs debt snowball

The Debt Avalanche vs. The Debt Snowball


When it comes to paying off debt, there are two popular strategies that are typically encouraged: The Debt Avalanche method or the Debt Snowball method Both of these winter-themed strategies are effective for getting you to debt-free, but each has pros and cons. The Debt Avalanche method The Debt Avalanche method consists of paying off your debt with the highest interest rate first. Once it’s paid off in full, you then focus on the next highest interest rate debt, and so on, until you pay off your lowest interest rate debt last. Because you get rid of your highest interest debts first, the Debt Avalanche method saves you the most money overall. For this reason, it is mathematically the best solution to paying off your debts. Using the Debt Avalanche method, you will likely focus on paying off things like credit cards and lines of credit before you tackle traditional low-interest debts like student […]