Conditional orders provide automation to self-directed investors


I’ve been investing in the stock market for nearly six years, and I’ve always taken the responsibility of managing my own investment portfolio. Over the years, as I’ve become a more strategic investor who seeks larger returns from my trading, I’ve stuck to the same trading plan. A trading plan consists of determining at what price you will purchase or sell a security. Making a plan before I actually make any trades gives me a roadmap to follow, so I’m not swayed by market conditions or other external influences. Knowing when you will buy or sell a stock ensures you make logical – and not emotional – investment decisions. How do you stick to your trading plan if you aren’t watching the markets on a regular basis? You manage your portfolio Innovation in fintech has resulted in the emergence of online trading platforms. As a self-directed investor, accessing the markets […]

You Need To Do More Than Live Within Your Means


In our pro-debt culture, people are applauded for living within their means. Success stories appear every day that tell the same tale: “My money was all chaos, and then I created a budget and stopped spending more than I make!”, to which twenty congratulatory comments will follow, ranging from “wow you’re so disciplined!” to “omg congratulations this is such a huge achievement for you!” Why? Because living within your means with so much available credit is hard. Damn hard. But it’s not enough. We need to talk about how not spending more than you earn is the minimum — as in, the bare minimum — to enjoy any kind of control over your finances. Living within your means is like getting a C in math class: congratulations, you passed, but no one would trust you to teach Calculus. Eventually it runs out Credit — and the lifestyle it affords — are easy to access, but only […]

The Secret to Achieving Financial Wins


The conversation around money and financial literacy is usually one of doom & gloom: If you don’t make/save/invest enough, you will suffer for it. I love a good financial scare tactic as much as anyone, but I sometimes think we get a little too hung up on the negatives and forget to focus on all the good that comes from having your finances in order. It’s time to engage in more positive conversation about our money. Credit Education Week November 7th through 11th is Credit Education Week Canada (CEWC). It originally began in 2007 through a partnership between Credit Canada Debt Solutions and Capital One Canada. The two organizations came together with the goal of fostering credit education across the country, and teaching Canadians how credit works and how to manage it responsibly. This year, there will be over 170 financial education events including, workshops and lunch and learns, across […]

Why We Need More Female Entrepreneurs


Next month marks 1 year since I left my full-time job as a consultant to early-stage start-ups to become self-employed. For the past 11 months I’ve worked full-time at Money After Graduation to build a financial literacy company that helps millennials pay off debt, save money, and invest to build long-term wealth. As a small business owner, the past year has been more chaotic, challenging, exhausting, and rewarding than I ever anticipated. Before I switched to self-employment, I thought I understood the demands of entrepreneurship – after all, I had just spent more than a year working with entrepreneurs running start-ups at every stage, from concept to execution. However, I wasn’t prepared for many of the challenges I experienced in my first year of business. Nevertheless, Money After Graduation proved to be a successful venture, and I expect to continue to build my company for many years to come! Why […]

Should You Use a Line of Credit to Pay Off Credit Card Debt?


It might seem contradictory to use debt to pay off debt, but taking out a  line of credit to pay off your credit card debt can be a great financial decision. Check out my FREE Debt Crusher eCourse and start getting rid of your debt today! Reduce the carrying cost of your debt Typically, lines of credit have much lower interest rates than credit cards, which will reduce the overall carrying cost of your debt. For example, a $5,000 balance on a credit card at 20% will cost you $1,000 per year in interest. On a line of credit of 6%, the same balance it will only cost you $300 in interest. The $700 you save not paying interest can help you actually make a dent in your debt and start paying it down. Reducing the carrying cost of your debt not only lowers the total amount you pay, it gets you […]