Here Are Our Most-Read Posts of 2019!

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Happy Holidays & Merry Christmas! If you’re on vacation and looking to cozy up with a cup of coffee or cocoa and get financially inspired for 2020, we’ve got a treat for you.

The Top 10 Posts on Money After Graduation for 2019

We published over 100 posts this year, but there were a few that stood out! Some old content from past years still remains at the top of the favorites list, but there were some new pieces that cracked the top 10.

Here are the most-read posts on Money After Graduation in 2019:

1. Amway is a Pyramid Scheme

Amway is a multibillion-dollar company that uses “multilevel marketing techniques” to sell cosmetics and household products. They have really aggressive recruitment techniques and cult-like practices. They’re super shady and sued on a pretty regular basis, but still, manage to trick new people into the fold!

Amway is a pyramid scheme for the same reason all pyramid schemes are pyramid schemes: the focus is on recruiting new members and selling a lifestyle, not actual products.

2. What Should Your Net Worth Be By Age?

What should your net worth be by age XX? It’s a good question.

What should your net worth be by age 20 or 30 or 40 and so on, is probably one of the most common inquiries I get, but I’m always hesitant to answer. Mainly because there really is no good answer. A lot of the targets are arbitrary, no matter who makes them, including the ones in this post.

There really is no right number to set as your net worth target. Personal finance is personal, and this is one of the most personal numbers of all.

3. Why is Investing Important?

Investing is essential to good money management because it ensures both present and future financial security. Not only do you end up with more money in the bank, but you also end up with another income stream. Investing is the only way to achieve both growing wealth and passive income.

4. Should You Use a Line of Credit to Pay Off Credit Card 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.

5. Wealthsimple Trade vs. Questrade

When it comes to choosing Wealthsimple Trade vs Questrade for your self-directed investing, there’s a lot to consider. From account type to investor preferences, the best fit is up to you… but it’s probably Questrade.

Questrade has been the clear leader in Canada for online discount brokerages for years. Wealthsimple recently launched a no-commission, no minimum balance brokerage called Wealthsimple Trade. Is it enough to really compete? The short answer is unfortunately no.

6. 14 Books You Need to Read to Get an MBA Education At Home

With tuition and the cost of books ringing in at $25,000 per year, I paid about $50,000 out of pocket for MBA. While $50,000 can hardly be considered “cheap”, it is a bargain as far as most MBAs go.

But there is one way to get a business education for even less: a good book collection.

7. 30 Financial Milestones You Need to Reach by Age 30

Below are 30 financial milestones you should strive to achieve by age 30. They cover everything from debt repayment to saving to negotiating your salary. Past 30? It’s still a good list to get you on track!

8. What Your Myers-Briggs Personality Says About How You Manage Money

What’s the deal with your Myers-Briggs and money? Your MBTI personality type can have a bearing on how much you earn, save, and spend. Knowing which of the 16 personalities you are can help you reach your financial goals. 

How much stock you put into personality types in the context of your finances is up to you. But it is fun to explore how your personality traits might impact your relationship with money! 

9. Exactly How Much You Will Earn & Spend in Your Lifetime

The amount of money you will earn and spend in your lifetime is fixed, you just don’t know what the number is yet.

This might sound like a painfully deterministic perspective, but it’s worth keeping in mind when you assess your spending. Human beings are notoriously short-sighted when it comes to making predictions about the future, but these normal blind spots seem exacerbated when it comes to finances.

10. Is Tinder or Bumble Worth Paying For?

They say you can’t put a price on love, but modern tech is trying. 

Virtually all dating apps are free to use, but they offer extra services if you opt-in to their payment plan. The most popular dating apps currently are Bumble and Tinder. I signed up for the premium versions of both to let you know which dating apps are worth paying for. 

Merry Christmas! Enjoy your time off to rest and recharge for the New Year. We can’t wait to help make you richer in 2020!

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