Index
A
AAA-rated bonds
academic degrees, earning power of
accomplishment, sense of
adult children returning home. See boomerang kids
advanced health-care directives
advisorial team
affordability, housing
age-appropriate financial concepts
agreements. See cohabitation agreements; employee agreements; pre-nuptial agreements; separation agreements; shareholders' agreements; trust agreements
allowance
amortization
angel investors
vs venture capitalists
angel networks
angel-investment groups
annulments. See legal annulments; religious annulments
antiques, asset
apartment contents insurance
apartment, renting first
appreciation (in value)
gold
real estate
stock options
art, asset
assets
allocation
defined
hidden
split
types
assigned expenses
Association of Universities and Colleges of Canada
automatic withdrawals
B
bachelor's degrees
“bag lady” phobia
balance. See work/life balance; work/school balance
balanced portfolio (See also diversification)
bank student loans
bankruptcy
banks
basement apartments
bathroom renovations
beneficiaries
defined
designating
(See also estate planning)
benefit plans
employee-assistance programs
health & dental care
health spending accounts
life insurance
professional development programs
and job loss
knowing plan year
big-ticket items. See major purchases
bill paying
blended families
bond ETFS
bond mutual funds
bonds
bonuses
boomerang kids
borrowing profile
capacity
capital
character
collateral
credit
borrowing, for investment property
breadwinner
budgeting
exercise
renovations
teaching children about
wardrobe
Buffett, Warren
Burns, Ursula
bursaries
business advisors
business managers. See entrepreneur vs business manager
business plan
updating
components of
(See also operational guides)
business
competition
financial plan
future prospects
growth plan approach
investment structuring
job descriptions
marketing plan
mergers
money-losing ventures
organizational chart
personal commitment to
production plan
selling
start-up structure
succession issues
winding up
(See also start-up structures)
business
angel investors
banks
credit unions
equity
friends/family
government programs
grants
loans
venture capitalists
buy-and-hold strategy
C
capital gains tax
car loans
career advancement
career counselling
careers, post-retirement
cars
cash deposits
cash flow
charitable giving
chequing accounts
child support
childcare costs, coverage
children
age-appropriate financial concepts
allowance
and divorce
budgeting exercise
decision-making power
discussing goals with
discussing money with
financing education of
guardianship of
insurance for
overproviding for
teaching about money
teaching by example
with disabilities
(See also boomerang kids)
China, car sales in
chores
Cinderella fantasy
closed mortgages
codes of ethics
cohabitation agreements
collectibles, asset
common shares
common-law couples
breakups
cohabitation agreements,
estate planning
legislation
communication
commuted value
company shares (See also mutual funds)
compliance managers
compound interest
confidence
consumer debt
contract work
contractors (renovations)
control, sense of (See also financial control, benefits of)
co-op work programs
corporate debt/company bonds
corporate life
benefits of
drawbacks of
reorganization
corporation, start-up structure
co-signors
cost of living
cottages
Couric, Katie
credit cards
and emergencies
carrying balance on
due dates
insurance
interest rates
late payment
paying off
repayment history
statements
tips
wedding costs
credit rating
credit reports
credit risk
credit unions
creditor balance protector
creditor life
critical-illness insurance
customer service
D
dating
death of spouse/partner
debt
and life events
and renovations
and-cash-flow plan
full disclosure of
listing
management
negative consequences of
repayment
talking to children about
(See also gross debt ratio [GDS]; total debt ratio [TDR])
defined benefit pension plans
defined contribution pension plans
degrees. See academic degrees
dental benefits. See health & dental care plans
depreciation, cars
destination weddings
developing countries, investing in
disability insurance
compared with critical-illness insurance
discount brokerages
discretionary family trusts
discretionary spending
diversification
dividend reinvestment plans. See DRIPs
dividends
divorce
and business partnerships
and children
and estate planning
and family home
and hidden assets
and property division
and RRSPs/pensions
and spousal support
legal fees
settlement
DIY (See also renovations)
doctoral degrees, earning power of
documents, organizing
domestic labor
dot-com millionaires
down payments
dream goals
DRIPs (dividend reinvestment plans)
drug plans (See also health & dental care plans)
E
EAPs. See employee-assistance programs
economic downturn
education
financing
paying for own
plan
quality of
working while studying
(See also academic degrees; post-graduate education; universities)
80/10/10 rule
elder abuse
elderly parents, caring for
emergencies
emergency contact
employee tenure statistics
employee/employer negotiations, tips
employee-assistance programs (EAPs)
employment agreements
code of conduct
confidentiality
intellectual property
non-competition clauses
non-solution clauses
employment law
enduring power of attorney
entrepreneur vs business manager
entrepreneurship. See business; self-employment; start-up structures
equities. See stocks
equity (See also home equity line of credit)
estate plan—components
charitable giving
executors
guardians
life insurance
living wills
wills
estate planning
and companions of aging parents
and meetings with spouse/partner
and separate investments
and vacation property
common-law couples
married couples
purpose of
same-sex couples
taxation
(See also beneficiaries; estate plan—components; intestacy; powers of attorney; wills)
estate trustees (See also executors)
Europe, car sales
exchange programs
exchange traded funds (ETFs)
executors
exercise price
exit strategy
boomerang kids
business
investment property
F
family home
and divorce
division of
joint asset
joint net assets calculations
selling. See home, selling
family trusts. See discretionary family trusts
Ferrari
fifth asset class
finance
and business
and children
and investing
and major purchases
and relationships
and retirement
and work
financial advisors
finding/choosing
paying
relationship with investor
financial control, benefits of
financial discussions, tips
financial freedom
financial net worth, defined
Fisher, Philip
fixed income. See bonds
flexibility
flexible debt options
flextime
401Ks
Friedan, Betty
full-time work
funerals
furniture, asset
G
geographical risk
get-rich-quick schemes
Getting to Yes (Fisher and Ury)
gifts
gold
Golden Girl Finance Club, meeting discussion guide
Golden Girl Finance
“golden girl,” term
“golden hand cuffs” concept
Goldman Sachs
government loans
government bonds
government pensions
government programs, start-ups
government savings bonds
government-registered retirement plans (See also RRSPs)
government-regulated education savings plans
grandparents
grants
education
start-ups
groceries
gross debt service (GDS)
group insurance plans
group savings plans. See pension plans
growth companies
growth stocks
guaranteed investment certificates (GICs)
guarantors
guardianship of children
gut instinct
H
Hall, Jerry
hard assets
health & dental care plans
health spending accounts
health-care directives
hedge funds
hidden assets
higher-risk investments
high-interest savings accounts
high-low spending mix
high-school grads, income
high-yield bonds
home equity line of credit
home ownership expenses
furnishings & décor
moving
renovations
repairs/maintenance
home-improvement resources
home(s)
affordability
appreciation in value
down payments
downsizing
mortgages
saving for first
selling
upgrades
(See also family home; renovations)
household budgeting
household expenses, tracking
I
impulse spending. See splurging
income gap
income splitting
income, and educational attainment
independence, sense of
independent legal counsel
independent valuators
industry changes
inflation
Initial Public Offering (IPO)
institutional investors
insurance (See also apartment contents insurance; credit-card insurance; critical-illness insurance; disability insurance; life insurance; teenagers, insurance for)
intellectual property
interest rate
bank loans
bonds
credit cards
government loans
mortgages
student lines of credit
(See also mortgages)
interest relief
interest-rate risk
intestacy
investing, investment
and compound interest
and estate planning
and meetings with spouse/partner
best efforts deal
bought deal
defined
diversification
dividends
gender comparisons
growth companies
higher-risk
in Canada only
in developing countries
layered approach to
new issue
problems/complaints
publicly listed companies
research
start-ups
stock market
teaching children about
types of
unstable governments
vs speculating
(See also risk management; risk tolerance)
investment dealers
investment properties (See also vacation property)
Ivy League schools
J
Jagger, Mick
jewelry, asset
job comparison websites
job loss
job retention
job search
joint bank accounts
joint chequing accounts
joint debt
joint decision making
joint deposit accounts
joint goal setting
joint lines of credit
joint net assets calculations
joint savings accounts
joint tax filing
junk bonds
K
key competencies, defining
kitchen renovations
L
labour, division of
leasing cars
legal annulments
legislation, marital property
liabilities
life insurance
lines of credit (See also home equity lines of credit; joint lines of credit; student lines of credit)
liquid assets
liquidators
living wills
loans (See also borrowing; borrowing profile)
locked-in retirement accounts
longevity
long-term assets
long-term disability insurance (LTD)
long-term goals
low-interest lines of credit
Lululemon
M
major purchases
and sell discipline
car
home
investment property
vacation property
marital property legislation
market frenzy
market research
marriage contracts
marriage
and estate planning
late in life
weddings
(See also pre-nuptial agreements)
Maserati
master's degrees
maternal love
maternity leave
meetings with spouse/partner
membership dues, and job loss
mergers & acquisitions
Merrill Lynch
microfinancing
mock portfolios
money markets
money
conflicts over
early associations
family discussions about
teaching children about
mortgages
interest rates
payment schedule
pre-approved
prepayment options
renewal
reverse
second
terms
to fund renovations
variable
(See also down payments)
moving costs
multi-unit buildings
Murray, Charles
mutual funds
N
negative attitude
negative growth
negative net worth
net assets, defined
net worth, calculating (See also financial net worth)
networking
new issues
New York Stock Exchange
non-cash compensation plans. See benefit plans
non-registered savings accounts
nutritional services, coverage
O
obscure scholarships
on-line brokerages
open mortgages
operational guides, start-ups (See also business plans)
opportunities, unexpected
opportunity costs
owner-occupied property
P
parents
co-signors
financing education
goals
teaching by example
wedding costs
(See also boomerang kids; elderly parents)
partnerships
business
shareholders' agreements
(See also venture capitalists)
part-time work
paying yourself
pensions
and job loss
and quitting
commuted value of
defined benefit
defined contribution
employer matching fund
performance improvement perspective
philanthropy. See charitable giving
PlaNet Finance
positive attitude
post-graduate degrees
post-secondary education
“power of the purse”
powers of attorney
pre-approved mortgages
preferred shares
pregnancy
pre-nuptial agreements
documentation
enforcing
purpose of
second marriage
pre-retirement planning
pride
prime lending rate
priority, making yourself
professional development
professional dues, and job loss
professionalism
professionals, demand for
promotions
property division
protectiveness
proxies
publicly listed companies
purchasing-power risk
R
raises
real estate investing
real estate investment trusts (REITS)
realistic thinking
registered retirement savings plans (RRSPs)
religious annulments
renovations
financing options
monitoring
rental property. See investment property
rentals, cottages
resource-based economy
resumés
retirement income
myths
offsetting shortfall
retirement income—sources
company pensions
government pension
non-registered savings
registered retirement savings
retirement
age-appropriate tips
delaying
financial abuse in
psychological impact of
sharing house in
visualization exercise
(See also careers, post-retirement; pre-retirement planning)
returns. See appreciation (in value)
reverse mortgages
risk management
company or industry risk
credit risk
geographical risk
interest-rate risk
purchasing-power risk
volatility risk
risk-reward pendulum
romantic relationships
roommates
rule of
S
salary surveys
same-sex couples, estate planning
sandwich generation
saving(s)
80/10/10 rule
for first home
plans
and compound interest
high-low spending mix
impact of boomerang kids on
10 percent rule
scholarships
school/life balance (See also work/school balance)
second mortgages
securities investment (See also stocks)
self-awareness
self-confidence
self-denial
self-employment
benefits of
business plan
considerations
market research
motivation
operational guide
seeking advice
timing
(See also business; business—financing sources; start-up structures)
self-esteem
selflessness
self-neglect
self-sufficiency
tips
“sell discipline”
separate accounts
separation agreements
settlor, defined
severance plans
shareholders' meetings
shareholders' agreements
short-term disability insurance (STD)
short-term savings accounts
single mothers
single retirees
slow-and-steady earners
sole proprietorships
Spears, Britney
special-needs children
speculators
splurging
spousal support
spouse
and tax credits
death of
life insurance for
lower-income vs breadwinning
retirement plans
stay-at-home
springing power of attorney
starter homes
start-up structures
corporation
partnership
sole proprietorship
start-ups. See business; business—financing sources; self-employment; start-up structures
Steinem, Gloria
stock exchanges
stock market
stock options
stockbrokers
stocks
strike price
student housing
student lines of credit
student loans
studying abroad
sublets
summer jobs
support network (See also advisorial team)
T
tax advisors
tax history
taxation (See also capital gains tax; land-transfer tax; property tax)
taxation
business structure
cohabitation
critical-illness insurance
disability coverage
discretionary family trust
employee contractor
estate
investment fees
joint filing
leasing vehicles
medical expenses
meetings with spouse/partner
non-registered savings
on extra income in retirement
property division
RRSPs
separate investment accounts
severance package
single retirees
stock options
tax-free savings accounts
vacation property
tax-free savings accounts
Taylor, Elizabeth
tech bubble
teenagers, insurance for
10% percent rule
testamentary trusts
therapeutic massage
three-year rule, vehicles
Tomlin, Lily
Toronto Stock Exchange
total debt ratio (TDR)
trust accounts
trust agreements
trust
trustees
U
undercapitalization
undergraduate degrees
underwriting, defined
university
choosing
demand for grads
enrollment statistics
student-to-faculty ratio
study options
top-name
V
vacation property
vacation trust residents
Vanguard (company)
variable mortgages
variable spending
venture capitalists
volatility risk
W
wardrobe
budgeting for
splurging on
weddings
widows
wills
work competency improvement, tips
work/life balance
work/life earnings
work/school balance
X
Xerox