How to Eat an Elephant by Wiginton, Frank -- Read -- Imperial Library of Trantor

Index

Cover Title Page Copyright Dedication Acknowledgements How to Use this Guide Introduction: How do you eat an elephant? One bite at a time! Part One: Understanding Your Finances

Chapter 1: Setting and Achieving Goals

Write It Down Define It Setting Your Goals and Yourself Up for Success! What Is the Financial Cost to Accomplish Your Goals? Identify What You Need to Succeed Review Your List Regularly Share Your Goals with Others Chapter Summary

Chapter 2: Where Are You Now?

Net Worth Statement How Do You Figure Out What Assets You Have? How Do You Figure Out What Debts You Have? Chapter Summary

Chapter 3: How to Save a Lot of Money!

What Is a Budget? Why Is a Budget Important? What about Pocket Money? Where Have I Spent My Money? How Do You Get Started? There Must Be Some Mistake! Money Is Finite! Needs vs. Wants Breaking the Spending Habit Put Yourself on a Cash Diet! The 10% Rule for Financial Success Additional Tips for Reducing Expenses How I Saved $1,154 After-Tax Dollars with Two Phone Calls Chapter Summary

Chapter 4: Income and Debt Management

Debt Destruction Debt Consolidation Debt Pyramiding Breaking the Cycle Credit Counselling Bankruptcy and Insolvency Act Options Debt Service Ratios Good Debt vs. Bad Debt Mortgages What to Consider When Getting a Mortgage Payment Options Chapter Summary

Part Two: Protecting Your Finances

Chapter 5: Benefits

Group Benefits How Can You Get the Most from Your Benefits? Traditional vs. Flex-Benefit vs. Healthcare Spending Accounts Self-Employed/No Work Benefits Options Taxable Benefits Non-Taxable Benefits Employee Assistance Programs (EAPs) Leave of Absence Travel Medical Insurance Coverage Group or Work Life Insurance Group Pensions and Retirement Programs Chapter Summary

Chapter 6: Risk and Living Insurance

Managing the Risk Living Insurance: Insurance that Pays Out to Help You Live! Chapter Summary

Chapter 7: Life Insurance

How Much Life Insurance Do You Need? Life Insurance Temporary Insurance Insurable Interest Different Ways to Set Up a Life Insurance Policy Insurance Riders or Add-Ons Buy Term Insurance and Invest the Difference? Affordability Additional Uses for Life Insurance Life Insurance as an Asset Class Chapter Summary

Part Three: Growing Your Finances

Chapter 8: Retirement and Estate Planning

Retirement Savings Options Company Pension Plans Savings The Forgotten Sources of Retirement Income Retirement Savings Options You May Not Have Heard Of Will I Outlive My Money? Sources of Income in Retirement How Is It That I Could Earn So Little and End Up with Enough Money for Retirement? Estate Planning Probate Summary

Chapter 9: Investing

Investment Products Alternative Hybrid Investments Understanding Investment Risk The “Stop Losing Big” Principle Asset Allocation Diversification When to Buy and When to Sell Where to Invest Your Money Based on the Value ofAssets to Be Invested Chapter Summary

Chapter 10: Tax Planning

How Much Income Tax Do We Pay? Understanding the Difference between Average Tax Rate and Marginal Tax Rate Tax Deduction vs. Tax Credit: Which Is Better? Refundable Tax Credits vs. Non-Refundable Tax Credits Registered Retirement Savings Plans (RRSPs) The Home Buyers' Plan and Lifelong Learning Plan Income-Splitting Investment Income Investing in Tax Shelters Creating Tax-Deductible Interest Charitable Donations Retirement Tax Planning Chapter Summary

Part Four: Ensuring Financial Success

Chapter 11: Wills, Powers of Attorney, and Personal Care Directives

Professional Lawyers vs. Will Kits The Value of Naming a Contingent Individual Wills If You Are Married Common Disaster Clause Choosing an Executor/Personal Representative/Trustee Choosing a Guardian Distributing Your Estate Naming Beneficiary Designations Trusts for Minor Children Powers of Attorney Personal Care Directives Chapter Summary

Chapter 12: Finding the Right Advisors

Types of Financial Advisors Designations Choosing an Advisor Build Your Advisor Team Frank's Recommendation Chapter Summary

Conclusion About the Employee Financial Education Division Index About the Author