How Much Is Enough? (Paperback, 3)

Preface to the Third Edition ix

Acknowledgements xiii

Introduction xvii

PART ONE: WHAT IS ENOUGH?

Chapter 1: Your Money and Your Life 3

How Did You Score? 8

Two Attitudes, One Family 15

Money Myths 17

Chapter 2: Where It Goes 21

Tracking Your Cash Flow 22

Chapter 3: What You Want 37

What Do You Want, Anyway? 38

Wish List Favourites 45

Yearly Goals 49

Chapter 4: What’s Enough for You 55

The Magic Number 55

Crunching the Numbers 56

What Your Enough Number Means 72

PART TWO: GETTING ENOUGH

Chapter 5: Getting on Track 77

Needs vs. Wants 78

Budgeting—I’ll Try to Be Gentle 81

Chapter 6: Finding Financial Advice 95

Finding a Good Financial Advisor 96

Trust, Two Ways 98

Your Risk Profi le 104

Chapter 7: How to Make Your Money Grow 109

Loaners 110

Owners 115

Owner Investments: The Basics 119

Some Rules for Investing 134

Chapter 8: Registered Plans 137

Registered Retirement Savings Plans 138

Registered Education Savings Plans (RESPs) 148

Tax-Free Savings Accounts (TFSAs) 152

Saving Outside the Government Plans 157

Chapter 9: Ages and Stages 161

Age 20–35 161

Age 35–50 170

Age 50–65 Plus 172

Chapter 10: Family Finances 183

Teaching Kids the Value of Money 183

The Money Challenge 184

Chapter 11: I’ve Got Enough (Now What?) 193

A Changing Concept of Retirement 194

Retirement: The Financial Side 203

Chapter 12: Estate Planning 227

What Happens if I Don’t Have a Will? 228

Laying the Groundwork 231

What Happens to My Business? 240

How Do I Choose My Executor? 243

How to Save Tax and Probate on Your Estate 244

Chapter 13: Tips and Thoughts to Make It Work 245

Twenty Thoughts to Help You Stay on Track 246

Twenty Tips to Help You Save Money 247

Appendix: Financial Planning Professional Designations 249

Index 251

About the Author 261