Table of Contents
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
