Apr 30, 2012
Your top 10 financial essentials
What secrets are hiding in your closet? No, we’re not talking about hideous fashion crimes, nor the photographic evidence of the time you got your hair cut just like Rachel on Friends. We are here to help you take a look at what’s inside your financial closet (insert screams of panic here). If you’ve ever seen Tim Gunn’s Guide to Style, then you know the process we are talking about. Tim, the Chief Creative Officer at Liz Claiborne Inc. (NYSE:LIZ) and design mentor on Project Runway, bravely steps into the wardrobes of real-life women on his namesake TV show, ruthlessly sheds all unnecessary and ill-fitting items, then sends the subject on a shopping spree for ten essential items of clothing. With a little help from the dapper gentleman himself, the women return with the kind of classic staples they can rely on to make their entire wardrobe work: a white button-down shirt, that go-with-everything blazer, a timeless cashmere sweater, a classic pair of dress pants…and so on. read more »
Mar 26, 2012
3 ways to ensure his financial liabilities don’t become your own
Over three-quarters (77%) of Canadians say that having a partner who is bad at managing their personal finances or has excessive debt is a marriage deal breaker, according to a TD Canada Trust Poll done earlier this year. Considering that in 2011, Canadians reached record-breaking levels of household debt (with personal debts consuming up to 40% of the average person’s income, according to Statistics Canada), this is hardly surprising.
Oct 3, 2011
How to plan for your own future so you don't have to sue your kids
The story is sad on many levels. Seventy-three old Shirley Anderson has lupus, has never worked and has $28,000 in credit card debt. She had relied on support payments from her ex-husband until he died nearly a decade ago. At that point, she reached out to her three estranged adult children for financial help. One of her sons claims he hasn’t had a relationship with his mother since she moved away and left him to fend for himself when he was a mere 15 years old. The answer came back: sorry lady, not gonna happen. Ms. Anderson went to court and using pro-bono legal services, has attempted to sue her kids for support payments. read more »
Aug 22, 2011
Five tips for creating a pre-inheritance plan
She is one of the richest women in Spain with a net worth estimated at nearly $4.9 billion. Her castles are filled with hundreds of paintings by old masters such as Goya, Velásquez and Titian. She owns Christopher Columbus’s first map of America. With seven duchess titles, 22 countess titles and 24 marquesa titles, she has more royal titles than any other noble on earth. Among her quirky royal privileges, she does not have to kneel before the pope and she may ride into the cathedral in Seville on horseback. read more »
Aug 15, 2011
How much is appropriate child support?
Linda Evangelista, a 46-year-old single mother from St. Catharines, Ontario (oh - and international supermodel living in Manhattan with a net worth of roughly $8 million), recently filed a claim for $46,000 a month in child support payments from her baby daddy, 49-year-old French businessman Francois-Henri Pinault (oh, and husband of Hollywood megawatt actress Salma Hayek). The staggering sum, which the New York judge presiding over the case said would be “the largest support order in the history of the Family Court”, has caused a media frenzy. read more »
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