Financial Literacy
Your IPS should be reviewed this many times a year
What is bi-annually?
The name the two characters from Wealth readings
What is Andrew and Jenny?
What I should use to invest tax-free
What is a TFSA?
Michaels favourite class at Ivey
What is Wealth Management?
Using this thing will help reduce behavioural risk
What is this jeopardy game?
One of the eight "common cents" strategies that shows how much you spend each month
What is making a budget?
An individuals willingness to take on risk
What is Risk Tolerance?
What is an RESP?
The name of Michael's first dog
What is Bailey?
The app Michael's group created that would helps reduce Behavioural risk
What is Saven?
The reason why saving 5 years later cuts your wealth in half
What is the time value of money?
The reason you should put investment money in a TFSA
What is tax-free withdrawals?
Another word for reducing taxes
What is tax sheltering?
Michael's first phobia
What is the fear of baboons?
The main purpose of this job is helping you avoid behavioural risk
Individuals should only invest in this, if they are the owners
What is a Hedge Fund?
The mistake Aamara made that must be avoided
What is maxing out your credit card?
The maximum amount you allocate to an RRSP
What is lower between 18% of your salary or $27,230
Michael's favourite current hobby
What is playing video games?
What should be done to ones investments when the stock market starts tanking
What is not selling?
Doing this will make you 2-3x richer than you could be without it
What is hiring an advisor?
The type of equity that I should be investing in
What is an ETF?
A risky way to guarantee a lower tax rate
What is start your own business?
The continent Michael is most afraid of
What is Australia?
One area of someone's behavioural risk that they have no control of but must be taken into account
What is your spouse's behavioral risk?