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Account Numbers: The primary identifier for ownership of an account, whether a vendor account, a checking or brokerage account, or a loan account. An account number is used whether or not the identifier uses letters or numbers.
Ageing
Annuity: The term annuity is used in finance theory to refer to any terminating stream of fixed payments over a specified period of time. This usage is most commonly seen in discussions of finance, usually in connection with the valuation of the stream of payments, taking into account time value of money concepts such as interest rate and future rate. Examples of annuities are regular deposits to a savings account, monthly home mortgage payments and monthly insurance payments. Annuities are classified by the frequency of payment dates. The payments (deposits) may be made weekly, monthly, quarterly, yearly, or at any other interval of time.
Anti-Ageing
Anti-Ageing Medicine
Assets: In financial accounting, assets are economic resources. Anything tangible or intangible that is capable of being owned or controlled to produce value and that is held to have positive economic value is considered an asset. Simply stated, assets represent ownership of value that can be converted into cash (although cash itself is also considered an asset).
Baby Boomer: A person who was born during the demographic Post-World Warn II baby boom between the years 1946 and 1964.
Baby Budget: A baby budget is a financial plan and a list of all planned expenses and revenues for the new baby family member. It is a plan for saving, borrowing and spending.
Bank Account: A bank account is a financial account recording the financial transactions between the customer and their bank and the resulting financial position of the customer with the bank.
Basics: Items and essential for general usage and of simple matter.
Beneficiary: A beneficiary in the broadest sense is a natural person or other legal entity who receives money or other benefits from a benefactor. For example: The beneficiary of a life insurance policy, is the person who receives the payment of the amount of insurance after the death of the insured. The beneficiaries of a trust are the persons with equitable ownership of the trust assets, although legal title is held by the trustee.
Budget: A finance plan that allocates future personal income towards expenses, savings and debt repayment. Past spending and personal debt are considered when creating a personal budget. There are several methods and tools available for creating, using and adjusting a personal budget.
Checking Account: Transactional account is a deposit account held at bank or other financial institution, for the purpose of securely and quickly providing frequent access to funds on demand, through a variety of different channels. Transactional accounts are meant neither for the purpose of earning interest nor for the purpose of savings, but for convenience of the business or personal client; hence they tend not to bear interest. Instead, a customer can deposit or withdraw any amount of money any number of times, subject to availability of funds.
Checking Account: An account at a bank against which checks can be drawn by the account depositor.
Closet Confidential: The process of organizing one’s closet into, day wear, work wear, evening wear and casual. Once organized, creating a list of items required to buy. This process allows you to be able to purchase smarter and optimize your spending power.
Compound Interest: Arises when interest is added to the principal, so that from that moment on, the interest that has been added also earns interest. This addition of interest to the principal is called compounding. A bank account, for example, may have its interest compounded every year: in this case, an account with 1000 initial principal and 20% interest per year would have a balance of 1200 at the end of the first year, 1440 at the end of the second year, and so on.
Consume: The “consumer” is the one who consumes the goods and services produced. As such, consumers play a vital role in the economic system of a nation because in the absence of the effective demand that emanates from them, the economy virtually collapses.
Consumer: The “consumer” is the one who consumes the goods and services produced. As such, consumers play a vital role in the economic system of a nation because in the absence of the effective demand that emanates from them, the economy virtually collapses.
Credit Card: A small plastic card issued to users as a system of payment. It allows its holder to buy goods and services based on the holder’s promise to pay for these goods and services. The issuer of the card creates a revolving account and grants a line of credit to the consumer (or the user) from which the user can borrow money for payment to a merchant or as a cash advance to the user.
Critical Illness Insurance: Is an insurance cover, where the insurer is contracted to typically make a lump sum cash payment if the policyholder is diagnosed with one of the critical illnesses listed in the insurance policy. The policy may also be structured to pay out regular income and the payout may also be on the policyholder undergoing a surgical procedure, for example, having a heart bypass operation.
Debt: An amount/obligation owed by one party (the debtor) to a second party, the creditor.
Desire: A sense of longing or hoping for an item or experience.
Disability Insurance: Is an insurance coverwhich refers to a kind of health insurance that pays a regular income to a person once he is declared disabled because of an illness or an accident. This is designed to provide the insured at least a portion of his lost income. There are certain limits to the payments. There is usually a waiting period – a specified period starting from the first day of the disability which will have to pass before payments are made. These payments also shall not be more than 50% to 80% of the earnings of the insured person before the disability.The payments from the Disability Income Insurance will pay for the benefits for the period that the insured is disabled. However, after one or two years, the insured must agree to undergo retraining for jobs that he can do. There are also some policies that pay for partial disablement.
Disposable Income: Is total personal income minus personal current taxes. In national accounts definitions, personal income, minus personal current taxes equals disposable personal income. Subtracting personal outlays (which includes the major category of personal or private consumption expenditure ) yields personal (or, private) savings.
Dividends: are payments made by a corporation to its shareholder members. It is the portion of corporate profits paid out to stockholders. When a corporation earns a profit or surplus, that money can be put to two uses: it can either be re-invested in the business (called retained earnings), or it can be distributed to shareholders. There are two ways to distribute cash to shareholders: share repurchases or dividends. Many corporations retain a portion of their earnings and pay the remainder as a dividend.
Dying as Intestate: Intestacy is the condition of the estate of a person who dies owning property greater than the sum of their enforceable debts and funeral expenses without having made a valid will or other binding declaration.
Earn: To gain (success, reward, income, money, recognition) through applied effort or work.
Economy: An economy consists of the economic system of a country or other area; the labor, capital and land resources; and the manufacturing, trade, distribution and consumption of goods and services of that area. An economy may also be described as a spatially limited and social network where goods and services are exchanged according to demand and supply between participants by barter or a medium of exchange with a credit or debit value accepted within the network. A given economy is the end result of a process that involves its technological evolution, history and social organization, as well as its geography, natural resource endowment, and ecology, as main factors. These factors give context, content, and set the conditions and parameters in which an economy functions.
Empower Yourself and Design Your Destiny: The engagement of self belief to learn and grow. Then through such empowerment designing your destiny refers to mapping out a plan or system to navigate and course future events to ones satisfaction and advantage.
Executor: An executor, in the broadest sense, is one who carries something out (in other words, one who is responsible for executing a task).
Expat Woman: To relocate from ones home land and reside in a foreign country.
Fee: The price one pays as remuneration for services. Fees usually allow for overhead, wages, costs and markup.
Feminism: Is a collection of movements aimed at defining, establishing, and defending equal political, economic, and social rights for women. In addition, feminism seeks to establish equal opportunities for women in education and employment. A feminist is a “person whose beliefs and behavior are based on feminism.”
Finance: Often defined simply as the management of money or “funds” management. Modern finance, however, is a family of business activity that includes the origination, marketing, and management of cash and money surrogates through a variety of capital accounts, instruments, and markets created for transacting and trading assets, liabilities, and risks. Finance is conceptualized, structured, and regulated by a complex system of power relations within political economies across state and global markets. Finance is both art (e.g. product development) and science (e.g. measurement), although these activities increasingly converge through the intense technical and institutional focus on measuring and hedging risk-return relationships that underlie shareholder value.
Financial Decision Maker: The formal decision-making person who decides on the consumption of goods and services and savings and protection.
Financial Matters: Financial means relating to or involving money.
Financial Records: Records that outline the financial activities of a business, an individual or any other entity. Financial statements are meant to present the financial information of the entity in question as clearly and concisely as possible for both the entity and for readers. Financial statements for businesses usually include: income statements, balance sheet, statements of retained earnings and cash flows, as well as other possible statements.
Financial Standing: The financial status of an individual in relation to their wealth position.
Financially Free: Also referred to as financial independence and is a term generally used to describe the state of having sufficient personal wealth to live indefinitely without having to work actively for basic necessities. In the case of many individuals whose financial circumstances fit this description, their assets generate income that is greater than their expenses. To illustrate, a person’s quarterly expenses may total $4000. They receive dividends from stocks they’ve previously purchased totaling $5,000 quarterly, while also having an even more substantial amount of money in other assets. Under such circumstances, a person is financially independent.
Gambling: The wagering of money or something of material value (referred to as “the stakes”) on an event with an uncertain outcome with the primary intent of winning additional money and/or material goods. Typically, the outcome of the wager is evident within a short period.
Health Insurance: A type of insurance coverage that pays for medical and surgical expenses that are incurred by the insured. Health insurance can either reimburse the insured for expenses incurred from illness or injury or pay the care provider directly. There are many different levels of coverage – be thorough on the level of coverage which is appropriate for you.
Hedge: An investment position intended to offset potential losses that may be incurred by a companion investment. A hedge can be constructed from many types of financial instruments, including stocks, exchange-traded funds, insurance, forward contracts, swaps, options, many types of over-the-counter and derivative products, and futures contracts. Public futures markets were established in the 19th century to allow transparent, standardized, and efficient hedging of agricultural commodity prices; they have since expanded to include futures contracts for hedging the values of energy, precious metals, foreign currency and interest rate fluctuations.
High Flyer: A person of great ability and ambition.
Highest Disposable Income: A group of people who have been categorized as having a large or the largest sum of disposable income for a product or service.
Income: The consumption and savings opportunity gained by an entity within a specified time frame, which is generally expressed in monetary terms. However, for households and individuals, “income is the sum of all the wages, salaries, profits, interests payments, rents and other forms of earnings received… in a given period of time. For firms, income generally refers to net-profit: what remains of revenue after expenses have been subtracted. In the field of public economics, it may refer to the accumulation of both monetary and non-monetary consumption ability, the former being used as a proxy for total income.
Inflated Property Values: Over priced value on property.
Inheritance: Inheritance is the practice of passing on property, titles, debts, rights and obligations upon the death of an individual. It has long played an important role in human societies. The rules of inheritance differ between societies and have changed over time. It may be a thing that is inherited and more commonly the action of inheriting is ‘a sum of money.’
Insurance: A form of risk management primarily used to hedge against the risk of a contingent, uncertain loss. Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for payment. An insurer is a company selling the insurance; the insured, or policyholder, is the person or entity buying the insurance policy. The amount to be charged for a certain amount of insurance coverage is called the premium. Risk management, the practice of appraising and controlling risk, has evolved as a discrete field of study and practice. The transaction involves the insured assuming a guaranteed and known relatively small loss in the form of payment to the insurer in exchange for the insurer’s promise to compensate (indemnify) the insured in the case of a financial (personal) loss. The insured receives a contract, called the insurance policy, which details the conditions and circumstances under which the insured will be financially compensated.
Interest: A fee paid by a borrower of assets to the owner as a form of compensation for the use of the assets. It is most commonly the price paid for the use of borrowed money, or money earned by deposited funds.
Invest: Investment has different meanings in finance and economics. Finance investment is putting money into something with the expectation of gain, that upon thorough analysis, has a high degree of security for the principal amount, as well as security of return, within an expected period of time. In contrast putting money into something with an expectation of gain without thorough analysis, without security of principal, and without security of return is speculation or gambling.
Investment Information: Information relating to an individuals investments.
Investor: An individual/s who commits money to investment products with the expectation of financial return. Generally, the primary concern of an investor is to minimize risk while maximizing return, as opposed to a speculator, who is willing to accept a higher level of risk in the hopes of collecting higher-than-average profits.
Jet-Setting Lifestyle: An international lifestyle for wealthy individuals who frequent fashionable countries around the globe.
Life Extension Science: Also known as anti-ageing medicine, experimental gerontology, and biomedical gerontology, is the study of slowing down or reversing the processes of ageing to extend both the maximum and average lifespan. Some researchers in this area, and “life extensionists” or “longevists” (who wish to achieve longer lives for themselves), believe that future breakthroughs in tissue rejuvenation with stem cells, molecular repair, and organ replacement (such as with artificial organs) will eventually enable humans to have indefinite lifespans through complete rejuvenation to a healthy youthful condition.
Life Insurance: There are two main types of cover which pay out on the policyholder’s death – term and whole of life. Term covers does exactly what it says on the tin: it covers you for a certain period of time and does nothing but pay out a lump sum on death during that period. This is frequently used as low-cost cover to protect specific liabilities, such as mortgages and loans, and as a cost-effective means to protect a family’s future lifestyle should the main breadwinner die.
Life Plan: An Individuals personal goals. A student may set a goal of a high mark in an exam. An athlete might walk five miles a day. A traveler might try to reach a destination-city within three hours. Managing goals can give returns in all areas of personal life. Knowing precisely what one wants to achieve makes clear what to concentrate on and how much wealth is required to meet these goals.
Life Stylist: Creating the lives we want. In particular Sasha is giving mother’s much-needed makeovers of their wallets and wardrobes. “Embracing the art of more for less.” Empowering all women to find their mojo without it costing the earth.
Living Offshore: To live offshore from ones home land and reside in a foreign country.
Loan: A type of debt. Like all debt instruments, a loan entails the redistribution of financial assets over time, between the lender and the borrower. In a loan, the borrower initially receives or borrows an amount of money, called the principal, from the lender, and is obligated to pay back or repay an equal amount of money to the lender at a later time. Typically, the money is paid back in regular installments, or partial repayments; in an annuity, each installment is the same amount.
Loved Ones: The people in our life who we consider the most important and those whom we want to protect.
Luxuries: Also known as Luxury goods; are products and services that are not considered essential and are associated with affluence. The concept of luxury has been present in various forms since the beginning of civilization.
Man Plan: A series of actions that you think about carefully to help you to achieve finding your perfect man/life partner.
Money: Is any object or record that is generally accepted as payment for goods and services and repayment of debts in a given country or socio-economic context. The main functions of money are distinguished as: a medium of exchange. Any kind of object or secure verifiable record that fulfills these functions can serve as money.
Money Pie: The amount of money that we have to spend – a term used to describe a persons disposable income.
Money Saving Tips: Information enabling people to save money.
Mortgage Documentation: The documentation relating to a loan used to buy real estate. A mortgage is secured by the property it is used to purchase, the documentation sets out the terms and conditions of the loan.
Offshore Platforms: Better known as a ‘tax haven’, a place which hosts ‘banking, insurance, and other financial activities, juridically away from onshore regulatory authorities.
Pension: In general, a pension is an arrangement to provide people with an income when they are no longer earning a regular income from employment. Pensions should not be confused with severance pay; the former is paid in regular installments, while the latter is paid in one lump sum.
Personal Wealth: The application of the principles of finance to the monetary decisions of an individual or family unit. It addresses the ways in which individuals or families obtain, budget, save, and spend monetary resources over time, taking into account various financial risks and future life events. Components of personal finance might include checking and savings accounts, credit cards, and consumer loans, investments in the stock-market and retirement plans.
Plan
Poverty: Is the state of one who lacks a certain amount of material possessions or money. Absolute poverty or destitution refers to the one who lacks basic human needs, which commonly includes clean and fresh water, nutrition, health care, education, clothing and shelter. About 1.7 billion people are estimated to live in absolute poverty today. Relative poverty refers to lacking a usual or socially acceptable level of resources or income as compared with others within a society.
Primary Financial Money Maker
Prince Charming: A woman’s Prince Charming is her perfect partner
Property: Is any physical or intangible entity that is owned by a person or jointly by a group of people or a legal entity like a corporation. Depending on the nature of the property, an owner of property has the right to consume, sell, rent, mortgage, transfer, exchange or destroy it, or to exclude others from doing these things.
Protect Our Wealth: Wealth protection planning is the process of organizing wealth, assets and affairs in such a manner, utilizing the most favorable entities, agreements and system of laws, so as to protect and shelter that wealth and those assets from lifetime risks to which they would otherwise be subject.
Public Trustee: An office established pursuant to national (and, where applicable, state or territory) statute, to act as a trustee, usually where a sum is required to be deposited as security by legislation, where courts remove another trustee, or for estates where either no executor is named by will or the testator elects to name the Public Trustee.
Putative Anti-Ageing Products
Remuneration: The total compensation that an employee receives in exchange for the service they perform for their employer. Typically, this consists of monetary rewards, also referred to as wage or salary. A number of complementary benefits, however, are increasingly popular remuneration mechanisms.
Residual: Generally a quantity left over at the end of a process.
Retirement Plan
Revenue: In business, revenue is income that a company receives from its normal business activities, usually from the sale of goods and services to customers. In many countries, such as the United Kingdom, revenue is referred to as turnover.
Salary: A form of periodic payment from an employer to an employee, which may be specified in an employment contract. It is contrasted with piece wages, where each job, hour or other unit is paid separately, rather than on a periodic basis. From the point of a business, salary can also be viewed as the cost of acquiring human resources for running operations, and is then termed personnel expense or salary expense. In accounting, salaries are recorded in payroll accounts.
Saving: Income not spent, or deferred consumption. Methods of saving include putting money aside in a bank or pension plan. Saving also includes reducing expenditures, such as recurring costs. In terms of personal finance, saving specifies low-risk preservation of money, as in a deposit account, versus investment, wherein risk is higher.
Savings Account: Are accounts maintained by retail financial institutions that pay interest but cannot be used directly as money (for example, by writing a check). These accounts let customers set aside a portion of their liquid assets while earning a monetary return. For the bank, money in a savings account may not be callable immediately and therefore often does not incur a reserve requirement freeing up cash from the bank’s vault to be lent out with interest. The other major types of deposit account are transactional (checking) account, money account, money market account and time deposit.
Security: The state of being secure which may be achieved by having savings in the bank and suitable insurances and guarantees so that your items, wealth or life are protected. Such precautions ensure that you re finically compensated in a time when regular income is not received due to illness or an items value is replaced when stolen or lost.
Share: when two people jointly use the good or service.
Sharia Law: Also know as Islamic law in the UAE is applied by Islamic judges, or qadis. The imam has varying responsibilities depending on the interpretation of sharia; while the term is commonly used to refer to the leader of communal prayers, the imam may also be a scholar, religious leader, or political leader.
She-conomy: A term used to describe his next financial decade. Globally, it is predicted about 1 billion women will enter the workforce by 2020, consequently women are now considered major players as financial decisions makers.
Simple Will: A will or testament is a legal declaration by which a person, the testator, names one or more persons to manage his/her estate and provides for the transfer of his/her property at death. For the devolution of property not disposed of by will, see inheritance and intestacy. In the strictest sense, a “will” has historically been limited to real property while “testament” applies only to dispositions of personal property (thus giving rise to the popular title of the document as “Last Will and Testament”), though this distinction is seldom observed today. A will may also create a testamentary trust that is effective only after the death of the testator.
Small Business: A business that is privately owned and operated, with a small number of employees and relatively low volume of sales. Small businesses are normally privately owned corporations, partnerships, or sole proprietorships. The legal definition of “small” varies by country and by industry, ranging from fewer than 15 employees under the Australian Fair Work Act 2009.
Solicitor: Solicitors are lawyers who traditionally deal with any legal matter including conducting proceedings in courts. In the UK, a few Australian states and the Republic of Ireland, the legal profession is split between solicitors and barristers.
Spend: To pay out (money) in exchange for goods.
Spending: To pay out or expend money.
Spent: Having income / money which has been spent to an end; passed: the money is now gone.
Start Saving: The process of saving income not spent, or deferred consumption. Methods of saving include putting money aside in a bank or pension plan. Saving also includes reducing expenditures, such as recurring costs. In terms of personal finance saving specifies low-risk preservation of money, as in a despsit account, versus investment, wherein risk is higher.
Stock Market: A stock market or equity market is a public entity (a loose network of economic transactions, not a physical facility or discrete entity) for the trading of company stock (shares) and derivatives at an agreed price; these are securities listed on a stock exchange as well as those only traded privately. The size of the world stock market was estimated at about $36.6 trillion at the beginning of October 2008.
Stocks: The capital stock (or just stock) of a business entity represents the original capital paid into or invested in the business by its founders. It serves as a security for the creditors of a business since it cannot be withdrawn to the detriment of the creditors. Stock is different from the property and the assets of a business which may fluctuate in quantity and value.
Term Life Insurance: Is purchased for a period of time and is a good solution for people with short term insurance needs, the cost of term life insurance is comparatively low for young applicants but it get proportionally higher as they age. Unlike whole life insurance, term life does not have a cash value component and does not guarantee any living benefits. It expires without residual value, only paying if the insured dies during the policy term.
The Age of Consumerism: A social and economic order based on fostering a desire to purchase goods and services in ever greater amounts.
The Next Financial Decade: The period of time we are entering into, between 2010 -2020 in terms finance and money matters.
Thirty Something Superwomen: Women today aged at thirty years of age, who are trying to do it all.
Trade: The exchange of ones services for the value of another’s services; most often no money is exchanged in these circumstances.
Wealth: The abundance of valuable resources or material possessions.
Whole of Life Insurance: Is a type of permanent life insurance, and as such provides guaranteed life long coverage, in forces until the insured reaches age 100. This insurance has a cash value element which allows for part of the premiums to accumulate on a tax deferred basis. THe cash value is considered by some financial planners an excellent investment, as the policy holder can borrow the cash value, withdraw it, use it as collateral for a bank loan, or create an education fund for their children. Once determined, premiums are level and are not effected by external factors, or by the health of the insured, compared to term policies the amount is high in the earlier years but low in the later years.
Will: A will or testament is a legal declaration by which a person, the testator, names one or more persons to manage his/her estate and provides for the transfer of his/her property at death. For the devolution of property not disposed of by will, see inheritance and intestacy. In the strictest sense, a “will” has historically been limited to real property while “testament” applies only to dispositions of personal property (thus giving rise to the popular title of the document as “Last Will and Testament”), though this distinction is seldom observed today. A will may also create a testamentary trust that is effective only after the death of the testator.

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