www.inspiredmoney.com.au
Life Event:
Starting a Family. We take you through the following steps to help you identify what areas are affected and what you need to consider. Making it: Cater for a drop in income if someone stops working for a while
Protecting it: Understand the importance of life insurance to protect your new family
We use your Income Plan to free up surplus funds to achieve your goal.
We use your Risk Plan to protect the things that are important to you.
Your income plan determines strategies to improve your cash flow through a combination of tax effective strategies and the efficient use of your income. The resulting surplus funds are then used to create wealth.
Your risk plan looks at what could go wrong in your financial circumstances and seeks to identify and where possible mitigate these risks. Some of the ways these risks can be managed are through implementing life insurance, recommending appropriate investments and possibly fixing interest rates.
Leveraging it: Explore ways to restructure debt to reduce financial stress We use your Debt Plan to eliminate your mortgage and create wealth. Your debt plan analysis your current debt structure, determines mortgage reduction strategies and explores how debt can be used to build your wealth.
Preserving it: Evaluate if the guardianship of your children should be in your Will We use your Estate Plan to ensure that the right assets, go to the right people, at the right time. Your estate plan articulates your wishes in the event of your death and determines a strategy to provide your family with funds in a tax effective manner and with asset protection as a priority.
“ The thing about goals is that living without them is a lot more fun, in the short run. It seems to me, though, that the people who get things done, who lead, who grow and who make an impact … those people have goals.” — Seth Godin
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