CASE STUDY: TRADIE

Josh is a chippy, and a really good one. He has a young family and he and his wife  purchased a block of land a couple of years ago on which Josh and his mates built a home. Whilst  the home was comparatively low cost due to the nature of Josh’’s business, his wife has recently given up work to look after the unexpected arrival of twins!

This was a case where the house of cards (pardon the pun) could easily topple if Josh was unable to work. We completed a needs analysis and recommended life, disability and income protection insurance. We minimised the cost of these insurances by having some of the premiums deducted from Josh’s superannuation balance, with income protection being held outside of superannuation to maximise the tax advantages.

We also performed some calculations which showed Josh and Mel how to take ten years off their mortgage by increasing their payments slightly. We examined their personal cashflows to demonstrate that this was affordable and established a household budget to help them along the way. We will check in with them acouple of times a year to see how they are going.

Its easy for Josh to get distracted by the noise from his mates. We have needed to remind him what is important to him, and that “Joe down the pub” is not the best place for financial advice.

WHAT HAPPENS WHEN YOU WORK WITH INNOVUS

INITIAL ENQUIRY

Send us an email and one of our team will be in touch to introduce ourselves and to find out how we can best help you.

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GETTING TO
KNOW YOU

Let’s sit down and have a coffee and talk about what you want to achieve and how we can help.

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FILLING THE GAPS

Time to get serious and collect some hard data so we can get to work

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IT'S SHOWTIME!

Now it’s time to show you what we have done and to explain how our recommendations will work for you

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WELCOME TO
THE FAMILY

Now that’s a wrap! You are officially part of the Innovus family. We need to decide on ongoing services, so the party ain’t over yet!

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LEARN MORE ABOUT YOUR MONEY

Paul is your personal advisor and wants to share some of his insights after 40 years in financial planning with you.
Read some of our thoughts on finance, business and personal growth here.

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