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Needing Life Assets

Needing Life Assets is the first stage of your starting your journey to financial freedom. It is now that you sow the seeds of your financial success. Life Assets can help with budgeting and savings plans as well as protecting your hard earned income.

Case Study

How Life Assets helped Adam achieve financial balance all monitored his I Phone:

We worked with Adam to create and monitor a budget that allowed him to invest $250 a month into a savings plan and continue to party hard on Saturday Nights. He can login to his portfolio balance at any time with his I Phone

We consolidated his 4 super funds from his first few jobs into one fund. He now won’t lose track of his super, and he can have contributions from his current and any future employers add to this account by simply providing them with the account details.

We insured up to 80% of Adam’s income in case of sickness or accident with worldwide cover for around the same price as his comprehensive car insurance.

We established a Risk Management strategy which means his Mum and Dad won’t have to pay his car loan if he were to die or if he required expensive specialist medical care to get back on his feet. He also now has enough insurance funding to pay for permanent long term care if he became severely disabled. And should Adam suffer cancer, he would be paid a tax free lump sum to cover his medical bills and car loan from the insurance funding as well.

We restructured his income so that his fortnightly HECS repayments were reduced and he was able to take advantage of the lump sum repayment discount.

We established a Will and Power of Attorney in case something happened while he was trekking on his upcoming holiday in the Nepalese mountains.

We updated Adam’s Accountant with details of his reorganized financial plan which has seen a healthy tax refund for this year. The dream holiday he was going to charge to his credit card will now be paid with compliments of the tax office.

Disclaimer: The information contained in this article is of a general nature only. It does not take into account your particular objectives, financial situation or needs. Before making an investment decision, you need to consider, with or without the assistance of a financial adviser, whether the information is appropriate for your particular needs, objectives and financial circumstances.