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Providing clear and up-front financial knowledge - so that the client is truly served by being completely informed.

© Copyright In Your Interest Financial Planning Pty Ltd 2016 unless stated otherwise. Photos by Dean Whitling of www.allislight.com.au.

The information on this website is general in nature and readers should seek professional advice specific to their circumstances. 


In Your Interest Financial Planning Pty Ltd, ABN 28 094 300 464  is Authorised Representative. No 308161, Credit Representative. No 402819 of FYG Planners Pty Ltd AFSL/ACL No 224543. Whilst based in the Goonellabah, Lismore, Ballina, Byron Bay region of Northern NSW, In Your Interest Financial Planning has clients Australia wide.

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Starting Out in Life

Why do I need insurance?

I’m young and healthy.

Great, that’s the perfect time to take out insurance! 

It is like taking out house insurance when your house is still standing. The moment it’s damaged insurance becomes harder or impossible.

When you’re young and healthy insurance is probably the last thing on your mind, or what you want to spend money on!

You have no need for it, so why pay for it?

But…when you are young and healthy with no pre-existing health conditions, you can easily and cheaply get insurance. If you wait until you have a condition, or until life throws you a curveball, insurance can get very expensive very quickly. Or worse, you might not be able to get it at all. 

 

By the time you have kids and or a mortgage, chances are you will want to protect your future earnings and you may be more aware of your mortality. If you have insurance in place and then you get a curveball, it does not affect your insurance or your premium. Taking out insurance when you are young and healthy means you are set up with a good insurance policy and presuming you continue to pay your premiums, no curveball can knock it out of place.

Me, Wealthy? That'll only happen when I win the lotto!


Accumulating wealth is not actually that tricky.
Even on a low income, accumulating wealth is possible. 

Winning the lotto might make you wealthy, but the chances of a big win are not something to bank on. Accumulating wealth is not actually that tricky. There are a few basic principles and slow and steady can win this race. 

Even on a low income, accumulating wealth is possible. It is actually quite amazing what is possible when you take small regular steps. And no it doesn’t mean scrimping away - just a few smart strategies in place and before long you you may well be surprised by the results. 

Already got insurance? Do you know what you are really covered for?

Have a free review...It might surprise you.

There are some great insurance policies around with some trustworthy and honest companies…but there are also the opposite. Telling the difference can be hard and we haven’t all managed the art of staying awake while reading the fine print – let alone understanding it! Unfortunately, the not-so-good companies have given insurance a bad name and this can be a major reason why people don’t take out insurance. 

It is not uncommon for people who have taken out insurance to think they are covered for something they are not. Or they are paying far too much for what they are covered for. Christoph provides insurance reviews free of charge and 80% of the time he can improve your insurance situation.

I’ve got car insurance, what’s the point of life insurance?


Who brings in the money? You or your car?

Most of us are sensible enough to insure our cars, but are we sensible enough to insure our greatest asset? As income earners, our greatest asset is our future earnings – and that means insuring ourselves. If we are unable to work for a period of time, or to work in the same capacity, our way of life can be drastically affected. 

If you are a 30 year old earning $50,000 you can assume you will earn at least $2 million. Your family, kids and incidentally you, will miss out on this $2 million and most likely incur many additional costs if anything were to happen to you .

Imagine your life now if your means of earning money was taken away. Surely that is worth insuring? 

If you would like to discuss your existing Personal Insurance policies or have any questions about taking out cover for yourself, please feel free to contact Christoph Schnelle, Life Risk Specialist.

 

Contact: 

1800 332 225

service@inyourinterest.com.au