Protecting Your Family

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Protecting the future of your family requires individuals to invest time in understanding their options, minimising risks and developing a strategy that can deliver on their short and long term goals.

At ICGFP, we take pride in the work we do, helping individuals protect their family at every stage of their lives.

What does financial security look like?

Financial security looks different for every family, however there are a few key aspects to a healthy financial plan that are common across the board. When we work with individuals looking to secure a safe future, there are three main areas we focus on:

  • Cashflow: how your income and expenses pan out across weeks, months and years
  • Assets and Liabilities: in other words, your equity
  • Protection: how much risk can you afford and how much protection you need


Business owners will be familiar with the term cashflow. It’s a concept that is equally important in a personal setting. When planning for the future, your current sources of income, along with returns from assets such as shares or investment property and any other sources of revenue, will all play a part in securing your family’s future.

Expenses also need to be closely monitored in order to ensure you are able to save enough money for a comfortable retirement.

How do you know whether you have a good strategy in place to make the most out of today, while you secure a safe future for your family tomorrow?

Depending on your goals and timeframe, there are multiple ways you can organise your cashflow. Likewise, life will change so it’s important you have your finances in order so that they can be adjusted where need be.

Assets and liabilities

Assets and liabilities are an integral part of personal finances. Your house, car or funds in the bank can represent your assets, while a loan or a credit card debt can characterise a liability.

It is common to perceive liabilities as a negative, however the key is whether you are being tax effective and using liabilities to maximise the value of your assets, and therefore, achieving your greater goals in life.


The final step in building financial security for your family is to protect your position so it meets your needs and those of your family. This will require careful estate planning and looking at your level of insurance cover and retirement planning to maintain your standard of living and that of your loved ones.

Protecting your family at every stage

While these three areas of financial security will collectively make up a financial plan for you and your family, it is equally important that they are revised at every stage of your life.

Superannuation is one area that many people don’t consider, even though it is one that will have an important impact on their financial success. Finding the right superannuation product will depend on the level of risk you are willing to expose yourself to, with the ultimate goal of providing a long-term source of income security.

It takes a considerable degree of foresight to predict how your family’s finances will change – which is why it is so important to consult with a specialised financial planner.

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