Real Case Studies
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Case Study 01 Peter & Margaret, QLD 4680
Margaret and Peter, residing in Queensland, are life partners whose bond is as strong as any married couple's. Both experienced first marriage breakdowns and had children from those unions, which now feel like a lifetime ago. Margaret worked as a full-time veterinary nurse, while Peter was a qualified carpenter. Nowadays, they live independently in a rented home, as owning property is simply not affordable. Fortunately, their love for each other helps them navigate through these challenges.
However, with rent increasing annually, their financial situation is becoming more precarious. Margaret relies on her pension and three times per week she keeps dogs company for $120 per week, having exhausted her superannuation, while Peter has around $70,000 in superannuation. Peter also has unclaimed superannuation from previous jobs, which he set aside due to the hassle of claiming it. He works variable hours, ranging from 15 to 30 hours per week, depending on his bosses' needs, and earns $40 per hour as a sub-contractor, pay your own tax, super and transport.
They needed help.
I have introduced them to AWA's "3 Steps in 3 Years" approach, which involves realization, education, and implementation. Given their limited time and resources, making aggressive ROI decisions isn't practical, as losing even a small amount can be devastating. However, once they understood the 'Goransson Investment Multiplier,' it became clear that this strategy could give them a fighting chance. It could potentially help them own a home again, double their investment and income, or secure a place to retire. For them, it was an obvious choice.
Peter's impressive track record, having worked for companies that have completed thousands of new house-and-land projects per year, did not go unnoticed. Later, I hired Peter, and he now works full-time for the Australian Wealth Advisory Senior Team. He assists with recruitment, leads the build team, and serves as a certified approved work inspector, playing a key role in the manufacturing business in Gladstone.
Real Case Study 2:
Case Study 02: Tony Burgess, Mackay, 4740
Tony Burgess, a qualified boilermaker, was always the breadwinner before he had a beautiful boy with his de facto partner. They decided that she should embrace being a mother while Tony's earnings supported their lifestyle. Money wasn't a concern as they were happy, had savings, and lived in a relatively cheap rental while exploring first-time buyer grants. Tony's work ethic ensured his skillset remained in demand.
Ten years later, Tony has another child with a new partner. Two years ago, he and his former lover agreed to separate amicably, realizing their relationship couldn't be reconciled. They sold their primary place of residence (PPR) and split the proceeds 50/50. Tony also gave up 50% of his accumulated superannuation in the settlement, all without involving solicitors. The total asset and cash pool, including equity from the PPR sale, amounted to $425,000. Each received $62,500 in superannuation and $150,000 from the property settlement, allowing them to navigate forward as co-parents without animosity.
Tony invested $110,000 into a couple of backhoes and a truck with a mate to start an earthmoving business on the side. Meanwhile, he was earning $2,500 a week as a boilermaker. His second child arrived quickly, with a partner eight years younger than him at 32. Tony realized he knew little about her finances except that she was an emotional/life coach.
Life became complicated as Tony found himself back in the rental market, with his savings dwindling. Running a business proved challenging, especially when his business partner's contract for work fell through. They spent money on advertising, with his partner stopping full-time work to focus on the business. They landed a new earthworks contract for a large civil development, requiring his partner to move the machines across the country. His partner later claimed Tony wasn't entitled to any profits as a shareholder for the year-to-date, and, not being a director, the salary was increased by his partner, consuming most of the gross turnover. Tony spent the remaining $40,000 engaging a solicitor to sell his shares back to his business partner at a reasonable price and make money on his investment. However, this cost him all of the $40,000, and eventually, the entire $110,000 due to civil matters.
Tony's new partner decided they couldn't move forward together, leaving Tony as a single dad for the second time. He lost confidence in himself and his abilities, moving in with his parents to catch his breath. Four weeks later, he found himself unemployed, on Centrelink benefits, and without any assets or accumulated wealth. He wondered how his situation had escalated so quickly, given his past success as an in-demand boilermaker with property growth, two beautiful kids, and a side business.
Tony was introduced to Patrik by a mutual friend. Seeing Patrik's excitement while talking to a mechanic and his wife about reinventing their retirement, Tony was drawn to Patrik's determination and infectious energy. Patrik eventually set up Tony's SMSF, taught him invaluable life lessons, and corrected his retirement trajectory. Without Patrik's help and innovation, Tony's financial recovery would not have been possible.
Tony recently accepted a job in the manufacturing business of Australian Wealth Advisory Pty Ltd and has never been happier. This new role has given him the confidence to be with his kids 50% of the time, and Patrik helped him realize his life's purpose. Tony is now sprinting toward contentment and his happy ending, fully employed and happier than ever before. With financial security and income producing assets for life. Tony is charge of the welding and part of the finish senior build team inspectors for RetireSmart Innovations & Tiny Super Solutions.
