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Double Income No Kids – Case Study

Double Income No Kids also known as DINKS is and will be one of the best times and opportunities in your life to get ahead, prepare for your future together as a team working in synergy and tactically placing you in a strong financial position.

Case Study

In 2012 a young couple in their mid-20’s who had been in a committed relationship for a number of years came to see Elliot Watson Financial Planning. They had both worked hard and established good careers for themselves and were seeking advice on how best to use their position which included both partners working full time, no kids, minimal debt and a cash flow surplus (meaning they were savings money regularly).

They had dreams and big goals and wanted a plan to achieve them.


  • Buy or build a new home.
  • Get engaged and have an awesome wedding.
  • Travel to Europe and have an incredible honeymoon.
  • Optimise their cashflow.
  • Minimise tax.
  • Create wealth and get ahead.
  • Protect what we have and make sure we are ok if something happens.
  • Start a family (future)

How Did Elliot Watson Financial Planning Help?

Our adviser worked with the clients to get clear on where they wanted to live and the realities of the location they thought they wanted. They were provided with a strategy analysis which showed two scenarios.

By doing this work we were able to discover that what the clients really wanted was to live closer to town, have a mortgage that was more realistic and sustainable while at the same time allowing them to maintain their social lifestyle and get ahead (financially).

Further the analysis also provided a third strategy option which significantly improved their ability to save and minimise their tax. This was a game changer!

Their adviser recommended and implemented a wealth protection plan making sure both of them were protected against a major sickness or accident. We reviewed and consolidated their multiple superannuation funds and implemented a strategy that increased the probability of higher returns over the long term. 

Value of Advice

By implementing the advice given their adviser, the clients got clarity about their goals and made decisions that they wouldn’t have made without tailored financial advice. This resulted in their saving ability to increase by an additional $5,000 per month for about 12 months ($60,000) and this additional money was enough to meet the costs of their wedding and honeymoon.

When they returned from their honeymoon they had no short term debt and were still in a structural surplus. We then helped them use this position to continue to grow wealth, minimise tax and to start planning and preparing for a future family.

By implementing a wealth protection plan this provided the clients a sense of security knowing that if either of them ever suffered a major sickness or accident there will be funding available to meet medical costs, replace lost income and payout their mortgage.

The changes to their superannuation funds have resulted in clarity and certainty knowing where and what their future retirement is doing.

Client Review

We were lost, didn’t know what to do. Elliot Watson Financial Planning got us a plan to achieve all of our goals – we bought a house, got married and had an amazing honeymoon

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