Back to Front Finance - Barry Lucas

18/09/2026

14/09/2026

June 30 is fast approaching.
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If you’ve sold any assets this financial year — shares, property, or investments — now is the time to act.
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There may be an opportunity to reduce your tax by contributing to super before 30 June.
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This isn’t something to leave until the last minute. The earlier you review your position, the more options you have.
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If this applies to you, get in touch so we can assess your situation and make sure everything is in place before the cutoff.

07/09/2026

How much Life Insurance do you actually need?

Most people think calculating Life Insurance is simple.

Eg. Take your income and multiply it by 10.

But is replacing someone's salary really the same as protecting their family's lifestyle?

There are several different methods used to calculate Life Insurance needs:

1️⃣ Income Replacement Method

This calculates how much income needs to be replaced if someone passes away.

For example:
$150,000 income × 10 years = $1.5 million cover.

Simple—but income is not always the same as financial need.

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2️⃣ Income Multiple Method

Often referred to as the "10× income rule."

Quick and easy, but it doesn't consider your mortgage, debts, children, assets or actual lifestyle expenses.

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3️⃣ Capital Needs Analysis

This looks at the financial obligations left behind:

✔ Mortgage and debts
✔ Children's education
✔ Living costs
✔ Future financial goals

Then deducts existing assets and insurance.

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4️⃣ Expense Replacement / Cashflow Method

This is where we at KLFP make financial planning more personal with the client in the drivers seat.

Our approach is based on: instead of asking How much income does this person earn?
In practice we ask:
How much money would the family actually need to continue living the life they have planned?"

We consider:

• Household living expenses
• Mortgage and debts
• Children's future costs
• The surviving partner's income
• Existing assets and Superannuation
• How expenses may change after death

The goal isn't simply to replace a salary.

The goal is to protect the family's Lifetime Cashflow.

At Kondilis Lucas Financial Planning, we believe insurance should be connected to your broader financial plan—not just calculated using a simple rule of thumb.

Because the right amount of insurance isn't necessarily 10 times your income.

It's the amount required to help ensure your family can continue their life without financial uncertainty.

Buy a home. Pay it off. Never run out of money.

01/09/2026

Rockhampton’s C*D got a taste of France last Friday, with La Petite Boulangerie opening its doors for the first of what will become a weekly pop-up in East Street.

Link to the full story in the comments. 👇

You can also read this story in today's midweek edition of CQ Today.

17/07/2026

08/05/2026

Good personal finance should set the boundaries between advice and product.
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Residential or Commercial Real estate selection is a Product 🏡

A Framework around financing, affordability, structure, and strategy of the portfolio is compliant Advice.💡