Welcome to My Family Finance - Your Risk Management companion
Discover Risk Management Services
Dreaming of a secure business future? Our risk management services are designed to turn your dreams into reality, offering comprehensive advice and flexible support.
Explore Risk Management Options
Unsure about the right strategies for managing your business risks? We guide you through our diverse risk management offerings to find the perfect fit for your business needs.
Simplify Your Risk Management Journey
Navigating risk management can be confusing. With our assistance, we simplify the process, providing clear, concise advice every step of the way.
Secure Your Business Future
Ready to secure your future? Our risk management services provide reliable assistance, helping you safeguard the business you've always dreamt of.
Minimize your financial uncertainties with our risk management services. Take control and safeguard your assets today.
What is the Australian standard for risk management?
The Australian Standard for risk management is AS/NZS ISO 31000:2018. This standard provides principles and guidelines on managing risk faced by organisations, which can be customised to any specific organisation. It offers a structured approach to risk management, helping organisations identify, analyse and treat risks.
What is risk management Australia?
In Australia, risk management involves a structured process of identifying, analysing, evaluating, treating, monitoring and communicating risks associated with any activity, function or process in a way that will enable organisations to minimise losses and maximise opportunities. This process is guided by the AS/NZS ISO 31000:2018 standard.
What is the Australian regulation on risk management?
The Australian regulation on risk management is based on the AS/NZS ISO 31000:2018 standard, which provides a systematic and logical process to manage risk. Different sectors may have additional regulations and standards. For instance, health service organisations use a risk management approach as part of the National Safety and Quality Health Service (NSQHS) Standards.
What are the 5 types of risk management?
While there’s no specific classification of ‘5 types of risk management’ in the Australian Standard or government resources, risk management generally involves several key processes:
- Risk Identification: Recognising potential risks in advance.
- Risk Analysis: Evaluating the likelihood and consequences of identified risks.
- Risk Evaluation: Comparing risk analysis results with risk criteria to determine whether the risk is acceptable or not.
- Risk Treatment: Implementing measures to modify risk.
- Risk Monitoring and Review: Ongoing process of tracking identified risks, monitoring residual risks, identifying new risks, and reviewing the effectiveness of the risk treatment plan.
Remember, these processes are not always linear and can often occur concurrently.
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- Our Mission
We educate and empower you on investing, taxes, and insurance, instilling confidence in your financial journey.
We simplify complex financial concepts into plain, straightforward language, eliminating the need for deciphering jargon.
We empower you with actionable recommendations, giving you complete control over your financial situation and future.
- Our Capabilities
Tailoring for your family's needs
Debt Free
My Family Finance offers a robust debt management service for Australian families. We recognize that many families experience financial challenges, and our goal is to help them regain control over their finances. Our team of experts provides personalized advice on budgeting and money management, enabling families to meet expenses, save for emergencies, and plan for the future.
Wealth
My Family Finance empowers Australian families to create wealth through personalized financial planning. Our services include expert advice on savings, investments, and retirement planning. We provide education to enhance financial literacy, assisting families in making informed decisions that help grow their wealth sustainably over time.
Freedom
My Family Finance aids Australian families in achieving financial independence and freedom. We offer personalized financial strategies, encompassing savings, investments, and retirement plans. Our aim is to equip families with the knowledge and tools to make informed financial decisions, helping them achieve long-term financial stability and freedom.
Our process
Getting to Know You
We start our journey together with a friendly chat, where we learn about your financial situation, dreams, and worries. This helps us offer you financial advice that fits snugly with your life and aspirations.
Gaining Clarity on Your Finances
Next, our team dives deep into your current financial state, exploring your income, expenses, assets, and debts. This detailed look helps us spot both opportunities and hurdles in your financial journey.
Building Your Financial Vision
Armed with insights about your financial status and goals, we assist you in painting a vivid, achievable financial future. This includes setting practical short-term and long-term financial goals that harmonize with your dream lifestyle.
Repositioning Your Finances
With your financial roadmap ready, we craft strategies to rearrange your finances. This could mean reshuffling debts, fine-tuning investments, or revising spending habits. We walk with you through this transformation, empowering you to confidently steer your financial voyage.
