--- title: "Blogs - Sapience Financial" description: "Our Financial Blog is for people who want to grow and remain wealthy. While the journey toward wealth is clearly marked, you do have to be looking in the right direction." url: "https://sapience.com.au/blog?start=27" date: "2026-06-27T09:16:50+00:00" language: "en-GB" --- # Blog ### Welcome to our Personal Finance Blog ![Pic of Senior Advisor Drew Browne](https://sapience.com.au/images/author-pic/ceo-drew-browne-round.png) Money bewilders most of us. How to spend it, save it, invest it, and how to best protect the person who makes it. These questions we all face daily — a puzzle we all attempt to understand and solve just about every day. Yet despite money's centrality to our lives and businesses, it's something we all grapple with, and mostly in private. - Money is the 'Lord Voldemort' of topics — feared by most and mentioned by a few. It's oddly uncomfortable to discuss socially and rarely even with our partners, parents, and children. Perhaps that's because managing our money and life's risks inevitably involves the fusion of both the emotional and practical aspects of our decision-making processes. **The most difficult of questions are those with both economic and emotional answers**. At Sapience, we're all about **The How**. Our educational **Personal Finance Blog** is for people who want to grow and remain wealthy. And while the journey toward wealth is clearly marked, you still have to be looking in the right direction. ### Explore Our Blog by Speciality Select a speciality below to view our curated specialist insights and practical strategies. [🧠 Evolutionary Finance](https://sapience.com.au/insights/evolutionary-finance) [🌳 Family, Legacy & Aging](https://sapience.com.au/insights/family-legacy-aging) [⚖️ Estate Law & Succession Planning](https://sapience.com.au/insights/estate-law-succession) [🛡️ Specialist Risk & Insurance](https://sapience.com.au/insights/specialist-risk-insurance) [🤝 Small Business Risk & Partnership](https://sapience.com.au/insights/small-business-risk-partnership) [🌍 Social Leadership & Conscious Business](https://sapience.com.au/insights/social-leadership-conscious-business) [🏠 Wealth Builders & Home Finance](https://sapience.com.au/insights/wealth-builders-home-finance) [📰 Sapience General Archive](https://sapience.com.au/insights/sapience-general-archive) ![Not made by AI sapience financial](https://sapience.com.au/images/icons/not-made-by-AI-sapience-financial-black.png) --- [ ![happy step family and their grumpy cat](https://sapience.com.au/images/blog/intro-dont-let-the-law-define-your-family-a-guide-to-wills-for-step-parents-and-beyond-sapience-financial.jpg) ](https://sapience.com.au/blog/dont-let-the-law-define-your-family-a-guide-to-wills-for-step-parents-and-beyond "Don't Let the Law Define Your Family: A Guide to Wills for Step-Parents and Beyond") ## [ Don't Let the Law Define Your Family: A Guide to Wills for Step-Parents and Beyond ](https://sapience.com.au/blog/dont-let-the-law-define-your-family-a-guide-to-wills-for-step-parents-and-beyond) --- ### A Question of Blood: The Unseen Disinheritance of Australian Step-Children Who counts as family to you? Is it more logical than biological? If you don't yet have a Will document in place, you're going to want to read this. - [ blended families ](https://sapience.com.au/all-tags/blended-families) - [ inheritance management ](https://sapience.com.au/all-tags/inheritance-management) - [ ⚖️ Estate Law & Succession Planning ](https://sapience.com.au/insights/estate-law-succession) [ Read more … ](https://sapience.com.au/blog/dont-let-the-law-define-your-family-a-guide-to-wills-for-step-parents-and-beyond) [ ![proud father looking at a photo of this young son displayed on a mobile phone surrounded in a protective white light with the words family secured](https://sapience.com.au/images/blog/intro-the-millionaire-myth-and-how-to-create-an-automatic-inheritance-for-the-people-you-love-no-lottery-win-required-sapience-financial.jpg) ](https://sapience.com.au/blog/the-millionaire-myth-and-how-to-create-an-immediate-inheritance-for-the-people-you-love-no-lottery-win-required "The Millionaire Myth and How to Create an Immediate Inheritance for the People You Love (No Lottery Win Required)") ## [ The Millionaire Myth and How to Create an Immediate Inheritance for the People You Love (No Lottery Win Required) ](https://sapience.com.au/blog/the-millionaire-myth-and-how-to-create-an-immediate-inheritance-for-the-people-you-love-no-lottery-win-required) --- ### What to do before you’re really rich Good things, they say take time, but that's not going to work when it comes to protecting your family's future. Some things, especially when it comes to protecting and providing, have to be the priority, and even have an element of urgency. But what if I can't afford it, yet? What if I'm not rich enough, yet? What if, ... and the list will go on. - [ nominated benificiary ](https://sapience.com.au/beneficiary) - [ life insurance benificiaries ](https://sapience.com.au/all-tags/life-insurance-benificiaries) - [ binding death nominations ](https://sapience.com.au/all-tags/binding-death-nominations) - [ inheritance management ](https://sapience.com.au/all-tags/inheritance-management) - [ 🛡️ Specialist Risk & Insurance ](https://sapience.com.au/insights/specialist-risk-insurance) [ Read more … ](https://sapience.com.au/blog/the-millionaire-myth-and-how-to-create-an-immediate-inheritance-for-the-people-you-love-no-lottery-win-required) [ ![Aunt Edgar's most recent mulberry wine exploits](https://sapience.com.au/images/blog/intro-forget-the-will-for-a-moment-lets-talk-about-who-makes-decisions-when-you-cant-sapience-financial.jpg) ](https://sapience.com.au/blog/forget-the-will-for-a-moment-lets-talk-about-who-makes-decisions-when-you-cant "Forget the Will for a Moment. Let's Talk About Who Makes Decisions When You Can't") ## [ Forget the Will for a Moment. Let's Talk About Who Makes Decisions When You Can't ](https://sapience.com.au/blog/forget-the-will-for-a-moment-lets-talk-about-who-makes-decisions-when-you-cant) --- ### A Practical Guide to Your Power of Attorney and Enduring Guardianship documents in Australia You’d think appointing someone to make legal decisions for you in case of a future emergency, would be simple. In Australia, you’d be wrong. What’s called an ‘Enduring Guardianship’ document (EPOG) in Sydney requires a completely different document in Melbourne or an ‘Advance Care Directive’ in Adelaide - each with its own strict and unique witnessing requirements. - [ family health & safety ](https://sapience.com.au/all-tags/family-health-safety) - [ inheritance management ](https://sapience.com.au/all-tags/inheritance-management) - [ enduring power of guardianship ](https://sapience.com.au/all-tags/enduring-power-of-guardianship) - [ modern estate planning ](https://sapience.com.au/all-tags/modern-estate-planning) - [ ⚖️ Estate Law & Succession Planning ](https://sapience.com.au/insights/estate-law-succession) [ Read more … ](https://sapience.com.au/blog/forget-the-will-for-a-moment-lets-talk-about-who-makes-decisions-when-you-cant) [ ![a happy young lady in a dress playing on a tightrope in the part supported by her partner](https://sapience.com.au/images/blog/intro-the-double-income-tightrope-what-is-your-backup-plan-for-the-mortgage-sapience-financial.jpg.jpg) ](https://sapience.com.au/blog/the-double-income-tightrope-what-is-your-backup-plan-for-the-mortgage "The Double-Income Tightrope: What's Your Plan B for the Mortgage?") ## [ The Double-Income Tightrope: What's Your Plan B for the Mortgage? ](https://sapience.com.au/blog/the-double-income-tightrope-what-is-your-backup-plan-for-the-mortgage) --- ### The Plan Your Spouse Thinks You Already Have If your Mortgage Repayments rely on two incomes, what happens when one income is gone? As a risk insurance specialist, I see all too often hard working Australian families, who seemingly have doing everything right - juggling two incomes, a home to call their own, yet they're walking a financial tightrope daily that they see as simply, the 'new normal' and feeling powerless to protect themselves from it's very real risks. - [ life insurance ](https://sapience.com.au/life-insurance/life-terminal-illness-insurance) - [ income protection ](https://sapience.com.au/all-tags/income-protection) - [ total & permanent disability (TPD) ](https://sapience.com.au/all-tags/total-permanent-disability-tpd) - [ managing the mortgage ](https://sapience.com.au/all-tags/managing-the-mortgage) - [ family protection ](https://sapience.com.au/all-tags/family-protection) - [ 🛡️ Specialist Risk & Insurance ](https://sapience.com.au/insights/specialist-risk-insurance) [ Read more … ](https://sapience.com.au/blog/the-double-income-tightrope-what-is-your-backup-plan-for-the-mortgage) [ ![collection of seemingly identical plastic barbie dolls in silver jump suits](https://sapience.com.au/images/blog/intro-AI-and-the-future-of-financial-advice-sapience-financial.jpg) ](https://sapience.com.au/blog/ai-and-the-future-of-professional-advice "AI and the Future of Professional Advice") ## [ AI and the Future of Professional Advice ](https://sapience.com.au/blog/ai-and-the-future-of-professional-advice) --- ### Why Frank Sinatra Was Wrong About 'My Way' (And Your Money) There comes a time in everyone's life and business when they need to consider, 'Can they safely DIY or should they seek and take advice?' You see this in remnants of the self-made-man ideology where people are supposed to be inspired by the 'feigned rugged individualism'. So the ledgend goes, such folks in life and business never seemed to need anybody's support, guidance, encouragement and counsel; and ultimately triumph - as sung by the now seemingly immortal words of singer Frank Sinatra, '**I did it my way.**' \* - [ managing small business risks ](https://sapience.com.au/all-tags/managing-small-business-risks) - [ money talk ](https://sapience.com.au/all-tags/money-talk) - [ family protection ](https://sapience.com.au/all-tags/family-protection) - [ 🤝 Small Business Risk & Partnership ](https://sapience.com.au/insights/small-business-risk-partnership) - [ 🌍 Social Leadership & Conscious Business ](https://sapience.com.au/insights/social-leadership-conscious-business) [ Read more … ](https://sapience.com.au/blog/ai-and-the-future-of-professional-advice) [ ![elder man and woman sitting on sand wearing wetsuits while having a conversation](https://sapience.com.au/images/blog/intro-beyond-the-diagnosis-chronic-illness-and-life-insurance-policies-you-can-no-longer-afford-sapience-financial.jpg) ](https://sapience.com.au/blog/beyond-the-diagnosis-chronic-illness-and-life-insurance-policies-you-can-no-longer-afford "Beyond the Diagnosis: Chronic illness and life insurance policies you can no longer afford") ## [ Beyond the Diagnosis: Chronic illness and life insurance policies you can no longer afford ](https://sapience.com.au/blog/beyond-the-diagnosis-chronic-illness-and-life-insurance-policies-you-can-no-longer-afford) --- ### The Unwritten Chapter: Options for Your Life Insurance Policy when you're living with a really, long term life threatening illness When you're diagnosed with a chronic illness, your world shifts. Amid the emotional upheaval and the unexpected costs of budgeting for the costs of the new medical realities, the last thing you need is another source of stress. But for some, that's what their life insurance policy becomes: a monthly bill you wonder should you continue to pay, in a future that's now less predictable? - [ chronic health conditions ](https://sapience.com.au/all-tags/chronic-health-conditions) - [ insurance claims ](https://sapience.com.au/insurance-claims) - [ Life insurance policy co-ownership ](https://sapience.com.au/all-tags/life-insurance-policy-co-ownership) - [ terminal illness ](https://sapience.com.au/all-tags/terminal-illness) - [ 🛡️ Specialist Risk & Insurance ](https://sapience.com.au/insights/specialist-risk-insurance) [ Read more … ](https://sapience.com.au/blog/beyond-the-diagnosis-chronic-illness-and-life-insurance-policies-you-can-no-longer-afford) 1. [ Ending a De Facto Relationship in NSW: The Checklist you Need](https://sapience.com.au/blog/ending-a-de-facto-relationship-in-nsw-checklist) 2. [ Protecting Inheritances: The Bankruptcy Trust in a Protective Will Explained](https://sapience.com.au/blog/protecting-inheritances-the-bankruptcy-trust-in-a-protective-will-explained) 3. [ Protecting Inheritances: The Superannuation Proceeds Trust in a Protective Will Explained](https://sapience.com.au/blog/protecting-inheritances-the-superannuation-proceeds-trust-in-a-protective-will-explained) 4. [ How many times you can claim on a personal insurance policy?](https://sapience.com.au/blog/how-many-times-you-can-claim-on-a-personal-insurance-policy) 5. [ Getting Life and Disability Insurance when you're living with Sleep Apnea](https://sapience.com.au/blog/getting-life-and-disability-insurance-when-youre-living-with-sleep-apnea) 6. [ How to Appoint your Own Medical Decision Maker - your Person Responsible](https://sapience.com.au/blog/how-to-appoint-your-own-medical-decision-maker-your-person-responsible) 7. [ Surgery Prep? The Financial & Estate Planning Checklist You Need To Know](https://sapience.com.au/blog/surgery-prep-the-financial-estate-planning-checklist-you-need-to-know) ### [ Modern Small Business Leadership](https://sapience.com.au/blog/modern-small-business) Page 5 of 49 ## Schema ```json { "@context": "https://schema.org", "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home |", "item": "https://sapience.com.au" }, { "@type": "ListItem", "position": 2, "name": "Blogs", "item": "https://sapience.com.au/blog" } ] } ```