---
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=81"
date: "2026-06-26T22:13:20+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)

---

  [ ![](https://sapience.com.au/images/blog/intro-when-to-arrange-intended-parent-and-ivf-surrogate-life-insurances-chart-sapience-financial.jpg) ](https://sapience.com.au/blog/when-to-arrange-intended-parent-and-ivf-surrogate-life-insurances-chart "When to arrange Intended Parent and IVF Surrogate Life Insurances chart") ##  [ When to arrange Intended Parent and IVF Surrogate Life Insurances chart ](https://sapience.com.au/blog/when-to-arrange-intended-parent-and-ivf-surrogate-life-insurances-chart)

---

### Help for Intended Parents and IVF Surrogates – Life Insurances timeline

Are you or a friend thinking about Growing Families through IVF? Are you considering using Altruistic Surrogacy?

Planning for an assisted pregnancy can be exciting – and overwhelming. This is a wonderful time of stress, joy, hope, more stress, and more joy. Some might say it's a compressed version of modern family life anyway.

- [ life insurance ](https://sapience.com.au/life-insurance/life-terminal-illness-insurance)
- [ income protection ](https://sapience.com.au/all-tags/income-protection)
- [ surrogacy ](https://sapience.com.au/all-tags/surrogacy)
- [ intended parents ](https://sapience.com.au/all-tags/intended-parents)
- [ IVF insurances ](https://sapience.com.au/all-tags/ivf-insurances)
- [ 🛡️ Specialist Risk & Insurance ](https://sapience.com.au/insights/specialist-risk-insurance)

 [ Read more … ](https://sapience.com.au/blog/when-to-arrange-intended-parent-and-ivf-surrogate-life-insurances-chart)

  [ ![retiree and two grandchildren making crafts](https://sapience.com.au/images/blog/intro-is-it-time-to-upgrade-how-you-see-retirement-sapience-financial.jpg) ](https://sapience.com.au/blog/is-it-time-to-upgrade-how-you-see-retirement "Is it time to upgrade how you see Retirement?") ##  [ Is it time to upgrade how you see Retirement? ](https://sapience.com.au/blog/is-it-time-to-upgrade-how-you-see-retirement)

---

### How we defined Retirement is changing, again

The one constant in life is change; (and if you're about to retire in the next 10 years you ain't seen anything yet).

Retirement is going to come to us all whether we like it or not - and whether we’re prepared for it or not. So it makes sense to keep an eye on what's happening in that space - if not for yourself, for your ageing friends and parents.

- [ pre-retirement planning ](https://sapience.com.au/all-tags/pre-retirement-planning)
- [ modern estate planning ](https://sapience.com.au/all-tags/modern-estate-planning)
- [ mindset ](https://sapience.com.au/all-tags/mindset)
- [ 🌳 Family, Legacy & Aging ](https://sapience.com.au/insights/family-legacy-aging)

 [ Read more … ](https://sapience.com.au/blog/is-it-time-to-upgrade-how-you-see-retirement)

  [ ![telescope on ship ](https://sapience.com.au/images/blog/intro-federal-budget-summary-2018-19-sapience-financial.jpg) ](https://sapience.com.au/blog/federal-budget-summary-2022-23 "Federal Budget Summary 2022-23") ##  [ Federal Budget Summary 2022-23 ](https://sapience.com.au/blog/federal-budget-summary-2022-23)

---

### Quick Federal Budget Summary for 2022-2023

### The 2022-23 Federal Budget has a number of highlights relevant to many of our clients, friends, and supporters explored further below.

- [ federal budet highlights ](https://sapience.com.au/all-tags/federal-budet-highlights)
- [ 📰 Sapience General Archive ](https://sapience.com.au/insights/sapience-general-archive)

 [ Read more … ](https://sapience.com.au/blog/federal-budget-summary-2022-23)

  [ ![](https://sapience.com.au/images/blog/intro-do-you-have-a-company-power-of-attorney-in-place-sapience-financial.jpg) ](https://sapience.com.au/blog/do-you-have-a-company-power-of-attorney-in-place "Do you have a Company Power of Attorney in place?") ##  [ Do you have a Company Power of Attorney in place? ](https://sapience.com.au/blog/do-you-have-a-company-power-of-attorney-in-place)

---

### What is a Company Power of Attorney, and why every sole director of a private company needs one

**Essential reading for all Company Directors**

- Do you own and operate a business under a company structure?
- Are you the sole director and shareholder of your Pty Ltd. trading or operating company?
- Are you the sole director and shareholder of a company that acts as a Corporate Trustee for a Trust or a [Self-Managed Super Fund](https://sapience.com.au/index.php?Itemid=1636) (SMSF)?

**If so, you need to know this…**

- [ managing small business risks ](https://sapience.com.au/all-tags/managing-small-business-risks)
- [ company power of attorney ](https://sapience.com.au/all-tags/company-power-of-attorney)
- [ key legal documents ](https://sapience.com.au/all-tags/key-legal-documents)
- [ ⚖️ Estate Law & Succession Planning ](https://sapience.com.au/insights/estate-law-succession)

 [ Read more … ](https://sapience.com.au/blog/do-you-have-a-company-power-of-attorney-in-place)

  [ ![Maneki-neko The maneki-neko (招き猫, lit. 'beckoning cat') is a common Japanese figurine which is often believed to bring good luck to the owner](https://sapience.com.au/images/intro-ever-had-a-friend-or-family-member-constantly-ask-to-borrow-money-sapience-financial-.jpg) ](https://sapience.com.au/blog/ever-had-friends-or-family-constantly-ask-to-borrow-money "Ever had friends or family constantly ask to borrow money?") ##  [ Ever had friends or family constantly ask to borrow money? ](https://sapience.com.au/blog/ever-had-friends-or-family-constantly-ask-to-borrow-money)

---

### History tells us there are some places even angels fear to tread — and for good reason.

Perhaps lending money to friends and family is one of those dangerous places.

Odds are somewhere in your family tree or circle of friends there's someone you care about who's not good with their money. They might carry multiple credit card debts, short-term loans (are probably addicted to After Pay buy-now-pay-later credit) and still somehow afford UberEATS food delivery services - when they absolutely can't get out of the house.

Eventually, they may even end up on the slippery slope to ruin, of Payday Loans.

- The reality is you can’t lend money to everyone and for the sake of maintaining your relationships, it might be best not to.
- [ Get Life Confident ](https://sapience.com.au/all-tags/get-life-confident)
- [ difficult conversations ](https://sapience.com.au/all-tags/difficult-conversations)
- [ loans to adult children ](https://sapience.com.au/all-tags/loans-to-adult-children)
- [ inter family loans ](https://sapience.com.au/all-tags/inter-family-loans)
- [ money habits ](https://sapience.com.au/all-tags/money-habits)
- [ borrowing from friends or family ](https://sapience.com.au/all-tags/borrowing-from-friends-or-family)
- [ money culture ](https://sapience.com.au/all-tags/money-culture)
- [ Pre-elder abuse ](https://sapience.com.au/all-tags/pre-elder-abuse)
- [ 🏠 Wealth Builders & Home Finance ](https://sapience.com.au/insights/wealth-builders-home-finance)

 [ Read more … ](https://sapience.com.au/blog/ever-had-friends-or-family-constantly-ask-to-borrow-money)

  [ ![](https://sapience.com.au/images/blog/intro-when-should-i-update-my-will-sapience-financial.jpg) ](https://sapience.com.au/blog/when-should-i-update-my-will "What are the signs it's time to update my Will?") ##  [ What are the signs it's time to update my Will? ](https://sapience.com.au/blog/when-should-i-update-my-will)

---

### One of the common questions in the back of many people's minds is *when* should I update my Will and Power of Attorney documents?

Wills and other estate planning documents (like a Power of Attorney or Medical Guardianship) are 'live documents' that naturally need to be updated at different times of our life.

The trick is to learn to recognise the signs when you need to consider an update.

- [ family health & safety ](https://sapience.com.au/all-tags/family-health-safety)
- [ power of attorney ](https://sapience.com.au/all-tags/power-of-attorney)
- [ Wills ](https://sapience.com.au/all-tags/wills)
- [ 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/when-should-i-update-my-will)

1. [ The 'Numbers of Business' risk increases with the number of business partners](https://sapience.com.au/blog/the-numbers-of-business)
2. [ What are the odds of you needing to claim on your personal insurance?](https://sapience.com.au/blog/what-are-the-odds-of-you-needing-to-claim-on-your-personal-insurance)
3. [ Looking for a Business Partner?](https://sapience.com.au/blog/looking-for-a-business-partner)
4. [ Family Loan Agreements - a Precaution not a Plan](https://sapience.com.au/blog/family-loan-agreements-a-precaution-not-a-plan)
5. [ Federal Budget Summary 2021-22](https://sapience.com.au/blog/federal-budget-summary-2021-22)
6. [ Three facts of modern life: Death, Taxes & Increasing Petrol Prices](https://sapience.com.au/blog/three-facts-of-modern-life-death-taxes-increasing-petrol-prices)
7. [ Learning new skills to survive another different kind of year](https://sapience.com.au/blog/learning-new-skills-to-survive-another-different-kind-of-year)

### [ Modern Small Business Leadership](https://sapience.com.au/blog/modern-small-business)

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