Blog
Welcome to our Personal Finance Blog
Money bewilders most of us. How to spend it, how to 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.
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.
At Sapience, we're all about The How.
Why every parent needs a Plan B for their children's future
The effect of the death of a parent on our children's future
Can we measure the future impact of the loss of a parent? While this is different from family to family, what is measurable is the effect of the financial loss during the most difficult time in a child's life.
A report by ING Australia studied the future impact the loss of a parent can have on a family and the role sound financial advice can play in helping families pick up the pieces. Additional research was conducted 5 years later by ANZ with similar results.
Questions to ask when planning your Will
7 Key Issues to consider when you're planning on making a Will.
Co-Owners and the new way to buy a property and help your kids
Buying a property with others — Co-Owners & Limited Equity Guarantees
With increasing housing prices, changes in our spending and saving patterns, the ongoing uncertainty from the GFC and uncertain government economic policy, many people are now looking to Co-Ownership as a way to enter the property market with lower cost and lower risk. Simply put, Co-Ownership is now mainstream.
Common mistakes with Employer Super Obligations
The Australian Tax Office (ATO) runs education campaigns for business owners in the services industries to help them better understand their super obligations.
These are some of the most common mistakes employers make
Important Video Interview about new liabilities for SMSF Trustees
An interview with David Glenn Special Legal Counsel TAL Insurance and Drew Browne Senior Advisor at Sapience about the new and important issue facing Self Managed Super Fund (SMSF) Trustees
Important update for SMSF Trustees
In August 2012, the Australian Government made an amendment to the SIS Act in Regulation 4.09. ASIC has made it very clear that compliance with Reg 4.09 is a non—negotiable requirement for SMSF Trustees.
Life can be complicated without the instructions
It's no argument this holds true for our financial and investment life too
LEGO building blocks have always been part of happy memories for so many of our clients (apart from stepping on a piece accidentally late at night getting for a glass of water). Many people don't realise they initially were made of wood with the plastic extrusion versions only beginning in 1947.
Ask yourself and then your Accountant this one question every year
Understanding the must-haves and the nice-to-haves
As a child, I remember hearing people say ‘you have to spend money to make money’.
It was one of those comments you would always feel the need to nod in agreement with, even though what it actually meant was a complete mystery to me.
I've gotten a little older now but the reason behind that statement still escapes many small business owners today.
A detailed insight into a business interruption event
Most business owners are focused on the day-to-day delivery of their products and services and doing the best for their customers.
Sometimes we forget to talk about the reality of business interruption and how we can prepare for those times.
How much money does your business owe you? (and will it ever pay you back?)
Why seeing yourself as a shareholder is often better than an owner
People go into business predominantly for the benefit of their families and for greater personal freedom.
The core motivation for many is more around serving others and less about personal entitlement
So is it any wonder, many small business owners often slip and prioritise others to their own personal and commercial detriment - and forget to pay themselves first?
- The 7 Personality traits responsible for 85% of your success
- What a 9 year old boy taught me about courage
- How to protect your business from the natural habits you don’t know you have
- 10 Strategies to improve your mental toughness
- The irritation of doing good in business
- Want the biggest benefit for your buck? Now you're thinking like a philanthropist
- If it's not on your map, you probably won't go there
