Blog
Welcome to our Personal Finance Blog
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.
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.
The ultimate conversation stopper for most parents at the weekend BBQ with friends is, 'How will you pay for school fees?'
Asking this question usually results in all surrounding conversation falling silent, as everyone has an opinion on this uncomfortable and expensive topic.
Braces, Orthodontics, and School Fees – the big three conversation stoppers for every parent (and engaged Uncle or Aunty).
No matter if you're hoping to send your child to an elite private school, a selective school or the local government school, you know you're going to need to dip deep into your pocket.
A type 2 diabetes diagnosis can feel overwhelming, to say the least.
And while many of us may have a general idea of what this disease is, there’s a lot of misunderstanding surrounding what it means for the future for a person newly diagnosed with diabetes, and their families.
Life goes on, jobs have to be kept, mortgage repayments made and the future just looks a little more complicated.
Did you know wealthy people still use Life Insurance policies? Here are six reasons why wealthy people continue to use Life insurance policies, regardless of their wealth
Life insurance is a cost-effective financial tool that provides protection and financial security for individuals and their families, in the event of an unexpected death, disability or serious medical condition. Life Insurances also play an important part in helping business owners protect themselves and their families, from core business risks too.
Now while many people may associate life insurance with the middle class, it may come as a surprise to some that many wealthy individuals still choose to utilise life insurance as part of their overall financial planning, despite their already substantial wealth and reduced need for a financial safety net.
And here's why.
Life Insurances are important financial tools that help us manage the inevitable ups and downs of life, love and business. They're an easy cost-effective way to safeguard our unpredictable futures, just in case.
But many people leave it too late to prepare for the unexpected and get their insurances in place, many suddenly finding themselves Uninsurable.
So when might it be too late to get insurance?
Quick Federal Budget Summary for 2023-2024
The 2023-24 Federal Budget has a number of highlights relevant to many of our clients, friends, and supporters explored further below.
Few things are more disturbing to a business owner than the risk of being caught in business, with their former partner's spouse
Any relationship involving more than one person is complicated.
- Add a business relationship with other people – whether your spouse, other family members, or a non-family member, and any relationship breakdown involving these stakeholders will no doubt affect the business too.
- Add shared ownership of a profitable business with another person – and you have the perfect storm waiting for you in the future if you don't take action today.
The answer is in creating a simple legal document called, a Buy- Sell Agreement (BSA) and this is why.
- How to Protect your Family, from your Business
- How to Split an Unsplittable Inheritance
- What happens to your Super in a relationship breakdown?
- The Difference between Small Business Exit plans & Small Business Succession planning
- What's the backup plan when the business stalls but the Overhead Costs keep coming?
- Who can make decisions for you when you're living with Dementia or a brain injury?
- What's the backup plan for you, if your business partner died tonight?
