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.
Life happens to us all, all the time - avoid the mess the unexpected death of a business partner will cause
Many people go into business with a business partner. It can be a great way to leverage your skills, increase your profitability and extend your reach into new customer markets.
The downside is, if not managed, it can also increase your risk of losing it all.
Whether you’re in business with a family member repairing cars or you’re part of a group of professional colleagues running an accountancy firm; each business has its own particular risks and rewards that need managing.
But there is one risk that is special to all partnerships.
Downsize your home & Upsize your Super
The closer you get to retirement age, the more your thoughts may be to learning about more ways to get more money into your superannuation fund. While you might consider downsizing your home, why not consider upsizing your super balance at the same time?
Getting more money into your super when you sell the family home is just one of the strategies to consider when thinking about how to increase the balance of your super fund.
The average lifetime cost of care for the top Five Major Health Conditions
As medical advances continue to make amazing advances that extend life, it's good news, — it's also expensive news.
The good news is more Australians are living longer healthier lives. Our ability to recover from major illnesses is improving and our lifespans in retirement are becoming longer - presenting a new problem — the risk of outliving our superannuation and funding the lifetime cost of care for major medical conditions we all will face.
New National Secure Document Storage Service
There are some important questions that will always need to be asked, and often at the time when you would rather not have to deal with the answers.
This is why having a plan in place to answer them, just in case, makes these two questions easy to answer. (Not knowing the answers to these two questions only causes more grief and anxiety).
These two uncomfortable questions will need to be asked every time at the passing of a loved one and are;
- Do you know if a Will was ever made?
- Do you know where the Will is stored?
The Curse of a Post Office Will Kit
Voodoo, Gypsy Curses, Newsagency Will Kits, and other bad ideas
For as long as we’ve told stories, we’ve told stories about curses. Often, they’re punishments, occasionally they’re strictly allegorical, sometimes they are hopeful, and sometimes they’re just plain bad luck.
Mummy curses are relatively familiar to most people, followed by those more personalised ones pronounced by a Hattian Voodoo Priest. For the theatre lovers, the Shakespearean Macbeth comes to mind — so the story goes, a coven of witches objected to Shakespeare using real incantations, so they put a curse on the play — and who dare forget the curse of Tutankhamen's Tomb and of course, Indiana Jones and the Ark of the Covenant.
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.
- Is it time to upgrade how you see Retirement?
- Federal Budget Summary 2022-23
- Do you have a Company Power of Attorney in place?
- Ever had friends or family constantly ask to borrow money?
- What are the signs it's time to update my Will?
- The 'Numbers of Business' risk increases with the number of business partners
- What are the odds of you needing to claim on your personal insurance?