Money Magazine May 2019

It’s a humbling moment for me to write this note, my first as the new editor-in-chief of this publication. The Money team, superbly led by Pam Walkley as editor, Effie Zahos as her deputy and the iconic Paul Clitheroe as chief commentator, did something extraordinary when they started in 1999. They delivered the first practical and easy-to-understand magazine about money to everyday households. Money, in its 20th year, is moving to its new home with the Rainmaker Group, a financial services information company. While Rainmaker is little known outside the financial services industry, it has covered money-related issues for more than 28 years. It publishes Financial Standard, an industry newspaper where I cut my teeth as a finance journalist, covering superannuation, financial advice and wealth management. While Money is changing…

It’s a humbling moment for me to write this note, my first as the new editor-in-chief of this publication. The Money team, superbly led by Pam Walkley as editor, Effie Zahos as her deputy and the iconic Paul Clitheroe as chief commentator, did something extraordinary when they started in 1999. They delivered the first practical and easy-to-understand magazine about money to everyday households. Money, in its 20th year, is moving to its new home with the Rainmaker Group, a financial services information company. While Rainmaker is little known outside the financial services industry, it has covered money-related issues for more than 28 years. It publishes Financial Standard, an industry newspaper where I cut my teeth as a finance journalist, covering superannuation, financial advice and wealth management. While Money is changing address, it…

Letter of the month Outsourcing household jobs is the way to go Thank you for producing such a high-quality magazine on the important issue of money. I only wish I had been introduced to it when I was 18. I’m sure I would be much wealthier now if I had the benefit of the articles and advice that Money provides each month. I would like to comment on the article “Give chores the finger” (March 2019). As someone who is self-employed, I benefit by outsourcing the mowing of my lawn. Over the years my wife and I have paid for the cleaning of our house and for ironing from time to time. If you are a professional you can gain a financial benefit by putting that time into your business and paying someone to…

Letter of the month Outsourcing household jobs is the way to go Thank you for producing such a high-quality magazine on the important issue of money. I only wish I had been introduced to it when I was 18. I’m sure I would be much wealthier now if I had the benefit of the articles and advice that Money provides each month. I would like to comment on the article “Give chores the finger” (March 2019). As someone who is self-employed, I benefit by outsourcing the mowing of my lawn. Over the years my wife and I have paid for the cleaning of our house and for ironing from time to time. If you are a professional you can gain a financial benefit by putting that time into your business…

DARREN SNYDER Darren is managing editor of Money magazine. Darren says: “Saving during university. I started to save with a part-time job at uni but didn’t maintain my discipline. Ultimately, it was the difference in buying a home much earlier.” BEN KINGSLEY Ben is managing director of Empower Wealth. Ben says: “Way back when, I bought a property that was always destined to be an investment property. No one told me about the benefit of using an offset mortgage account instead of paying it down. Won’t make that mistake again.” JOANNA MCCREERY Joanna is a director of Majella Wealth Advisers. Joanna says: “With the benefit of hindsight, I’d have been less conservative with my finances in the early 2000s. I should have kept and rented out our Rozelle (Sydney) terrace instead of selling it to…

DARREN SNYDER Darren is managing editor of Money magazine. Darren says: “Saving during university. I started to save with a part-time job at uni but didn’t maintain my discipline. Ultimately, it was the difference in buying a home much earlier.” BEN KINGSLEY Ben is managing director of Empower Wealth. Ben says: “Way back when, I bought a property that was always destined to be an investment property. No one told me about the benefit of using an offset mortgage account instead of paying it down. Won’t make that mistake again.” JOANNA MCCREERY Joanna is a director of Majella Wealth Advisers. Joanna says: “With the benefit of hindsight, I’d have been less conservative with my finances in the early 2000s. I should have kept and rented out our Rozelle (Sydney) terrace…