Money Magazine September 2018

Money magazine is Australia’s longest-running, highest-selling and most-read personal finance magazine. Money magazine provides credible, independent, easy-to-understand financial advice to help its readers save money and make the most of their investments.

Rainmaker Information Pty Limited
11 号


letter of the month

I started subscribing to your magazine at the beginning of this year after borrowing several old issues from the local library. I love your research, stock recommendations and financial education for children. But I don’t agree with the general note of blaming someone else (banks in this case) for one’s decisions (In Your Interest, August). Despite banks giving incorrect advice, I firmly believe it’s up to an individual to research credit card conditions and plan accordingly – the information and small print are readily available online. It is also common sense that spending $7000 a month on a $5000 monthly salary will lead to debt. So we have to take responsibility for our own decisions – it’s very liberating! I used balance transfers successfully when I was left with a $24,000 credit…

first time buyers jump in

It appears first home buyers reckon now is a great time to make their move. The latest ABS housing finance figures indicate that first-timers accounted for 18.1% of owner-occupier loans in June. Numbers haven’t been this good since 2012. Investors, on the other hand, accounted for 41% of new mortgage lending in June, their lowest share in seven years. While the Reserve Bank hasn’t had to move rates to soften the market, other factors have been doing this. And, as Ross Greenwood points out in his column (page 72) , investors are “being diverted to where – for now – there are better returns, namely the stockmarket”. First home buyers are certainly no fools for jumping in. Last month, we saw our population hit 25 million – 33 years ahead of schedule. As…


Kids need money skills As a mum of four, I was pumped to pick up the July issue with its feature on “The advice I give my kids. Guide to good money habits”. How refreshing it was to read how other parents tackle this tough topic. We all need good, basic money skills to survive in this world, most of which are taught at home with little support from the formal education system. We all need to do our kids a favour and teach them the art of making their hard-earned money work for them through investing while avoiding the sharks and pitfalls of our greed-driven world. Margie Bring back the passion Work to live? Or live to work? That is the question. In an era that demands ingenuity, creativity and vision, one must question…

what $20 item could you not live without?

JEREMY SHEPPARD Jeremy is research director at Empower Wealth and co-creator of . Jeremy says: “A tin of coffee goes a long way. It’s saved me many times from getting caught head down on my desk in a post-lunch carb coma or choking on a tie-inhaling yawn in a long meeting.” DAVID BONNICI David is a motoring journalist at David says: “Despite my smartphone habit I still can’t live without an old-school Moleskine notebook, which I use to record impressions about the different cars I drive. I’m yet to find an electronic device that lets me access my thoughts so quickly.” BEN KINGSLEY Ben is the founder of Empower Wealth, co-host of The Property Couch podcast and co-creator of Ben says: “My headphones. They close out the noise of the outside world…

in your interest

I had a good chuckle recently when I was introduced at a conference as an “industry veteran”. Feeling fit and healthy and full of vim and vigour at age 63, I pondered debating the “veteran” description but it is the truth – not only when I look in the mirror but in reality. It is even more so when I look back to starting ipac in 1983 with my four wonderful partners, who are still dear friends. The revelations from the royal commission are pretty ugly but go back 35 years and the financial services industry was more like the wild west: zero licensing, managed funds with entry fees of over 8% and undisclosed ongoing management fees of over 3%, no consumer recourse for shocking advice except via our expensive court…

avoid the digital cemetery

One day Facebook may have more dead “memorialised” members than living ones. Planning for the ownership of digital assets in your will has never been more relevant. Ownership of digital assets is a difficult legal area as legislation and the social media platforms themselves have struggled to keep up. While the motivation is often to ensure that photos and precious memories are preserved on social media platforms, don’t make the mistake of assuming digital assets have no value. Digital wallets such as PayPal can have money stored on them, internet domain names can have value and sometimes be sold, and the musings of bloggers can even be a type of intellectual property. For investors in bitcoin and other types of cryptocurrency, what will happen if you die is a big consideration. Cryptocurrency is…