Money Magazine

EDITOR'S DESK To buy or not to buy? That is the question we ask ourselves when an investment opportunity is laid out in front of us. In our cover story this month, “The new mindset for success” (page 32), we share how finance experts make the right d

Contributing writer “With the rising cost of living, we've all had to make changes. Giving up some branded items in my grocery shopping has seen me making alternative (and more cost-effective) choices. While I believe there is a difference between br

EDITORIAL Founder & editorial adviser Paul Clitheroe Editor-in-chief Michelle Baltazar (02) 8234 7500 [email protected] Managing editor Genevra Leek [email protected] Art director Ann Loveday Designer David Matthews Senior

I've always liked to work. My first paid job was at a small, local fresh fruit and veg shop. For two years I sacrificed 2½ hours every Sunday morning to earn a mere $12. I wanted to stay in bed, but I needed that money to hang out on the weekend. No

The federal government's recent announcement regarding token mapping (grouping types of crypto assets based on their technological features and underlying code) and consumer protections recognises the significance of Australia's digital asset infrast

For years, talking about sex and money was taboo. But thanks to an array of books and shows like Sex and the City, sex became simply something else we talked about. I, for one, would love money to be given the same treatment. For a moment, I thought

FRIENDS WITH MONEY #63: The average Australian is struggling under the weight of rising food prices, skyrocketing mortgage interest rates, falling house prices and everything in between. That's the not-so-good news. On the flipside, however, as a res

Putting your hand in your pocket is always an admirable act, but it turns out that some Aussies are more charitable than others. Australian Red Cross figures for the period between January 2019 and April 2022 reveal that women ($91.37 million) edged

Property prices across the country continue to retreat, with CoreLogic announcing a fourth straight monthly drop in its national Home Value Index. Price declines even appear to be ramping up, as the 1.6% national drop recorded by CoreLogic during Aug

The fallout from an increasing number of extreme weather events is flowing through to home insurance premiums, prompting a growing number of households to question whether they will be able to pay for cover in years to come. A recent survey of 1083 h

This month sees the auction of four limited edition Gibson Les Paul Custom electric guitars that Paul McCartney and Slash have performed with. Gibson Guitars for Peace initiative aims to raise awareness and funds for the people of Ukraine, with 100%

MORE SHARES STORIES ON P76-89 Retail investor numbers have dropped as pandemic-driven hype dampens confidence, according to an Investment Trends report, 2022 First Half Australia Online Investing. It reveals retail online investor numbers have begun

Wesfarmers has reported a recovery after the lockdown-affected first half, with Kmart Group a highlight. Profits were further boosted by the benefits of the Target restructuring, rising 19% in the second half, excluding Catch, after a first-half decl

QPaul, I'm starting from scratch. I had really good financial integrity (or so I thought), but I'm recovering from severe depression and two suicide attempts and have been unemployed for six months. As you can see, it was a perfect storm. I'm all on

QI have a question about teaching good money management to kids. My husband and 1 are both good with our money - we pay our bills, live reasonably comfortably while putting money away for family holidays. My daughter, however, cannot save her pocket

Q We gifted our two sons money to buy their homes (we scrimped, sacrificed and saved to help them out - it's their inheritance}. How do they/we protect their assets if/when they become partnered, considering the high number of relationships that brea

While having your vehicle maintenance handled by professionals is important, inspecting your car yourself can also save you money. Correct pressure is the surest way to prolong tyre life, reduce fuel consumption and maintain safe contact with the roa

I can't remember when I had a sub$25 riesling that has impressed me so much. This Clare Valley white, from one of the region's most popular and best wineries, has lively aromatics, all wildflowers and lavender; is bright yet deep with limey, lemony f

Lose yourself in these intricate 1000-piece puzzles, depicting familiar characters and scenes from Jane Austen and Charles Dickens' novels, and the world of Shakespeare. Collect all the classics or gift to a literary friend How much: from $39.99each

Grown and made by Emmanuelle and Toby Bekkers and available from their stylish cellar door, this is an outstanding regional wine. Perhaps more restrained than stereotypical McLaren Vale shiraz, the 2020 red is surprisingly approachable, gently aromat

What is it? October is Mental Health Month, and the Black Dog Institute wants Aussies to walk, run or roll in solidarity with those who are struggling with mental health. One in five of us experiences symptoms of mental illness each year, but more th

As Covid restrictions ease, fire authorities are resuming home safety visits. Firefighters will visit your home, check your alarms and replace batteries if needed. They can also help you prepare a fire escape plan. This free service is open to everyo

I've sold a house in Sydney and bought another cheaper one so I could be mortgage free. I'm 63 and I'd like to invest the extra but am terrified when I keep reading about scams in the financial industry. How can I find an adviser I trust, and how can

The concept of emotional intelligence (EI) - the ability to understand and manage emotions effectively - is spruiked as the winning ingredient in everything from corporate leadership to skincare. Increasingly and perhaps somewhat surprisingly, it's a

As researchers involved in the Dunedin experiment discovered, El is the only major predictor of success in life, with factors such as IQ, academic performance, culture, experience or hereditary wealth having little to no predictive validity. The good

The first step to understanding anything is to build a language around it to house understanding. Try thinking about something that you don't have a word for - it's impossible. To articulate is to think. Words are the conceptual vessels that help us

Almost every smartphone owner will have felt the sense of dread when a phone slips out of the hand and hits the floor - dread that, once it's flipped over, the once pristine screen will have been transformed into a mosaic of glass. Given the number o

One of the great strengths of human beings is our ability to evolve. And unlike physical features, our attitude to money is not genetically determined. So it is possible to change your money personality. Getting to know yourself better isn't always e

What is it? Started in Melbourne in 2010 by Tamara DiMattina, Buy Nothing New Month is a movement that has since spread around the world. As the name implies, the challenge is to avoid buying anything new for an entire month to help get us thinking a

Fear. It is such a primal, instinctive emotion. Evolutionary psychologists theorise that over the millennia we have genetically bred this fear instinct, as natural selection favoured those who better sensed potential danger. So essential is this fear

1300 850 115 acma.gov.au 1300 302 502 accc.gov.au 1800 931 678 afca.org.au 1300 300 630 asic.gov.au 131 279 asx.com.au 1800 812 798 (outside Sydney) 9264 9300 (Sydney) superannuation.asn.au 1300 737 373 (within Australia) +61 3 9606 9677 (outside Aus

Franchising is a popular way to start and operate a successful small business. According to the business adviser IBISWorld, the market size for franchised outlets in Australia is $172 billion, and more than 94,500 small businesses operate as franchis

Parents can help their kids learn about their rights and how to keep records of their shifts, pay, starting and finishing times and roster arrangements, explains the ACTU, the peak body for unions. It is important for kids to be clear with their empl

From July 1, 2022, you are entitled to super guarantee contributions regardless of how much you earn if you satisfy aii other eligibility requirements. It doesn't matter whether you're full time, part time or casual, or if you're a temporary resident

You can contribute up to $27,500 a year on a pre-tax basis into superannuation regardless of your age and income. This limit includes all contributions paid through your employer or for which you intend to claim a tax deduction. If you contribute mor

Superannuation is a savings scheme designed to support you in retirement. To access it and begin withdrawing some of your money from your accounts, you need to be older than your preservation age (which depends on when you were born) and retired or a

If you're receiving income as a freelancer, gig worker or sole trader, generally the responsibility for making super contributions is on you (known as voluntary contributions or after-tax contributions). If you are seif-employed or a freelancer then

When you join MySuper or any other super product, you may get a minimum level of insurance cover. This standard usually comprises death and TPD cover, although some funds also include income protection cover. The cost and amount of this cover varies

Self-managed super funds (SMSFs) are those where small groups of individual members (six or less) decide to operate their own fund. In technical terms, all the members of an SMSF must be trustees of the fund or they must pay a professional trustee co

While it's easy to get caught up in the rags-to-riches investor tales of GameStop or Telstra's fully franked dividend, asset allocation deserves more attention from investors. It is readily overlooked and often misunderstood, even though it is critic

Source: Rainmaker Information. Data sourced as at June 30,2022. *Numbers stated here depict averages, other than the Rank column, which is the total number of funds in the category. For any queries on these tables, please contact [email protected]

In millennia past, India, China and the Middle East ruled the world's economy. It's estimated that in the year 1000, India held almost 30% of world GDP, China about 22%, with western Europe and the Middle East on about 10% each. But the industrial re

What is your first experience managing your finances? At 14, I was given a wage by my parents. We're not talking Paris Hilton - it would have been about 50 pounds a week, but it felt like a lot. They bought food and put a roof over my head and then I