Money Magazine

In a podcast episode, motivational speaker Mel Robbins talked with her daughter Kendall, a budding singer-songwriter, about the impostor syndrome. Despite finishing top of her class in a prestigious university, Kendall felt like an impostor when she

Great article by Vita Palestrant regarding insurance within your super account (“Check your insurance cover too”, August 2023). I'd like to add a couple of points from my own “insurance journey”. Many of us have income protection insurance (IP) throu

EDITORIAL Founder & editorial adviser Paul Clitheroe Editor-in-chief Michelle Baltazar (02) 8234 7500 [email protected] Art director Ann Loveday Designer David Matthews Senior sub-editors Bob Christensen, Debra Duncan Senior writers S

Partnerships manager, Rainmaker For as long as I can remember I have always been in love with shoes and I am known for this among my friends and family. At least my husband has finally accepted the fact (I think) “we” will always have a shoe storage

National cabinet last month backed a deal on housing that sets a new target of building 1.2 million homes over five years. There is $3 billion in federal incentives up for grabs for states and territories that help meet the goal, and the federal gove

During my time as an accountant, I saw how many of us fall into the trap of procrastinating when it comes to our finances and ending up with a mountain of taxtime stress. New research from Intuit QuickBooks puts figures to this trend, revealing that

Compounding is one of the most valuable lessons an investor can learn. $50,000 invested at a 20% annual return and left to compound will be worth $2 million in 20 years. In a business context, compounding relies on reinvestment. Earnings are reinvest

Thinking about jumping head first into investing? Read this book before you take the plunge. Investing doesn't have to be hard or timeconsuming. Technology has made the stockmarket more accessible than ever and even a few cents is enough to get you s

Anyone approaching retirement will hopefully have done their research to find out how to live comfortably in their golden years with the perfect balance of super and age pension. But what about those who want to go beyond comfortable and enjoy their

Do you make money from your hobby? If so, you should consider the tax consequences. People who make money from their hobby are in the ATO's sights this year, on the grounds that they are really conducting a small business and should be taxed accordin

How to save on your winter energy bill

Sharemarket analysts have traditionally been pessimistic about the outlook for consumer electronics during a downturn, as big-ticket purchases tend to be one of the first expenses cut. But sales of phones and gaming consoles at JB Hi-Fi and the Good

Many Australians are suffering housing stress, according to a new report. An internationally accepted benchmark of stress is that housing needs to be no more than 30% of a household budget to avoid financial worries and difficult choices. Brutal Real

The number of Australians trading shares and exchange traded funds (ETFs) online has dropped by 15% in a matter of months. While 1.28 million investors placed a trade in the year to May, according to the latest Australian Online Investing Report from

All epic tales involve a little tragedy. Achilles had his heel. Samson had a haircut. And ResMed has its gross margin. It was down more than two percentage points in the three months to June – a mudslide by historical standards. At 55% it's the lowes

Rocky is stressing over the investment property he bought to help his daughter Q My wife and I bought an investment property a couple of years ago, hoping that our young daughter might be able to move into it when she finishes school. But the rent do

Where from: thevisuals.com.au ■

Here's a chance to note that one of Margaret River's finest, winemaker Mark Messenger, is stepping back after 25 years at Juniper Estate. This budget-priced red is predominantly cabernet sauvignon with merlot and a touch of cabernet franc, malbec and

In 2022, the ‘Applejack’ is my pick of three impressive single-vineyard pinots from the Yarra's Giant Steps, where winemaker Mel Chester has comfortably moved into the big shoes of Steve Flamsteed. Her talent shines in the individuality of these wine

They say all the best breakthroughs in science basically stem from complete accidents, and so too it was with Kikuo Ibe. The Japanese engineer, legend has it, bumped into a stranger on the street, causing his wristwatch (given to him by his father) t

The Kids’ Cancer Project has a vision: “To see a 100% survival rate for children with cancer while eradicating the harmful impacts treatment can bring.” It is in this quest that the organisation, which recently marked its 30th anniversary, supports “

When the footpath outside your favourite shop is a trip hazard, or a car is abandoned near your local park, do you ignore it because contacting the right authorities is just too hard? The Snap Send Solve app lets you report issues to any council in A

Traditionally, Australians have built wealth for their later years by buying a family home and paying it off. Having a mortgage-free home going into retirement not only gives you the security of your own place to live in, it opens up opportunities to

CASE STUDY Graham didn't buy a home and has always rented. In 1993, he started investing in the ASX, starting with $2000 and regularly investing $6000 a year. After 30 years, this is worth $953,739 (The ASX has returned an average 9.64% a year over t

It can take the average first home buyer more than five years to save for a house deposit. That's five more years of paying rent, watching your dollars and hoping house prices don't shoot upwards again. But there are ways to get into the home ownersh

Australia has a dire shortage of affordable housing. While governments fund the bulk of the social housing our country needs, private investors can also play an important role. Rents for affordable housing are below market levels, but this is offset

While the National Rental Affordability Scheme, under which the federal government paid incentives for providers of affordable housing, is being phased out, private owners who provide affordable housing are still eligible for some tax concessions. Al

The winner had the highest overall composite ratings scores across products and features, customer service and digital experience. Only national full-service banks were eligible to win this premier award. WINNER: MACQUARIE BANK Similar to Bank of the

We are delighted to bring you this year's Consumer Finance Awards, which are designed to recognise the country's leading banks and insurers. In determining this year's winners, we've strengthened our selection criteria by incorporating the results of

CASE STUDY When Resha Patel started using the budgeting program You Need A Budget (YNAB) in 2013, her aim was simple: to get a better sense of where her family was spending money. Built around the zero-based budgeting system in which every dollar is

Excellent question, Aimee. In fact, it's one of the most important for any young family. As you know, life is a series of moments and decisions. You go one way and it is rarely possible to look back and analyse the impact of the other path. But if yo

Young people are so keen for a job in industries such as media, public relations, law, creative arts and not-forprofits that they will gladly take an unpaid internship to gain experience and have it on their CV. As well, internships are now a compuls

There's a particularly unsettling feeling that comes with the realisation that your fridge's soothing hum sounds more like a truck idling, or your cutlery and glasses looked cleaner before they went into the dishwasher than when they came out. Perhap

South Australian Maureen Mills and her husband have been customers of Heritage and People's Choice for more than 30 years. That may be something of a record, but Mills admits she started out with some of Australia's biggest banks. “We didn't have goo

At the end of the day, rental properties are investments. So it is essential that the numbers stack up. While converting your property to a smart home with all the bells and whistles may not be achievable, it is worth working out which investments wi

Aims to achieve long-term capital growth exceeding the return of the market by investing in global equities. Since 1986, the manager has maintained a unique investment philosophy based on selective stock picking coupled with thematic tailwinds and a

While ASIC's analysis found a base of fairly consistent label usage, with the five main labels having reasonably well-established meanings, it also picked up some “divergent behaviours and practices” that could make it more difficult for consumers to

Q How did you come up with the idea for the Oodie? Did you expect it to become as big as it has? At the time, I was selling weighted blankets as I saw how helpful they were to people. Knowing that the big box retailers were going to copy our product,

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