Paul Clitheroe is a founding director of leading financial planning firm ipac, and has been involved in the investment industry since he graduated from the University of New South Wales in the late 1970s. He has completed the two-year postgraduate course offered by the Securities Institute and is a Fellow of that professional body. He was a board member of the Financial Planning Association of Australia between 1992 and 1994; in 1993 he was elected the Vice President and in 1994, the President. From 1993 to 2002 Paul hosted the popular Channel 9 program Money. Since 1999 he has been the chairman and chief commentator of Money magazine. He writes personal finance columns for metropolitan, suburban and regional newspapers across Australia and presents Talking Money on radio nationally. Paul has been a media commentator and conference speaker for more than 30 years, and is regarded as one of Australia's leading experts in the field of personal investment strategies and advice.
In 2003, the federal government appointed Paul Chairman of the Financial Literacy Taskforce. That body has since evolved into the Australian Government Financial Literacy Board, and Paul continues as Chairman. In 2008, Paul was appointed a Member of the Order of Australia (AM) for service to the community and the financial sector through the promotion of financial literacy.
Paul, a keen sailor and golfer, lives in Sydney with his wife and three children. ~ from Penguin Australia
This is a basic introductory book into saving money. It explains the basic process to follow in order to get your finances organised and to start making money. I recommend it for beginners, but not if you have already red quite a few books on the matter.
This should be a required reading at every school. Filled with financial common sense tailored to the Australian system, this book is essentially a playbook on how to finance in Australia. Anyone could get the same knowledge if they just read off the rules and regulations regarding financial services carefully, however the jargons and pages of reading materials often put people off. This book summarised them nicely in an easy to read format. I can't recommend this enough - an excellent primer for setting yourself up for a sound future.
It's quite a dry read, even for a financial book. lt does, however, redeem itself by covering a great deal of ground starting with financial basics, working through wealth growth and ending on retirement and wills. The author is a respected authority in Australia whose advice can be trusted. That said, he takes a fairly conservative approach that may or may not suit you. Overall, a bit slow and wordy in places, but thorough.