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Friends With Money #20: Paul Clitheroe on celebrating 250 issues of Money

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The property market has boomed, interest rates have fallen, and more Aussies have started investing in shares since Money magazine first hit newsstands more than 20 years ago.

To mark the 250th issue of Money, out now, we sat down with someone who was there at the very beginning.

Founder and editorial advisor Paul Clitheroe says that the core mission of the magazine hasn't changed.

friends with money podcast paul clitheroe

"The fundamental premise is decent common-sense advice, avoid scams, and make better decisions... no promises of getting rich quick, but how you can use your money to make better returns and understand risk."

Managing editor Julia Newbould caught up with Paul on the latest episode of the Friends With Money podcast to get his thoughts on the success of Money, and how the average Aussie is more switched on when it comes to property, shares and super since those early days.

Thank you to our Money family, and here's to many more years of creating financial freedom.

Listen on Apple Podcasts: https://apple.co/3mV0Cbr

Listen on Spotify: https://spoti.fi/3fSPI2h

Subscribe on YouTube for closed captions and transcripts: https://bit.ly/42VQFMY

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Julia Newbould was editor-at-large and later managing editor of Money from November 2019 to February 2022. She was previously editor of Financial Planning and Super Review magazines; managing editor at InvestorInfo and at Morningstar Australia. Julia co-authored The Joy of Money, a book on women and personal finance. She holds a Bachelor of Economics from the University of Sydney where she serves on the alumni council.

Paul Clitheroe AM is Money's founder and editorial adviser. He is one of Australia's leading financial voices, responsible for bringing financial insight to Australians through personal finance books, the Money TV show, and this publication, which he established in 1999. Paul is the chair of Ecstra, an independent charitable foundation building financial wellbeing of Australians. He is chairman of InvestSMART Financial Services, and was chair of the Australian Government Financial Literacy Board and Financial Literacy Australia from 2004 to 2019. He is the chair of Financial Literacy at Macquarie University where he is also a Professor with the School of Business and Economics. Ask Paul your money question. Unfortunately Paul cannot respond to questions posted in the comments section. View our disclaimer.
Comments
M .
November 6, 2021 1.04pm

Hi Paul,

Congratulations on your longevity in the industry and your success at helping others succeed.

I have followed your advice since the Money show on TV and am a long time subscriber to the Money magazine.

I have just retired at the age of 61, and whilst I have always strived to become wealthy I don't consider myself rich. By following your advice, and also educating myself, my wife and I own our dream house outright, have Investment properties, a SMSF and only productive debt. We did not get rich quick, but thank you for our comfortable lifestyle by taking it slow and steady.

We have been able to help our children get into the property market and are keen to help educate them in their own financial journeys, based on your sound advice and the advice of others that we have discovered through the Money magazine.

We assembled a team of experts to assist us and can only wish we had done this much earlier, as it makes the journey so much easier and with less mistakes.

Thanks once again to you and your team and best wishes for many more years of helping others!