3 Tips from a Leading Financial Expert
In association with ANZ, BusinessLeaders is pleased to announce that Paul Clitheroe AM – financial analyst, author and presenter – is the special guest speaker for the final 2017 luncheon to be held at the Novotel Pacific Bay Resort on Tuesday 14 November.
Most people will recognise Paul from his many television appearances where he hosted Channel Nine’s Money from 1993 to 2002. Paul leads a busy life, is on the board of a number of different businesses and presents to audiences across Australia, New Zealand, America and Europe.
BusinessLeaders caught up with Paul and asked him about his busy life.
Q. What do you like most about being a financial analyst?
A. For me, it is about taking complex issues and making them accessible to all people. For example, superannuation is ridiculously complex. But as we do not need to understand how a modern, computer-driven car engine works, nor do we need to understand the minute detail of super. The real issue is to understand the big picture and how it applies to you. That is what I enjoy most. Taking a big picture look at property, shares, tax and explaining what we as individuals need to do. As we live longer and longer the ability to take control of your money becomes increasingly important.
Q. As a leading financial expert, what would be your number one financial tip for people?
A. I know this sounds far too simple. But the number one tip is to just spend less than you earn and use the surplus to pay down debt and build investments. My job is to help people to do just that.
Q. Is there one book, in particular, you would recommend that people read?
A. I am biased as I am chairman, but money magazine does a really good job assisting people to make the best use of their money and to invest wisely.
Q. What do you do to relax?
A. This is clearly not a financial tip, but apart from time with my family and friends, I do like to race my yacht “balance”. I love offshore racing and in 2015 my crew and I won the overall trophy in the Rolex Sydney to Hobart yacht race. And speaking more locally, we have also won the Pittwater to Coffs Harbour race.
If you would like to learn more from Paul, you can attend our BusinessLeaders lunch in Coffs Harbour.