Paul Clitheroe is one of Australia's leading media commentators on financial issues and is renowned for his ability to explain complex money issues in plain English. His books have sold more than 600,000 copies. He is a regular radio commentator and writes weekly newspaper columns.
From his book "Making Money", he has 10 top tips for looking after your cash:
1. Have a Plan (In Writing).This is basically a Financial Plan. This is one of the requirements of the course.
2. Budget and take control of your money.
The Expense Tracker Assignment will allow you to see how you are spending your money and from it an adequate budget can be made.
3. Save little, save often.
4. Avoid punting and silly risks.
5. Don't plan to save cash.
6. Plan to own your own home debt-free.
7. Super is good - use it.
8. Minimise tax.
9. Protect your assets.
This means insurance.
10. Take advice if you need it.
That is the purpose of the course, to learn more about managing money.
These are the fundamentals of creating and protecting your wealth. Through the blog, and the course we shall learn how to make the most of these 10 tips!
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