Australians have been listening to, reading, or watching Paul discussing money for nearly 30 years. He can’t really figure out why, because he has been saying exactly the same stuff for the entire time.
Paul thinks that money is not as hard as many people, and the financial services industry makes out. He does not believe in money miracles, get rich quick schemes, tax dodging investments, or any investment with a Gold Coast post office box address. He thinks gambling is a terrific way to pay voluntary tax to the government, though he accepts that bookies (who are mathematicians, not gamblers) probably will get rich. He reckons that for the rest of us that getting rich can be done slowly, by following the basic rules of money.
Paul started as an investment researcher in 1980 and did his first money interviews in 1981. He did his BA at the University of NSW in the mid 1970’s. He is a Senior Fellow of FINSIA and is a CFP (R) (Certified Financial Planner).
He was host of channel 9’s 'Money' program from 1993 to 2002 and is co host of 'Money For Jam' which commenced on Channel 9 in September 2009. His “Talking Money” tips run daily on over 30 radio stations and he is Chairman of 'Money’ magazine. His books have sold over 750,000 copies, a rare achievement for an Australian non-fiction author.
In 1983 he founded ipac securities limited , along with four partners, in a one room serviced office and a capital contribution of $20,000. Today ipac manages over $16 billion. Paul was Vice President of the Financial Planning Association in 1992 and its President in 1993.
While he and his four partners sold the business in 2002, he remains a director. In March 2003 the Howard government appointed him as Chairman of the Consumer and Financial Literacy Taskforce. Its brief is to set a strategy to improve the financial skills of Australians. In 2008 the Rudd government appointed him as Chairman of the Australian Government Financial Literacy Board.
He is Chairman of RADD (Recording Artists, Actors and Athletes Against Drink Driving), a Council Member of Philanthropy Australia and a member of the Advisory Board for the Sydney University Medical Faculty.
In 2008 he was made a member (AM) of the Order of Australia for his services to the financial services industry, promotion of financial literacy and services to the community.