Subject

Financial Literacy (FinLitrc)

by Peter Mordaunt and Paul Clitheroe
Overall course rating 86%
1. The course was interesting.
3.5
2. The course was sufficiently challenging.
3
3. The course enabled me to achieve my learning objectives.
3.5
4. I had a clear idea of what I was expected to do in this course.
3.5

Develop your knowledge of personal finance, such as how to control, invest and protect your finances.

Course starts on:

28/04/2014

Course ends on:

27/05/2014

9,203 students have taken this course

25,372 videos have been watched

1,412 classroom posts

Enrol now ...It's free!

What's it about?

You will be shown how to set your goals and how to achieve those goals using an established, working savings plan.

You will be shown how to set your goals and how to achieve those goals using an established, working savings plan.

You will then learn the basic skills to get you started on building your wealth and then you will be shown the common mistakes people make with managing their money.

What's involved?

Module 1Finding Your Direction With Money
11 videos, 10 quizzes, 1 assessment28 Apr - 4 May
Module 2Preparing for the Financial Trip
10 videos, 9 quizzes, 1 assessment5 May - 11 May
Module 3Following Your Money Plan
10 videos, 9 quizzes, 1 assessment12 May - 18 May
Module 4Avoiding the Money Pits
10 videos, 9 quizzes, 1 assessment19 May - 25 May

What will I learn?

  • The difference between lifestyle goals and financial goals
    • How the two are interconnected
  • How to construct a savings plan using your income and your expenses
    • How to use that savings plan to achieve your financial goals
  • The basics steps to starting to invest
  • The 10% rule
  • The difference between savings and investments
  • The basic risks involved with debt
  • How compound interest works
  • You will be introduced to three forms of investment or asset classes
  • How to identify and avoid financial scams
  • How to avoid some of the common mistakes people make with their finances

This course requires approximately 2 - 4 hours of study per week, but can vary depending on the student. This includes watching videos, and taking quizzes and assessments.

If you pass this course you'll receive a Certificate of Achievement. While this certificate isn't a formal qualification or credit, you can use it to demonstrate your interest in learning about this area to potential employers or educational institutions.

Where to from here?

If you love this course, why not take your studies further? Here are some accredited qualifications that could help you achieve your goals.

Where could this lead me?

If you're wondering what your future could look like in this area, here are some potential careers you could head towards.

  • Business journalist
  • Financial analyst
  • Statistician
  • Stockbroker
  • Financial planner
  • Investment analyst
  • Management consultant
  • Financial advisor
  • Fund manager
  • Risk manager
  • Treasury analyst

Who are the instructors?

  • Peter Mordaunt

    Peter is a Finance Lecturer at Macquarie University. With over thirty-five years in senior management roles in the international investment industry it became apparent to him that there was a problem with financial literacy in Australia. This was best illustrated by the huge increase in credit card and personal debt within the community.

    Peter is a Finance Lecturer at Macquarie University. With over thirty-five years in senior management roles in the international investment industry it became apparent to him that there was a problem with financial literacy in Australia. This was best illustrated by the huge increase in credit card and personal debt within the community. About eight years ago he started putting into practise a desire to improve the situation. As a consultant, he now helps clients to better manage their money, overcome their debt burden and assist them to avoid the pitfalls that lead to their situations.

  • Paul Clitheroe

    Paul Clitheroe AM is Professor of Financial Literacy at Macquarie University. He is also a director of ipac securities. Founded in 1983 by Paul and four partners, ipac securities manages more than $13 billion dollars for clients. Paul is a leading media commentator on financial issues and is renowned for his ability to explain complex money issues in plain English.

    Paul Clitheroe AM is Professor of Financial Literacy at Macquarie University. He is also a director of ipac securities. Founded in 1983 by Paul and four partners, ipac securities manages more than $13 billion dollars for clients. Paul is a leading media commentator on financial issues and is renowned for his ability to explain complex money issues in plain English. His books have sold over 600,000 copies. Paul is also a regular radio commentator and writes weekly newspaper columns.

503 students are taking this course