Financial Literacy (FinLitrc)

Monday, 9 February 2015Tuesday, 10 March 2015
Location Online
Peter Mordaunt & Paul Clitheroe
Provided by Macquarie University

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

Presenter: Peter Mordaunt and Paul Clitheroe

Peter is a Finance Lecturer at Macquarie University. With over 35 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. 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.

Delivery and support for this course

This free, online course is provided by Open2Study ( and its nominated course provider.

Support services for all Open2Study courses are provided exclusively via the O2S student forums. To avoid undue delays in response, all student enquiries should be directed to Open2study via this method only. State Library Victoria provides access to this course as a service to our online visitors and has no direct involvement in the delivery, management or support for this course.

What's involved?

Module 1: Finding Your Direction With Money (11 videos, 10 quizzes, 1 assessment) 
Module 2: Preparing for the Financial Trip (10 videos, 9 quizzes, 1 assessment)
Module 3: Following Your Money Plan (10 videos, 9 quizzes, 1 assessment) 
Module 4: Avoiding the Money Pits (10 videos, 9 quizzes, 1 assessment)

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. The total video time for this course is 3 Hours 44 minutes.

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.

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