The Wealth Academy assists parents, teachers and professionals in the financial services industry, to help their children, students and young clients to improve their financial knowledge and skills. 
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Newsletter: August 2016 Issue

The Wealth Academy

We support those who value financial education

“Money, like emotions, is something you must control to keep your life on the right track.”
Natasha Munson

Learning priority

Attitudes toward money management

Too often we focus on the content of financial learning and forget about those aspects that are possibly more important. One of those aspects is attitudinal learning. A young person's attitude about saving and spending will be critical to their future life. Discussing how attitudes towards the use of money can positively and negatively influence an individuals life outcomes should be a mandated element of any financial education program within a school.
Educators looking for video and lesson material focusing on attitudes to financial learning can find resources here.

School Partner Profile

Mary Kelly (Planner), Jason Jefferies (Tax Agent)

Lourdes Hill College

Lourdes Hill College is one of Queensland's leading girl's schools. It is a school that values its community partnerships. The College Strategic Plan emphasises the need to "establish new partnerships to support teaching and learning". 
Lourdes Hill College currently has two partners associated with The Wealth Academy's resources. Mary Kelly is a financial planner and 'old girl' from the school. She is very excited about helping students at her old school.  Jason Jeffries is a representative from H&R Block, a company that partners with many schools. Although their partnership is still quite new they are looking forward to being long-term active partners in the financial education of girls at the school.
[Image: Shane Weir (Head of Business and Technology), Mary Kelly (MaKe Financial Decisions), Jason Jefferies (H&R Block)]

Developing entrepreneurs in high school

Entrepreneurship is a real buzz word in the Australian education sector, and so it should be. The Huffington Post recently featured on a new initiative ofr Year 9 and 10 students.
Jo Burston, serial entrepreneur and founder of small business platform Inspiring Rare Birds, has created an education venture with Sydney Business School, professor Dr Richard Seymour called Phronesis Academy.
Its first initiative is an entrepreneurship program called for years 9 and 10 students which teaches young people how to think like an entrepreneur, giving them marketing, business and pitching skills resulting in a fully formed business plan."
Read the article: Why high school is the best place to nurture our entrepreneurs.

Videos: Youth debt

Are you looking for a video to share with students about the topic of youth debt. While students should not be in debt while still in school, this video will stimulate a conversation about this important financial topic. 
Carrying debt costs you money. The more debt you have, the more you spend each month trying to pay it off. A lot of people think they'll spend half their life time chipping away at their debt, but with the right plan you can break off bigger pieces sooner.
View the video here.

Peruse the sample video

This is also available by clicking on this image when on The Wealth Academy home page (bottom right corner).
Does your school need stimulating material for the student well-being or pastoral care program. We have dozens of video and video slideshows that schools are using. Peruse the video overview section on our site to see our existing range. More resources are placed on the site each month.

Can you help?

Research: Beyond the dollar of financial planning 

Griffith University with the support from the Financial Planning Association is undertaking research into what attributes contribute to a good working relationship between financial planners and their clients, and whether there is a connection with successful planning. Due to the importance of financial knowledge and independence it is important to identify what attributes to lead to improve relationships between clients and their financial advisors.  The results of the study will be used to formulate an understanding of the client professional relationship in the financial planning setting, which may influence academia, industry bodies, financial planners, and legislators.
Griffith University is looking for both clients and financial planners to undertake a short 15 minute online survey which is anonymous. Your participation in this research is critical in providing your opinion on your relationship with your clients, and you may gain some interesting insights into the complexities of the client-professional relationship by completing this survey. To undertake this confidential survey go to
By participating you also go into a draw to win one of five $100 Myer gift cards (if successful you can have the option of giving $100 to the charity of your choice instead).Full information about the survey and your potential participation is found at
Dr Brett Freudenberg | Associate Professor | Griffith Business School 

Finals Time: More gambling adverts on their way!

September is a wonderful time of the year if you are a sport fan. Unfortunately, it is a wonderful time of the year for those companies that are enticing young Australians to gamble.
Parents and teachers should share the responsibility of talking with their children and students about the impact gambling can have on individuals, families and the broader society. 
For educators looking for facts and figures about issues related to gambling the Problem Gambling website will be useful.

Partnerships - Financial education

National School Improvement Tool

An outstanding school is described as such: The school leadership team makes deliberate and strategic use of partnerships with families, local businesses and community organisations to access intellectual, physical and/or other resources not available within the school for the purposes of improving student outcomes. There is a range of currently operating partnerships, each carefully planned and designed to enhance student outcomes (for example, to broaden student knowledge, build new skills, develop more positive attitudes, increase engagement levels, create applied learning opportunities for students, or facilitate successful transitions to work or further education or training). [Reference: National School Improvement Tool, p.19]

When planning your financial education partnership it is important to sit together to talk through and listen to each others ideas. Ultimately a partnership is based on financial life skills learning which helps students to be better prepared for their future. A good partnership should:
  • be based on regular meetings
  • consider the needs of partners, teachers, students and their parents
  • be reviewed and improved.

Teenfinca® e-posters

These two posters relate to articles in the recent issue of Teenfinca® . Subscribed schools can download these posters and more from the website, along with their matching lessons plans.

Developing countries: Financial life skills

Does your school have a relationship with a school in a developing country in the Asia-Pacific region? If so, The Wealth Academy may be able to provide our financial life skills resource pack free to that school, for as long as you are subscribed.
We recognise that many schools take students to less-developed regions of the world, providing assistance where they can. We know that many educators in these countries would like to teach their students financial life skills. Our resources can help those educators to help their students.
If you would like to know more, please contact us.

School-community partners

Does your school need a community financial education partner? We can help.
There are hundreds of community-oriented people, many of them parents or ex-students who want to help with the financial education of Australian youth.
Find out more about sponsorship and partnership on the home page.

Year 12 Students: Financial life skill exit program

Within a few months your final year students will be exiting high school, entering the world of work or further study.
Now is the time to start preparing an exit financial life skills program for those students. Teachers may choose to use the suggested 10 week program available on the website here.

Program 1: Full Day In-School Program

Each of the activities is 30 minutes in duration and based on resources including lesson plans available on the website. The activities could be delivered in a linear way or by rotation depending on student numbers, teacher availability and group sizes. 
  • Activity A: Aquestion of trust
  • Activity B: The cost of a new or used car
  • Activity C: Debt - No place to be (Youth debt)
  • Activity D: Learning financial life skills and attitudes
  • Activity E: Your financial future
  • Activity F: Teenagers and contracts
  • Activity G: Develop your networks
  • Activity H: Money - Worries and Hopes
  • Activity I: Online shopping
Schools that have financial life skill business partners should be encouraged to be part of this exit program.  
It is important to remember that every student who leaves high school will have a financial life. They will be making financial decisions every day for their entire life. School educators, with their community partners, have a real opportunity to make a positive difference to the lives of those students.

Thank you

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