Wealth Creation | Investing in Yourself

Financial Literacy, Teaching and Learning About Money; Your Money Mindset (Psychology) and Values

BiG Tip: There’s so much useful information on money, financial literacy, the psychology of money and more, from both government and private organisations. You’ll also find bloggers, podcasts and lots on social media sharing tips, hacks and tricks. Be careful to check the credibility and expertise of the so called experts and gurus. Don’t just rely on lots of followers and apparently good reviews.

Financial Literacy, Teaching and Learning about Money

The National Financial Literacy Strategy is led by the Australian Securities and Investments Commission (ASIC).They say: “It provides a practical framework for action to guide and encourage all those with a role to play in improving financial literacy for Australians. Improving financial literacy is a long-term behavioural change initiative. It requires a multi-faceted approach and sustained action over time to bring about gradual improvement.”
It shares its extensive research on a broad range of topics including – Australians Understanding Money

[UNFORTUNATELY they’re retiring the site from 30.7.21 and refer you to MoneySmart for Adults, FDIC] Smart About Money (SAM) [USA] – They’ve got great free resources – money courses, a Life Values Quiz and more.
They say: “You try to be physically healthy. Watch what you eat. Exercise. But are you doing the right things to be financially healthy too? Consider the experts at Smart About Money your partners in financial fitness and long-term wealth health.
Smart About Money is one of the many programs of the [USA] National Endowment for Financial Education®. NEFE champions effective financial education. We are the independent, centralizing voice providing leadership, research and collaboration to advance financial well-being. As one of the first organizations to wholly dedicate its efforts on improving the effectiveness of financial education, we continue our legacy of strengthening action-oriented research agendas, mobilizing intermediaries, and creating better solutions for researchers, educators, practitioners and policymakers.
Nonprofit. Noncommercial. Unbiased.
SAM is trustworthy, dependable and knowledgeable — did we mention SAM stands for Smart About Money? It’s a free, unbiased resource where you can find in-depth personal finance courses, articles, calculators and tips to help you manage your money through life’s ups and downs.
Dedicated team. The SAM editorial staff is committed to delivering accurate and unbiased information to help you save, protect and grow your money.
Trusted content. NEFE does not receive funding from any bank or investment firm. You can trust our unbiased resources.”

5 Key Factors for Effective Financial Education, NEFE, The National Endowment for Financial Education , [USA]

Take a look too at all the fab resources in the Tribes section below eg  MoneySmart – the videos, articles, tips and hacks

Your Money Mindset (Psychology) and Values

What’s your money personality?, Marie Claire [a lighthearted quiz]

What’s your financial identity are you a Pathfinder, Trooper, Nomad or Tenderfoot?  Take this Financial Identity Quiz [SAM, USA *Unfortunately the site’s being retired from 30.7.21 so resources might not be available from then]
They say: “As we make the transition from our teenage years into adulthood, we begin to define who we are in relation to our friends, relatives and cultural influences. Your identity — an understanding of who you are — gives meaning to your daily life, provides a sense of personal control, and helps you successfully navigate the demands of living in today’s complicated society.
Financial identity is a person’s understanding and expression of who he or she is in relation to managing and practicing personal finance. The goal of this quiz is to help you understand the process through which you come to your financial identity, as well as how your identity shifts and changes over time.
Your financial identity (Pathfinder, Trooper, Nomad or Tenderfoot) is determined by your answers to 12 questions about your behaviors and beliefs when it comes to money.
Financial identity is not necessarily fixed — you may move from one identity to another at different stages in life. Knowing your financial identity may provide insights into what you need to become fully financially self-sufficient, an important goal in the transition to adulthood. Learning about your current financial identity gives you a great starting point for improving your financial skills and achieving your money goals.

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