Introduction to Financial Literacy

In the month of June, i took this free online subject offered by Paul Clitheroe and Peter Mordaunt from Macquarie University, Australia through the Open2Study platform to get a head start of what financial literacy is all about. I had heard of it before. I had read books that discussed about it. Yet unfortunately, it was all forgotten.

As defined in wikipedia:

Financial literacy is the ability to understand how money works in the world: how someone manages to earn or make it, how that person manages it, how he/she invests it (turn it into more) and how that person donates it to help others. More specifically, it refers to the set of skills and knowledge that allows an individual to make informed and effective decisions with all of their financial resources.

In the next few days, i’ll be posting series of lecture notes i took from the course to make this valuable lessons accessible to me wherever, and whenever; and hopefully i can share these knowledge to anyone, then eventually together we learn to develop the skills of managing finances. This course has introduced me to a new way of looking at my finances.

This is a learning space, and i appreciate to hear from you.