Preparing Young People for Their Financial Future

Preparing young people for their financial future is an essential part of preparing them for life.

The Wealth Academy is an Australian education company focused on developing financial education and financial capability resources for teenagers and young adults. Our purpose is to help young people develop the knowledge, skills, confidence and thinking they will need to navigate an increasingly complex financial world.

Our Focus

Youth-oriented, real-life

The Wealth Academy was established around a simple educational challenge: Young people make increasingly important financial decisions as they move towards adulthood, yet many receive limited opportunities to develop the financial capabilities those decisions require. Financial education can help bridge that gap. Our work therefore focuses on helping learners understand financial concepts, explore choices, consider consequences, develop constructive habits and become increasingly capable of making informed financial decisions.

Our Approach

Aspirational, capability-building

The Wealth Academy takes an aspirational and capability-building approach to financial education. We do not assume that financial education is relevant only when someone experiences financial difficulty. Financial capability is relevant to every young person. It matters whether a learner intends to attend university, undertake vocational training, enter employment, start a business, pursue sport or the arts, travel, manage a household or follow another pathway. Our approach focuses on what young people can progressively learn, understand and do.

Our Educational Resources

Over many years, The Wealth Academy has developed an extensive body of financial education intellectual property.

Resources include online courses and lessons, Teenfinca® e-zines, Teenfinca® Entrepreneur e-zines, educational articles, lesson plans and activities, worksheets, e-posters and visual resources, facilitator materials, multimedia content and other financial education resources. This accumulated content provides the foundation for the continuing development of new digital learning experiences.

From Financial Literacy to Financial Capability

Financial knowledge is important, but knowledge alone is not enough.

The Wealth Academy uses financial capability and life skills as its broader educational concepts. Financial capability includes the ability to: understand financial information; apply knowledge to realistic situations; examine options and trade-offs; recognise risks and consequences; ask useful questions; make increasingly informed decisions; and develop behaviours and habits that can support longer-term financial wellbeing. Our educational resources are designed to develop these capabilities progressively rather than simply teach financial terminology.

Learning Connected to Real Life

Financial learning becomes more meaningful when young people can see how it connects with their lives.

The Wealth Academy therefore explores financial capability through contexts including everyday spending and saving, work and careers, entrepreneurship, sport, relationships and family life, technology and digital money, consumer decisions, further education, independence, investing, wellbeing and planning for the future. These contexts provide different entry points into financial learning and allow resources to be adapted for different learners and environments.
Financial education

Evolving With the Financial World

The financial environment facing today's young people is different from the one experienced by previous generations.

Digital payments, online commerce, new forms of credit, financial technology, social media, changing employment patterns, easier access to investing and artificial intelligence are continuing to reshape financial life.

The Wealth Academy's educational resources continue to evolve in response.

Our current development work combines established educational intellectual property with contemporary instructional design, multimedia and carefully considered applications of artificial intelligence.

The technology may change.

The educational objective remains the same: help young people become better prepared for their financial lives.

Built on Educational Experience

The Wealth Academy was founded by an experienced and highly accomplished educator whose professional background includes teaching, curriculum development, financial education and business.

The organisation has consequently approached financial capability first and foremost as an educational challenge. This educational foundation has influenced the development of the resource library, learning architecture and approach to course design. The emphasis is not on telling learners which financial decisions to make. It is on helping them develop the capability to understand choices and make increasingly informed decisions for themselves.

Research and Evidence

The Wealth Academy's educational development has been informed by research into financial literacy, financial capability, learning, youth development and related fields.

  • Youth Financial Education

    The organisation has undertaken and supported research relating to youth financial education in association with Queensland University of Technology and the University of Southern Queensland.

  • National and International Findings

    Historical research and earlier findings are retained as part of The Wealth Academy's educational development history, with original dates identified so that readers can distinguish earlier research from current evidence.

  • ABSA

    The Wealth Academy and Australian Boarding Schools' Association have collaborated on research relating to boarders living away from home and the connection with financial learning.

A History of Collaboration

The Wealth Academy has previously worked with and alongside a range of education, professional and industry organisations in support of youth financial education. These historical relationships have included organisations representing school leaders, boarding education, parents, financial services, accounting, insurance, investment and other areas. They have contributed perspectives, expertise, content, research support or opportunities to extend financial education to different audiences. Where historical organisations or logos are displayed on this website, their inclusion reflects previous collaboration or support and does not imply a current partnership or endorsement unless expressly stated.

ABSA
ANZIIF
FINSIA
ASA
HEA
CAANZ

Education for Different Environments

Financial education does not belong to one sector. Young people can develop financial capability through:

  • families

  • schools, universities and vocational education

  • workplaces

  • sporting and community organisations

  • financial and professional services

  • member organisations and

  • independent learning

  • The Wealth Academy's educational architecture has been developed with this flexibility in mind.