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Paul Clitheroe

👤 Speaker
306 total appearances

Appearances Over Time

Podcast Appearances

The Money Puzzle
‘Swim between the flags’ : The simple formula for managing money

And hopefully you can make teaching more enjoyable.

The Money Puzzle
‘Swim between the flags’ : The simple formula for managing money

In maths, financial literacy is a no-brainer.

The Money Puzzle
‘Swim between the flags’ : The simple formula for managing money

The ability to say to kids, mum and dad whack an extra $10 a week into their mortgage.

The Money Puzzle
‘Swim between the flags’ : The simple formula for managing money

How much better off are they over 20 years?

The Money Puzzle
‘Swim between the flags’ : The simple formula for managing money

Goodness, James, you've got a pure mathematical principle.

The Money Puzzle
‘Swim between the flags’ : The simple formula for managing money

You've got compound interest.

The Money Puzzle
‘Swim between the flags’ : The simple formula for managing money

And you've also got kids going home saying to mum and dad, hey, mum and dad, you'd be 20 grand better off if you put 20 bucks a week into your mortgage.

The Money Puzzle
‘Swim between the flags’ : The simple formula for managing money

So there's some absolute no-brainers here, James.

The Money Puzzle
‘Swim between the flags’ : The simple formula for managing money

We just need political and community will to make it happen without stressing school teachers further.

The Money Puzzle
‘Swim between the flags’ : The simple formula for managing money

Look, absolutely.

The Money Puzzle
‘Swim between the flags’ : The simple formula for managing money

Where we need to be careful and look to the Commonwealth Bank's credit, for example, and I'm not picking on the Commonwealth Bank here, I'm giving them praise.

The Money Puzzle
‘Swim between the flags’ : The simple formula for managing money

They work very hard to put together through their foundation, the schools program.

The Money Puzzle
‘Swim between the flags’ : The simple formula for managing money

But there's always going to be a bit of a branding problem.

The Money Puzzle
‘Swim between the flags’ : The simple formula for managing money

So the blunt answer is, and I think now...

The Money Puzzle
‘Swim between the flags’ : The simple formula for managing money

They put so much work into that program.

The Money Puzzle
‘Swim between the flags’ : The simple formula for managing money

And as they withdrew from the schools because of the whole issue around communities.

The Money Puzzle
‘Swim between the flags’ : The simple formula for managing money

And I get this.

The Money Puzzle
‘Swim between the flags’ : The simple formula for managing money

Should the kids be learning at school from the Commonwealth Bank?

The Money Puzzle
‘Swim between the flags’ : The simple formula for managing money

Or a natural fact, is it a branding and marketing exercise?

The Money Puzzle
‘Swim between the flags’ : The simple formula for managing money

Yeah.