FINS5510

Personal Financial Planning

FINS5510
Personal Financial Planning
Part of a FASEA* Accredited Degree Program
contributing to industry qualifications required
to become a Financial Adviser in Australia.

Incredibly useful for your future ‘career options’

and anyone who is interested in managing their own
personal finances and investments.

* FASEA was the Financial Adviser Standards and Ethics Authority in Australia. Its functions were absorbed into
ASIC and Australian Government Treasury in December 2021 but we still use the term ‘FASEA Accredited Degree Program’.
What can you achieve?
1. Current situation and financial needs
2. Life and financial goals
3. Strategy for achieving goals
4. Career goals, strategy and plan
5. Property and debt
6. Risk management
7. Taxation planning
8. Investment strategies and products
Course Schedule
1. Financial Intelligence

2. Financial Strategy

3. Financial Independence

4. Career Strategy

5. Property and Loans

Course Schedule
1. Financial Intelligence 6. Ethics and Compliance

2. Financial Strategy 7. Risk Management

3. Financial Independence 8. Taxation Planning

4. Career Strategy 9. Investing in Shares

5. Property and Loans 10. Investment Strategy

FASEA is the Financial Adviser Standards and Ethics Authority in Australia

Learning Resources
Course Website
Course Announcements

Lecture Details

General Forums

Course Resources

Assessments

Learning Community

Adviser Engagement

Online Quizzes

Financial Plan
Lectures Forums Textbook

Flipped Classroom

Lectures on Youtube Asynchronous questions Optional reading

Drop-in session on Zoom (during lecture time)

Students in China can access Youtube using the UNSW VPN CSAN or Tor Browser (with Snowflake bridge)
Flipped Classroom
Part 1: Lecture (Youtube) Part 2: Drop-in sessions
Approximately 2 hours Approximately 50 minutes
Available 5:00pm Friday of previous week During scheduled lecture time

Theory and application Connect with other students

Uninterrupted content Review difficult concepts
Watch at your own speed Ask questions
Subtitles (closed captions) Attendance encouraged
.. but not assessed or recorded

Links available at the top of course website

Drop-in sessions
Time Location

Mondays 6:00PM Zoom

Wednesdays 2:00PM Zoom

Please wear masks
Thursdays 6:00PM Ainsworth G03 and maintain social distancing

See top of course website for details

You can attend any drop-in session
Attendance is encouraged … but not recorded or assessed
Can also ask questions at any time on General Forums
Rules for Drop-in sessions on Zoom
They start at scheduled lecture time
1. Please use your real name
2. Do NOT ask about quiz questions
3. Headphones ON to avoid feedback from speakers
4. Microphone OFF in main room unless asking a question
5. Webcam ON
6. Desk Lamp ON so we can see your face
7. Eating during tutorials on Zoom is okay
8. Zoom tutorials will NOT be recorded
Ask questions in General Forums … not by email

No need to post a ‘thanks’ message!

… except questions about the Quiz
Do NOT ask questions about specific quiz questions in
Drop-in sessions on Zoom or in the General Forums.
If you are seeking clarification about a quiz question …
1. Wait until the end of the quiz
2. Read the feedback provided
3. Review the lecture material
4. Wait 24 hours
5. Email me a screenshot of the quiz question and the issue
andrew.hingston@unsw.edu.au
Assessment
Assessment
Assessment Weight

Learning Community 10%

Adviser Engagement 10%

Online Quizzes 40%

Financial Plan 40%

See course website for detailed instructions documents

Assessment
Assessment Weight

Learning Community 10%

Adviser Engagement 10%

Online Quizzes 40%

Financial Plan 40%

See course website for detailed instructions documents

Assessment
Assessment Weight

Learning Community 10%

Adviser Engagement 10%

Online Quizzes 40%

Financial Plan 40%

See course website for detailed instructions documents

Assessment
Assessment Weight

Learning Community 10%

Adviser Engagement 10%

Online Quizzes 40%

Financial Plan 40%

See course website for detailed instructions documents

Assessment
Assessment Weight

Learning Community 10%

Adviser Engagement 10%

Online Quizzes 40%

Financial Plan 40%

See course website for detailed instructions documents

Tips
Make good use of Youtube
High quality video (up to 1080p HD)
Watch at a convenient time
Watch it on your TV with a friend or your family
Speed up or slow down (if watching later)
Use the ‘gear’ icon at the bottom right and adjust ‘playback speed’

Make use of automatic subtitles

Turn on ‘CC’ closed captions at the bottom right

Students in China can access Youtube using UNSW’s CSAN VPN

… or Tor Browser with Snowflake bridge
Use Cornell Note Taking during the Lecture
Invest time into the course
1. Watch lecture and make study notes 2 hours

2. Financial plan 3 hours +

3. Quiz 1 hour

4. Other revision or assignments 1 hour

Total 7 hours +
Download and Read Assessment Instructions
Put assessment due dates in your Calendar

… with reminders! … and sync it to your phone too!

I’m not trying to trick you with Quiz questions
Which of the following statements about BLAH are true?
1. Statement 1
2. Statement 2

A. Neither of the statements are true (both are false)

B. Only statement 1 is true
C. Only statement 2 is true
D. Both statements are true (neither are false)
Work on your Financial Plan each week
Instructions Template Lecture Video
Frequently Asked Questions
Can you give me some financial advice about …
NO!
The material covered in the lecture are general concepts only
I cannot give you personal financial advice about what you should do
There are strict rules for providing personal financial advice in Australia
I cannot and do NOT provide personal financial advice in this course
Why use Youtube for lecture content?
1. Youtube is much better quality than UNSW lecture streaming service
2. Youtube is much better quality than Zoom
3. Easy to re-watch at any time
4. Watch on TV
5. Adjust playback speed
6. Subtitles
7. Can be accessed in China via UNSW VPN CSAN
8. You can still ask questions during the Drop-in session on Zoom
9. You can still ask questions in the General Forums
Why can’t I just email you my questions?
1. Answers to private email responses could provide an advantage
2. Students put more effort into wording of questions on forums
3. Other students can benefit from the answer on a general forum
4. Inefficient use of time and much slower!
Why can’t I ask quiz questions in Drop-in sessions?
1. People receive different questions in the quiz
2. I need to have the exact question in front of me to answer it
3. Not a good use of time
4. In the past, some students have behaved badly
What questions should I email you about?
1. Quiz questions
… after waiting 24 hours and reviewing question feedback and lecture content

2. Students with Equitable Learning Plan

3. Special Consideration
4. Late Submission of Assessments

… or a nice email telling me that you are enjoying the course!

Why not record the drop-in sessions on Zoom?
1. I’ve tried it before … and it didn’t work!
Why attend live if they are recorded? … Then few attend and they are worthless!

2. Everything needed for assessment is covered in the lecture

3. They are optional (but encouraged!)
4. They are informal
5. People are more open if the session is not recorded
6. If recorded, students experience FOMO … fear of missing out!
7. UNSW does not normally record tutorials
Do I need to post on one article for each Unit?
… for the Learning Community Assessment
NO!
You need to post on just one article for one Unit of the course

1. Read the Learning Community Assessment Instructions document

2. Post on one article for one Unit of the course
3. Copy and paste the text of your post and screenshot into the template
4. Submit that document
5. Provide details of the article and post using link provided
Must I watch both Tristan and Jeremy videos?
… for the Adviser Engagement Assignment
NO!
You only need to watch Tristan OR Jeremy (not both)
Both videos are the same length (~54 minutes)
Super-keen students might want to watch both but it is not required

Alexander Pan videos are a bonus

… for those interested to work in the financial planning industry
… or are interested in compliance
Do I need to assume I’ll live in Australia?
… for the Financial Plan Assessment
You can assume you are living in any country in the world

However for assessment reasons you must use …

1. The Australian Superannuation System (Unit 3)
2. The Australian Taxation System (Unit 8)

You can ‘localise’ all other Units of the course

How can I plan for the rest of my life?
… when the future is so uncertain
In Unit 2 you will imagine the life you would like at age 60
In Unit 3 you will develop a draft strategy to achieve that goal at age 60
In Units 4 to 10 you develop the details of that strategy
… we will start at the end and work backwards

Life will work out differently to what you expect

… but it may not affect your financial plan much.
Your plan will need updating over time.
Good luck and enjoy the course!