MODULE 2: Income - where does it come from?

Module 2 aims to empower students to reflect on and plan to control their ability to meet their future income needs.

Last Updated: 31/5/2016

Students should be able to:

  • appreciate, identify and be aware of the impact of changes in income and net worth

  • recognise their own income potential

  • identify and evaluate alternative forms of income

  • calculate and analyse an individual’s net worth

  • recognise, prepare for and respond to income shocks

  • recognise the social value of working for an income

 

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  • Earning an income is one’s individual responsibility.

  • Income from work brings personal satisfaction.

  • Employment opportunities and income sources change over a lifetime.

  • All forms of government transfer payments are variable in amount and can alter with changing circumstances.

  • Government social and welfare payments have opportunity costs.

Asset
Balance sheet
Capital
Capital gain
Commission
Continuum
Employee
Employer
Gender
Goal
HECS-HELP
Income
Intangible asset
Liability
Mortgage
Net worth
Newstart allowance
Opportunity cost
Overtime
Passive income
Post graduate
Priority
Redundancy
Retainer
Salary
Superannuation
Transfer payment
Wage

Download Module 2

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Please sir, may I have some more?

Yes! You can download ALL 12 Operation Financial Literacy Modules in one huge combined PDF from the main page.