• Exploring cultural perceptions of money and wealth


    10 - 11 October 2016 - Auckland, New Zealand

Exploring cultural perceptions of money and wealth

Westpac Massey Fin-Ed Centre is pleased to present the conference proceedings in video recording format.
We are thankful to all our presenters for their agreement to record their presentations.
This has provided us with an opportunity to share their presentations with a wider audience and especially with those who were not able to make it.

Please do send us your feedback/questions/comments on Fin-Ed@massey.ac.nz.

Day One | Monday 10 October

Te Aroha Morehu

Mihi - Ngāti Whātua Ōrākei and blessing of the research report

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Carmen Daniels, Eddie Buli and Jon O'Mally

News from Australia - Yarnin' financial literacy for Aboriginal and Torres Straight Islander people.

Carmen Daniels Carmen Daniels, Cree First Nations from Canada, is a researcher and co-founder of the Indigenous Consumer Assistance Network (ICAN) located in Cairns, Queensland.

Carmen has twenty years’ experience of working with Indigenous peoples in Australia and Canada in consumer affairs and youth policy development. She holds a BA in Community Development and a Grad Cert in Social Impact. Carmen is currently undertaking a Master of Arts to carry out research on ICAN’s “Indigenous Financial Counselling Mentorship Program” and is Yarnin’ Money’s program evaluator.

Eddie Buli Mr Eddie Buli is an Aboriginal and Torres Strait Islander man from a cane farm outside Gordonvale, Far North Queensland (Australia).

He is the Business Development Officer with the Indigenous Consumer Assistance Network (ICAN) and co-developer of the Yarnin’ Money financial literacy program.

Mr Buli holds a Bachelor of Applied Health Science (Indigenous Primary Health Care), a Diploma of Community Services (Financial Counselling), and has over 20 years’ experience working in non-government organisations and government departments involved with Indigenous communities in Far North Queensland, Cape York Peninsula and the Torres Strait Islands. Eddie brings to ICAN his extensive knowledge and experience, drawing upon relationships and partnerships that promote respect and understanding of regional issues for Aboriginal and Torres Strait Islander people

Jon O''Mally Mr Jon O’Mally has worked as a financial counsellor in regional Australia for more than 20 years and, in that time has assisted 2,850 people with their financial difficulties.

Since 1998, he has helped develop a number of financial literacy programs for Indigenous communities across Western New South Wales and Far North Queensland, including ‘Manage Your Income, Manage Your Life’ and ‘Yarnin’ Money’.

Jon has been with the Indigenous Consumer Assistance Network (ICAN) since 2009 and is currently the Sector Development Manager and President of the Financial Counsellors’ Association of Queensland.
Jon holds a Bachelor of Business (Economics) from Sydney University and a Diploma in Social Science from the University of Western Sydney.

  view presentation | »» Yarnin' Money Heads to New Zealand (news article)

Professor Ted Zorn | Pro-Vice Chancellor Massey Business School

Welcome and Opening Remarks

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Girraj Prasad Garg

Exploring Cultural Perception of Money and Wealth

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Dr Jason Mika

The indigenous entrepreneurs’ dilemma: Balancing commercial and cultural imperatives in business using indigenous values

Jason Mika Dr Jason Paul Mika is a descendant of the Ngāi Tūhoe, Whakatōhea, Ngāti Awa and Ngāti Kahungunu tribes of Aotearoa New Zealand.

Dr Mika is a senior lecturer and codirector of Te Au Rangahau, the Māori Business & Leadership Research. Dr Mika's research interests include indigenous entrepreneurship, management and methodologies.

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Upusili Tevita Malolo

Matching the cultural obligations with the financial aspirations: the Tamaki experience

Upusili is a Programme Manager with Tamaki Regeneration responsible for the Affordable Housing Demand programme. For over a year, Upusili has been working very closely with local Tamaki families and local organisations to understand the barriers to home ownership. Upusili has been involved in the community development and social justice areas for a number of years, and prior to that, was a practicing lawyer in Samoa and New Zealand.

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Day Two | Tuesday 11 October

Nick Watkins

Identifying the key Enablers and Inhibitors of Financially Capable Behaviour by Consumer Type

Nick Watkins Nick is Head of Insight and Evaluation at the Money Advice Service in the UK. Nick joined the Money Advice Service in 2014 after more than twenty years at the market research agency GfK, previously NOP, where he was Managing Director of the UK Financial Services business.

Nick has spent almost his entire career researching consumers’ financial behaviour – using everything from ethnography to large-scale tracking and passive measurement. Nick now heads up the Insight and Evaluation team at the Money Advice Service, managing its innovative programme of research and driving its evaluation practice. Nick holds a First Class BA and MPhil in Industrial Economics from Nottingham University and is a Fellow of the UK’s Market Research Society.

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Alexander Stevens

Making sense of cents: Building financial capability of Māori through collaborative campaign

Alexander Stevens Alexander Stevens (Ngapuhi, Ngati Kahu) is the Manukura Manager for the Commission for Financial Capability and a PhD Candidate. He has worked as a clinical health professional in mental health and the addictions’ sector working with Maori and Pacific communities for over ten years. His specialties include financial capability, smoking cessation, mental illness, suicide prevention, sexual violence recovery and gambling. Alexander is also an adult educator and Kaupapa Maori researcher active in Māori community development. He is recognized for his service to the community with a New Zealander of the Year Award Local Hero Category (2011) and a Ministry of Social Development Youth Week Award (2016).

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Teresa Tepania-Ashton

Indigenous Approaches to strengthening wahine and whanau financial capability

Teresa Tepania-Ashton Maori Women’s Welfare League was established in 1951 to promote activities that would improve the position of Māori, particularly women and children. In 1987 the League established the Māori Women’s Development Fund, which in 1997 became the Māori Women’s Development Inc (MWDI) to assist Māori women into business.

Teresa Tepania-Ashton is the Chief Executive of Maori Women’s Development Incorporated an indigenous microfinance service supporting wahine Maori and their whanau to reach their own economic potential in business through providing low interest loans, tailored business and financial capability programmes as well as Coaching and wrap around support.

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Faruk Balli

The perception of money in Muslim Society. The issues/conflicts for Muslims living in a western world

Faruk Balli Dr Balli received his PhD from University of Houston in 2007. Prior to joining Massey University, he worked as a research Economist in Central Bank of Qatar, in Dubai University as Assistant Professor and in University of Houston as a Teaching Fellow. In 2015, Faruk is promoted to Associate Professor at Massey University His research interests lay on the edge of international macroeconomics and international and Islamic finance. His research areas mainly cover but not limited to macroeconomic aspects of international finance, international portfolio allocation. He has more than 50 publications in high ranked international journals and has served on the editorial board of various field journals.

Dr Balli is a Director of Amanah Trust Management (NZ) Limited and Amanah Ethical Kiwisaver Limited. Amanah Ethical is the First Shari’a Complaint Kiwisaver fund, established for the New Zealand Muslim community Dr Balli also proudly serves on the director board of Pearl of Islands charity organization as well as the Little Pearls Educare Centre.

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David Do

Financial Capability in the tertiary sector

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Annemarie MacManus

What does the data tell us about the state of our young people's financial capability and their perception of money and wealth?

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Fololi Lologa-Iosua

A different worldviews of money and wealth

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Conference Workshops

Workshops during the conference were not recorded.

Sumita Paul

Behavioural Finance – Cultural impact on investor behaviour
Behavioral Finance and its main concepts; how does one’s own biases and culture impact on their behaviour as an investor.

Sumita Paul Experienced investment and trustee professional. With 18 years of experience in the finance industry and dealing with client on investment and estate planning, Sumita has quite interesting experiences with people from different walks of life.

Her observations on how people behaved and made or sometimes did not make decisions in estate planning and interest in the reason behind the volatility of the investment markets lead her to explore Behavioural economics. Sumita is a practitioner and is currently working as a Client Manager/Financial Planner at Perpetual Guardian. She is an AFA & a CFP.

Carmen Daniels, Eddie Buli   Jon O’Mally

Building financial capability [for Indigenous peoples] through narrative approaches (“Yarnin”)

Participants will gain an insight through a narrative approach framework to understand and examine the underlying issues that affect an individual, which can impact on their decisions relating to money. Through the activities, the workshop aims to generate a self-living learning experience around money, wealth and financial capability.

Carmen Daniels Eddie Buli Jon O''Mally

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