1. Protection and Risk Justin Gilly RVA Financial

2. Debt Management How and When You Should Borrow Credit Consumer Loans – Student Loans – Automobile Loans – Home Equity Loans Home Mortgages

3. Pros and Cons of using credit Disadvantages Outside your means Impulse buying. Future income INTEREST!!!!!!!!!!!! Rates chance “Instant gratification.” Too much = poor credit rating. Advantages Bargains Use while paying Emergency funds Long-range purchases Credit rating Paper trail Less cash needed

4. Wise credit practices 10 percent Outlast the credit payment period Down payment Increase in value More than minimum Shop for credit

5. Credit warning signals Putting off payments past-due only the minimum 1 to pay 2 Ignoring interest cash advances Credit limits running out of money Failing to save

6. Consumer Loans FICO and You Secured vs Unsecured Credit Cards Student Loans Automobile Loans

7. Home Mortgages 80/20 mortgage Adjustable rate mortgage (ARM) Rural Housing Service Federal Housing Administration (FHA) insured

8. Insurance RISK Types – Auto Insurance – Life Insurance – Property Insurance – Health Care Insurance – Disability Insurance

9. Auto Insurance Rate Factors – Driver Age and Gender Driving record Marital status – Vehicle Age and Use Location Cost of repairs to vehicle Safety devices in vehicle Policy Cost Elements – Coverage Collision/Comp/UM Medical Liability – Deductibles

10. Life Insurance Risk of Death Policy Type – Whole Life – Term – Universal Life Coverage

11. Property Insurance Considerations Risk factor where insured lives Value of property Amount of coverage and deductible Type of coverage selected

12. Health Insurance Risks involved in insuring a particular person – Age of insured – Occupation of insured – Physical condition of insured – Sex of insured – Medical history of insured Amount of coverage and deductible Medical-care cost in local area Type of health insurance selected Type of policy selected — group or individual

13. Disability Insurance Do You Need It? Rates and Occupation Where Do You Get It? How Much Do You Need?

14. Questions?