1. Careers, Insurance, and Investing

2.  Forty-four percent of teenagers worked last summer.  Most of them worked full-time jobs.  Teens most often work in the food service and retail industries.  The average American will have between 5-10 jobs between the ages of 18 and 38.

3. INDIVIDUAL SKILLSTEAM SKILLS  Analytical  Computer  Detail-oriented  Integrity and honesty  Self-confidence  Organizational  Motivation and initiative  Communication  Flexibility  Interpersonal  Leadership  Teamwork

4.  High School Dropout, no degree $19,226  High School Diploma$28,950  Two-year college, associate’s$36,395  Four-year college, bachelor’s $51,568  Post-graduate degree (six plus yrs)$67,073

5.  Paid leave  Health Insurance  Retirement Plans  Life Insurance and Disability Insurance  Education assistance

6.  Education and training  Experience  Skills and talents  Work environment  Job availability  Earning potential  Benefits  Work hours  Costs  Risks

7.  1 in 7 Americans visits the emergency room each year.  Nearly 80% of crashes and 65% of near-crashes involve some form of driver inattention in the 3 seconds before the event.  Nearly 1 in 5 Americans will become disable for one year or more before the age of 65.  16 yr. old drivers have crash rates that are three times greater than those of 17 yr. olds and five times greater than those of 18 yr. old drivers.

8.  Avoid the risk  Reduce the risk  Accept the risk  Share the risk

9.  Age  Gender  Marital status  Type of car  How often you use vehicle  Location  Driving record  Claim record  Credit history

10.  General Liability (Required) 15/30/25 minimum limits ( in thousands)  Medical payments  Collision (deductible)  Comprehensive (deductible)  Uninsured/ underinsured motorist  Rental and towing

11.  Health insurance  Property insurance (homeowners)  Renters insurance  Life insurance  Disability insurance  Flood insurance  Liability (umbrella protection)

12.  A dollar today is worth less than a dollar in the future.  The higher the interest rate, the less time it takes to reach a savings goal.  The smaller the down payment someone makes on a car, the less interest the owner pays over the life of a car loan.

13.  You put $2000 a year from age 18 to 27 (10years) @ 7% rate of return.  At age 65 you would have $361,418  Your friend waited until he was 31 and invested $2000 a year until he was 65 (35 years) @ 7% rate of return.  At age 65 he would have $276,474

14.  A= P (1 + i) n  A = amount in the account  P = principal  i = interest rate as a decimal  n = number of years compounded

15.  Diana invests $500 today in an account earning 7%. How much will it be worth in 5 years?  A = 500 (1 +.07) 5  A = 500 (1.07) 5 ( in order to raise the 1.07 to the 5 use the ^ symbol on your calculator which gives you 1.402  A = 500 * 1.402  A= $701 (rounded)

16.  Diana invests $500 today in an account earning 7%. How much will it be worth in 10 years?  A = 500 ( 1 +.07) 10  A = 500 (1.967)  A = $ 984 (rounded)

17.  What interest rate would be necessary to double a $100 investment in 24 years?  72/24 = 3%  How many years would it take to double $100 if it earned interest at a rate of 8% per year?  72/8 = 9 years.

18.  The more riskier the investment than the most financial reward.  In order to reduce risk you should diversify your investments. ( do not put all of your money into one thing, spread it out to lower you chance of losing.)

19.  If you bought a stock at $5 and then sold it later at $10, you would have a capital gain of $5.  If you bought a stock at $7 and then sold it later at $5, you would have a capital loss of $2

20.  If you own a stock that pays dividends (companies profit), you would calculate your share like this.  Number of shares times the dividend. For example if you own 10 shares and it pays.25 a share you would get a check for $2.50