Win at Your Goals with Victoria Mutual

1. Win at Your Goals with Victoria Mutual

2. The story of Victoria Mutual is the story of the people we serve. Our Members will always be at the centre of everything we do. We are a Mutual organization which means we are owned by Members and operated for the benefit of Members. We began with a simple but noble mission: Provide opportunities for every Jamaican to own a home and achieve Financial Independence. 140 years ago, that meant providing savings and mortgage options

3. TOMORROW TODAY • Today, we have evolved: • Savings • Loans • Investments • Real Estate services • Money Transfer Services • Pension Management Services • Consumer loans • Auto, Credit Cards, Unsecured Loans, Revolving Lines of Credit • VM Investments as the vehicle for greater strides • Investment in SMEs • Expansion in business lines

4. OUR PURPOSE Helping to build Financial Independence for every Jamaican at home or in the Diaspora. THE FORMULA: Relevant Products & Superior Service delivered through a strong integrated financial group.

5. Financial Independence Generic Definition: Having enough income to pay your living expenses for the rest of your life without needing to work full time. • WHAT’S YOUR DEFINITION? • Accumulate enough savings/ investments to live job free • Live mortgage or rent free • Retire in style • Travel the world at your leisure • Whatever it is – there is a formula to get there, you simply need the right tool kit

6. Your Financial Independence … Our Goal

7. LET’S GET YOU THERE IN TEN STEPS

8. Step 1: Reality Check Prepare a detailed list of your monthly income and expenses. • Include the obvious things - the utilities, the rent/ mortgage, fuel, toll, fares. Etc. • Now, think a little bit more about where the rest of your money goes. Look at your spending pattern over the last three months Confessions: Be honest with yourselves • Ladies: Did you add a new lipstick to the collection, those cute earrings, those shoes you couldn’t resist? • Men: Did you buy another gadget for the car? Were you out having a drink with the guys every weekend this month? Ask yourself a couple important things. • Were they all necessary expenses? • Could any of this money have been put toward a more important goal?

9. Reality Check Face Hard Truths: • Does your current spending pattern align with your idea of Financial Independence? • Given your current spending pattern, will you be able to cover a serious emergency? Don’t worry! You can keep track of your money and still have a life. Just slice up your salary to make sure you’re spending in the right areas.

10. Step 2: Making Winning Credit Decisions Assessment of your income and expenditure help determine the right spending decisions, but another big aspects of financial independence is making smart credit decisions. • Are you maintaining multiple credit facilities ? • Is your credit card supplementing your income? • Is repaying your credit eating away at the funds you should be saving? It may be time to kick some bad habits and get control of your debt. It’s difficult to pay cash for things like your university education, car or house; Our Advice - keep your credit for the big wins.

11. Step 3: Set the Stage for Winning Most people who have built wealth didn’t do so overnight. They became wealthy by setting goals and pushing themselves to reach them. They were willing to sacrifice some things today to ensure a better life tomorrow. Re-align your budget and making the adjustments necessary to match your priorities. Prioritize, Eliminate or reduce expenses and establish an amount for monthly savings. Whatever your concept of financial independence, your spending and saving pattern must align with your goals.

12. Step 4: Document Your Goals The next step is to figure out your goals - It is important to document your goals, along with the timeline and cost to achieve them. Make sure they are realistic and that you identify which ones are short, medium and long-term. You may not be able to work towards all your goals in one shot, so it is important to prioritise and focus on the most important ones first. Whichever ones you decide to focus on, the key is to start saving.

13. Step 5: You’ve Got Options, Use Them • An added bonus of starting early is “compounded Interest” – interest on your interest • Look at the length of time you have to reach your goal and see what options work best for you. You may need .to make some big moves if you need to achieve them in a short while. • You may have a lump sum that you want to put away for a specific…a VM iGain term deposit may be right for you.

14. Step 5: You’ve Got Options, Use Them Explore and select savings options that support your goal and if needed – protect you from yourself. The option used to save for a phone can be different from the one used to save for college, or to buy a house. For example, Saving for a house is a ‘long-term’ goal and accounts designed with a consistent deposit commitment such as the iSave for Home account allows you to have a structured saving plan to accumulate your deposit without the temptation of constant withdrawals. Think about your stage in life and what options best suit your needs – the earlier you start, the greater the likelihood of accomplishing your goal and the more options you have to choose from.

15. Features and Benefits • Multiple Options to suite match your goal • Monthly deposit plans as low as $1000 • Save in J$, UK£, US$ and CDN$ • Special mortgage benefits* Perfect for • Goal Oriented Savers who wish to develop a consistent savings pattern • Persons with specific goals to achieve in a set timeframe • Persons with a set amount of money to save each month • Savers without the discipline to save outside of a fixed plan • Save fixed amounts in J$, UK £, US $ or CDN $ • Choice of maturity period (30, 90, 180 or 365 days). • Low Minimum deposit (J$10,000, US$1,000, CDN$1,000 and £1,000) Ideal for • Individuals wishing to deposit lump sums (bonuses, gratuity, retroactive payments etc.) for the short to medium term • Time sensitive savers • Persons seeking attractive interest rates • Savers wishing to earn interest on interim savings intended for particular goals

16. PLANWITH THE END IN MIND

17. Step 6: Pay Yourself First • Treat your savings like paying a bill. ‘Just not optional’ • Set up a direct debit to automatically transfer a set amount from your pay cheque to your savings account monthly • You’ll be amazed to see how much easier and better you save. Don’t believe us? Check your account a few months from now.

18. Step 7: Diversify • Diversification helps to minimise your level of risk while typically yielding greater returns • Be sure to set the foundation with savings account that have little or no risk attached • If you have the appetite, mix in some investment solutions which could include some level of risk. iSave | iGain | Unit Trust | Stocks Don’t worry. We have the experts who can guide you. That’s just one of the benefits of being a Member of the Victoria Mutual Group.

19. Features and Benefits STOCKS • Better earning potential with estimated yields of up to 7% per annum on USD and 8% on JMD • Experienced and professional fund management • Stress-free withdrawal with no holding period and no penalty fees • Tailored to maximize returns with a sales charge of 0% and the lowest offered management fee of 1% per annum Investing in the stock market is a good option if you are looking to achieve medium-to-long-term goals and want to diversify your portfolio. • Minimum starting investment as low as xxx • Invest in your choice of stocks from companies listed on the Jamaica Stock Exchange • Stocks availableto suit any budget • Professional investment advice from one of our VM Wealth Advisors who will assess your risk profile and help refine your investment goals.

20. BE STUBBORN ABOUT YOUR GOAL

21. Step 8: Execute Open the accounts that match with your goals. Getting Started: • ID • TRN • Deposit • References • Proof of address

22. Step 9: Keep Tabs on Yourself • Set a schedule to do a check up on your plan and make sure you are on track. • Place reminders in your phone to keep you on schedule • If you have veered off track don’t worry – the important thing is that you make adjustments quickly and get back in the game.

23. Step 10: Benefit From Experience • Choose an expert financial advisor and include him/ her in your check-up sessions. A qualified advisor will help keep you up to date on your options and help you make any adjustments you may need to stay on track. • Be smart in your choices - good decisions will make you money, bad ones will cost you. • Beware of investments that seem too good to be true, as they probably are - investing is not “get-rich-quick”

24. NO BOUNDARIES You can achieve what you want at any age

25. WE’VE GOT YOUR BACK 876.754. 8627 | askvmbs@vmbs.com