Millionaire Habits

If you're a past, present, or future student of Personal Finance, please like our page. From the Bau

Operating as usual

01/20/2024

Investment Implication: High levels of consumer debt can lead to reduced spending and economic slowdown, affecting consumer-related stocks.

Watch Video! 👉 https://lttr.ai/ANSDz

01/19/2024

UH Personal Finance Week One How to Save Money with Chuck

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How to Save Money with Chuck

https://missionalmoney.com/assignment/how-to-save-money-with-chuck/

Welcome to Personal Finance at the Bauer College of Business at University of Houston! In this video, I'll cover a few basic housekeeping topics including:

- The Syllabus for this semester
- Important Links for this semester:
- UHPlayList.com
- UHZoom.com
- UHGrp.com
- How to Create Your Articles
- Class Collaboration
- Week One Assignment Overview

Assignment 1: Saving with Chuck

01/17/2024

UH Personal Finance Class Collaboration for Week One

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This Week’s Class Collaboration involves a three part Conversation and one Commitment:

Here's a link to the post for this video:
https://missionalmoney.com/assignment/class-collaboration-week-one/

Leave your comments in Money Study Group, in the Facebook Comments, or in the YouTube comments. And don’t forget to include a screenshot of your comments in this week’s article before you create your PDF file

Conversation Part One

How do you feel about Online Courses?

- Love them!
- Hate them!
- Not sure…

Conversation Part Two

How are you feeling about your financial future?

- The weight of managing money as a responsible adult?
- The challenge of saving for your financial future?
- The skills you will need to accomplish your financial life goals?

Conversation Part Three

- What do you want to learn in Personal Finance?
- What do you think will be most difficult for you in learning how to manage money?
- How are you feeling about "Money Management"?
- What is your definition of a “Financial Plan”?
- Imagine yourself 5 years from now…

What needs to happen in your life in order for you to feel good about your progress?

Class Collaboration Commitment

What App will You Use this semester to Track Your Spending?

Again, leave your comments in Money Study Group, in the Facebook Comments, or in the YouTube comments. And don’t forget to include a screenshot of wherever you posted your comments in this week’s article before you create your PDF file.

Submit Only One Document — Convert your Word Doc to PDF Please.

01/17/2024

January Market Outlook - Part Two How to Record with Background Music

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When I posted the January Market Outlook and How to Invest in 2024 video, I didn't realize that I had some audio setting out of whack. Sorry about that. Won't happen again.

Click the link below to check out my Weekly Market Update for January 17, 2024:

https://bayrockfinancial.com/how-to-invest/january-market-outlook/

2023 was a very eventful year in the U.S. financial markets. If you have questions about what’s to come in 2024, you can find my Weekly Market Updates throughout 2024 on my YouTube Channel, just look for the How to Invest in 2024 Playlist.

U.S. Equities

Strength, resilience, and logic-defying are words that come to mind for equities in 2023. March and October of 2023 had bears on the offensive, courtesy of regional bank concerns and high interest rates, respectively.

But fast forward to the end of the year, and the S&P 500 had a 2023 return of 24.23%, the Nasdaq 100 rose by an astounding 53.81%, and the Dow Jones Industrial Average rose by 13.70%.

Likely to be a headline theme heading into 2024, there is a lot of cash on the sidelines (i.e., uninvested cash). How much is a lot? Around a record $6 trillion, according to some measures compiled by Fundstrat. That figure is more than the sum of all non-housing debt (~$4.8 trillion) held by all Americans.

This cash could help to provide equity market support in 2024 if it is invested into stocks this year.

Other Asset Classes

- Bonds: There’s been some tough sledding in this area as investors have endured a three-year bear market with the benchmark 10-year Treasury yield trading in a wide range between 3.253% to approximately 5.0% throughout the year. Bond buyers were likely feeling better once interest rates moved lower toward the end of 2023.
- Gold: GLD (SPDR Gold Trust ETF) had a resilient and impressive year, rising 12.69% in 2023, even as interest rates rose for the majority of the year. Spot gold prices breached all-time highs in early December 2023 and pulled back to end the year. Precious metals could garner more attention this year, with interest rates expected to stay steady to lower.
- Megacap Crypto: Bitcoin, the largest cryptocurrency by market cap, had a stellar 2023, increasing by approximately 154%. At year's end, investors were eagerly awaiting a spot Bitcoin ETF, and bulls cheered its prospects with the path forward in the SEC’s hands. Bitcoin bulls were also cheering the prospects of the Bitcoin “halving”’ event, which is slated to occur in Q1-Q2 in 2024. Halving is when the mining reward is cut in half, therefore creating less additional supply.

Inflation

Commodity Prices: Broadly measuring commodity prices using the S&P Goldman Sachs Commodity Index, we see that the index fell in 2023, indicating lower wholesale prices across a broad range of commodities. Ideally, this trickles down to the consumer if those corporations do not mark things up too much.

Consumer Price Index (CPI): Government data shows that consumer inflation, as measured by the Consumer Price Index, peaked year-over-year in June of 2022 at 9.1% and declined steadily throughout 2023. However, it may not feel like it when you purchase goods and services. “Stuff” is still expensive, with service pricing and shelter pricing remaining stubborn. Core CPI (which excludes volatile food and energy) showed a rise of 4% year-over-year, according to the last release in 2023 of November data.

Core Personal Consumption Expenditures (PCE): The Fed’s most recent forecast shows its favorite inflation gauge, Core PCE, falling to 2.4% in 2024, 2.2% in 2025 — and ultimately reaching their target of 2% in 2026.

Other Links in our new series How to Invest in 2024:

https://bayrockfinancial.com/how-to-invest/how-to-invest-in-2024/

https://bayrockfinancial.com/ad/how-to-invest-with-your-new-advisor/

https://bayrockfinancial.com/ad/meet-george-the-investor/

01/17/2024

January Market Outlook - How to Invest in 2024

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January Market Outlook and How to Invest in 2024

Click the link below to check out my Weekly Market Update for January 17, 2024:

https://bayrockfinancial.com/how-to-invest/january-market-outlook/

2023 was a very eventful year in the U.S. financial markets. If you have questions about what’s to come in 2024, you can find my Weekly Market Updates throughout 2024 on my YouTube Channel, just look for the How to Invest in 2024 Playlist.

U.S. Equities

Strength, resilience, and logic-defying are words that come to mind for equities in 2023. March and October of 2023 had bears on the offensive, courtesy of regional bank concerns and high interest rates, respectively.

But fast forward to the end of the year, and the S&P 500 had a 2023 return of 24.23%, the Nasdaq 100 rose by an astounding 53.81%, and the Dow Jones Industrial Average rose by 13.70%.

Likely to be a headline theme heading into 2024, there is a lot of cash on the sidelines (i.e., uninvested cash). How much is a lot? Around a record $6 trillion, according to some measures compiled by Fundstrat. That figure is more than the sum of all non-housing debt (~$4.8 trillion) held by all Americans.

This cash could help to provide equity market support in 2024 if it is invested into stocks this year.

Other Asset Classes

- Bonds: There’s been some tough sledding in this area as investors have endured a three-year bear market with the benchmark 10-year Treasury yield trading in a wide range between 3.253% to approximately 5.0% throughout the year. Bond buyers were likely feeling better once interest rates moved lower toward the end of 2023.
- Gold: GLD (SPDR Gold Trust ETF) had a resilient and impressive year, rising 12.69% in 2023, even as interest rates rose for the majority of the year. Spot gold prices breached all-time highs in early December 2023 and pulled back to end the year. Precious metals could garner more attention this year, with interest rates expected to stay steady to lower.
- Megacap Crypto: Bitcoin, the largest cryptocurrency by market cap, had a stellar 2023, increasing by approximately 154%. At year's end, investors were eagerly awaiting a spot Bitcoin ETF, and bulls cheered its prospects with the path forward in the SEC’s hands. Bitcoin bulls were also cheering the prospects of the Bitcoin “halving”’ event, which is slated to occur in Q1-Q2 in 2024. Halving is when the mining reward is cut in half, therefore creating less additional supply.

Inflation

Commodity Prices: Broadly measuring commodity prices using the S&P Goldman Sachs Commodity Index, we see that the index fell in 2023, indicating lower wholesale prices across a broad range of commodities. Ideally, this trickles down to the consumer if those corporations do not mark things up too much.

Consumer Price Index (CPI): Government data shows that consumer inflation, as measured by the Consumer Price Index, peaked year-over-year in June of 2022 at 9.1% and declined steadily throughout 2023. However, it may not feel like it when you purchase goods and services. “Stuff” is still expensive, with service pricing and shelter pricing remaining stubborn. Core CPI (which excludes volatile food and energy) showed a rise of 4% year-over-year, according to the last release in 2023 of November data.

Core Personal Consumption Expenditures (PCE): The Fed’s most recent forecast shows its favorite inflation gauge, Core PCE, falling to 2.4% in 2024, 2.2% in 2025 — and ultimately reaching their target of 2% in 2026.

Other Links in our new series How to Invest in 2024:

https://bayrockfinancial.com/how-to-invest/how-to-invest-in-2024/

https://bayrockfinancial.com/ad/how-to-invest-with-your-new-advisor/

https://bayrockfinancial.com/ad/meet-george-the-investor/

01/16/2024

How to Invest in 2024 and Educational Series by BayRock Financial and Jim Munchbach

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Learn How to Invest in 2024 by BayRock Financial

How to Invest in 2024 is an educational series that will be posted at BayRockFinancial.com and the videos will be posted to our YouTube channel in the How to Invest in 2024 Playlist.

To learn more visit:
https://bayrockfinancial.com/how-to-invest/how-to-invest-in-2024/

Disclaimer for How to Invest Series
How to Invest in 2024 is an educational series for BayRockFinancial.com. How to Invest in 2024 is provided for educational purposes only. It is imperative for readers to understand that the information offered in this series of posts (How to Invest in 2024) should not be construed as investment advice.

The content in How to Invest in 2024 is developed through extensive internet research to collate relevant news and insights specific to the topics discussed. However, accuracy, completeness, or timeliness of the information cannot be guaranteed by BayRock.

Readers should note that the How to Invest in 2024 series is not intended to replace professional financial advice. We strongly recommend consulting with a qualified financial advisor before making any investment decisions.

BayRockFinancial.com and its authors bear no responsibility for actions taken based on the information provided in the How to Invest in 2024 series.

Investing involves risks, and past performance is not a predictor of future results.

BayRock will not be held accountable for any losses or damages incurred as a result of utilizing the content from the How to Invest in 2024 series, including, but not limited to, financial losses.

By accessing and using the content in the How to Invest in 2024 series, you acknowledge and agree to this disclaimer and assume full responsibility for any decisions or actions taken based on the information provided.

01/15/2024

UH Personal Finance Pre-Day One Tech Check

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Pre-Day One Prep Tech Check Spring 2024
JRM 4:13 PM CT January 15, 2024

https://missionalmoney.com/video/uh-personal-finance-tech-test-live/

UH Zoom

ECAMM Live Virtual Mic
ECAMM Live Virtual Camera
Background Settings
Device Checklist

MacProMax

Sound Check MacProMax
Monitor Check MacProMax
Camera Check MacProMax
MacProMax13

Camera Check Cam-A
Camera Check FULL
iPad Max22

Monitor Check iPad Max22
Sound Check iPad Max22
Video Playback iPad Max22
Sound Check

Fifine Mic
MacProMax speakers
Feedback Setting
Background Music
Titles, Transitions, Clips

YouTube Channel Subscribe
UHPLaylist.com Spring 2024
Colorful Transitioin
Thinking Man
Day One Outline

Money Study Group

About Money Study Group
How to Enroll Online
Planning Portal-BayRock
RightCapital Profile SetUp
3 Laws of Personal Finance
Change Your Financial Future
Why I Love Schwab
RightCapital

RightCapital Planning Portal
How to SignUp for RightCapital
Important Links

MoneyStudyGroup.com
YouTube Channel
UHPlayList.com
FaceBook Page:
GroupMe: UHGrp.com
Zoom: UHZoom.com Jim Munchbach is inviting you to a scheduled Zoom meeting.

01/11/2024

Meet George the Investor

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Welcome to "Meet George the Investor," an educational YouTube video brought to you by Jim Munchbach, a CERTIFIED FINANCIAL PLANNER Professional and the CEO of BayRock Financial.

https://bayrockfinancial.com/ad/meet-george-the-investor/

About the Video:

"Meet George the Investor" is not just a video; it's a journey into understanding how effective financial planning can improve your life. Through the story of George, an aspiring investor, Jim uncovers the essentials of investment management, risk management, and how to navigate the financial world with confidence.

Jim Munchbach's Expertise:

As a seasoned financial planner with extensive experience on Wall Street at Morgan Stanley in the Wealth Management department, Jim offers insights into the financial industry. His approach combines practical strategies with a deep understanding of personal finance, making complex concepts accessible to everyone.

Free Online Course - "30 Days to Make Your Money Count":

This video also introduces viewers to Jim’s transformative online course. Designed to empower individuals in their financial journey, the course is based on Jim’s proven Financial Planning Principles and features The Blueprint for Financial Success. It's a step-by-step guide through the Financial Planning Process, now available for free!

Enroll in the Course:

Ready to take control of your financial future? Enroll in "30 Days to Make Your Money Count" today and start on the path to saving more money, paying lower taxes, and building a better retirement. Click here to enroll: [Enroll in Course](https://bayrockfinancial.com/30-days-to-make-your-money-count/)

Downloadable Resources:

Enhance your learning experience with these valuable resources, available for download as mentioned in the video:
- Investment Policy Statement: [Download Workbook](](https://bayrockfinancial.com/ad/investment-policy-statement/)
- Investment Proposal: [Download Proposal](](https://bayrockfinancial.com/ad/investment-proposal/)

Jim's Role in Education:

Beyond his professional accomplishments, Jim is dedicated to educating the next generation of financial experts. As a professor at the Bauer College of Business, University of Houston, he imparts his knowledge and experience to students, preparing them for successful careers in finance.

Connect with Jim:

Stay connected with Jim Munchbach and BayRock Financial for more insights, advice, and financial education resources.
- Visit our website: [BayRock Financial](https://bayrockfinancial.com/)
- Follow Jim on Twitter - http://twitter.com/JimMunchbach
- Connect on LinkedIn: http://www.linkedin.com/in/JimMunchbach

Watch, Learn, and Grow:

Enjoy "Meet George the Investor" and embark on a journey to financial literacy and success with Jim Munchbach, your trusted financial guide. Don't forget to like, share, and subscribe for more valuable content!

01/10/2024

At BayRock Financial, our commitment to your financial success extends beyond the initial onboarding process.

Read the full article: Client Onboarding Process
https://lttr.ai/AMwC0

01/08/2024

The video will help you make informed decisions about your investments in terms of the fees you're paying with a Financial Sales professional vs. an Independent Fiduciary Advisor.

Watch Video 📽 https://lttr.ai/AMmCy

01/04/2024

Justin Howell YouTube Playlist on Jim's Channel

Watch Video 📽 https://lttr.ai/AMaLb

#50%Discount

12/27/2023

Independent fiduciary advisors provide tailored advice, personalized plans, and ongoing support, ensuring your financial goals are addressed holistically.

Read the full article: What is Fiduciary Advice
https://lttr.ai/AMEDE

12/13/2023

Personalization: If you prefer personalized guidance tailored to your specific financial circumstances, goals, and risk tolerance, working with an independent fiduciary advisor is recommended.

Watch Video 📽 https://lttr.ai/ALYT2

12/10/2023

My piggy bank just asked for a bigger cloud to live in. Thank you, ! 🐷☁️

Read more 👉 https://lttr.ai/ALPuh

12/10/2023

The FDIC closed SVB, and the agency will try to find a private buyer for the bank.

Read more 👉 https://lttr.ai/ALOwE

12/02/2023

Cost-Effective Marketing: Referrals are essentially free advertising, saving you money on expensive marketing campaigns.

Read the full article: Asking for Referrals
https://lttr.ai/AKz10

11/29/2023

Independent Fiduciary Advisors vs. Financial Coaching Professionals

Watch Video 📽 https://lttr.ai/AKo9v

11/24/2023

What does traditional exit planning revolve around compared to the visionary approach?

Read more 👉 https://lttr.ai/AKaCZ

11/22/2023

The Covered Strangle can be an effective strategy for generating additional income in a moderately bullish or range-bound market scenario.

Read more 👉 https://lttr.ai/AKVC4

11/22/2023

And while retail therapy might feel good momentarily, financial therapy heals the relationship in the long run.

Watch Video! 👉 https://lttr.ai/AKTC5

11/20/2023

My first tip: Don't buy a lambo with money you don't have.

Read the full article: Jim Munchbach on Telegram
https://lttr.ai/AKL3X

11/14/2023

Investment Advice and Financial Planning are offered through BayRock Financial, L.L.C., a Registered Investment Advisor.

Watch Video 📽 https://lttr.ai/AJ1ud

Want your school to be the top-listed School/college in Houston?

Click here to claim your Sponsored Listing.

Videos (show all)

UH Personal Finance Week One How to Save Money with Chuck
UH Personal Finance Class Collaboration for Week One
January Market Outlook - Part Two How to Record with Background Music
January Market Outlook - How to Invest in 2024
How to Invest in 2024 and Educational Series by BayRock Financial and Jim Munchbach
UH Personal Finance Pre-Day One Tech Check
Meet George the Investor
Capstone Review - Personal Finance Week 12, Zoom Finale November 7, 2023
Tax Allocation Strategies and Asset Allocation Review - Personal Finance Week 11
Options Strategies 101: How to Minimize Risk and Maximize Profit by CFP Professional Jim Munchbach
Kitty The Movie (Trailer) for Cat Lovers Everywhere
US Treasury Yields Rise with Interest Rates Inflation Debt and Deficits

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Telephone

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