Week 9 Investment Basics Assignment ReviewThe Perfect InvestmentIn this week’s assignment, you’ll learn a few important basics about investing, including asset classes. Over the next two weeks, you’ll learn the 4 Investment Strategies designed to maximize returns in your portfolio while minimizing risk. Retirement AnalysisYou will incorporate what you learn in the investment section of this course by using your financial plan (Retirement Analysis) to highlight your probability of success before and after applying what you learn about investing into your plan.The Perfect InvestmentWell, there may not actually be a “perfect” investment, but matching funds in your 401k comes as close as anything I’ve ever seen. 401K MatchMany companies offer to match money we put into retirement accounts, and that’s free money! It doubles your income immediately, and it will multiply your savings over time. Sadly, I’ve known a number of people who didn’t take advantage of this incredible opportunity. If your employer offers it, do whatever you need to do to get the maximum you can get. You might not be able to afford the latest gadget for your computer, the newest iPhone every time a new one comes along, but you’ll have something far more valuable: peace of mind that your future is looking good!How it Works- Get The Match!- Tax Deduction- 15% Baby Step- $100k ExamplePlanning PortalLogin to your Planning Portal and take a quick look at your Retirement Analysis.- Take a Screenshot showing your Probability of Success - Before Moving Forward - Grab a screenshot of your Probability of Success - Include the Action Items dropdown list - Grab a screenshot of your Income Data Cards - Grab a screenshot of your Savings Data Cards - Grab a screenshot of your Expenses Data CardsAdd your 401k to your planBased on your Dream Job, be sure to include…- How much will you be investing in your 401K? - What is your company “Match”? - What is your goal for Retirement? - Age? - Monthly Income? - How are you feeling about reaching that goal?Take a closer look at your Plan - List Three Options can you consider to improve the probability of success in your plan.- Grab a new Screenshot for your Retirement Analysis - How did your options “move the needle” on your probability of success?Include a screenshot for this week’s Quiz

Insurance 101 Assignment: Add Home and Auto Insurance to Your Plan Insurance (Risk Management) is an essential element of Personal Finance. You’ll spend a lot of money buying insurance in your lifetime. So, a little insurance knowledge can help you Make Your Money Count.This week, we’re focusing on Property and Casualty insurance. In this assignment, you will add insurance to your financial plan. The following information will help you understand Homeowners and Auto Insurance so that you can add the coverage you need to protect your investment (your new home and car).Part One: Get Auto Insurance QuoteObtain One Auto Insurance Quote online (or in a local insurance agency). You can use your actual car, a family car, or a friend’s car to obtain the quote. Or, feel free to use the car you “pretended” to buy in your credit crush assignment for the auto quote.Save the quote (PDF) along with your comments related to each coverage you selected - see below, Part Three. Be sure to address the following coverages in your comments:— Collision and Deductible (Earn 5 extra points by getting a quote for more than one deductible. How much will you save if you take a $1,000 deductible? Is it worth it? Or, how much more will you pay if you take a $250 deductible?)— Comprehensive and Deductible - Consider getting a quote for more than one deductible. - How much will you save if you take a $1,000 deductible? - Is it worth it? Or, - How much more will you pay if you take a $250 deductible?)— Liability 100/500/100 (address each of these three numbers and what they mean)— Rental — Emergency Road Service— Personal Injury Protection 2500/5000/10000— Medical Payments Coverage 2500/5000/10000If you’re employed, you will want PIP (Personal Injury Protection); if you’re unemployed, you will want MPC (Medical Payments Coverage).— Uninsured— UnderinsuredAlso discuss any other coverage offered by the agent you meet with or talk to online. In order to receive full credit for this assignment, you will need to convince me that you understand each of the coverages listed above.— What is a deductible? How does it work? Explain that, too.Part Two: Add Auto and Homeowners Insurance to Your PlanLink to this post:https://missionalmoney.com/financial-training/car-insurance/Enroll in Money Study Group Online:https://moneystudygroup.com Enroll in Make Your Money Count (Free Course for NON-Students at the Bauer College of Business at University of Houston):https://missionalmoney.com Sponsored by BayRockhttps://bayrockfinancial.com

Bargaining and Negotiating AssignmentOctober 5, 2021 Zoom Meeting for Personal Finance at the Bauer College of Business at University of Houston. Watch it on YouTubeBargaining and Negotiating Skills with Ramit SethiBased on what you learned this week about bargaining — and negotiation skills -- tell me your story:Bargaining and Negotiating ResourcesSpend 30 minutes or so and do some research *on Bargaining and Negotiating*Share 2 YouTube Video Links and 2 articles *About Bargaining and Negotiating* that you found helpful Briefly Summarize each video and each articleTell me why you chose these resources to include in this assignmentPost Your Comments and at least one helpful link This is your weekly "Class Collaboration Assignment"Post in MoneyStudyGroup.com orOn our Facebook Page orOn LinkedIn orOn YouTubeTell me what you learned from Ramit Sethi about Salary Negotiation and why it matters.List and Summarize Your Top 7 Bargaining Tips, Skills, Ideas Share what you learned this week. I’m especially interested in knowing how you will put these tips, tools, skills, and ideas into practice in your own life based on the big idea of this week’s lesson.Who do you know Who is a Master Negotiator? Why is this person good at Bargaining and Negotiating? What makes them good at bargaining and/or negotiating?Tell Me MoreIf you love to bargain and negotiateIf you hate to bargain and negotiateIf it feels like a fun game for youIf feels awkward and painfulAbout Your ExpericeneWhat have you "negotiated" lately?What was that like for you?What did you learn in the process?Will you be negotiating more in the future?*What will you be negotiating* more of in the future?Make a list of 10 things you plan to negotiate in the future: In the next 24 hours...In the next week...In the next month...In the next year...Your Article should be about 800 — 1000 words (50 points).As always, please format your article with a title, an introduction, and feel free to use images if you like. Upload either a Word or PDF file to BB.7 Rules, Boundaries, and Opportunities for Bargaining and NegotiatingThis is my list 7 principles related to Bargaining and Negotiating, this is not so much a list of skills as it is a list of things to think about as you work on developing your Bargaining and Negotiating Skills.Negotiate Anything and EverythingExercise Your Walk-Away-MusclePractice the Daily Discipline of PatienceComparison Shopping Builds 3 Kinds of...

Student Comments from Week 1YouTube Comments Lance Fontenot I have been managing my finances well and I feel confident in my money managing skills currently, but I do worry about how that will change once I take on more expenses. I always feel like I could be saving more, and I anticipate that saving will only be more difficult in the next couple of years. I hope to gain skills in managing my expenses to be able to optimize my savings for the future.Hela AliI feel anxious thinking about financial freedom and how to manage my finances right now and after graduating college. I took this class because I know there is so much more to saving money. I'm excited to learn about all these different ways I can grow my income and feel confident spending money.Averie BeatyThe thought of having to manage my money seems overwhelming but I honestly believe that once I get the hang of it, it won't be as difficult of a task to manage. I think that people get overwhelmed when they feel as if they have no direction or guidance, but after completing educational courses such as this one, I think it'll give more people peace of mind. The challenge I anticipate being faced with is the discipline that comes with having to save my money and keeping myself within a budget because it is not something that comes easy for me, but it will definitely be rewarding to see the benefits of me doing so.Jazmin MiraldaI've improved my spending habits significantly, but I always worry if I've saved enough money for the future. I'm looking forward to learning how to better save and what channels I can use to invest my money into.sophie robertsonHello Professor! Managing money as an adult can weigh very heavy mentally on the head but it is important to make good choices when it comes to financials and if you are smart 90% of the time, everything will be okay! Currently my troubles of saving just come from mindless spending on dinners and nights out, which add up pretty fast. In order to accomplish my goals I need to start budgeting myself and cut down on the mindless spending and start investing in my future.Part Two: 3 Laws of Personal FinanceThe 3 laws of personal finance are: Personal Finance Law #1Personal Finance Law #2Personal Finance Law #3Some people think this is a very bold claim; every college graduate can be a millionaire by age 50. When you obey these 3 laws of personal finance, you discover the truth. Saving a million dollars in 30 years is really not mission impossible. Part Three Week 2 Assignment: Budget

Summer School 2021Capstone Review4 Goals for Your Capstone Assignment- Earn 250 of the 950 Points Needed for an “A” (50 Points Extra Credit)- Define and Describe the Essential Elements of Your Financial Plan- Create a Capstone Report to Illustrate Your Financial Plan- Demonstrate Your Understanding of Cash Flows in Your Plan - Detailed Expenses Pre-Retirement - Investment Distributions - Other Inflows and Outflows Impacting Probability of Success The Capstone ReportThe Essential Elements- Watch The Capstone Assignment Video (https://youtu.be/x2VYDschix8) in Money Study Group- Review the Course Material Posted in Money Study Group- Create Your Final Report and Upload in BB- For each of the Essential Elements listed below, include the following: — Include Screen Shots — Tell me What Changes You Made, if any, Before and After each element. — Address the specific questions listed next to each element.Balance Sheet- Assets- Liabilities - Net WorthBudget- Be sure to include your detailed budget in the screenshot.- If you did not link your credit/debit card, explain why and be sure you’ve added the detailed budget items manually (25 points).Debt and Debt Strategy- Refer back to your Credit Crush Assignment if you need a refresher.- Describe your Debt Payment Strategy.- Tell me how you plan to use what you learned about Credit Cards (and debt in general) after you graduate.Asset Allocation- Tell me what you learned about Asset Allocation in this course.- How did you apply this new information in your financial plan?- What Asset Allocation will you use in your 401k after you graduate?- How much did Asset Allocation change your Probability of Success?Tax Allocation- In general, what did you learn this semester about Tax Allocation? — What is Tax Allocation?- How will you use what you learned about Tax Allocation after you graduate?- Will you fund a Roth IRA?Holdings- Discuss the actual holdings you selected for your portfolio.- Explain the difference between a holding and an asset class.- Explain the difference between a holding and Type of Account.- Explain the difference between a holding and Type of Investment.Retirement Analysis- Which elements in a financial plan can “move the needle” the most in terms of Probability of Success?Cash Flow Summary Screen- In reviewing your Cash Flow Summary Screen, was there anything you saw that would raise a question when I review it?- Spend a few minutes trying to figure out how to answer the question I’m going to ask about your Cash Flow Summary.- If it all looks great, move on to the next screen.Net Worth- In reviewing your Net Worth Summary Screen, was there anything you saw that would raise a question when I review it?- Spend a few minutes trying to figure out how to answer the question I’m going to ask about your Net WorthSummary.- If it all looks great, move on to the next screen.Enroll in the Course Podcast Listen AnywhereRate The PodcastFacebook...

The Perfect Investment4 Investment StrategiesWatch on YouTubeThese are the most common and most powerful investment strategies available to young and old investors alike, designed to help you maximize returns and minimize risk so that you build more wealth over time:DiversificationAsset AllocationDollar-Cost-AveragingPortfolio RebalancingAsset ClassesIn order to implement the 4 Investment Strategies outlined in today’s lesson, it is very important that you understand the differences between asset classes. There are many many different asset classes, sometimes referred to as “styles”:US Large CapUS Mid CapUS Small CapInternationalUS Government BondsUS Corporate BondsMunicipal BondsInternational BondsAnd the list goes on and on…Three Big FactorsThree factors determine the performance of your portfolio: Asset Allocation, The Selection of Assets (Stock Picking), andMarket TimingIn a ten-year study of ninety-one large corporate pension plans in the United States, the authors of an article in Financial Analysts Journal found that…94% Of Performance Was Determined By Asset Allocation.Many of us are tempted to wait for a windfall—winning the lottery or a big inheritance from Aunt Phoebe—before we even start to invest. Our hopes are high because we’ve heard stories of people who hit it big, but those stories are in the news because they’re so rare, not because they’re commonplace. The best way to develop a substantial nest egg is to develop the discipline of putting money into a fund every month—no excuses. The market will go up or down, but our funds continue to grow slowly and steadily. I know people who began putting as little as $25 a month into an investment, and over time, they’ve accumulated a substantial amount of money. When they were young, they had every reason to put off investing because they could easily use that $25 for dinner and a movie. But they were committed to save and invest, even if it was a small amount. When they got promotions and raises, they increased the amount they put away each month. To explain the benefit of regular investing, I use the illustration of a farmer who invests each month in his favorite commodity: Cows.Portfolio Rebalancing Portfolio Rebalancing is Like Balancing a Tire, it’s the process of realigning the weightings of assets in your investment portfolio. Rebalancing involves periodically buying or selling securities to maintain an original or desired or risk level.

Capstone Assignment Summer School Capstone Pre-Review- Watch it on YouTube (https://youtu.be/9MraNWFLXE4)3 Goals for Your Capstone Assignment- Earn 200 of the 950 Points Needed for an “A”- Define and Describe the Essential Elements of a Financial Plan- Create a Capstone Report to Illustrate Your Financial PlanThe Capstone ReportThe Essential Elements- Watch The Capstone Assignment Video (https://youtu.be/_1_Lk7WIhqc) in Money Study Group- Review the Course Material Posted in Money Study Group- Create Your Final Report and Upload in BB- For each of the Essential Elements listed below, include the following:— Include Screen Shots— Tell me What Changes You Made, if any, Before and After each element.— Address the specific questions listed next to each element.Balance Sheet- Assets- Liabilities - Net WorthBudget- Be sure to include your detailed budget in the screenshot.- If you did not link your credit/debit card, explain why and be sure you’ve added the detailed budget items manually (25 points).Debt and Debt Strategy- Refer back to your Credit Crush Assignment if you need a refresher.- Describe your Debt Payment Strategy.- Tell me how you plan to use what you learned about Credit Cards (and debt in general) after you graduate.Asset Allocation- Tell me what you learned about Asset Allocation in this course.- How did you apply this new information in your financial plan?- What Asset Allocation will you use in your 401k after you graduate?- How much did Asset Allocation change your Probability of Success?Tax Allocation- In general, what did you learn this semester about Tax Allocation? — What is Tax Allocation?- How will you use what you learned about Tax Allocation after you graduate?- Will you fund a Roth IRA?Holdings- Discuss the actual holdings you selected for your portfolio.- Explain the difference between a holding and an asset class.- Explain the difference between a holding and Type of Account.- Explain the difference between a holding and Type of Investment.Retirement Analysis- Which elements in a financial plan can “move the needle” the most in terms of Probability of Success?Cash Flow Summary Screen- In reviewing your Cash Flow Summary Screen, was there anything you saw that would raise a question when I review it?- Spend a few minutes trying to figure out how to answer the question I’m going to ask about your Cash Flow Summary.- If it all looks great, move on to the next screen.Net Worth- In reviewing your Net Worth Summary Screen, was there anything you saw that would raise a question when I review it?- Spend a few minutes trying to figure out how to answer the question I’m going to ask about your Net WorthSummary.- If it all looks great, move on to the next screen.Invested Assets- In reviewing your Invested Assets Summary Screen, was there anything you saw that would raise a question when I review it?- Spend a few minutes trying to figure out how to answer the question I’m going to ask about your Invested Assets Summary.- If it all looks great, move on to the next screen.Accounts- In reviewing your Accounts Summary Screen, was there anything you saw that would raise a question when I review it?- Spend a few minutes trying to figure out how to answer the question I’m going to ask about your Accounts Summary.- If it all looks great, move on to the next screen.InsuranceIn each of the insurance categories listed below, briefly explain…- What insurance did you add to your plan and why?- After you graduate, what insurance...

7 Tips for Bargaining and Negotiating with YourSelfEnroll in the Coursehttps://moneystudygroup.com Podcast Listen Anywherehttps://money-study-group-online.captivate.fm/listenRate The Podcasthttps://lovethepodcast.com/moneyFacebook Pagehttps://www.facebook.com/uhcoachGrab the RSS Feedhttps://feeds.captivate.fm/money-study-group-online/Munchbach.com https://munchbach.com/money-study-group/

ConsumerismWhat it isHow it worksWhy Consumerism is the #1 Threat to...Your FutureYour FamilyYour Financial PlanEnroll in the Coursehttps://moneystudygroup.com Podcast Listen Anywherehttps://money-study-group-online.captivate.fm/listenRate The Podcasthttps://lovethepodcast.com/moneyFacebook Pagehttps://www.facebook.com/uhcoachGrab the RSS Feedhttps://feeds.captivate.fm/money-study-group-online/Munchbach.com https://munchbach.com/money-study-group/

Summer School 2021 | UH Personal FinanceMoney Study Group OnlineSummer School Week 2Welcome to Money Study Group Summer Session at the Bauer College of Business at University of Houston.Introducing First Memories of Money - #Videohttps://youtu.be/xaR_iW4GlagFull Zoom Meeting #Videohttps://youtu.be/-4EN3tvcOIcIn this Zoom Meeting, we discuss Week 1 Assignments and preview the next two Assignments.First Memories of MoneyParental InterviewFree Credit ReportList of CreditorsSubscribe and Enroll Today!https://moneystudygroup.com Leave a 5 Star Review, tell us what you want in future episodes. https://lovethepodcast.com/moneyWe’ll give a shoutout whenever you leave a 5 Star Review.Listen Everywherehttps://money-study-group-online.captivate.fm/listen#UH#Bauer#MoneyStudyGroup#PersonalFinance

Money Study Group, The PodcastMoney Study Group is a weekly podcast that teaches you how to become a millionaire by age 50.The #podcast is primarily for students of Personal Finance at the Bauer College of Business at University of Houston — but anyone who wants to learn the principles and process of building wealth is welcome!Money Study Group is also an online course and each semester, we add something cool to the online course to make it better. This semester (summer 2021) we’re adding a podcast in iTunes and everywhere podcasts are played.When you leave a 5 Star Review in iTunes, we will give you a personal shout out in the next weekly episode.And if you’re a student at the Bauer College of Business at University of Houston, you will get extra love for leaving your 5 Star Review and telling me what you like, what you don’t like, and what you want in future episodes.Here's a link to watch The Three Laws of Personal Finance on our YouTube Channel.https://youtu.be/eW2RS-FKG3ALearn more at MoneyStudyGroup.com https://moneystudygroup.com Brought to you by Munchbach Family Office, LLC