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Hi, I’m Jim Munchbach
I’ve been teaching Personal Finance at the Bauer College of Business at University of Houston since 2012.
- In 2001, I became a Certified Financial Planner™ Professional
- I was the first and only State Farm agent “CFP®” in Houston
- Worked on Wall Street at Morgan Stanley in Wealth Management
- Left Wall Street to provide Independent Fee-Based Advice
- Investment Advisor Representative at STA Wealth in Houston
- Director of Financial Planning Archetype Wealth Partners
- Director of Wealth Management Tremont Street Advisors
- Founder and CEO at BayRock Financial, and Independent RIA
Due to Covid-19, all summer courses at the University of Houston are required to be delivered 100% online.
I created Money Study Group in order to deliver my Personal Finance course to summer school students at the Bauer College of Business at University of Houston.
If you want to experience an online course that will take your financial life to the next level, join us!
I’ll teach you how to Make Your Money Count.
3 Laws of Personal Finance
- The Law of Spending and Saving
- The Law of Tax Advantaged Investing
- The Law of Purpose and Commitment
Big Idea: Millionaire by 50
I want you to imagine your life 5 years from now. What do you need to achieve in order to feel good about your progress? The financial habits you develop today will determine your financial reality later in life. Money Study Group for Personal Finance was designed to teach young professionals how to become a Millionaire by Age 50.
No matter how old — or young — you are, there are a few small, simple steps you can take today that can make a big difference in your future.
Each element of the course (including homework, extra credit assignments, and class discussion) is designed to help you develop financial habits that lead to success, significance, and satisfaction.
Money Management is a discipline that builds financial muscle. In this class, you will engage in real life exercises designed to prepare you for financial success throughout your lifetime.
Learning Objectives
- Students will create an effective, real-life financial plan,
- Obtain an actual credit report,
- Analyze investment and insurance products,
- Compare and contrast types of retirement accounts, and
- Calculate individual retirement funding needs including financial projections for your personal retirement goals.
Students will become familiar with The 3 Laws of Personal Finance and a step-by-step process for setting up an effective and efficient investment strategy and much, much more.
Course Overview and Structure
The course is made up of 12 lessons with between 3 and 5 topics in each lesson. Each week includes a new lesson. This is basically a 12 week course. For students taking the course during a summer session, we’ll make a few adjustments to accommodate the semester timeline. Every week, you’ll have a lesson, a homework assignment, and a quiz — and each lesson will have a Discussion.
General Course Information and Grading
There are 1000 total points in the course. The Bauer College of Business at University of Houston grading system will be used for Grading Intervals and the magic number is 950. Once you have 950 points, you have earned an A. Bauer doesn’t offer A+… Class participation is worth 200 points and the Capstone assignment is also worth 200 points. We’ll talk about the Capstone assignment each week during our Zoom Meeting Online (Every Tuesday at 10 am)
Week 1 Homework Assignment
- Register as User at MoneyStudyGroup.com
- Open Online Planning Portal
- Download Mobile App – iPhone
- Download Mobile App – Android
- Brief Written Summary
- Your Goals, Why You Enrolled
- What is a Financial Plan?
- How are you feeling about managing money?
- In 5 years, what would you need to achieve in your life to feel good about your progress?
