What is a Financial Plan?

What is a financial plan – to you? That’s a question I’ve been asking in my Personal Finance class at the Bauer College of Business at University of Houston. Long before I started teaching Personal Finance on a college campus, I learned that the definition of a financial plan is different from one person to the next.

As we get started on a new semester at UH, I wanted to launch Season Two of the Missional Money Podcast: What is a Financial Plan.

Over the course of this semester at UH and also in Season Two of the Missional Money Podcast, I’ll be unpacking the essential elements of financial planning while answering the question WHAT IS A FINANCIAL PLAN. I hope you’ll join me.

Let’s Make Your Plan!

As a Certified Financial Planner™ Professional, I’ve learned a thing or two about financial planning.

 

Money Study Group is an online self-study self-paced course designed to teach students how to become a millionaire by age 50. The course was developed at the Bauer College of Business at University of Houston and is in its 13th year of production. Enroll in Money Study Group for a one-time fee of $75.95

After enrolling in Money Study Group, there is no cost for you to create, update, and manage your financial plan using our favorite planning tool; RightCapital is our premium planning software brought to you by BayRock.

BayRock Purpose Statement

BayRock is dedicated to helping individual investors, families, and business owners manage the risk and opportunity of everyday life, recover from the unexpected, and realize their highest purpose.

How it Works

• Subscribe to our Podcast in iTunes and everywhere Podcasts are played

• Enroll in Money Study Group Online

• Update Your Plan using the link below

Get started tracking your financial progress today, I’ll be able to see monitor your activity from my dashboard.

• You will be prompted to enter a password and create an account.

• Please bookmark the page and be sure to save your password.

• For your convenience, we’ve included easy links at the top of our pages and posts on our websites at BayRock Financial and also at Missional Money.

Jim Munchbach, CFP®, CLU®, ChFC®, CPCU®

I look forward to helping you create a compelling financial plan for your future. Missional Money is a weekly podcast where you’ll get tips, tools, and strategies to Make Your Money Count. Much of what you will learn in Money Study Group is based on my book (Make Your Money Count).

Missional Money Podcast

Join Jim Munchbach and Mr. Cartoon Head for Season Two of the Missional Money Podcast in iTunes, Spotify, Casbox, Podchaser, and Everywhere Podcasts are played!

What’s In Your Financial Plan?

As you consider the question: What is a Financial Plan, it might help if you just go ahead and set up your financial plan in our premium planning portal by BayRock. Click here to create your account.

RightCapital Mobile App

RightCapital mobile app download

• Apple App Store download

• Google Play Store download

The RightCapital mobile app is available for iPhone and Android devices. Clients can visit the App Store or Google Play store to download the App.

Apple App Store download

Search for RightCapital

1. Click the blue Get button

2. Once the download is complete, click the blue Open button

3. Insert your login information when prompted

 

Google Play Store download

1. Search for RightCapital

2. Click the green Install button

3. Once the download is complete, click the green Open button

4. Login using the same email and password you used to create your account in previous step.

   

    

   Give RightCapital Permission

   

   Plan Summary and Navigation

    

   

    

 

Check Out Your Financial Plan

The Dashboard

• Snapshot

• Balance Sheet

• Liquidity

• Budget

• Debt

• Student Loan

• Tasks

Investment

• Asset Allocation

• Allocation Path

• Sector and Style

• Concentration

• Tax Allocation

• Holdings

Retirement

• Analysis

• Stress Test

• Social Security

• Medicare

• Cash Flows

Insurance

• Life Insurance

• Disability

• Long-Term Care

• Property and Casualty

Education

Tax

• Tax Estimate

• Distributions

Estate

• Checklist

• Beneficiary

• Analysis

Profile

• Net Worth

• Goals

• Income

• Savings

• Expenses

• Family

More

• Vault

• Calculator

Financial Planning Next Steps

• Social Security Optimization

• Budget Planning

• Student Loan & Debt Management

• Tax Planning & Roth Conversion Optimization

• Annuity Analysis

• Insurance Needs Analysis

• Goal Based Planning

• Advanced Cash Flow Planning

• Retirement Planning Analysis

• Retirement Income Analysis

• Interactive Scenario Planning

• Estate Planning Strategies

• High Net Worth Estate Planning

• Monte Carlo Simulations

• Medicare Planning & Premium Calculation

• Dynamic Retirement Spending Strategies

• Business Exit Strategies

• Holdings Details

• Client Portal and Document Vault

• Account Aggregation

• Spending & Budgeting Tools

• Mobile App

• And Much More!

   

Enroll in Money Study Group Today

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Missional Money Playlist