• Do you have a Bucket List? 
• Do you have a plan for your Bucket List?
• 3 things I have on my Bucket List

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"Just joined Telegram to share my money-saving secrets! Apparently, they don't accept dollar bills as currency here, only emojis. 😂 #MissionalMoney #Telegram"

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Jim Munchbach, CERTIFIED FINANCIAL PLANNER

Host at The Missional Money Podcast:

https://missionalmoney.com

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Mentioned in this episode:

Welcome to Missional Money

QuickStart

Consider a few of the potential risks and challenges associated with the recent AI frenzy and what could possibly go wrong. I'm thinking about...

• The Dark Side of Artificial Intelligence,
• Ethical Concerns, and
• The Impact On Jobs And Privacy

Artificial Intelligence (AI) has gained immense popularity in recent years, with its applications being integrated into various industries and sectors. The rapid advancement and adoption of AI have led to an AI frenzy, where businesses and individuals are enthusiastic about leveraging its potential. However, it is essential to carefully consider the potential pitfalls and challenges that accompany this AI frenzy.

Asking for Donations requires skill, in this episode we'll share some tips, tools, and strategies for Christian Missionaries who need a better approach to Asking for Donations.

Mentioned in this episode:

Welcome to Missional Money

QuickStart

• What to Watch
• What to Avoid
• What to Do

Wall Street and Silicon Valley California were in full panic mode over this past weekend demanding that the FED and Treasury intervene to pull their chestnuts out of the fire. 

The FDIC closed SVB, and the agency will try to find a private buyer for the bank. The FDIC was holding an auction that closed Sunday afternoon.

Market Silicon Valley Bank

Venture capitalists and tech startups felt pain last week as Silicon Valley Bank became insolvent, sparked by the company’s need for liquidity, which resulted in an old-fashioned bank run.

The majority of the forty-year-old institution’s clients are venture capitalists and tech startups. The California Department of Financial Protection and Innovation (DFPI) took possession of the bank last week and appointed the Federal Deposit Insurance Corporation (FDIC) as its receiver.

SVB and...

Jim Munchbach Contact Page

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Missional Money Intro 2023

QuickStart

Missional Money Financial Planning is an online self-study self-paced course designed to help investors create a compelling financial plan in 30 days. 

• Save More Money
• Pay Lower Taxes
• Build a Better Retirement

Missional Money Financial Planning is based on the principles and process outlined in Jim Munchbach's books: Make Your Money Count, What Matters Most, and Allied for Success. The online course features The Blueprint for Financial Success™.

At BayRock, we’re committed to helping you protect your assets. One way we do that is by raising awareness of the increase in fraudulent investment schemes (“scams”) involving cryptocurrencies and digital assets. While investing involves taking some risks, being scammed shouldn’t be one of them. 

Once targeted investors indicate interest, they are often instructed to wire funds abroad or to a third party’s personal account, or to transfer cryptocurrency. Fake websites and/or applications often create the illusion of a legitimate trading or investment platform and gain trust. However, once funds have been transferred, they are difficult to trace and retrieve. 

• “Guaranteed” high investment returns, supposedly with little or no risk, and sounding too good to be true.
• Unlicensed or unregistered sellers. Use Investor.gov to check out the background of anyone offering you an investment in securities.
• Skyrocketing account values. Investments that appear to rapidly increase in value are often fake.
• Fake testimonials. Investment Scams or Scammers often pay people to provide fake reviews, so never rely solely on testimonials in making an investment decision.
• Fake contacts. Take caution if someone approaches you through social media with an investment opportunity. Pretending to be a friend or to have a mutual acquaintance is a common tactic used to gain trust. 

Set up your account alerts to always get notified when activity occurs in your account.

For more security tools and steps you can take, visit our SchwabSafe® to view our latest resources and learn more about how you can safeguard your personal information and assets. And while you’re at it, check out Schwab's Security Knowledge Center.

QuickStart Financial Planning course was designed to quickly answer your 3 Big Questions:

• When can I stop working?
• How can I reduce my tax bill?
• Where can I improve my Investments?

The acronym stands for exchange-traded funds. So what does this mean? An ETF represents a basket of assets. Basically, that is a portfolio of stocks, bonds, options, and other tradable assets. that are put together by a professional money manager and put on the stock exchange for investors to buy and sell quickly. 

When you’re investing in an ETF you’re investing in multiple companies that represent or mirror an index. For example, if you were interested in investing in the S&P 500, you don’t actually invest in the index itself. Instead, you would invest in an ETF that represents a portion of that index. The ETF for the S&P 500 is “SPY”. When investing in SPY, instead of buying all 500 companies that the S&P represents you are participating in that index at a fraction of the cost. 

There are two main types ETFs, “Market” or “Index” ETFs. Like the name suggests, Market ETFs or Index ETFs replicate the index of a market. There are different ETFs for the different indexes. For example, as talked about earlier, the S&P 500 is known as SPY and the NASDAQ 500 is referenced as QQQ. 

The second type of ETFs is known as Sector ETFs. These let you invest in specific sectors of the markets such as healthcare, or tech stocks. Like the Index ETFs each sector is represented by a unique ticker. So, for investing in the healthcare sector the ETF would be represented as XLV. 

Although ETFs have basic similarities to the two and can often be very comparable, they do present slight differences. 

1. Unlike mutual funds, ETFs can be traded throughout the day versus only being able to trade at market close. 
2. They also present lower fees than mutual funds. Generally, mutual funds charge a 1.42% fee while fees on average for ETFs are 0.53%. Further, the total price you pay for ETFs is the share price times the number of shares. Basically, you can’t place an ETF order for a dollar amount as you can’t place a mutual fund order for a number of shares.
3. ETFs take about 3 days to settle versus the 1 day it takes for mutual funds. 
4. Lastly, minimum investment price of ETFs and the function of automatic reinvesting. ETFs typically have a very low investment minimum compared to mutual funds, and this price depends on what the price of the share is at the time.