Mid-Year Financial Review - Strategies and Insights | Episode 048

In this episode Mark shares his comprehensive approach to a semi-annual financial review. Covering essential personal finance practices, Mark outlines steps for calculating net worth, tracking spending, evaluating annual achievements against the one-page financial plan, and preparing for future financial goals.

Mark provides insights on Roth conversions, social security benefits, and his personal experiences with major expenses. Additionally, he discusses the importance of regular updates to estate planning documents and beneficiary designations.

This episode is a deep dive into detailed financial oversight practices aimed at maintaining and enhancing financial freedom.

Episode Links:

Mark’s Money Mind YouTube Channel

The Financial Starting Line – Net Worth, 529 to Roth IRA and Q&A | Episode 003

New Year Financial Planning | Episode 039

Timestamps:

• 00:52 Semi-Annual Financial Review: Net Worth Calculation
• 08:38 Reviewing Your Spending
• 16:32 The Anti-Budget Approach
• 18:24 One Page Financial Plan: Mid-Year Check-In
• 23:15 Roth Conversions and Tax Strategies
• 29:13 Social Security Survivor Benefits
• 41:22 Estate Planning and Beneficiary Designations
• 43:00 Wrapping Up and Upcoming Events