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
Popular Podcasts
Crime Junkie
Does hearing about a true crime case always leave you scouring the internet for the truth behind the story? Dive into your next mystery with Crime Junkie. Every Monday, join your host Ashley Flowers as she unravels all the details of infamous and underreported true crime cases with her best friend Brit Prawat. From cold cases to missing persons and heroes in our community who seek justice, Crime Junkie is your destination for theories and stories you won’t hear anywhere else. Whether you're a seasoned true crime enthusiast or new to the genre, you'll find yourself on the edge of your seat awaiting a new episode every Monday. If you can never get enough true crime... Congratulations, you’ve found your people. Follow to join a community of Crime Junkies! Crime Junkie is presented by audiochuck Media Company.
24/7 News: The Latest
The latest news in 4 minutes updated every hour, every day.
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.