Mid-Year Money Wake-Up: Are You Actually on Track?
Let me hit you with something real quick:
We’re halfway through the year.
Half. Freakin’. Way.
So here’s the uncomfortable question:
Are you actually on track with your financial goals—or are you just coasting?
This isn’t about guilt. This is about ownership.
It’s your money. Your life. Your legacy.
But the way you treat mid-year can make or break your year-end.
This is your financial halftime huddle. So let’s reset, refocus, and re-strategize.
Why a Mid-Year Financial Check-Up Is Non-Negotiable
Let’s break this down. Life moves fast—expenses shift, income changes, investments fluctuate, your business grows (or stalls), and if you’re not checking in, you’re setting yourself up for regret.
Doing a mid-year financial review is like getting bloodwork done. It’s not always fun. But if something’s off, you’d rather know now than when it’s too late.
This is especially critical if you're a business owner, parent, caregiver, investor, or anyone who actually gives a damn about building something real.
The Mid-Year Check-Up Checklist: Get Ruthless With It
This isn’t fluff. Here’s your no-BS checklist to assess where the hell you stand financially.
Print it. Bookmark it. Hell, tattoo it on your mirror if that’s what it takes.
1. Revisit Your 2025 Goals
Did you even write them down? If you did, go pull them out.
Have you hit any?
Are you halfway there?
Did your priorities change?
Action Step: Re-rank your top 3 goals based on your life now, not what sounded cute in January.
2. Audit Your Budget—Line By Line
Are you spending based on values or based on vibes?
Inflation’s real. So is lifestyle creep.
Action Step: Pull your last 90 days of spending and categorize it:
Needs
Wants
W.T.F. (you’ll know it when you see it)
Then ask: Where can I redirect this money to actually move me forward?
3. Review Your Emergency Fund
How’s your cushion looking?
Aim for 3–6 months of essential expenses minimum.
Business owner? You may need 9+ months.
Action Step: If you’re below that, create a 90-day mini savings challenge. Automate transfers weekly.
4. Check Your Debt Progress
Are you paying down debt or just cycling it?
Action Step:
List all debts with interest rates and balances.
If you’re not paying at least $1 more than the minimum, you’re standing still.
Consider snowball (smallest first) or avalanche (highest interest first) strategies.
5. Inspect Your Investments
How’s your portfolio holding up? Don’t just chase returns—assess alignment with your goals.
Action Step:
Rebalance if needed (especially if a sector’s grown out of proportion).
Roths, 401(k)s, IRAs—are you contributing consistently?
Use tools like Morningstar’s Portfolio X-Ray to get a free breakdown.
6. Check In On Your Business (If You’re An Owner)
Revenue might be up—but is profit?
You’re not just running a business—you’re running a wealth engine.
Action Step:
Re-run your P&L.
Assess if expenses are aligned with growth or just ego.
Have you paid yourself properly? No? Fix that first.
7. Adjust Tax Strategies
Did your income shift? Did you sell assets? Start a side hustle?
Action Step:
Connect with your tax pro or CPA now.
Make estimated payments if needed.
Explore retirement contributions (SEP IRA, Solo 401k) to lower taxable income.
8. Revisit Your Insurance
You don't need to over-insure, but you sure as hell don’t want to be underinsured.
Action Step:
Review your life, disability, business, and umbrella coverage.
Make sure your beneficiaries are up to date.
9. Run Your Net Worth Statement
If you don’t know your number, you’re just guessing.
Action Step:
List your assets (bank accounts, investments, home equity)
Subtract your liabilities (mortgages, loans, credit cards)
Track it quarterly with tools like Empower (formerly Personal Capital).
10. Reassess Your Team
This is one of the most overlooked steps.
Ask yourself:
Do I trust my financial advisor?
Are they proactive or reactive?
Do I even have an advisor?
If you’re doing this alone, it’s time to stop playing small.
Hire the planner. Meet with the CPA. Consult the estate attorney.
Real Talk: Mid-Year Is Make-Or-Break Season
Don’t wait for December to try and fix a year you ignored.
Mid-year is where momentum is built—or lost.
Get brutally honest. Reset your numbers. Reclaim your plan.
You don’t need to be perfect. You need to be engaged.
Bonus Tip for Business Owners: Run a Mid-Year "Vision Check"
Do your offers, prices, client base, and schedule still align with the life you want to build?
If not—adjust.
Cut what drains you.
Raise what feeds you.
Simplify what confuses you.
Two Tools to Make It Easy
Empower Net Worth Tracker – Free and clean UI to monitor your net worth:
https://www.empower.comMorningstar Portfolio X-Ray Tool – See how diversified (or not) your investments are:
https://www.morningstar.com/portfolio-x-ray
Ready to Stop Guessing and Start Winning?
If reading this gave you even the slightest gut-check—that’s your sign.
Stop patching your financial life together with Google searches and “I’ll figure it out later” energy.
The Black Mammoth Power Hour is your chance to sit down with a pro and get real about your money, your business, and your goals. No fluff. No filters. Just a straight-up financial game plan tailored to your life.
Whether you’re feeling stuck, scaling fast, or just want someone to finally explain things in plain English—this is your move.
One hour. Real clarity. No BS.
Book your Power Hour now and walk away with a plan you actually understand and can act on.
You made it halfway. Don’t coast.
Let’s finish this year like you actually give a damn.