As we hit the halfway mark in 2025, now is a great time to pause and assess your financial progress. Whether or not you’ve met with your advisor recently, this point in the year offers a natural moment of reflection. Are you on track to meet the goals you set in January? Are there areas of your financial plan that need more attention or less?
Revisit What Matters Most
Start by reviewing your personal progress:
- Have you increased your retirement contributions?
- Paid down debt?
- Built up (or replenished) your emergency fund?
These are the items within your control, the actions that truly shape your financial future. A mid-year check-in helps you assess what’s been completed, what remains on your list, and where you might need support or accountability to stay on course.
Reassess Your Investment Strategy
Once you’ve gone through your action items, it’s time to evaluate your portfolio:
- Is your asset allocation aligned with your goals?
- Are you taking the right amount of risk for where you’re headed?
- Has your financial situation shifted in a way that calls for adjustments?
Sometimes, staying on track means making tweaks to your investments. Other times, it means resisting the urge to make changes based on headlines or hype.
As Henry David Thoreau wisely said, “A man is rich in proportion to the number of things which he can afford to let alone.” That mindset rings true in investing when your strategy is sound; success often comes from sticking with the plan rather than constantly tinkering with it.
Take Stock of the Big Picture
If you choose to have an advisor help you with your mid-year analysis, advisors can revisit key financial data like updating account balances, debt levels, income, and expenses. From there, they reassess your net worth, refine cash flow estimates, and look ahead to the next six months and beyond. Even in a strong market, results aren’t guaranteed. Market performance may influence outcomes, but the real driver is consistent behavior. Don’t get distracted by the “shiny.”
At Anchor Wealth, we believe about 80% of financial success comes from following through by making contributions, paying off debt, and staying focused on your goals. Whether it’s your official mid-year review or just a personal moment of reflection, now’s a great time to check-in.
By Adam Ludwig, CEO/Wealth Advisor