Jason and Andy discuss books that can help you gain perspective in your financial planning journey.

Whether or not you can believe it, the start of July marks the halfway point of 2022. As you head into the summer months, it's time to start thinking about conducting a mid-year financial review. Your overall financial health is mainly dependent on the income you earn and the expenses you pay. You probably receive multiple paychecks every month, but you also have bills to settle that reduce the funds you have available at any given moment. There's more to calculating your financial picture, though, because you have essential expenditures like food, insurance, transportation, utilities, and credit card payments that further erode your cash flow. Many people have no idea how much they actually spend each month and are shocked by how little money they have left for luxury items or savings. Creating a personal cash flow statement provides a clearer idea of your financial standing. It also allows you to adjust your spending and seek new income opportunities when necessary.

As we reach the midpoint of the year, Jason and Andy highlight the importance of taking a step back to evaluate your financial progress. A mid-year financial review allows you to assess your achievements, identify any shortfalls, and make necessary adjustments to ensure you stay on track with your financial goals.

Jason and Andy discuss maximizing Social Security benefits and pension income in retirement.

Jason and Andy have a discussion on using life insurance as a protected income strategy.

The first step in protecting your retirement income is fully understanding your income sources, how they work together, and what strategies can make them last even longer.

Jason and Andy discuss the importance of including a protected income strategy in your retirement income planning.

Passive real estate investing is a great way to earn extra money without the work and attention more “active” forms of investments require, like house flipping. But what exactly does “passive” mean? And how does this type of real estate investing work? Jason & Andy talk about what you need to know to develop your passive investment portfolio.

Establishing a passive income stream is something everyone strives for. On top of allowing an individual to potentially retire, every investor dreams of earning money without having to physically work. In other words, it's a good idea to invest your money so it keeps working in retirement, and when you don't want to. Like all income, passive income is taxable, although it can sometimes be taxed differently from active income like wages. With that in mind, Jason and Andy discuss what passive income investors need to know about the tax on passive income.

Jason and Andy discuss the importance of passive income and how to develop it in your financial planning.