Cash Flow Planning When You’re at the Mid-Point of Your Career

Jan 14

Your financial journey has a lot of milestones and transitions along the way. However, it generally breaks down into stages in which your needs, goals, and risk profile may look different than in earlier or later stages.

The midpoint of your career, when your income has increased, and you have some visibility into your likely earnings trajectory, usually corresponds to other responsibilities. These may include home ownership, creating a family, saving for kids’ education, and increasing retirement savings. And, of course, higher income means higher taxes.

Creating a flexible financial plan that protects your family, grows your assets, and minimizes is the foundation of building wealth. At this stage, you are starting to accumulate enough that mistakes and missed opportunities can be very costly.

Cash flow planning is the foundation of your financial plan, and it needs to be specific to the stage you are in.

Understanding the Planning Mindset

While budgeting is part of... ...