How to Deal with Challenges. Sharing our Mid-Year Review
A mid-year review is a great way to energize your annual goals and performance, in a little-to-low pressure environment. Even though, this is a high impact exercise.
Contrary to the direction of society, this is one of the best ways to regain your confidence and purpose. Take this as an opportunity to dig deeper and plan out how to close out the year stronger. We are opting to go beyond the traditional definition of a mid-year review.
Table of Contents
A Mid-Year Level Problem
In this episode of the Financial Griot podcast, the crew is finally back together. We share our mid year recaps from major medical expenses, new pets, inflation and looming recession. It’s been a rough six months; far from the energetic and hopeful 10-year review that we did at the start of the year.
Lovely give the audience a deeper perspective of what she and her family had to endure, the hard decisions and even harder lessons. Life is uncompromising and challenges will appear.
This is going to be heavy. To make this actionable, we highly recommend that you do your own midyear recap. Even invite some friends or family members. This is your opportunity to re-calibrate.
Wait why do companies do these reviews and why should you?
Managers use midyear performance reviews to put pressure on employees to ensure that they aren’t quiet quitting… Nah just kidding.
This is merely a tool to foster a discussion on personal progress, goals, achievements and performance to date. The main appeal is to not let the year get away from you. Conducting a midyear review allows supervisors a formal opportunity to check in with their employees. But this also gives the employee, the opportunity to see if they are still in alignment with the company and their own developmental goals.
This should also be a moment to:
- Provide positive and constructive feedback on work to date
- Eliminate roadblocks that may impede future performance
- Adjust company goals and strategies going forward as thing changed
Is it me, or is life getting harder
The pandemic is reshaping this generation. No longer are we bound by the Hope and Change of the Obama era. We are not survivors of the Trump drama as well as multiple shocks. This generation is dealing with existentialism and nihilism brought on by hours of near endless streaming.
Prices are increasing and the once long rope of opportunity is tight enough to hang our prospects on. The reservation wage is up to $72,000 but median income is holding at $58,000. It is not just you, I also want to be paid what I’m worth.
We are merely all getting older (faster) and the pandemic years haven’t been too kind. This mid-year review is to help get your mind back on target.
Can you imagine being a Millionaire in 20 years or less? Yeah it’s possible. 80% of millionaires are first generation. That means they didn’t come from wealth.
Can you run that marathon? Yes. It will take training and effort but most marathon runners are first timers.
Can you reconnect with your Ex? Maybe. We aren’t miracle workers. Just like you, I have dreams of traveling the world and generating $100k in passive income. But I have to start with an honest assessment of where I am today.
Rekindle your personal joy and spread the energy.
Next level challenge to close out the year
Here are some tips on how you can prepare for your own mid-year evaluation. Prepare early and set aside time. Evaluate your strengths and weaknesses. Establish performance metrics and goals. Make and plan and stick to it. Also ask the hard questions, like what do I need to do to get promoted?
So there you have it. That was it.
The Financial Griot podcast’s hosts were able to amass over $2 Million in wealth in about 8 years and are on track to retire early. It started with our own assessments.
If you want to Connect with TFG Crew aka the Hosts:
- Alainta Alcin – Blogger, Travel and Money Enthusiast @alainta_alcin
- Lovely Merdelus – Entrepreneur and Small Business Growth Specialist @lovelymerdelus
- Lawrence Delva-Gonzalez – Federal Auditor and Tax Specialist @theneighborhoodfinanceguy
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