By Family Financial Partners is celebrating its 20-year anniversary this month, and we know what you’re thinking — 2005 was twenty years ago??? We feel the same way.
Think back to the summer of 2005: You’re probably lounging around, listening to Hollaback Girl or Drop It Like It’s Hot on your brand-new iPod (now with video!), trying to find out when your local Best Buy was finally going to get a new shipment of Xbox 360s. How about Mariah Carey’s music video for We Belong Together on TRL? So great! Too bad Carson Daly is leaving the show this year 🙁
Did you vote for Carrie Underwood on American Idol? Of course you did. That new show, Grey’s Anatomy, looks pretty good too. I wonder if it will get more seasons?
Maybe you’re texting friends via T9 on your Razr phone about a good time to go see the final episode of the latest Star Wars trilogy, Revenge of the Sith. You should probably grab your best pair of cargo pants or capris before you hit the theater (by the mall, obviously).
Had you heard about Facebook yet? You can be friends with students from other colleges and poke them when you want to say hi. It’s a good thing your parents can’t be on it! What about that new website called YouTube? There’s an awesome Ronaldinho video on there , but it’s mostly just Family Guy and skateboarding stuff. You should get on the computer in your kitchen and check it out.
It was a simpler time, back when Twitter and Instagram were nonsense words and “AI” was just a Spielberg movie. We were on the cusp of one of the worst financial crashes of all time, yet if you invested in the S&P 500 at the time, you’d have a 687% return by now (past performance does not guarantee future results).
Maybe that serves as a good reminder today. Starting your investment journey as soon as possible is an important first step in setting yourself up for financial freedom in the future. If the last 20 years can go by that quickly, imagine how fast the next 20 years will feel. Are you ready for it?
If not, reach out to our team today We can build a plan that will help get you on the right path.
(Unless you think those Bratz Dolls you held onto will be worth millions.)
Article by David Smyth, Senior Partner and Wealth Advisor at Family Financial Partners — a financial services firm in Lexington, Kentucky.