By: Adrian Lyles
Lyles Wealth Management
Twenty years ago, Tupac Shakur was slain while riding in the passenger side of his BMW after leaving a Mike Tyson fight at the MGM Grand. Michael Jordan and the Bulls had just set a new NBA record for most wins in a single season. The Summer Olympics in Atlanta, GA was bombed which left 111 injured and two casualties. The O.J. Simpson murder trial began in Santa Monica, CA. Mother Teresa received honorary U.S. citizenship, and Steve Jobs sold his company NeXT to Apple for nearly $500 million. The most daunting perspective about all of these events is that you remember them like it was yesterday. Time zooms by, and nothing stands still.
When you were twenty years old, retirement was a distant concept that your parents talked about. Now that you have children of your own, you begin to realize that if something doesn’t change, you’ll be a greeter at Walmart on your 97th birthday.
There are many items on which we can spend our money, from new cars and furniture to golf clubs and cheerleading camp for little Susie. This very moment, I want you start thinking about your retirement as a realistic possibility rather than a hope, dream, or prayer. Would this have been easier twenty years ago? Absolutely! Though it’s not too late to start planning for your financial future. Forget about all the mistakes you've made, like maxing out that Finger Hut credit card or taking out student loans to pay for a semester of Chinese food. With the proper guidance, almost anyone with a pulse can achieve financial success.