Financial Planning Fridays #30: Now is the best time to be alive

We live in an age of unprecedented technological progress.In the last few decades, advancements in fields such as medicine, transportation, and communication have transformed our daily lives. We now have access to instant communication with people across the globe, and we can travel to far-flung destinations in a matter of hours. Medical breakthroughs have eradicated many diseases and extended our lifespans while making our quality of life much better during the time that we are here. Millions of people rise out of poverty every year and have now access to free classes from the world’s leading universities.

Let’s look at a few key examples and then tie this to your investment portfolio.

Our worldwide life expectancy has more than doubled over the past 100 years and has already gone up more than 10 years since 1980.

The percent of the world living in extreme poverty has gone from more than 40% to less than
9% over the same period of time.

Billions of people around the world can now begin to think about their future, and their families’ futures, instead of worrying about their next meal. The number of people who use the internet has gone from 4.2 Million in 1991 to more than 5.1 Billion in 2023. Over five billion more people can now take free classes from Harvard, start an online business, and connect with people around the world than just 32 short years ago! It won’t be long until the entire world has access to everyone and everything through the internet.

The global literacy rate is also rapidly getting closer to 100%. It is already up more than 20% than it was 40 years ago and is now just above 87%.

We now have a telescope that can see 13.4 billion light years away. Forty years ago we could only see one quarter of one light year from Earth. There are 10,000 stars for every grain of sand on planet earth- that is an incredible amount for us to see and explore. Imagine all that we will learn from being able to see outside of our own solar system for the first time ever.

Bringing the focus back to your investments; all of those advancements made over the past 40 years resulted in a market that looks like this:

One dollar invested forty years ago is now worth almost $110 after growing at 11% per year because of all of the innovation and progress the world has made.

We are living in an unprecedented time of innovation, rapid progress, and growth in all areas of our life. We have so much to look forward to and this truly is the best time in history to be alive. We have infinite reasons to feel optimistic for ourselves and our future generations. Making investments by purchasing shares in the most innovative companies the world has ever known is one of the best ways to participate in this growth and ensure that our financial future is also just as bright.

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