In the 1970’s and through the late 1990’s, the phrase “I need to get these developed” told everyone that you had film and needed to drop it off. You had captured a “Kodak Moment”. Yet as quickly as the digital era of photography became the norm, (See Selfies) the demise of Eastman Kodak began. In January 2012, Eastman Kodak officially declared Bankruptcy. The Kodak Moment had become blurred as a moment in history by digital photography and the smartphone. Things change.
Unless you are absolutely disconnected from any internet, radio, TV, newspaper or magazine then you know that Valentine’s Day is coming.
Unlike a favorite show of ours where Winter is Coming, Valentine’s Day is nothing to lose your head about.
Valentine’s Day in The Financial Olympian’s™ opinion is the most crassly overly commercialized holiday. This has been growing steadily since the 1960’s when doing Valentine’s Day bags in elementary school for everyone to “give you” a Valentine Day card began. That was nothing more than the card industries manipulation to sell packages of cards. They were sold in packages of 25 which meant if your class had more than 25 classmates, then you had to buy two packages of cards or decide who to omit.
You may soon hear or have heard about a new DOL’s fiduciary rule and wonder what it means for your IRAs and 401(k) accounts. It’s in the news today with A Wall Street Journal report published overnight says that President Donald Trump will to sign a memorandum to repeal the fiduciary rule. Last Summer, John Oliver, an English comedian, writer, producer, political commentator, actor, media critic, and television host hosted a segment on the fiduciary rule. Where he got a lot of it right and a major part wrong according to Forbes Magazine.
How does this impact you and what do you need to do: nothing.
Today is the last Friday in January and the 27th day of 2017.
How did that happen so fast?
It certainly should give us perspective on how fast things can change. If you are still clueless about how quickly time moves just replay the last five minutes of the Dallas Cowboys season and you can see how fast life happens.
With the year being almost 1/12 complete I want to check in with you and see how you are doing on your personal and professional goals for 2017.
January 20 – A beautiful sunrise over North Texas and the beginning of the transition of power which happens every four years in our great country. It is a new beginning for a new administration, in our country.
In the middle of all of this, there is noise everywhere.
Twenty-four-hour television, get so loud that no one listens
Sex and money and politicians talk, talk, talk
But there really ain’t no conversation
Ain’t nothing left to the imagination
Trapped in our phones and we can’t make it stop, stop –
Kenny Chesney – Noise
There is all this noise yet I wonder how many are listening at all.