Image from Mastercard
Maybe I just miss Game of Thrones hence the said
post for today. Since the last episode can’t help but wonder what would happen
next. To those who read the book, I am certain you already know but for
individuals like me who didn’t we will have to wait.
Game of Thrones is one of the hottest series to date. Ok I know
you have different connotation with the “hottest” word in there since the
series after all involves sex and violence. However, let us see the series in
another perspective and that is the financial side of it. I know George RR Martin
is racking millions because of the series but undoubtedly there are hidden and
not so hidden lessons about money and finances. Here are a few:
Winter is coming, be prepared
This has always been the warning by inhabitants of Westeros
in the series. Well in our lives we also need to prepare for our personal
financial winter. This involves unforeseen expenses and even emergencies. Anticipate
circumstances like losing a job and what not. That is why, it is always best to
build up your emergency fund. Allot a portion of your salary to that. You may
also create a rainy day fund.
A Lannister always pays his debts
They might be one of the most hated families in the series
however there is always something good with the Lannisters. And that is being
able to pay their debts. To be financially stable and wealthy, debts must be
eliminated. If you are starting in this path, it is always suggested to pay off
your debts. Debts are after all chains that can drag us down. Not to mention
the horrifying interest rates, penalty charges and the collection agencies. Hence
better pay off your debts fast.
If another house can seize one of our own and hold him
captive with impunity, we are no longer a house to be feared.
Tywin Lannister’s hunger for power and control is evident in
the series. That is why; he manipulates things and even individuals to his favour.
He wants control. And this is something we can learn from him. We must be able
to control our money. Start by writing your expenses so you will know where
your money goes. Keep track of your investments and your portfolio. Make sure
you know how to handle your money or your money will control you. Use it as a
tool to better yourself so you will not be a slave of debt and poor financial
management.
There’s more to violence and power that revolves around Game
of Thrones. There are financial tidbits that we can learn from every character
and their experience. Hence, when you watch Game of Thrones next week, look for
new lessons that can financially help you. I for one can’t wait for the next
episode.
P.S. To those doing the 52 Week Money Challenge and 52 Week Money Challenge Version 2, it is Week 21 already! Did you deposit the next amount yet?
P.P.S Want to know more about investing, savings, stock market and more, check out my reference here. You can download free ebooks and resources too.