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10 Important Money Lessons These Hollywood Blockbusters Teach You

10 Important Money Lessons These Hollywood Blockbusters Teach You
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Movies aren’t just fun distractions. The good ones can pass on wonderful wisdom about our own lives. The great ones can change the way we exist from day to day, including the way we spend our cash.

Here are 10 major Hollywood movies and the money lessons they’ve taught us about good old greenbacks. Spoiler alerts and wonderful wisdom ahead!

1. The Money Pit

The-money-pit

    What’s more surprising than the fact that this 1986 movie starring Tom Hanks and Shelley Long is nearly 30 years old, is the fact that Steven Spielberg produced the box office smash. The main characters become the victims of scammers who con them into buying a house that starts to fall apart the second they move in. Due to the large and increasing amounts of money it takes to repair the home, the residence is dubbed a “money pit”.

    Lesson learned: Don’t fall for slick stories from desperate home sellers, and make sure to estimate your real remodeling expenses prior to signing any contracts or getting any work done on your McMansion. Like a quote from the movie states, “Just because they showed up to collect the money is no guarantee that they’ll show up to do the work.”

    2. The Wolf of Wall Street

    leo-money

      If there is one thing I learned from experiencing the thrilling body of work that is The Wolf of Wall Street is that men like stuff. Fancy stuff. The kind of Ferrari 458 Speciale cars and “ocean kitchen” fish tanks that they lust over on Fatal Dose. In this 2013 film based on the true story of Jordan Belfort, a man who parlays his selling skills into a new wife and wild life as a wealthy stockbroker, we learn that women like stuff, too. However, coveting all that cash doesn’t pan out as planned.

      “You show me a pay stub, I’ll quit my job right now,” Donnie Azoff tells Jordan, proving all that glitters isn’t gold when you don’t truly investigate the source of the riches–and whether or not it lines up with sleeping well at night.

      Lesson learned: Lying to achieve lots of money and buying copious amounts of drugs with our riches isn’t the way to go. Gaining funds by any means necessary is what led Jordan straight to prison and divorce court.

      3. Bridesmaids

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      bridesmaids

        The 2011 comedy starring Kristen Wiig was hilarious, and also quite unique in the way that it showed how income levels can bond or break apart friends. As the film opens, (after that kooky scene with Jon Hamms’ lusty Lothario persona) main character Annie hangs out with her best friend Lillian–played by Maya Rudolph–and they share in the camaraderie of being broke by getting kicked out of their bootcamp class.

        When Lillian’s impending wedding brings a wealthy woman named Helen into her life, who attempts to buy her friendship away from Annie, the true test of how people might react to “friends with financial benefits” comes to light.

        “Help me, I’m poor,” Annie admits during a memorable scene on the plane.

        Lessons learned: The monetary morals uncovered in Bridesmaids are threefold: Don’t let folks buy your love; don’t go crazy trying to purchase expensive decorations you can’t afford when cute, affordable wedding fare sits at our fingertips; and never let a disparity in salaries cause you to drop your bestie. After all, Oprah and Gayle figured it out.

        4. Casino

        casino

          The work of brilliance that is Casino, a feature film directed by Martin Scorsese, puts forth a plethora of gems about money–not the least of which being that you should never marry for wealth, only for love.

          The 1995 movie was based on the non-fiction book by Nicholas Pileggi, whose Sam “Ace” Rothstein counterpart was played by Robert DeNiro. When Ace proposes marriage to a Las Vegas hustler, Ginger McKenna (Sharon Stone), she honestly confesses that she’s not the marrying kind.

          “You’ve got the wrong girl, Sam.” Ginger’s intended should have listened. Instead of accepting the truth that she just doesn’t love him, Sam urges her to “learn to love,” and promises to take care of her monetarily.

          Lesson learned: That fiasco of a marriage-for-the-money taught us that the heart may want what the heart wants, but nuptials shouldn’t become business deals.

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          5. The Great Gatsby

          gatsby

            When I used to read reviews about the classic 1925 novel by F. Scott Fitzgerald, The Great Gatsby, I didn’t understand all the hoopla. It wasn’t until I soaked up the 2013 movie of the same name starring Leonardo DiCaprio and Tobey Maguire that I truly began to realize the exquisite nature of the storyline.

            Once again, here was a millionaire–Jay Gatsby–at the center of the Roaring Twenties, a time of revelry before the stock market crash of 1929.

            “The truth is I’m penniless,” Gatsby had previously confessed to Daisy via letter, and her rejection of him made the main character vow to win both massive amounts of wealth and the woman he loved.

            Lessons learned: In addition to teachings about Gatsby not being able to pay for the affections of the woman named Daisy that he loved and lost twice in his life, we also realize that when times are good, it’s best to save for a rainy economy. Plus, that all-important line about having plenty of friends when you’re rich is also apropos.

            6. Sunset Boulevard

              In the classic Sunset Boulevard, on-screen Hollywood writer, Joe Gillis, is a starving artist down to his last nickels–literally–when he meets the older and wealthier Norma Desmond.

              “Waiting, waiting for the gravy train” is how Joe describes his status with all the other writers hanging out at Schwab’s Drug Store looking for their big breaks.

              After Norma dangles herself, plus her dilapidating mansion and career, in front of his face, Joe takes the bait. However, he shouldn’t have fallen for the trap because it would end up being the same place of his death. When he tries to leave to spend his life with the woman he really loves, Norma shoots him dead.

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              Lesson learned: If you sell your soul to hang out with someone you normally wouldn’t befriend just because they have money, be prepared for them to exert unnatural (and perhaps nefarious) control over your life.

              7. The Passion of the Christ

              passion-of-the-Christ

                In The Passion of the Christ, Judas Iscariot receives 30 pieces of silver in order to tell enemies the whereabouts of Jesus, but he didn’t realize that blood money was the worst kind of money around. When Judas tried to give it back, the church leaders wouldn’t take it because, ironically, they reasoned that they couldn’t have blood money in their coffers.

                I have sinned, betrayed innocent blood,” the one doomed to destruction realized, but it was too late.

                Lesson learned: A life is worth much more than money.

                8. It Could Happen to You

                It Could Happen to You

                  The romantic 1994 dramady, It Could Happen to You, featured Nicolas Cage as Charlie Lang and Bridget Fonda as Yvonne Biasai–a cop and waitress, respectively–who end up falling in love after winning a lottery jackpot together.

                  The complications arise when Charlie’s wife Muriel (played with annoying brilliance by Rosie Perez) goes crazy spending the bulk of the funds as Charlie and Yvonne have fun doling it out through more altruistic means.

                  Lessons learned: Money doesn’t make you. Getting lots of money only magnifies who you already are inside. Money amplified Charlie and Yvonne’s giving spirits while it also brought out the ugliness of greed in Muriel’s philosophy.

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                  9. Moneyball

                  moneyball

                    The 2011 film Moneyball, starring Brad Pitt as the Oakland A’s general manager Billy Beane, reminds us that gaining income can be a matter of changing the way we think after he uses scant resources and a computer-based algorithm to put together a successful team.

                    Lesson learned: Money is mental. Billy shows us that thinking differently about baseball statistics, or any aspect of our lives, can truly bring wealth and riches because our paradigm isn’t like others. It works because he approached the game along with his business partner in a manner that no one was accomplishing at that time.

                    10. 12 Years a Slave

                    12-years-a-slave

                      The greed of the slave masters as displayed in12 Years a Slave, the 2013 film based on the real-life 1853 book of the same name, is what stands out as the biggest monetary lesson learned therein. In the shadows of the Capital Building, free man Solomon Northrup is kept in a slave pen until he is transported south near New Orleans, where he suffers unspeakable horrors along with the other slaves, all because the slave masters want to enjoy the income that their fieldhands and servants provide through hours and hours of hard labor. In the end there is proof that taking advantage of others for your own material gain does not pay.

                      Lesson learned: Greed is bad. Very bad.

                      Featured photo credit: 12 Years a Slave 02/newstatesman.com via newstatesman.com

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                      Last Updated on July 20, 2021

                      Financial Freedom is Not a Fantasy: 9 Secrets to Get You There

                      Financial Freedom is Not a Fantasy: 9 Secrets to Get You There
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                      Have you ever considered your life now, and how it would be if you had more time to spend with your family and less worries about money?

                      Nowadays, financial stress is one of the most troublesome weights in life. If you’ve ever encountered financial stress, you know the difficulty of not having enough income to pay your obligations or bills.

                      Many people say that money is not the ultimate goal of life. While that’s true, money certainly plays a very significant role. The meaning of financial freedom changes with the different phases of our life, but ultimately, it is something that many people strive for.

                      In this article, we’ll explain how to capture that financial freedom you’ve been looking for. Read on to learn the secrets to financial freedom.

                      Break Free of Your Finances

                      Financial freedom is about having a constant flow of cash from your assets to cover all your regular needs.

                      When you are not worried about your income, or living paycheck to paycheck, you gain a great sense of freedom. It’s the freedom to be obtain and do what you truly need to make your way through everyday life.

                      Gaining financial freedom, though, is a process of growth, making small improvements and gaining emotional strength.

                      Though it seems hard to believe, it is really very simple to get financial freedom.

                      To do so, you simply need to make sure that your assets exceed your liabilities. In other words, you’ll need to find the sweet-spot where your residuals meet or surpass your expenses. This is something that you can achieve with the proper plan.

                      While not every person will accomplish financial freedom, the potential for anyone to do so is certainly there. Anyone can achieve this success, regardless of their income level.

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                      Outlined below are 9 secrets that will help you in your goals of achieving financial freedom.

                      1. Stop Unnecessary Spending

                      We often spend money inwardly, instead of objectively.

                      For example, you may spend when you’re anxious, depressed, restless, exhausted, from fear of missing out, or to please others. This is a very unhealthy way to handle your finances.

                      To stop this habitual spending, log down all your spending over the course of a month.

                      Just as some people keep a food diary, keep an expense diary. Remember not to just write down how much and what you spent the money on, also include the circumstances of why you spent the money. Was it an impulse buy at the checkout line or was it something you planned to purchase?

                      This increased self-awareness could enable you to avoid triggering situations in the future when you are considering an impulse buy.

                      2. Plan a Monthly Budget

                      This is a great opportunity to get serious.

                      Take a seat with your spouse or partner and make a monthly budget based on your income, not your expenses. You are never again going to spend more cash then you have on hand.

                      Overspending is the thing that led you to more financial obligations. Make sure you decide every month what is coming in and what will be going out and stick to that budget… no matter what.

                      3. Cut-up Credit Cards

                      Perhaps you are the type of person who always pays your credit card balance in full before the end of your billing cycle, and enjoys the reward points you gain. If this is the case, then you’re already way ahead of the game.

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                      If not, you may want to consider ridding your life of the burden that credit cards bring.

                      Many cards have strategies set up so that if you make a certain number of late payments, they will raise your interest rate much higher. This can really add up in the long run and you won’t be doing your financial situation any favors. If you’re prone to late payments or have a large balance due on your cards, cut them up!

                      Without proper self control on credit card spending and payments, you are basically throwing your money away. To ensure that you have better control over your spending, use only cash or debit for all future purchases (and don’t forget to pay at least your minimum payment on your cut-up cards each month!).

                      4. Increase Savings

                      There is no doubt that for a comfortable retirement you must accumulate satisfactory savings throughout your working life.

                      It’s good practice to save up to 15% of your income.

                      Start with your workplace 401(k), if you have one. If not, a Roth IRA (if you are eligible) or a traditional IRA (if you are not eligible for the Roth) are the next logical steps.

                      Increase in longevity means you might be able to look forward to 25 to 30 years in retirement, or possibly even significantly more. Investing now in good retirement plans will ensure that you have a guaranteed a stable monthly income when the time comes to stop working. [1]

                      5. Invest Wisely

                      Consider investing in funds.

                      Specifically, you will gain higher returns if you invest in different types of mutual funds such as Debt funds, Equity funds and Hybrid funds with a proper balance, although it absolutely relies on your personal preferences and sense of risk taking.

                      To get the most of these benefits, make sure you are investing in a variety of assets. Another resource of investing in mutual funds is SIP (Systematic Investment Plan) where you invest some money every month in funds. SIP works by averaging the per unit price of the stock.

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                      Mutual fund investors are aware of the benefits of an SIP (Systematic Investment Plan). For one, it is the most secure way to invest in equity mutual plans so that wealth is created over a long period of time. This plan also helps you to gain a better sense of financial discipline, which will come in handy in all your financial endeavors.

                      6. Invest in Gold

                      There isn’t really a better way to invest in gold than to have the physical gold itself in your possession.

                      You can purchase gold coins and bars from mints as well as from coin dealers and other private sellers.

                      Another way to invest in gold is through ETFs (Exchange Traded Funds).

                      These are is similar to mutual funds but they are exclusively investments of gold. ETFs are great because they offer more liquidity; the ETF owns the actual physical gold, stores it, and retains the value of the shares. These shares can then be bought and sold in the stock market, and one big benefit is that the transaction costs of gold ETFs are much lower than the that of physical gold.

                      With its consistently-increasing demand, investment in gold can be very wise long-term investment to make.

                      7. Stash Emergency Funds

                      Whether it’s a cash gift or a work bonus, always try to save any extra money that comes your way rather than making unneeded purchases.

                      If you get paid every other week, you’ll get an “extra” paycheck (three rather than the usual two) twice a year. Either save those paychecks towards your emergency funds or utilize the money to pay down other obligations, such as loans, credit cards or other debts.

                      Make it hard to get your cash.

                      Put your savings in an alternate bank, maybe an online bank that forces you to delay for several business days before transferred money hits your regular bank account.

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                      8. Find Fabulous Mentors

                      Find a mentor, such as a friend or family member, who has exceptional control over their finances and pay attention to everything they do.

                      If you do not have any friends or family that are enjoying financial freedom, then find a mentor online! There are numerous blogs and guru websites featuring the advice of many people who have reached financial freedom, and they exist primarily to let you in on how to achieve it for yourself.

                      There are also plentiful forums available that share tips and tricks on how to best achieve financial freedom. Read as much as you can and start changing your habits for the better.

                      9. Be Extra Patient

                      Patience is the key of financial success.

                      Being patient can be quite tough, especially when you’re struggling with your finances, but having faith is worth it. You’ll continuously be on the right track if you are taking the proper steps above.

                      So don’t be discouraged, even if you are only saving a few dollars a month; it all adds up. Within just a few years you’ll look back proudly at your accomplishments and be glad that you had the patience to get there.

                      Financial Freedom for All

                      Anyone can achieve financial freedom, regardless of their financial circumstance.

                      Use the tips provided above to get yourself on the track to financial freedom and toss your monetary concerns out the window. If you wish to achieve a life with financial freedom for yourself and your family then you must adopt a disciplined approach towards your finances.

                      Following the simple secrets above is a great start to making your money work for you, so you can work less and live more!

                      Featured photo credit: rawpixel via unsplash.com

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                      Reference

                      [1] Hartford Gold Group: IRA Retirement Accounts

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