Who says watching Netflix is a waste of time? Shows on the platform have intense depth, heartwarming stories, and some of the most memorable characters in television history. Also, they can teach you about finance. Here are the five money lessons you can learn from these popular series.
1. Stranger Things - know what you sign up for
Ever wonder how Eleven got her powers? It’s all thanks to her mother, Terry Ives. Mrs. Ives was paid to participate in MKUltra, a secret government experiment that pumped her full of the psychedelic substances that produced her telepathic daughter, and left her a broken shell.
Now, it’s not very likely that you’ll end up like Terry if you go into your finances blindly. However, you could end up paying for what you don’t know - a company isn’t going to tell you that their credit card has a high APR or crazy fees. Doing your research and making sure that you know exactly what you’re getting into will keep you from being a “mouth breather”.
2. The Crown - history influences your future
In a series so focused on lineage, upholding royal values, and the events of the past, it’s easy to see the effect of one’s forefathers and parents. The royal bloodline carries a certain weight, and it's not one that is easily abandoned. In the same way, every person has a financial history too, in your credit score. Every loan, each payment, buying a house, renting a car - it’s all based on your credit. It’s fair to say that having good credit will change your life for the better, so making good decisions now will make sure your future is bright.
3. Avatar: The Last Airbender - get someone that has your back
Aang is a powerful airbender who has the unique ability to master all four elements. However, we all know Aang could never complete his journey without his friends Katara, Sokka, Toph and Zuko. In finance, it’s good to have a partner that can carry you to the finish line as well. Whether you use apps like Boro to help you budget, track spending and build credit, or you use a financial advisor, there’s no reason to go into the world of finance alone. Bring an ally to back you up.
4. The Queen’s Gambit - prioritize your (financial) health
Beth Harmon is a savant at chess, earning thousands of dollars while pursuing her passion. Unfortunately, this comes at a cost to her health, abusing tranquilizer pills and alcohol until she had to dig her way out of that self-destructive spiral. While it’s important to take care of your physical and mental health, taking care of your financial health is just as critical! Hospital fees, losing your job, and illness can occur at any time. By prioritizing your finances, you can ensure you get the support you need when you need it.
5. Pose - invest in your future
Pose follows the 1987 ballroom scene in New York, where “mothers” find innovative ways to invest in their crew’s outfits to win dance competitions. To win the game of finance, you’ll need to start investing your money, or put it in a savings account. This ensures you have a constant trickle of income coming in from interest, and the cash you need to make sure you’re ready for anything!
Hopefully, you can go back to your Stranger Things binge with a new insight, looking for any other money clues in your favorite Netflix series. If you have any other series to suggest, let us know!