- May 6, 2019
Winter is Coming – What GoT teaches us about financial planning.
“Winter is coming” has new meaning thanks to the popular HBO series, Game of Thrones. The series, which debuted in 2011 has become a worldwide phenomenon being HBO’ s most-watched show in history and a franchise worth over $1 Billion. In the United States alone, the New York Times reports that GoT commands 30 million viewers per episode. It’s no small wonder that HBO injects $15 Million per episode into its cash cow!
But aside from epic battles, sizzling romances and tales of honor and conquest, what else can we learn from GoT? RF Assistant VP, Investments, David Slatter says the series teaches some valuable money lessons that, if followed can help individuals survive financial ‘winters’.
“A Lannister always pays his debt”.
Following the pattern of the House of Lannister, one great piece of financial advice is to honor your commitments. That not only means paying creditors on time, but also a commitment to saving. These tips can help you survive financial ‘winters’ or hard economic times.
Beware the Dragons!
As a GoT staple, the Targaryan clan is known for their ability to control their dragons. Similarly, you can keep your financial dragons at bay by managing debt, non-essential spending and accounting for increases in the cost of living. That way those fire breathing lizards won’t lay waste to your financial goals.
“You know nothing, Jon Snow.”
One of the worst things you can do in building your financial empire is to “know nothing”. Learn as much as you can about money management, be aware of your spending habits and get financial advice when you need it. And if you really want to go the extra mile, speak with a professional Investment Manager about building a portfolio. The key tip – the more you know, the better you can plan.