Money & Mayhem: 7 Financial Lessons from Your Favorite TV Shows

Sometimes, the most impactful financial lessons don't come from a textbook or a seminar; they arrive through the narratives of our favorite TV series. Dramas, comedies, and thrillers often mirror the same money issues people face in real life—from navigating complex inheritances to the perils of debt and the emotional cost of financial insecurity.

At TallRock Capital, we believe that understanding money is a journey that can start anywhere. Here are seven popular TV shows from Netflix, Prime Video, and HBO Max that offer more than just entertainment; they provide powerful financial lessons that can help you in the real world.

1. Succession: The Danger of Poor Estate Planning

HBO's Succession may be a work of high-stakes, dramatic fiction, but its central plot is a cautionary tale about poor estate planning. The powerful patriarch, Logan Roy, leaves his family and company in chaos by not clearly defining his successor, leading to years of power struggles and legal complications.

• The Lesson: Even if you don't have a multi-billion-dollar empire, avoiding conversations about wills, assets, and future care arrangements can create major conflict and financial confusion for your loved ones during an already difficult time.

• The Takeaway: It's not a morbid conversation—it's a practical one. By creating a proper plan (including a will and a Lasting Power of Attorney), you protect both your assets and your relationships.

2. Squid Game: The Price of Financial Desperation

Netflix's Squid Game captured global attention with its terrifying depiction of a brutal survival game. What unified the 456 players was overwhelming debt and financial desperation. The main character, Gi-hun, represents the reality of how people can get trapped by high-interest loans, gambling, and poor financial decisions.

• The Lesson: Getting out of debt isn't just about paying it off; it's about addressing the behaviors that led to it. Uncontrolled debt can lead to high-risk decisions and a sense of hopelessness.

• The Takeaway: Avoid high-interest loans, take on debt you can realistically repay, and don't hesitate to seek professional help if you're struggling. Learning to manage your money is the best way to avoid a financial crisis.

 3. Breaking Bad: The True Cost of Insufficient Insurance

In Breaking Bad, Walter White, a high school chemistry teacher, is diagnosed with cancer. His journey into a life of crime is driven by a terrifying reality: his health insurance is inadequate to cover his medical treatments. His descent into the criminal underworld is a stark portrayal of the consequences of not having a financial safety net.

• The Lesson: Insurance is not a luxury; it's a critical safety net. Medical emergencies or unexpected illnesses can seriously disrupt your life if you're not prepared.

• The Takeaway: Ensure you have adequate health, life, and critical illness coverage to protect yourself and your family. It's also vital to build an emergency fund that can cover three to six months of expenses.

4. The White Lotus: Navigating the Complexities of Inherited Wealth

HBO's The White Lotus serves as a a subtle commentary on the complexities of money, particularly the stark contrast between inherited wealth and earned income. The show's wealthy guests navigate a world of privilege and entitlement, while the hotel staff struggles with financial pressures.

• The Lesson: The show highlights the emotional and relational baggage that often accompanies wealth. It also offers a cautionary tale about confusing material possessions with true happiness and security.

• The Takeaway: True financial security comes not just from having money, but from managing it wisely, understanding its value, and aligning your wealth with your personal values.

5. Crash Landing on You: The Importance of a Financial Safety Net

The beloved K-drama Crash Landing on You is a testament to love enduring against all odds, but it also offers a compelling financial lesson. Yoon Se-ri, a successful CEO from South Korea, finds herself stranded in North Korea. Her survival depends not only on the kindness of strangers but also on her financial foresight. She's a smart businesswoman who manages her company and wealth effectively.

• The Lesson: The show subtly emphasizes the importance of having a robust financial plan that can withstand unexpected and catastrophic events, whether a paragliding accident or a global pandemic.

• The Takeaway: Your financial plan should be resilient. Ensure you have a diversified portfolio, an emergency fund, and insurance coverage that can provide security even when life takes an unpredictable turn.

 6. The Boys: The Dangers of Unchecked Spending and Lifestyle Inflation

Prime Video's The Boys is a satirical take on the superhero genre, but it's also a lesson in the dangers of unchecked power and celebrity. The superheroes, managed by Vought International, are not only corrupt but also live extravagant lifestyles driven by fame and fortune. They spend recklessly on mansions, luxury items, and lavish parties, all while ignoring the financial realities of their actions.

• The Lesson: The show highlights the dangers of lifestyle inflation, where spending increases proportionally with income. Without a plan, wealth can be easily squandered on an unsustainable lifestyle.

• The Takeaway: Avoid the trap of lifestyle inflation. As your income grows, be intentional with your spending, and focus on investing your newfound wealth to secure your financial future.

7. Business Proposal: The Financial Power of Clear Communication

In the popular K-drama Business Proposal, a young employee, Shin Ha-ri, agrees to go on a blind date in place of her friend, only to discover the date is with her company's CEO, Kang Tae-moo. The hilarious situation, born out of financial pressure, highlights a key financial lesson.

• The Lesson: The show, at its core, is a lesson in the importance of clear communication, both in business and in personal finances. Miscommunication and assumptions can lead to financially complicated situations.

• The Takeaway: Have open and honest conversations about money with your partner. Set clear expectations, discuss financial goals, and work together to create a financial plan that's transparent and aligned.

Beyond the Screen: How TallRock Capital Can Help

While TV shows can offer a fun and engaging way to learn about money, your real-life financial journey is unique and requires a personalized approach.

At TallRock Capital, we can help you take these lessons and apply them to your own life. Our experienced financial advisors can help you:

• Create a Robust Financial Plan: We'll help you build a comprehensive plan that covers everything from budgeting and investing to insurance and estate planning.

• Navigate Complexities: We can help you navigate the intricacies of Singapore's financial landscape, ensuring you're prepared for any challenge.

• Achieve Your Goals: We'll work with you to align your financial decisions with your long-term goals, ensuring your money works for you.

Conclusion:

TV shows are more than just entertainment; they're a reflection of our lives and the challenges we face. By watching with a financial lens, you can gain valuable insights and learn from the mistakes and successes of the characters you love.

Ready to turn your financial lessons into a powerful, real-life plan? Contact TallRock Capital today for a complimentary consultation.

Disclaimer: This blog post is for informational purposes only and does not constitute financial advice. It is essential to consult with a qualified financial advisor for personalized guidance on your specific situation.