Hollywood is not typically known for teaching us about the real world. Explosions are perfectly timed for heroes to either jump or walk away in slow motion, and there’s always a random cat in the bushes that snarls.
When it comes to money advice, there are things Tinseltown gets right. Let’s take a look at some of the best money quotes which you can apply to your life.
1. Wall Street
Carl Fox: “Money’s only something you need in case you don’t die tomorrow.”
Why it’s so good: Do not fool yourself, money matters in this world. The 1st half of the quote has you thinking it is merely another romantic observation on how money is not everything in life, or that money can’t buy happiness. But by the end of the quote, you realize money is quite important since you probably will not die tomorrow. You have future financial needs that you will need to pay, so you better start preparing for them now.
2. Fight Club
Tyler Durden: “Advertising has us chasing cars and clothes, working jobs we hate so we can buy shit we don’t need.”
Why it’s so good: Rule number one is that you should not talk about Fight Club, but this quote is too good to skip. Lost in our consumer driven economy, we try to lose track of what is really important in life. Instead of reducing being dependent on a job we hate, we tend to find happiness in material things being thrown in our faces by the day. Before you know it, you are living in an over-sized house stuffed with expensive ignorance. You are spending every paycheck trying keep up with the Joneses, who truth be told, are not that happy themselves and have the debt to prove it. Think about what makes you truly happy in life before spending money.
3. Boiler Room
Jim Young: “And there is no such thing as a no sale call. A sale is made on every call you make. Either you sell the client some stock or he sells you a reason he can’t. Either way a sale is made, the only question is who is gonna close? You or him? Now be relentless, that’s it, I’m done.”
Why it’s so good: Making a sale does not just apply to professional salesmen. Everyone is trying to make a sale in life by selling themselves. You are trying to sell yourself when dating, interviewing for a job, or any other situation where you are trying to convince another person you are a good bet. You either succeed in selling your qualities to an important romantic interest or employer, or you do not. Those who sell themselves best to employers stand to make more money.
4. The Wolf of Wall Street
Mark Hanna: “Number one rule of Wall Street. Nobody, I don’t care if you’re Warren Buffett or if you’re Jimmy Buffett, nobody knows if a stock is gonna go up, down, sideways or in fucking circles, least of all stock brokers, right?”
Why it’s so good: This is brutal honesty at its best. Countless hours are spent analyzing news and how it affects stocks, but in the end, no really knows what will happen. The market is full of irrational investors. Trying to predict what they will do tomorrow is a fool’s game. Even confident high-paid analysts in fancy suits appearing on TV often get the market wrong. Alternatively, try to minimize your fees and trading activity, and allocate capital appropriately in regard to your risk tolerance and life goals. Nobody cares about your financial future as much as you do, and nobody has an unblemished crystal ball.
5. Margin Call
Will Emerson: “I was a little shocked initially, but then I realized I could claim most of it back as entertainment. It’s true!”
Why it’s so good: This exchange between three bank analysts encompasses several key lessons in personal finance. First, no matter how much money you make, it’s never enough. People routinely find ways to spend any raises or bonuses that come their way.
0 comments:
Post a Comment