Netflix Series Money Heist – If your friends have been discussing the roles of Nairobi, Tokyo, Berlin, or Madrid for a while and you have been thinking about what is going on, it is not an enhanced interest in geography or geopolitics. Rather, they have been following Money Heist.
This Netflix Series is a Spanish crime drama television series that has taken the world by storm. As the professor planned the two successful heists during the five seasons, the Series is popular for its gripping action and attention to detail.
Several investing lessons can be drawn from Money Heist that can help you in managing your money better.
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Here are the key investing lessons from Money Heist:
- Do a thorough research
One of the biggest reasons why Professor was able to pull off unimaginable two heists – Bank of Spain & Royal Mint of Spain – especially because he spent years researching the various parts related to the heist.
Similarly, you need to do thorough research in your investing journey as well. You need to weigh all the pros and cons related to the investing mediums you are considering. Good research will help you get clarity about the possible challenges and opportunities that can help you get ahead in your investing journey.
- Have a plan and a back-up
One of the reasons why Money Heist was so popular among its viewers was the fact that the Professor always used to have a plan and a backup plan in place in case the main plan failed. It is supposed to be similar to your investing graph.
You need to have a plan in place which helps you understand your current state and the desired state. You need to have your goals marked and have a route that will help you reach your goals. At the same time, it is important to have a backup plan ready so that you can make changes as per the requirement.
- Stick to the plan
Several situations in the Series demanded that the crew members take impulsive decisions and deviate from the plan. It was learned that situations, where they were able to stick to the plan, worked out well in the end as compared to a few situations where Tokyo or some other character deviated from the plan.
It is similar in the investing journey as well. You will face several challenges on the way but you should stick to the plan rather than making ad-hoc decisions.
- Do not make decisions when high on emotions
There were several instances in the show when characters like Tokyo, Denver, and Berlin took decisions when they were high on emotions. It was clear in those moments that the decisions they took when high on emotions were costly not only for the plan but for their own and the lives of the other crew members.
It is similar to the investing journey. You would be better off not taking decisions when charged with emotions. For your investments to work as per plan, you need to be rational in your decision-making process. Make sure you do not invest your money based on emotions or go on a shopping spree just to move away from the pain of a breakup.
- You may not get it right the first time
Whether you were in the team of the Professor or the team of Tamayo, always remember that even they did not get everything right the first time. For instance, while Tamayo faced many instances of humiliation due to the mistakes he made, he was able to get a few things right which tested the mettle of Professor’s plan.
Similarly, you need to go by trial and error in your investing journey to figure out what is right for you and what is not. It is important to learn from your experiences and not make the same mistake again.
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- Money is not everything
Even as the Series is built around the plot of looting money and all of them signed up to find solutions to their problems by getting money in case of a successful heist, it was not always about the money. For instance, for the Professor and Berlin, it was about the family they came from, and even for the crew members, there were a few occasions where they put money at risk to ensure that the other crew members were safe.
Similarly, you need to ensure that you keep your relations with your family, friends, and your loved ones on priority and do not make money as the only priority in life.
These are some of the investing lessons that you can learn from Money Heist. Make sure you remember them as fondly as you remember the various episodes and journeys of various characters in this crime action Series.
