Spending money is a lot of fun. But part of the reason for that is because it is simply far easier to spend money than to save it. Some people just weren’t born with the saving gene — a technical term, yes — and others just choose to ignore it. But if you can figure out how to do it, you will end up quite comfortably pleased with how it literally pays off. One way to begin saving money is to look at structured settlements and decide if a lump sum or selling your annuity is a better option for you. While selling your annuity can incur charges or fees of up to 10%, if you are smart with the lump sum that you receive, that 10% will hardly be noticeable. Most people, 92%, who sell their annuity settlement report that they are happy with their choice. And sometimes you can even have your hands on all that money as quickly as 30 days from selling your annuity settlement. But when you get cash for your settlement, hold off on that shopping spree. Kick back and watch a few movies first, and learn a thing or two about your new-found wealth.
What the silver screen can teach you about spending and saving your money
- 1. Wall Street
“A fool and his money are lucky enough to get together in the first place.”
The great greedy Gekko eloquently delivers the first rule of money: don’t be stupid.
2. It’s a Wonderful Life
“I been savin’ this money for a divorce, if I ever get a husband.”
Yes, you’re right, the movie is about lost money and a horrible shareholder and a loan company and all these other things to choose from to learn about money. But Annie cuts right to it. You have to have clear goals and priorities when it comes to your money!
3. Karate Kid
“Canvas. J.C. Penney. $3.98. You like?”
Mr. Miyagi’s response to Daniel’s question about what kind of belt he possesses is simple and honest, and the lesson is twofold: shop frugally, and even if you find yourself rolling in the dough, stay humble and grounded. Nobody likes a show-off.
4. Princess Bride
“There’s not a lot of money in revenge.”
When Inigo Montoya wisely states this, he is speaking from experience. If, like Inigo, it is revenge you’re after, carry on if you must, but know that it will not be lucrative. To start really seeing profit, there are just some things you’ll have to let go, some bridges you’ll have to burn, some hatchets you will have to bury.
5. Citizen Kane
“You know, Mr. Bernstein, if I hadn’t been very rich, I might have been a really great man.”
Mr. Kane hits the nail on the head here. Remember where you came from, and know that being rich doesn’t fix all your problems or magically provide you with eternal happiness. Don’t turn into a snob just because you can afford to.
Saving money is doable. You just have to watch enough movies to figure out how!