What TV Shows and Movies Teach Us About Money

Picture this: you're sitting on your couch, remote in one hand and snacks in the other, ready to dive into the world of your favourite TV show. What if I told you that, amidst the drama, laughs, and action, you're also getting a crash course in financial literacy? Yep, pop culture is secretly teaching you about money—whether you realise it or not. From the hilarious gang in "Friends" to the ruthless tycoons in "Succession," here’s what some of our favourite TV shows and movies have taught us about managing our finances.

"Friends" – The One with Financial Reality

Remember that time Rachel, Joey, and Phoebe couldn’t keep up with the spending habits of Ross, Monica, and Chandler? In “The One with Five Steaks and an Eggplant,” the group’s different income levels lead to an awkward and relatable discussion about money. This episode serves as a gentle reminder that not everyone’s financial situation is the same, and that’s okay! It teaches us about the importance of budgeting and being mindful of our spending habits. After all, not everyone can afford to splurge on concert tickets or fancy dinners, and it’s perfectly fine to say so. And if your own friends are peer-pressuring you to come for something you cannot afford, you can always make up an excuse saying your left “phalange” is missing and cancel the plans.

"Breaking Bad" – The Cost of Risk and Consequences

Walter White might have started cooking meth to provide for his family, but his story quickly spirals into a cautionary tale about the dangers of high-risk financial decisions. His descent into the drug trade shows us the dark side of seeking quick money without considering the long-term consequences. Sure, Walter makes a lot of cash, but at what cost? His empire is built on a foundation of lies, danger, and ultimately, loss. The lesson here? High-risk ventures might offer big rewards, but they come with equally big risks—ones that could cost you more than just your savings. Unless you really want to become the danger and go around town daring people to “say your name”!

"The Big Short" – Understanding Financial Markets

If you’ve ever felt overwhelmed by the complexities of the financial market, "The Big Short" is the film for you. It takes us through the 2008 financial crisis, breaking down complex financial instruments like mortgage-backed securities and credit default swaps into something even we, mere mortals, can understand. The movie drives home the importance of financial literacy—knowing where and how your money is invested can prevent you from becoming a victim of the next financial meltdown. The takeaway? Don’t just hand over your money and hope for the best. Get educated and stay informed.

"Schitt’s Creek" – Humility and Financial Adaptation

When the Rose family loses their fortune and ends up in the humble town of Schitt’s Creek, we get a front-row seat to a masterclass in financial adaptation. The Roses go from living in luxury to learning the value of a dollar and the importance of community. This hilarious yet heartfelt show teaches us that wealth isn’t just about money—it's about relationships, experiences, and sometimes, the simple joy of a homemade enchilada. As the Roses adapt to their new life, we’re reminded that financial setbacks are not the end of the world. With the right mindset, they can be the beginning of a new, more meaningful chapter.

"The Pursuit of Happyness" – The Power of Persistence and Education

Chris Gardner’s journey from homelessness to financial success is nothing short of inspiring. "The Pursuit of Happyness" showcases the power of persistence, education, and hard work in overcoming financial difficulties. Despite his struggles, Chris never gives up on his dream of becoming a stockbroker. His story is a testament to the long-term value of investing in oneself—whether through education, skill development, or just plain old perseverance. The lesson? No matter how tough things get, don’t lose sight of your goals. Financial success often comes from sticking it out through the tough times and continually working toward your dreams. This part of your life is called the hustle, and ladies and gents, the hustle doesn't fail.

"Mad Men" – The Allure and Illusion of Consumerism

Don Draper might be a genius at selling dreams, but "Mad Men" also exposes the pitfalls of consumerism. Set against the backdrop of the advertising world, the show highlights how consumer culture encourages us to spend beyond our means in pursuit of an idealised lifestyle. Draper’s life, filled with expensive suits, lavish parties, and constant consumption, shows us the dark side of keeping up appearances. The key takeaway here? Don’t get caught up in the illusion that spending more will make you happier. Sometimes, less really is more, especially when it comes to your bank account.

"The Wolf of Wall Street" – The Ethics of Wealth Accumulation

Jordan Belfort’s wild ride in "The Wolf of Wall Street" is both exhilarating and terrifying. His story is a rollercoaster of excess, greed, and unethical behaviour—all in the name of wealth. While the film is entertaining, it also serves as a stark reminder of the importance of ethics in financial pursuits. Belfort’s unethical actions eventually catch up with him, leading to his downfall. The lesson? There’s a fine line between ambition and greed. Wealth accumulated through unethical means is often unsustainable and can lead to serious legal and personal consequences.

"Gilmore Girls" – Financial Independence and Family Support

Lorelai Gilmore’s journey as a single mom striving for financial independence is both relatable and inspiring. "Gilmore Girls" offers insights into the balance between seeking financial independence and accepting help when needed. Lorelai’s determination to provide for her daughter while maintaining her independence highlights the importance of financial resilience. However, the show also underscores that accepting support from loved ones isn’t a sign of weakness—it’s a part of life. The takeaway? Financial independence is crucial, but there’s no shame in leaning on family when the going gets tough.

"Succession" – The Dynamics of Wealth and Power

"Succession" dives deep into the cutthroat world of wealth and power, particularly within family dynamics. The Roy family’s constant battle for control over their media empire serves as a cautionary tale about the complexities and responsibilities that come with managing inherited wealth. The show highlights how wealth can both unite and divide a family, and how the pursuit of power can lead to destructive outcomes. The lesson? Inherited wealth comes with its own set of challenges, and navigating these waters requires not just financial acumen, but emotional intelligence as well.

"Shark Tank" – The Value of Investment and Entrepreneurship

Finally, we have "Shark Tank," a show that’s practically a classroom for aspiring entrepreneurs. Watching hopeful entrepreneurs pitch their ideas to seasoned investors offers valuable lessons in business, investment, and financial management. The show teaches us about the importance of understanding your business’s financials, the value of negotiation, and the power of a good pitch. Whether you’re an entrepreneur or just someone looking to better manage your finances, "Shark Tank" is full of actionable insights. Learn and someday, you too can give up a lot of equity for big bucks.

Conclusion:

So, next time you’re binge-watching your favourite show, remember: you’re not just being entertained—you’re also getting a few life lessons in finance. From the value of budgeting and financial independence to the dangers of high-risk ventures and the ethics of wealth accumulation, TV shows and movies are filled with financial wisdom. Who knew that your Netflix habit could actually make you smarter with money? Now that’s something to feel good about during your next marathon session.