Even though the temperature outside is soaring and outsoaring each day, “Winter” is finally here for Game of Thrones fans after two years. The show is full of twists and turns and much like the show, our financial decisions is a series of fortunate (and/or unfortunate) events that unfold and somehow craft the path that our lives take. There is a lot to learn from this show, especially for our financial well being. Here are a few financial lessons from Game of Thrones characters that fit like a glove for our finances-
Even the fierce Queen Cersei Lannister borrowed money from the Iron Bank so the odds are that people who were not born into as much gold as her might also need to do the same at some point in our life. Whenever you borrow money whether as a personal loan or through a credit card, always remember to pay it back on time. Carrying out your repayments systematically will improve your credit score which will subsequently establish your creditworthiness with financial institutions.
Daenerys Targaryen was not always a Khaleesi or Mother of Dragons or Breaker of Chains and so on. She was a stomped upon by first her brother and then her husband. It was only when she got her dragons (which she has patiently waited to hatch), did she become powerful. A big financial lesson that can be learned here is that- an investment made today can give you larger returns tomorrow if you put your “Fire and Blood” into it.
Robert Baratheon died quiet early on in the show. He was a spoilt king who lived like there is no tomorrow and gave little importance to planning or the future. It is because of this negligence from Baratheon’s side that we have had to endure Lannister after Lannister on the Iron Throne. One must learn how to spend the money that they have today while keeping the future into consideration. Always have some money set aside before you go on partying into the night.
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A lot of times we make the mistake of thinking that things that we kill (or close) will stop affecting us. This is in fact not true. If you feel that closing a credit account on which you have defaulted will miraculously make your credit score go higher, you haven’t been paying attention. Read our article about How Closing Credit Cards Affects Your Credit Score to understand the concept better.
We see how Arya Stark uses many of the faces for disguise and to kill her enemies. Do you know how many people steal other people’s identities to steal their money in a similar way? Although, one can not ignore the fact that Arya was duly punished for the crime she committed. We all “saw” that. But not everyone is lucky enough to catch the criminals. Thus one must always be on a lookout for signs of identity theft. Checking your credit report frequently might help you save the day (and your money).
Margery Tyrell was offered to be the queen twice. Once by marrying Joffrey and then marrying Tommen. Although her good looks, charm, and manipulation had a lot to do with it. The fact that the Tyrells were quite loaded with money that was the most crucial thing in these marriages. Similarly, if you collect assets in your life, they will eventually do all the work for you.
Winterfell has seen some really long winters and the Starks have survived 100% of them (at least until now). Now, the Night King is lurking right around the corner and everyone is prepping up for it. In the same way, financial emergencies can strike at any time. A viable solution for such a situation can be- getting approved for a line of credit. This will ensure that your budget always has a backup at the time of adversities.
Did we miss your favorite character and their financial lessons? Let us know in the comments below. Until next time!
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