Recently, everyone on the Internet is talking about Squid Game, the latest Korean movie that has swept everyone off their feet. Besides being one of the most popular shows around the world, did you know there are some hidden financial lessons we can learn from it? Let’s dig deep and find out!
1. The Importance of Managing Your Finance
The whole plot of Squid Game is a life-and-death game that involves 456 players who are carefully selected and a reward worth 45.6 million Korean won (USD $38,4 million).
Even though the game is life-threatening, most of the participants still choose to join the game, as they are facing crushing debts that they can’t possibly pay back. This is why managing your finances wisely is very important. A lot of factors need to be considered before you apply for loans, especially the illegal ones, to avoid being in unwanted situations like the players.
2. Gambling Is Never A Wise Choice
We saw the main character Seong Gi-hun, also known as player 456, being a gambling addict who gambled off his mother’s hard-earned money. Despite carrying a huge debt, he still looked towards gambling as his way of earning money, which at the end of the day, brought him more debts.
This shows us that gambling might give you the thrill of earning for a while, but not if you’re looking for a wise way to earn money stably.
3. Don’t Put All Your Eggs In One Basket
Another character, Cho Sang-woo used to be the golden child of the neighbourhood by being an established investment banker in the US. However, due to his greed and lack of research, he decided to invest in a risky product and ended up even committing crime to try paying back his debt.
Investment is all about risk assessment. Make sure you did all your research and only invest what you can afford to lose to avoid going down the rabbit hole and forcing yourself into the corner.
This show is more than a thriller, but also reflects some actual financial issues that people are facing in real life. Do you relate to some of them? Learn your lessons so that you don’t have to join the next Squid Game (if there’s one in Cambodia!)
