Game of Thrones is not just a famous TV blockbuster, but also a good source of life wisdom and strategies. We analyzed the experiences of heroes who have been in the game longer than others, and we advise you to use their principles in financial planning.
In the first episode, we find ourselves in the North and find out that winter is coming. She is not the first: Stark mentions the Long Night — winter, when the White Walkers appeared and the Wall was built to protect against them.
Every child in Westeros knows that «the night is dark and full of horror.» Nevertheless, the Guardian of the North Ned Stark does not prepare for future hardships in any way: there are not enough supplies in his native castle Winterfell, and he himself, being the right hand of King Robert, is busy with anything except survival plans — and quickly dies.
Solving problems as you come is a poor strategy for personal finances. Formulate goals, analyze opportunities and make an action plan
The economic history of Game of Thrones begins with King Robert Baratheon owing 6,000,000 gold to the Iron Bank of Braavos and the Lannisters. Endless feasts and hunts had made a hole in the treasury, while Robert’s tax policy left much to be desired. After his death, young King Joffrey, instead of taking care of the debts, signed up Icelandic musicians Sigur Rós for his luxurious wedding.
If both spent their money cold-headed on improving the economic climate, provisions for warriors, weapons, agriculture, or the navy (like Tywin Lannister or Olenna Tyrrell), they would have a better chance of surviving and preserving wealth.
Emotional and exorbitant spending ruins the budget. A vacation on credit, a bag for the last money, and even a cake bought to seize up sadness are unnecessary expenses that also quickly become a habit. A systematic approach will help protect you from them. Set up automatic account payments and automatic replenishment of your savings and investment accounts on payday. Set reasonable limits on the rest of your purchases in the banking app.
There are dozens of storylines in Game of Thrones, making Daenerys Targaryen one of the most instructive. The Mother of Dragons is arguably the most patient and forward-thinking player in the Seven Kingdoms. (Note: It looks like this text was written before Episode 5 of Season 8). Having started in the first season as a beggar widow with three dragon eggs, by the eighth season, she had conquered half of the world. Lord Varys described this strategy poetically: «The winds are raging, the waves crash against each other, the big fish devour the small ones, and I continue to row.»
Act — little by little, consistently and in one direction, like Daenerys: for
At various times, the king’s hands and advisers were Ned Stark, Tyrion and Tywin Lannister, Lord Varys, Petyr Baelish. Those rulers proved to be successful, whose advisor was clever. Without Jorah and Tyrion’s clues, Daenerys would hardly have made it to King’s Landing. And Jon Snow without Sam Tarly would never have learned about the properties of dragon glass and the secret of his birth.
It is expensive to maintain your own right hand, but it is simply stupid to refuse the help of experienced financiers in matters of investment. Effectively and
Petyr «Littlefinger» Baelish is one of the smartest inhabitants of Westeros. Others lose everything in a crisis, because they act according to their usual patterns. Little finger tries new things and wins, guided by the principle «Chaos is a staircase up.» Something like the immortal Buffett: «Buy when blood is pouring on the streets.»
The classic way of saving — a bank deposit — has long ceased to be profitable; it is used out of habit and out of fear of trying new things. In vain: this way you will definitely lose money. Robo-advising is one of the most modern tools for small investments. Read
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