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Lessons about money we can learn from Squid Game

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theschoolofmoneysg wrote a column · Oct 28, 2021 05:26
SPOILERS AHEAD YOU HAVE BEEN WARNED $Netflix(NFLX.US)$

What is Squid Game?
It is one of the hottest tv shows on netflix right now! Squid Game is about a group of cash-strapped contestants who compete for a series of children’s games for a grand prize. Those who lose face deadly consequences. I share abit more of what we can learn from squid game

1) Money is not the root of all evil, humans are
Everybody in the entire series found ways to step over each other when it came to money. this was seen throughout the show where contestants stepped over and turned on each other even though they were friends. while we will always need money in our lives, it is and always should be a means to an end and not the ultimate goal

2) Financial Scams are everywhere
In one particular scene, the contestants participated in a game of marbles. This was where Sang-woo tricked the innocent and kind-hearted Ali causing him to get killed in the show #ripali. there are plenty of people who will take advantage of us and take our hard earned money always be vigilant. This is especially so nowadays where so many financial scams are popping up online

3) Don’t gamble with your money, invest it!
Many of the contestants in the game were there precisely because they had gotten themselves in debt through bad financial decisions. The protagonist, Gi-hun was a gambling addict and it affected his financial situation gravely. I often tell people that being good with our money is about having a clear investment plan and not taking unecessary risks of gambling with our money. For every one person who made big money on $GameStop(GME.US)$ or $Dogecoin(DOGE.CC)$ , there are 99 other losers out there

4) All the money in the world will not make you happy
Perhaps the most ironic part of the show was that the mastermind behind the whole game was a seemingly old and innocent man called Il-Nam. despite having all the money in the world, he died lonely in his bed. We invest to create a better future for ourselves and our families but knowing why we do it and not losing sight of that is important

I think that it is funny how i am sharing this on an investment platform like MooMoo but even as we take our steps into making money on this platform, let us always take a step back to compose ourselves and ask if we are doing it the right way and for the right reasons. With that, happy investing and stay safe!

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