Bollywood movies with some interesting financial lessons
Written on Thursday, August 6, 2015
By Team Bajaj Capital
Reel life is always derived/ influenced by real life instances that may be a tragedy or a joyous incident. We watch, laugh, cry and at time we find them motivating but if I say there are few Bollywood movies that actually gave some grave financial lessons, would you believe that?
Here is a list of 5 Bollywood movies that you have most probably watched and have ignored the financial gyan
they effectively conveyed. Let's see if you can relate.
1. Ta Ra Rum Pum
Inthis movie we get very important learning about financial planning. The leadactor, Saif Ali Khan is financially well off as a formula 1 driver but hasunhealthy spending habits. After he loses his job he realizes that he has nosaving and is forced to shed his luxury to move into a locality that doesn'tmatch his status. His wife is forced to take a job and kids are on verge ofbeing thrown out of school. Taking a lesson from the movie, we should always havea financial backup for our not so good days. When you are earning good,maximize your saving and back it up with a term plan, so that you are preparedfor the uncertainties of life.
This movie is a classic example of miscalculated retirement. The lead actor Amitabh Bachchan spends whatever he was earning on the education and other needs of his children. When he retires, he has nothing to back him up and he is forced to depend on his children for every other need. Taking a lesson from this film, we should always plan our retirement days and the planning should be done at an early stage, so that without burning a hole in your pocket you can accumulate a decent retirement corpus.
3. Bhag Milkha Bhag
This movie revolves around the life of legendary athlete, Milkha Singh. If you watch the film carefully, it gave a brilliant message of how important it is for you to set a right goal in life. To reach somewhere, it is necessary to first know where you are headed. This very rightly applies to your financial planning as the primary step towards a worthy financial plan is to set your goals right. Goals can be marriage, children's education, retirement or any other requirement, choose your investment plan accordingly and run for them.
4. Three Idiots
Another interesting movie which made us realize that in life to achieve something you need to follow your passion and not get influenced by decisions your peer group is taking or even a stream your parents want you to follow. If Farhan (R. Madhavan) would have continued his B.Tech he would have lead an unsatisfied life. This also applies to your financial product selection. It is not mandatory to go for plans which traditionally your father has been following as your needs may be different. We often ignore the goal that these products would serve and we end up buying without assessing the need.
5. One Idiot
This is a traditional 30 min Bollywood style movie that effectively conveys the importance of saving in life. It narrates the story of a man who saves systematically from his young age and accumulates wealth over a period of time. It gives out the benefits of early investment and that is what we have been communication to the youth and young professionals. If we have to sum it up in typical financial terms, we would say start a SIP
. It doesn't matter what amount you are willing to invest, initiate with a minimum your pocket allows and let it increase as you earning grows.