Millennial Money: 4 takeaways from Netflix's money shows
A personal finance writer evaluates the lessons from Netflix’s “Get Smart With Money” and “How to Get Rich,” including the internal work it takes to determine your financial goals
In the past year, streaming service Netflix has released two financially focused offerings: the film “Get Smart With Money” and the series “How to Get Rich.” Both feature powerhouse financial influencers who help people reevaluate their approaches to money to educate and empower them. Here are four takeaways that you can apply to your own life, no matter your financial situation.
TAKEAWAYS FROM ‘GET SMART WITH MONEY’
The “Get Smart With Money” documentary features well-known financial writers, bloggers and podcasters who share their expertise on how to become better at managing money. Here are a couple of lessons they imparted.
1. EMOTION MANAGEMENT IS KEY TO MONEY MANAGEMENT
In “Get Smart With Money,” some of the featured participants were dealing with significant debt or with the challenges of living paycheck to paycheck. The stress, fear and frustration that come with money can significantly impact how you manage it.
Tiffany Aliche, a financial educator also known as The Budgetnista, talks through this fear and encourages people to face their money head-on to see what they owe and where they need to save more. If you’re afraid of your money, that’s going to affect how you manage your money, she says in the film.
2. MONEY IS A TOOL TO HELP YOU CREATE THE LIFE YOU DESIRE
Aliche tells one of the show participants to create a “dream fund,” a special savings account for goals outside of regular bills and emergency fund budgeting. This takeaway is a great reminder that money is meant to be used for things that will make you happy in addition to
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