Get Smart With Money - Netflix Documentary
Netflix documentary Get Smart With Money
Last Saturday, I watched the documentary Get Smart With Money on Netflix. As we all know, it is currently looking at how we can best deal with our money now. At least since I was told the estimate of my monthly energy amount from the energy company, I have been working on it. Well no, actually not quite that either. I've always felt like I'm a pretty frugal lifestyle. What you don't have, you can't spend, they sometimes say. I don't have it bad either, I've known. But I don't really have left either. Still, I want to keep my ears and eyes open for tips. Also towards the future and especially in view of these times. It seems like I'm even more focused on it now. For example, I have already taken drastic measures in the house, as you could read in my previous blog about saving. If you missed it, you can read it here. https://yoo.rs/besparen-op-vier-belangrijke-onderwerpen-gas-water-licht-en-boodschappen?Ysid=101989
Saturday night
As I said, I was going to make time for Netflix. I did some scrolling and came across a documentary Get Smart With Money. I thought at first, yes there you have another one with tips, I know all. But still, I was curious about it and started the documentary. It is about four people who are supervised by financial advisors. For example, we see a mother who had built up a debt burden of over 100,000 dollars in the past and now. We see a rugby player who made a lot of money, but at one point found out that he had spent quite a lot of money and his contract was terminated and he ended up at 0 income. We see an artist who has two part-time jobs in the hospitality industry as a waitress. We see a family that has earned so much money who want to retire earlier to make more free time for the children. Different situations. And yet, in line with the story, you saw that ultimately it's about how you handle money smartly. https://www.netflix.com/nl/title/81312877
What did I learn about dealing with money?
A few things were said nicely by the financial advisors. For example, one of them said: “We have always learned to see money solely as a means of payment. But we never learned to invest. Invest in ourselves by using money as a means to achieve your goals” Something to think about. If you invest in something, it can get bigger. You can also lose, but we should not always assume just losing, because you can also win. Money Makes Money. Ho, stop I'm going to think and that's how I'm thinking about the documentary and thinking: I'm really not going to invest my money in investments or anything like that right now. But investing does not always have to be big and with a lot of risk. Investing starts with you. What do you want to invest in? In your home? In your kids? In your hobby? In Yoors? You can build something if you use money well. And then another financial advisor came by who said, “Split your money that comes in into five parts and make 5 jars, namely your mortgage, your fixed costs, your groceries, your emergency pot and a happypot. I already did mortgages, fixed expenses, groceries. But then it came. emergency pot and happypot. I don't have that damn pot, because I never have any money left. That's mixed up here, or it just won't be replaced. I don't have that happypot either. I hardly ever do anything for myself. That was the eye opener for me.
What am I going to do?
When you say in emergency pot, “I never have that money left,” That's actually nonsense what I say there. Because if I put 20 euros in that emergency pot every month, I have 240 euros after a year in that jar. If your iron breaks, for example, you can buy it immediately. Iron costs about 30 euros. Do you have 210 euro left. Can something break down, to put it flat, no joke. But you get it. We need to split our money. A happypot is also important to make. This is how you reward yourself every now and then, because it is quite hard work if you have to keep all the balls in the air every day. So I may reward myself with a nice thing, for example day out, nice book, etc. But it's not the most important pot, since you should always keep in mind that you should be careful not to spend too much money and you run that risk if you lump your money all together. So the happypot is coming! Then you are always happy and you never have the surprise that you buy things that you can't afford. I've never done that, but it doesn't matter. So I do it purely because I never create happy moments for myself. What if I make 5 jars and put 20 euro in each jar? Always handy. If you have money left over once, you can also divide that money over those 5 jars. For the energy bill, I will also save separately every month, so that I won't be surprised in June next year. I'm going to be surprised anyway, but you get the idea. You just have to do things. Actually, you can also throw all the money on a bump, but it is better to separate into jars, because then you have more overview. I am very focused on all the leaflets. Today chicken breast. 600 grams at one supermarket for 6 euros, the other supermarket 1 kg for 800 euro. We have to have that kilo, because there are five of us living here and if I take 1 kg I have a meal for twice and 600 grams is just not convenient for 5 people. Dividing the portion in half is just too tight and 600 grams for once is just a little too much. See how you can keep thinking about things? I'm excited and I'm going to try it all. We can be genuinely afraid of money, but we can also try to use our money in the best way.
+20 YP
