Kaya 959 Reporter
Squid Game is a thriller set in modern-day Seoul that sees 456 cash-strapped players lured into playing a series of children’s survival games to win a sizable cash prize – or die trying.
The Netflix hit show has been achieved massive global success and comes with some really great financial lessons.
Cedrick Pila, Regional Manager at Allan Gray joined Gugulethu Mfuphi to look beyond the contest and shared important finance lessons that resonate in the real word around protecting your finances and the anxiety that economic hardship can cause.
Make better financial decisions.
Squid Game tells the story of people who are struggling with financial issues due to poor choices in life. Spending wisely simply means having the knowledge and confidence to make the most of your money.
No matter how big or small your income is, not overspending is a critical habit to get into. If you’re spending wisely, you’ll find more opportunities to save and grow your finances instead.
“Squid Game reminds us that get rich quick schemes do not lead to good financial outcomes. The theme of financial losses is actually quite prevalent throughout the show. If you are familiar with the characters, the protagonist who has a gambling addiction, he has wrecked up huge debts, and owes a lot of money to a loan sharks.” says Pila
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Avoid get rich quick schemes
Squid Game reminds us that easy money opportunities and “get rich quick” schemes do not exist. Personal wealth takes time to grow.
“There’s also another character from an investment firm, he’s in deep trouble after stealing money from clients, using it on the stock market. He has accrued debt of billions. Similarly to us, we want great returns and we want them now.”
“This ultimately makes us so susceptible to fraudulent activities. Which can happen too anyone, that’s why consumers have to be on guard, especially if you face large amounts of debt, especially when you are in financial stress, especially when you have unexpected expenses, this time of the year, it’s so easy to get lured into get rich quick schemes. ” says Pila
It’s importance to save money
Most of Squid Game’s contestents are saddled with debt because saving takes discipline and a degree of sacrifice. If the thought of saving money feels like a challenge to you, remember there are small things almost anyone can do to set aside some money for the future.
Seek help as before it’s too late
The poor financial decisions of the characters in Squid Game pushed them to a point where they had no one else to turn to and had to resort to desperate measures. Seek help when you stumble into financial troubles, and prepare for them before they happen.
“Financial emergency will crop up from time to time, we’ve seen that in this post pandemic world. If you’re not prepared for them they can have a lasting impact on your finances.”- says Pila
