Money Lessons from the Money Heist: Do you want to be the next Professor?
After completing the fourth season of “La casa de Papel”, popularly known as “Money Heist” (a Spanish Netflix series, just in case you didn’t know), I feel compelled to vouch for The Professor as the epitome of beauty with brains.
Also, it made me wonder, we all must have wished our wealth managers would say it just once as The Professor did, “The plan is designed to survive any setbacks, including my death.” Didn’t we? But what if the wealth managers, like The Professor, had a master plan? It’s thrilling, to say the least. Isn’t it?
Alright, I’ll stop asking questions and instead tell you how you can become The Professor and put an end to your own financial heist; if you don’t have a wealth manager doing it for you.
- Plan like a master: The Professor is a chess expert with excellent visualization and faith, allowing him to plan even the most minute details of the heist. If you can’t see all the pieces on your chessboard, you can’t organize it. Isn’t it? The more well-thought-out your strategy is, the fewer challenges you’ll encounter in the future.
- Capitalize your strong suit: The Professor lacked the brawn when he planned the first heist at the Royal Mint of Spain. He did, however, have the wisdom and brains to design and implement such a mindful plan, and he took advantage of it. Hence, it’s time you focus on your strengths and believe in your success. Know what you’re great at and capitalize on it.
- Put extra effort into research: Before actually gathering the whole heist gang, The Professor spent years researching the lay of the property, identifying how the surveillance system works, and studying everything there is to know about each member, including their personality, strengths, and weaknesses. It is your hard-earned money, so you should also do your research and never waste it on any poor bets.
- Work out a plan (Backup plans too!): If there’s one thing anyone should know about Money Heist, it’s that everything always goes wrong! Plans are constantly derailed in this show, whether it’s Tokyo making reckless decisions, or the gang members being shot or killed. The Professor had to plan thoroughly for pulling off a heist without killing anyone and escaping with their loot and lives. The success of any endeavor, especially a financial one, is dependent on cautious planning. You should have a plan B, as well as a plan C, D, and so on, as you never know what might happen in the future.
- Don’t get sidetracked; stick to the plan and keep going: Even though the Professor is thorough, observant, determined, and goal-oriented, there are times when he disappoints the entire team and wastes their efforts. There will always be circumstances that cause us to lose focus. Don’t let yourself get off track. Get back up, dust yourself off, and restart. The real challenge is to move forward.
- If you’re emotional, you shouldn’t make major financial decisions: If there is a competition for impulsive decision-making, the gang members will definitely win. I wish I could keep track of how many times I’ve screamed at the screen because of their rash and stupid decisions. If you let your feelings get the best of you, you only end up doing more harm than you imagine. Don’t go on a spending spree after a breakup, or agree to an intriguing investment product you’re unsure of. In short, don’t make major monetary or life choices when you’re feeling a mix of emotions.
- It’s not a race; take your time: When the gang members agreed to take on the job, they were all aware that obtaining all of the money would take time, effort, and a lot of danger. Any unplanned or clumsy move can lead to their extreme misery, arrest, or, in the worst-case scenario, death. Likewise, your dreams have no time limit. Don’t try to move too quickly. More importantly, don’t compare your accomplishments with anyone. Simply get to the finish line slowly, and cross it.
Don’t try to do everything on your own: The Professor Didn’t
The Professor knew that no one else could plan and coordinate as well as he could, so he undertook all of the planning himself. Nairobi could handle the gold melter’s team well, so he delegated that task to her, while Tokyo had leadership qualities, so he let her lead the team when necessary, and so on. He chose to assign tasks according to areas of strength and weakness to reap the maximum benefit. Similarly, you can’t do everything on your own. When it comes to major financial decisions, someone with planning skills, such as The Professor, who can plan your finances, and balance out the risks, is the best person to consult.
For more information, reach us at [email protected]
Written by: Arpita Chatterjee
Team, MyGoalMySip.
Download now: PW Insider: March 2022 Edition
Read Next: PW Insider: July 2022 Edition
