I love movies. From action to sci-fi, I just love the fact that it entertains me and takes my mind off of work. But above and beyond that, I love that from each movie that I watch I see nuggets and principles in personal finance and investing that I can use in everyday life.
For this article our OFW specialist Therese Domingo will share investing reminders from Tom Hanks’ movies!
This week, I would like to share my learning from the Wealth Management Workshop I am currently taking with the help of some of Tom Hanks’ famous movie quotes. I am humbled and truly blessed to be affirmed of the career path I want to take. Let’s continue the journey to financial freedom with the help of one of the best (and one of my favorite) leading actors in Hollywood of all time. Why Tom Hanks? Because no body could ever forget his role portrayals in Forrest Gump, Cast Away, and You’ve Got Mail. And yes all these movies are in the 90s. Here they are:
1. Forrest Gump (1994), “My momma always said, “Life was like a box of chocolates. You never know what you’re gonna get.” What type of investor would relate to this? Let’s find out. Imagine the box of chocolates refers and consists of the different investment vehicles that can be chosen to park one’s surplus of income or savings. This could either be Special Deposit Accounts, bonds, equities, properties, commodities, to name a few. In this case, the investor should first study the different types of investment vehicles before choosing. Here, the investor should know what to get. Remember, hard-earned money is going to be put in with a preferred and comfortable time frame so in the end, that specific financial goal will be met. Unfortunately, there are still an alarming number of Filipinos that fall for scams, looking at it as the greatest investment vehicle, only to lose every centavo. They follow this movie line, blinded by the promises of their investments being guaranteed. Remember, people invest in the hopes of achieving a profit, but is always at risk of making a loss. This is your life, and the greatest gift you could ever give to you and the people you love, are sound and informed choices.
2. You’ve Got Mail (1998), “Do you ever feel like you become the worst version of yourself? That a Pandora’s box of all the secret hateful parts has sprung open.” Sometime in a person’s life, this can be experienced. In finances, this could mean that a person is deep in debt against credit cards, home loans, personal loan, a person who invested in a scam, etc. Unfortunately, this happens to a lot of people. In every trial, one can always choose to overcome it. Financial mentors I look up to now, have gone through their dark ages, but are now sharing their learning, blessing other people through their past, and have surpassed the eye of the storm in their financial lives. What inspires me most about them is they don’t just stop in addressing these past financial issues, they bring with them hope, that it’s not too late to face your fears head on, go through with it, and overcome it.
3. Cast Away (2000), “The most beautiful thing in the world is, of course, the world itself.” What is the purpose of financial freedom? To enjoy this beautiful world we live in, with the people who matter to us, spend more time and build beautiful memories with them. Securing one’s future couldn’t even be more highlighted in every book, blog, website, seminar, TV show, radio segment by all Financial Advocates out there. Also, keep in mind that most life dreams would need some funds for it to come true. Don’t ever let this stop you. It does not matter how much you earn, what matters is how you manage your income, and where you invest your savings.
Much has been renewed, reawakened, and relived in me since this month started. In just a few weeks, even my career path is heading towards the direction of a financial planner. I am loving my job more, and like my financial mentors, I wish to help more people plan for their future. Tom Hanks has been very helpful in this journey to financial independence.
Therese Domingo, is an investor, aspiring entrepreneur, AFP, and a member of the Qatar-based group, OFIE-M (Overseas Filipino Investors & Entrepreneurs Movement). She is empowered to finish strong and be a living testimony by sharing her journey to be Financially Independent.
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If you’d like to learn more how to invest in the stock market and learn how to make your money work hard for you. I’d like to invite you to our upcoming events
- October 24th Stock VS Forex Reloaded
- October 25th How to Compute for the Target Price of A Stock? (Special Session)
- October 25th Stock Smarts: Basics Manila (Afternoon Session)
- November 5th Retire 2014 Reloaded (Manila)
- November 13th How to Find The Perfect Timing in Buying and Selling Stocks
- November 22nd Winning Strategies for Investing Singapore
- November 22nd Associate Financial Planner Singapore 2014
- November 27th Modern Technical Analysis: Chart Patterns and Oscillators
- November 28th Stock Smarts Davao – Basics, Fundamentals, and Technicals
- December 5th Stock Smarts Singapore 2014 (Basic) – Day 1
- December 6th Stock Smarts Singapore 2014 (Technical Analysis) – Day 2
- December 13th Market Outlook and the Top 10 Stocks for 2015!
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*pictures via google