Save like the Avengers to avoid a financial Endgame
When it comes to money, the maximum bang for your buck is what you should be aiming for. So if you are spending cash on premium tickets to watch a movie that is well on its way to creating box-office, you might as well take away more than just 3 hours plus of entertainment. Avengers: Endgame, the latest in the series of cult Marvel Comics Superhero movies, offers much more. In fact, you can even take home some sound money advice from the movie.
Here are three investing mantras we can pick up from Avengers: Endgame;
1. Consolidate to deal with big expenses
When it comes to trying to beat Thanos (the evil), it was clear that no one Superhero was enough to take him down alone. They all had to come together to defeat him. It was the combined power of all the Avengers – both physical power and combined strategic planning – that finally helped them go back in time, retrieve the stones and bring back the half of the universe that Thanos had destroyed.
So when it comes to dealing with a big expense, that you may have anticipated – like buying a house, car or for higher education or to start your own business – consolidate your assets. You may find that by growing your savings through right investments, you can actually sail through your big expense without looking for a loan and feel intimidated. Check the status of your insurances, fixed deposits, recurring deposits to know where you are at.
2. Women Power
There is a significant portion in the battle scene where all the male heroes have been sent packing by Thanos and it is left to the women heroes to take him on. We see the combined powers of Captain Marvel, Black Widow, Okoye, Gamora, Mantis, Nebula, Valkyrie take Thanos head-on.
In real life too, there are times when a family will look towards their woman for help – emotional as well as financial. Remember the stories of big businesses growing on the foundation of the gold bangles of the matriarch? The lesson being that it is always a good idea to have a special safety net of savings that are separate from the primary investments of your family. To be used only when absolutely necessary.
3. Small is significant
Ant Man’s superpower may be his ability to shrink and then grow to giant proportions, but he shows us that when it comes to the Endgame, small is significant. It is he who tells Iron Man and the other Avengers about the possibility of time travel using the principles of quantum physics. It is he who shows the Avengers the possibility of going back in time and retrieving the stones to restore things as they were before the destruction caused by Thanos.
Your small savings have this power – of saving the day in the future. What may today seem like a small amount today, will grow to something significant in the future. Do not underestimate the power of SIPs and recurring deposits.