There are many stories of the Joker, as he mentioned in one of the comix, that he doesn’t remember his story and prefers it as different all the time. So it was impossible to decide which one to choose. Luckily the recent movie was directed and produced by Todd Phillips and starred Joaquin Phoenix as the Joker. So it is much better to take that story as a base.
The movie shows us the life of Arthur fleck, a clown and aspiring standup comedian living with his mother in Gotham, a city full of crime. Here we came up with the first lesson on personal finance. Keep searching for a second source of income. Diversify your income source.
The movie shows us that Arthur is a patient with some medical disorder, which causes him to laugh at inappropriate times and depend on social services for medication. Second lesson. Buy medical insurance which is right for you. Social service is, beyond doubt, good. But what happened with Arthur is an example. Cutting in the budget of social service gave Gotham its villain.
One big lesson I learned from the movie is the importance of emergency funds. We saw Arthur attacked by some children who destroyed his prop and made it difficult for him to keep his job. Emergency funds are for that only. Properly using such funds can help keep you from taking a loan for small things. As warren buffest always said, keeping some cash in your wallet can reduce your return, but keeping it in your wallet is better than keeping it in others.
The biggest lesson that I found from this movie is that your illness, mental or physical, can be a massive liability. However, I can say that many governments partially provided some financial help. In addition, some social help groups are working. This can help.
This movie gave some memorable quotes. I found a few very good to learn from them. One is, “Is it just me, or is it getting crazier out there ?” the world outside is beyond doubt, crazier when it comes to vulnerable people. Getting yourself insurance, Keeping an Emergency fund, BUYING houses, and keeping a financial plan are some ways to save yourself.
This movie highlights the situation of the child who is adopted. Whether you search for your biological family or not, at least take information about them from your current family. It helps to check what are the genetic problem you may face. Furthermore, it will help you take better financial care, enabling you to assess the suitable risk.
Keeping a journal is helpful. There are many small; things that we tend to forget. But as they said, Devil lies in the detail. Fineprint and small expenditures are the things that are proving destructive for our finance.
In a time like a financial crisis, keeping your finances in check is the best thing to do.
But the biggest lesson is don’t take any financial class under distress. Keep the option open. Don’t ruin the finance.
