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    Five money lessons to learn from the Sacred Games

    ET Bureau|
    A different POV
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    A different POV

    Set in Mumbai's seedy underworld, the Sacred Games series is about power politics and crime. But it also offers lessons that can help people handle their money better.

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    Practice and patience pays off
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    Practice and patience pays off

    Gaitonde’s rise from the garbage dump to becoming the king of Gopalmath did not happen overnight.

    Many of his ventures failed, he bore financial losses and also dropped team members who harmed his business. Nevertheless, he remained patient and dedicated to his cause and eventually triumphed.

    Financial Takeaway: Do not expect your investments to zoom overnight. Be patient with them. A disciplined approach to investing with a longer time horizon will make your money to gain from the power of compounding and minimise the risk of losses.

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    Have a plan
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    Have a plan

    Sartaj and Anjali chased the same goal—to find the danger surrounding Mumbai—but with different approaches. Sartaj was methodical and strong-willed while Anjali’s decisions were impulsive and hurried. While Sartaj succeeded in discovering the attack plan Anjali failed in her endeavour.

    Financial Takeaway: There is no easy and quick way to build wealth. Different life stages require different tactics and savings vehicles. Get rich slowly by making smart financial moves—saving early, investing based on goals, insuring yourself against disaster, among other things.

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    Team can make or break your venture
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    Team can make or break your venture

    Differences between Bunty and the Badariya brothers in Gaitonde’s team caused heavy damage to him and his business, both financial and personal. Further, Bada Badariya betrayed Gaitonde by teaming up with his rival Isa, which led to the death of his most trusted ally Paritosh

    Financial Takeaway: When you run a business, you don’t put money in your idea but in your team. Apart from having adequate capital and resources, building the right team is very important for the success of your venture. Like mindedness amongst team members is as important as getting along with the head of the team.

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    Take professional advice for managing money
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    Take professional advice for managing money

    Much of the credit for Gaitonde’s success goes to Kanta Bai. When Gaitonde was trying his hand at different lines of work she advised him to venture into the dump yards, as they had most of Mumbai’s money. Running a thriving liquor business herself, she prove to be a useful adviser to Gaitonde in building a successful business.

    Financial Takeaway: It pays to seek professional help for your money. Even if you invest yourself, a financial adviser can assist you in balancing your investments over time, diversify your portfolio, plan taxes and with estate planning. Professional advice will be useful especially for those who lack knowledge and time to invest in the market.

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    Keep emotions at bay
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    Keep emotions at bay

    Gaitonde’s business was faring well until he let his heart make decisions for him. Revenge for his wife Subhadra’s death amidst communal riots landed him in jail and his business into shambles

    Financial Takeaway: Do not let emotions influence your buying and selling decisions. It can leave you with potentially lower returns. If you are investing through SIPs, do not stop or pause when the markets fall. If you pause out of fear of losing money, you won’t benefit from the subsequent market rebound. Keeping emotions out of investments will give you a better chance of success with your investments.

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