‘Tis the season for a bit of holiday cheer! What can we learn about financial planning from some classic Christmas songs? These tunes we sing along to every year carry some great metaphors and lessons if you know where to look. For instance, we all know Rudolph the red-nosed reindeer was made fun of and overlooked, but turned out to be a great asset on Christmas Eve. What kind of financial decisions and products are more valuable than some people realize at first glance?
As you listen to some of your favorite holiday songs, listen to see if you can hear the financial lesson buried under the wishes for snow and “ho, ho, hos!” Understanding what your financial plan is and what you’re trying to accomplish adds a tremendous amount of confidence and clarity on how to proceed with your financial decisions.
Here’s some of what we discuss in this episode:
- The real cost behind “The 12 Days of Christmas.”
- The power of compound interest.
- The benefit of an undervalued asset like “Rudolph the Red-Nosed Reindeer.”
- When “Grandma Got Run Over by a Reindeer” what happened to her spouse?