5 common money mistakes in popular movies

DDerek November 22, 2023 7:02 AM

We all love watching movies. They provide us with entertainment, inspiration, and sometimes, education. However, there are occasions when even the most popular films make glaring money mistakes. Whether it's a misrepresentation of how finance works or unrealistic money scenes, these errors can be both amusing and misleading to the audience. In this article, we'll look at five common money mistakes in popular movies.

1. Unrealistic Lifestyles

One of the most common money mistakes in movies is the portrayal of unrealistic lifestyles. Characters often live in lavish houses, drive luxury cars, and wear designer clothes, all without a clear source of income or enough income to support such a lifestyle. This can be seen in movies like 'Friends with Benefits' where the characters live in sprawling New York apartments despite having average-paying jobs.

2. Ignoring the concept of Taxes

Taxes are a fundamental aspect of real life finance. However, they are often ignored in movies. One classic example is 'The Italian Job'. The characters steal gold worth $35 million but no mention of taxes or legal implications of suddenly acquiring such wealth is made. This misrepresents the concept of income and taxes to the audience.

3. Incorrect Representation of Stock Market

Movies often get the stock market wrong. A classic example is 'Wall Street: Money Never Sleeps'. The movie features a scene where the protagonist makes a billion-dollar deal within seconds, which is highly unrealistic given the complex nature of real-life trading.

4. Unbelievable Inheritance Cases

Movies like 'Brewster's Millions' present an unrealistic view of inheritance. The protagonist has to spend $30 million in 30 days to inherit $300 million. In reality, inheritance is usually straightforward and doesn't involve such absurd conditions.

5. Inaccurate Depiction of Bank Robberies

Bank robbery scenes in movies often overlook the intricate security systems in place in real banks. Movies like 'The Bank Job' show characters easily breaking into vaults, which can't happen due to the high-tech security systems and protocols of real banks.

Table: Common Money Mistakes in Popular Movies

Money Mistake Movie Example
Unrealistic Lifestyles Friends with Benefits
Ignoring Taxes The Italian Job
Incorrect Stock Market Representation Wall Street: Money Never Sleeps
Unbelievable Inheritance Cases Brewster's Millions
Inaccurate Bank Robberies The Bank Job

These are just a few examples of the common money mistakes seen in movies. While they are often made for the sake of entertainment, it's important to remember that real-life finance works differently.

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