The popular British television series Downton Abbey might not seem the likely place to get financial advice, but there are some lessons to be learned from the show.
A story on CNN says there are five financial lessons to be learned from the show.
- Don’t put all your money into one stock. The family patriarch, the Earl of Grantham, learned that lesson when he loses the entire family fortune by betting on a Canadian railroad company that goes bankrupt.
- Ask for a raise. Daisy, who starts out as a kitchen maid, staged a protest for better pay. She got it.
- Make a will – and revisit it. The show begins with a crisis over finding a new heir. The man who was to inherit the estate died on the Titanic. None of his three daughters is allowed to take over his fortune.
- Know about supply and demand. A devious resident decides to make a killing on the black market after the war. He buys some goods from a man at a bar at an incredibly good price, but the food is junk and no one will buy it from him.
- Beware of gold diggers. Several characters marry for money. You can never be sure.
If you have questions about estate planning, feel free to call us for a consultation at (626) 696-3145.
