House of Cards is a classic amongst Netflix created television series. I remember when season one came out back in February of 2013. After one episode I was hooked. Frank Underwood's tenacity and manipulation tactics are simply unmatched in the saga and probably would be in real life.
But how can Francis, Claire, and few other prominent characters in the show teach us how to get up, get out, and get something? To invest means to take action. Grab your money by the horns and ride that beast until your money is not only making money, but doing so effectively and efficiently.
Here is a breakdown of how seven major characters form the show can teach us a thing or two about investing.
Francis “Frank” Underwood – Determination
In life, to achieve success we must be determined. We must set goals and work hard to achieve them. We all want to relax and sit pretty later on while the money is piling up, but that's not magic trick that happens overnight (unless you win the lotto). So what is determination? It's having firmness in your purpose. Frank is the epitome of firm purpose. He truly feels his calling is to run the United States as President. What did he do? He became President of the United States.
By hook or crook, he did it. Now I don't recommend you participate in any illegal activity when investing, but the principle of doing what it takes to be successful at it is still the same. Be determined to learn about what investments are out there. Be determined to know why one investment may or may not be suitable for you. Be determined to manage your money up instead of letting it drag along. [Check out this article on "Cash Drag" from Betterment]
Claire Underwood – Patience
Claire Underwood exemplifies patience. She is an executive and fearless woman in her own right, but she is patient and highly supportive of her husband Frank. As a team, her goals are important, but seem to take the backseat at time to Frank's paramount goal of becoming President. Their marriage is more of a business partnership than a covenant, but it works for them. The phrase that pays, "Whatever it takes," could be labeled as the mantra for the Underwood duo.
But behind every strong man, is a stronger women and Claire shows tremendous strength in patience. From starting off as a non-profit executive and supportive wife to becoming Frank's running mate as Vice President, she has paid her dues with patience.
Investing requires extremes patience. Whether you're goal is short term trading or long term residual dividends, patience is key. Warren Buffett has been investing since he was 11 years old, but 99% of his wealth didn't come until AFTER his 50th birthday. Talk about patience. But Buffett remained determined and patient, and is now recognized as arguably the greatest investor of all-time.
Douglas “Doug” Stamper – Discipline
Doug, Doug, Doug. If there is anyone who represents discipline in its highest form, it's Doug Stamper. Doug is Frank Chief of Staff and right-hand man. Everyone he does is with extreme care and precision. But in order to have that kind of tact, it takes discipline and focus.
To be an investor, you have to have discipline. You have to be able to take the good with the bad and know that your moves are sound ones and you can repeat them over and over. Trusting that your research and analysis is good enough to make investments at appropriate times during your investing experience is vital. To do this, you must remain grounded with discipline.
(photo: Rise and Revel)
Zoe Barnes – Vulnerability