While there are some really good horror films being made today, the old Universal Classics still seem to be in a league of their own. Maybe it’s because of the presence of actors like Boris Karloff or Lon Chaney Jr., or just because of the noir-like ambiance only black-and-white movies can deliver. Whatever the reason, the names of Dracula, Frankenstein, the Wolfman and the Phantom of the Opera still loom large in our collective memory.
In addition to being scary, though, the Universal monsters also taught us a lot about finances in their films. Things like…
Dracula: Take Advantage of Long-Term Investments
When people usually think of the Universal monsters, they almost always think of Dracula as the leader of the monsters, and with good reason. In addition to having all the powers of a vampire, he’s also got several traits that are impressive in normal humans, including charisma, intelligence...and wealth. Dracula isn’t just rich enough to own his own castle in Transylvania—he’s also rich enough to buy multiple houses in London, as well as hire lawyers to make the purchases on his behalf.
The novels don’t really mention where Dracula gets his wealth, but the mostly likely explanation is that as a centuries-old vampire, he’s had plenty of time to capitalize on long-term investments on a scale that’s impossible for ordinary humans.
While you might not be able to reap the benefits of an investment you started back in the 1600s, you can still take advantage of long-term investments and harness the power of compound interest. You might want to start by regularly depositing money to your employer’s retirement program, but you can also open up a certificate of deposit (CD), or even open up a traditional or Roth IRA.
Open a Certificate of Deposit today! 
Frankenstein: Write a Business Plan
Let’s be fair—Victor Frankenstein had some noble goals, and he was a brilliant scientist. However, he was a terrible businessman. When you’ve essentially proven you can bring someone back from the dead without them being a supernatural monster and peoples’ response is to chase it with torches and pitchforks, you know you’ve done something wrong.
Small businesses everywhere can take a lesson from Dr. Frankenstein’s mistakes and actually write a business plan before going all-in with their new business idea.
For instance, you can do some market research to see what people’s views are on reviving the dead, or whatever your product or service is. Talk about how you’ll present your new business to the public in a way that doesn’t leave them wanting to grab their torches and pitchforks. Above all, get some funding for your business idea so you don’t have to try to get the materials you need in the middle of the night.
Invisible Man: Know When to Ask for Help
The Invisible Man, in addition to being kind of a jerk, is also a tragic figure. Not only is he stuck being invisible, he’s also too arrogant to ask other scientists for help in trying to cure his condition.
While most people won’t have to deal with trying to reverse the effects of a science experiment, a lot of people don’t ask for help even when they need it. There are a lot of reasons for this.
Sometimes, they’re afraid that people will make fun of them if they admit they can’t handle a problem on their own, or even think they’re completely incompetent. Other times, they might be afraid of the answer. Asking a doctor for help might mean you learn you have a serious—and costly—medical condition, while asking a financial advisor for help might show you how bad your financial situation really is.
When you ask for help, though, you’re giving yourself the opportunity to move forward. If you’ve got a problem that you can’t figure out how to solve on your own, asking for help will give you the information and resources you need to move on. This is true in almost every situation, up to and including asking a financial advisor for help.
Phantom of the Opera: Work Towards Your Goals
No one can accuse the Phantom of the Opera of being unmotivated. Once he sees Christine performing, he decides that he will make her the star of the opera. To that end, he tutors her in secret and even threatens the owners of the opera to replace the current star of the opera with Christine.
Admittedly, the Phantom of the Opera is not exactly a role model. Still, you could do worse than follow his example when it comes to setting goals. The Phantom’s goals are quite specific, he can measure the progress he’s made, his goals are attainable and realistic, and he even has a timeline when he wants to succeed. In other words, he’s setting S.M.A.R.T. goals and sticking to them.
While S.M.A.R.T. goals may not be the greatest way to pursue a relationship, they’re great for many other goals, including financial goals. You can even use the free downloadable S.M.A.R.T. Goals packet First Alliance offers to help you reach your goals.
Get started setting financial goals today!
Wolfman: Prepare for Emergencies
Everyone knows the story of the Wolfman, cursed to become a werewolf and ravage the countryside during the full moon. While this is definitely not an ideal situation, the biggest tragedy is that the Wolfman doesn’t use the time that he’s a human to plan ahead for when he changes.
For instance, he could arrange to be away from civilization whenever there’s a full moon, for instance, or buy a house with a reinforced panic room that he could get to whenever there’s a full moon. Instead, he spends his days searching for a cure and dreading the time the change comes on him and worrying about who he’ll hurt next.
Unfortunately, the Wolfman’s behavior isn’t uncommon. A lot of us don’t plan for life events, even when we know they’re coming. As a result, we stress out about how we’ll be able to afford things like car repairs, Christmas shopping, vacations or even medical emergencies.
Fortunately, it’s not hard to prepare for financial emergencies or life events. You can start by putting a percentage of each paycheck into an emergency fund. While financial experts recommend having at least three months of salary saved up, you should know that once you have $2,000 in your account you’ll be able to cover most financial emergencies.
It’s also not hard to prepare for major expenses if you know they’re coming. For instance, if you’re worried about how you’ll be able to afford buying Christmas presents, you can estimate how much you’ll spend, divide it among the number of paychecks you’ll receive before then, and try to save that amount each paycheck. Even if you can only save a fraction of that amount, it will lessen the strain to your wallet when you go out shopping for the holidays.
The Mummy: Don’t Obsess Over the Person you Think is the Reincarnation of Your True Love
That’s just good advice in general.
Reach Monstrous Levels of Financial Success With First Alliance Credit Union
While the Universal monsters aren’t creatures you’d like to meet in a dark alley, or honestly anywhere else, their movies contain some valuable financial lessons that will give your finances a big boost.
If you want to put those financial lessons into action, become a member of First Alliance Credit Union today. You can start investing your money by putting it in a CD, talk with our business team about getting funding for your new business idea or build up your emergency fund by putting money in a traditional savings account.
