4 financial lessons you can learn from The Lion King on its 30th anniversary

2024 marks the 30th anniversary of one of the greatest family films of all time, Disney’s The Lion King.

As with all great stories, the film explores a wealth of ideas and holds truths and lessons you can apply to multiple domains of life, including the religious, the psychoanalytical, and as you will see, the financial.

So, what can the death of Mufasa, the trials and tribulations of Simba, and the whimsy of Timon and Pumbaateach you about wealth management?

Read on to discover four financial lessons you can learn from The Lion King.

1. Mufasa’s death and estate planning

    Simba’s father, Mufasa, is the king of Pride Rock at the start of the film. He tells Simba of his plans for his future reign and the responsibilities he will have to bear when the time comes for him to lead the pride.

    But sadly (spoiler alert) Mufasa dies and, after scaring Simba into the wilderness, Mufasa’s villainous brother Scar takes up the vacant position of ruler.

    Although there was treachery and subterfuge at play, Mufasa could have perhaps better planned for his eventual departure to ensure there was no room for his evil brother to take the throne in the event of his death.

    This points to the importance of having a watertight estate plan.

    The Guardian recently reported that there are up to 10,000 people disputing Wills each year, which shows that the value of having clear intentions for your estate and legacy after you die is not confined to the realm of fiction.

    Ensuring you have an up-to-date Will that incorporates any life changes you have recently experienced and reflects your current wishes can help to assuage any future familial disputes that may arise.

    Making a comprehensive estate plan also means you can limit and mitigate Inheritance Tax (IHT), though this is unlikely something that Simba, Mufasa, or Scar ever had to worry about.

    2. The Circle of Life and diversification

    The Circle of Life is both the title of the opening song in The Lion King and a recurring motif in the film.

    It represents a delicately balanced ecosystem in which different species coexist and work together to contribute to the overall health of the environment.

    The benefit of balance is a lesson that you can apply to many aspects of life. And when it comes to financial planning, a well-balanced and diversified portfolio is essential for achieving long-term financial health and stability.

    Diversification involves spreading investments across various asset classes, regions, and sectors to mitigate risk and enhance potential returns.

    Just as the circle of life ensures the survival and flourishing of the ecosystem through balance, diversification helps protect your investments from market volatility and unexpected economic downturns.

    3. Hakuna Matata and the importance of enjoying yourself

    When Simba is lost in the wilderness, he eventually stumbles across a wondering warthog and meerkat – the comedic duo, Timon and Pumbaa.

    They advocate a “problem-free philosophy” called “Hakuna Matata”, which is Swahili for “no trouble” or “no worries”.

    Timon and Pumbaa interpret the phrase to mean you should adopt a carefree and laid-back attitude to life, free of responsibility or trouble, and just enjoy the ride.

    Although the entirely cavalier interpretation of Hakuna Matata taken by Timon and Pumbaa is perhaps not advisable, there is much you can take from their attitude about enjoying the fruits of your financial plan.

    Your financial plan is ultimately in place to provide you and your family with security, and so you can achieve your life goals and ambitions while remaining financially stable. It is there to help you live the life you aspire toward, so try to enjoy it as much as you can along the way!

    4. Rafiki, Mufasa’s ghost,and the value of seeking guidance

    After leaving Timon and Pumbaa and turning his back on Nala, Simba reaches his lowest point. He wanders aimlessly through the jungle, lost and disheartened, until he encounters the wise baboon, Rafiki.

    Rafiki leads Simba to a clearing where he sees a vision of his deceased father who forces him to reflect on the direction of his life. Through their combined wisdom and guidance, Rafiki and Mufasa help Simba find his way out of the wilderness and toward his true destiny.

    Just as Simba benefits from the wisdom of Rafiki and Mufasa, a financial planner can be invaluable in helping you to make informed decisions and developing effective strategies for wealth management.

    They can provide insights, offer guidance, and help you navigate complex financial landscapes, ensuring that your financial journey is well-planned and purposeful, ultimately leading you toward your goals.

    Get in touch

    Though we may not be able to guide you toward your future role as king, we can help you to build a financial plan based on your values and goals that ensures your personal kingdom thrives for years to come.

    To speak to a financial planner, get in touch.

    Email us at hello@vwmwealth.com or call us on 0141 229 4004.

    Please note

    This blog is for general information only and does not constitute advice. The information is aimed at retail clients only.

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