Best Movies to Teach Kids Persistence

Learning doesn’t have to be boring.  Kids can learn from movies – especially if you take the time to prep them to watch and to have a discussion afterwards about what you hope they discovered.

Persistence is something I am trying to help instill in my own grandchildren.  It is, I feel, THE most important characteristic to have to get where you want to go.

Below are a few of my favorite movies to teach tweens about persistence.

Unstoppable PG-13 (2010) Starring Chris Pine & Denzel Washington

In this thriller, a runaway train must be stopped before it hits a populated area and goes off track and explodes. Denzel is Frank, the experienced train engineer running engine 777 with Will (Pine) as his conductor – just out of training.

Frank and Will initially try to get their engine 777 out of the way of the runaway – heading straight towards them on the main track. Once the runaway passes, Frank decides to try backing up to hook onto the end of the train to slow it down so that someone can climb on and take control. Through multiple challenges, and in direct opposition to what the bosses are saying, and even though he has been notified that he is being retired early, Frank persists in trying to stop the train.

Will initially lets home problems interfere with work, causing him to make mistakes. Frank persists in demanding that Will pay attention to work and teaches him to do it right. In the end, Will, with an injured foot, jumps from the engine (going 70 MPH) into a truck bed which carries him to the front of the train where he is able to climb aboard the runaway engine

Wall-e G (2008) – Disney Pixar animation Starring voices of Ben Burtt, Elissa Knight, Jeff Garlin

Wall-e, Eve, Burn-e and the little robot who cleans up Wall-e’s messy tracks all consistently persist in their goals. Wall-e and Eve try and try to get the little green plant to the spot on the ship that will take the ship back to earth. Burn-e overcomes many frustrating problems to replace a light bulb on the ships exterior and the little robot who cleans the floor is practically anal about keeping it clean!

Pursuit of Happyness PG-13 (2006) Starring Will Smith, Thandie Newton, Jaden Smith

Chris Gardner (Will Smith) is a risk taker who put his life savings on the line to buy portable medical scanners to resell at a profit. He persists in selling the scanners, even though they are hard to sell. He sees a chance to try for a financial broker internship (which turns out to be unpaid and highly competitive) and takes it once his wife leaves him.

In spite of doing multiple really stupid things (like leaving his expensive portable scanner with a stranger on the street), Gardner persists in keeping his son by his side through homelessness, getting thrown in jail for traffic tickets and other adversity and works smart and hard to meet his goal of winning the financial broker job.

Secretariat PG (2010) Starring Diane Lane, John Malkovich, Margo Martindale

Penny (Diane Lane) inherits a race horse from her parents and sets herself a goal of getting the horse to race and win. She goes against wishes of her spouse and her brother and multiple horse ‘experts’ to reach her goal.

My Fair Lady G (1964) Starring Audrey Hepburn, Rex Harrison, Stanley Holloway

In this classic musical Eliza demonstrates remarkable persistence in learning how to change the way she speaks so that she can become ‘a lady in a flower ship’ instead of a street girl selling cast off flowers to passerbys. She succeeds in spite of working without any acknowledgment of her efforts.

Ratatouie G (2007) Disney Pixar animation Starring voices of Brad Garrett, Lou Romano, Patton Oswalt

Remy the rat (Patton Oswalt) has a dream. He wants to become a great French chef despite being a rat and going against society’s inborn phobia of rodents as well as his rat family. He persists despite the ridicule of his family, not knowing how to cook, the need to team up with humans and the disapproval of his father.

Chicken Run G (2000) Dreamworks animation Starring voices of Mel Gibson, Julia Sawalha, Phil Daniels

Ginger the chicken (Julia Sawalha) tries and tries to find a way to organize a great escape (for all the fowls) from the chicken coop. When Rocky the rooster (Mel Gibson) comes flying over the fence, she just knows he can teach them all to fly. However, she soon finds out he is shot from a rocket at the local fair and can’t fly at all. Ginger persists in searching for ways to free them all and eventually succeeds, following several mis-steps.

A League of their own PG (1992) starring Tom Hanks, Geena Davis, Lori Petty

Although Dottie Hinson (Geena Davis) is the ‘star’ of the movie, it is really Kit Keller (Lori Petty) her sister who is the persistent one. When major league ball takes a hit due to the men going off to fight in WWII, league owners organize a women’s league. Kit gets wind of it and is stoked to join up, but the recruiter is more impressed with big sister Dottie. He finally agrees to take Kit if she convinces Dottie to join up. But once on the field, it is Dottie who becomes the persistent one – finding ways to bolster flagging ball game attendance by showing the women how to be more flamboyant players. Along the way, the women convert has been player, now coach – Jimmay Dugan (Tom Hanks) from being a drunken side stander to becoming an active and involved coach.

Erin Brockovich R (2000) starring Julia Roberts, Albert Finney, David Brisbin

Former beauty queen and unemployed Mom – Erin (Julia Roberts) persists in convincing Ed Masry (Albert Finney), the lawyer who unsuccessfully defended her in a car accident case, to give her job as a legal assistant. When he hands her a case, expecting her to do some simple followup, she goes on the road for days to interview the plaintiff and gather facts. She persists in developing the case against giant PG & E despite being ridiculed in the office, doubted by her boss, and beset with child care issues. Due to her persistence, folks who suffered cancer due to PG & E illegal dumping of toxic wastes, end up getting financial compensation to help with medical bills.

True Grit G (1969) starring John Wayne, Kim Darby, Glen Campbell

Teenager Mattie Ross (Kim Darby) is seeking vengeance against the murderer of her father. She is in town to pick up her father’s belongings to take them home, but decides to hire the best qualified person to help her hunt down the murderer – Marshall Rooster Cogburn (Wayne). This teen age fire ball, in a time way before women’s rights, speaks out, stands up and fights for what she wants – over and over again. She persists at every turn when society, Cogburn and others try to dissuade her from her goal. she hires her man, fights to go with him, and speaks her mind at every turn.

How We Paid Off $110,000 of Mortgage Debt Over 14 Months

mortgage debt

We took on risk on a very large mortgage debt load, and subsequent financial gamble in the summer of 2013. We were looking to move to a rural property. Our desire to live in an urban centre (Peterborough, Ontario), over time, transitioned to a desire to live in the “country” with all that “country life” has to offer.

So, in June of 2013 we purchased our dream home. Our property sits on just over an acre of land on a lot that is partially treed and provides plenty of space for our kids to play outside, to raise a garden and to relax in the solitude of the country side.

The downside?

We bought our new home before we sold the previous one. A big financial burden that limited our financial growth. Our  previous home sold in December of 2013 so we carried two homes for 6 months.

During this time, aside from our amortization choice, we paid the minimum on both mortgages.

One of the biggest expenses you will ever have is your home. By the time you pay off your mortgage debt over a period of two or more decades, you will pay tens if not hundreds of thousands of dollars in interest. If you’re looking to reduce your debt, and save thousands, paying off your mortgage debt quicker can be one of the best ways to proceed. For our American readers, in Canada we can not claim mortgage interest as a tax deduction in most circumstances (a few exemptions apply).

Watching my parents struggle with mortgage debt instilled in me a desire to avoid similar problems in my own life. You never know when interest rates are going to start rising again, and paying off your mortgage quickly can help you avoid that uncertainty. Mrs. SPF had similar experiences watching her family struggle with mortgage debt, so it was easy for us to agree that we wanted to do things differently. For Canadians, there is an argument for a guaranteed return on investment that paying off mortgage debt can provide.

Mrs. SPF and I created a plan to reduce our mortgage quickly when we bought our current home. In fact, over a period 14 months, we paid off almost $111,000. When we really started focusing on our efforts in December of 2013, our mortgage balance was $292,145.94. On January 30, 2015, after 14 months, our balance was $181,158.46. Here’s how we did it:

Structuring Our Mortgage

Here in Canada we have a range of somewhat flexible mortgage products so that you can mix and match your payment abilities. The key to our success is amortizing over 15 years, rather than sticking to the “usual” practice of amortizing over 25 years which the banks seem to promote whenever people move. We also make bi-weekly accelerated mortgage payments. This means that we end up with the equivalent of an extra payment every year, speeding up the debt repayment process.

Not only that, but our mortgage product allows us to increase our bi-weekly mortgage payments by 10% each year. This means that we can boost our regular mortgage payment each year without refinancing. As our income increases and our finances improve, we increase our monthly payments which we we have done each year from 2013-15. Our mortgage product also allows us to make lump sum payments of up to 10% of the original principal amount each year. This means that if we get a windfall, it’s easy to take the money and apply it to our mortgage balance.

While our five-year fixed rate of 2.84% is great, and means less paid in interest, our real advantage is the flexible mortgage product that allows us to change things up in favor of accelerating our payoff. As a result of our strategy, we expect to be mortgage free by January 2020, instead of continuing to pay until June 2028 which was our original final payment date.

Frugal Living and Making Mortgage Debt Reduction a Priority

Our frugal and sustainable lifestyle allows us to make mortgage debt reduction payments on our mortgage. Because our lifestyle is simple and inexpensive, it means that we have enough money to aggressively pay down our mortgage, even as we fund our emergency, retirement, and kids’ college accounts. Some of the ways that we live simply and frugally include:

  • The kids and I get DIY haircuts from Mrs. SPF
  • We don’t have cable TV.
  • Almost all of the clothing we buy for our children is used. We hope to use all of it.
  • We use Android instead of Apple products which are less expensive and use a pay as you go plan for our cell phones.
  • About three quarters of what we buy at the grocery store is on sale.
  • Because … growing some of our own food is important to us.
  • And … we purchase organic veg baskets from a neighbour as a member of their CSA
  • We buy used online with Kijiji when we can.
  • Our meals are mostly prepared at home -we don’t dine out often.
  • We buy when we need, not when we want, based on family priorities

We also save by thinking of out-of-the-box ways to accomplish our goals. When we bought our Subaru Outback, we did our research and imported the Outback from the United States, saving us more than $9,000 compared to buying the same vehicle north of the border. The Outback is built in Indiana so we avoided import duty (almost 7%) while taking advantage of the skewed markets for consumer products between the U.S. and Canada while leveraging strong Canadian dollar in the Summer of 2010. We plan to drive our Outback into the ground before replacing it.

Not only do we have a generally frugal lifestyle that allows us to handle higher monthly mortgage payments, but our focus on debt reduction as a priority means that we already know what to do when we have a windfall. A recent pension adjustment allowed us to make a lump sum payment (~$21,000) in October 2014, and an inheritance also provided us with the means to make a lump sum payment ($29,990) not too long ago. After carrying two homes, when the first sold we were able to apply almost $30,000 to the principal.

Because our priority is reducing our mortgage debt as soon as possible, it’s easy to consider that money earmarked. When our current five-year fixed mortgage situation expires in June 2018, we will be interested in raising our bi-weekly payment amount for the final stretch, which would accelerate our payoff even faster. When we are mortgage free we will change our focus to investing in order to supplement our defined benefit pensions. At this time we do not see a need to prioritize investing as we already sock away close to 10% of our income in the DBPs (where our employer matches the contribution). We will focus a now freed up ~$3000 per month on investing for our retirements and to save for our kids’ schooling if they choose post secondary education.

Finally, we make it a point to use our income generating web properties to help us make payments. This extra money coming in allows us to continue to pay down our mortgage without the worry of interfering with our regular finances.

In the end, it’s about priorities and a little ingenuity. We have set up our finances to take care of our major goals (retirement, college for our children) at a more relaxed and moderate rate – we fund our kids’ RESPs annually and contribute to our DBPs while paying off mortgage debt instead of investing in the markets.  Lessons from our parents still make sense to us when we examine our family financial planning. We are committed to becoming completely debt-free in less than 5 years.

Our choice and we are comfortable with it.

What are your thoughts on your mortgage debt?