Board Games That Teach You About Investing
Everyone is planning to invest nowadays. Many people fail to understand that investing can be risky, especially if you lack a solid strategy. The good news is that you can find multiple ways of investing on the internet. Also, there are many board games that teach you about investing. This article provides popular board games you can play and broaden your investment skills.
The following are popular board games that teach about investing:
Monopoly
Monopoly is a popular board game you can hardly miss in a family. It is a good game for all people, including kids and adults. The objective of monopoly is to teach about real estate investment and management of cash flow. Also, playing this game helps you learn the best ways to prevent you from falling into debt while investing.
The player with the biggest net worth from their property and a lot of cash becomes the winner in Monopoly. The investment skills you learn from Monopoly include balancing income, financial negotiations, taxes, and real estate.
The price of a Monopoly board game is $20.
The Game of Life
The Game of Life has been around for more than a decade. Many people love this game because it teaches how to make money work for you. The goal of The Game of Life is to make solid decisions to earn the biggest network. The decisions you make in this game reflect what happens in real-life situations.
Unlike Monopoly, The game of Life requires you to make different choices in life, such as family, career, homeownership, and marriage. The various life lessons you get from this game are learning how to repay loans, the impact of tax and debt, the advantages of investing, and much more.
Though there are different editions of The Game of Life, a standard version cost around $20.
Payday
Payday is an amazing board game that hit the market back in 1975. This game was released by Parker Brothers, and it teaches vital aspects of financial management. The design and layout of Payday resemble a standard calendar.
The exciting thing is that players earn a wage at the end of the month. The only way you can win this game is by proving your budgeting skills and saving as much as possible. Note that you have to deal with loans, bills, and other expenses before you can earn a wage.
The gameplay in Payday continues until you decide to quit.
The player with the biggest saving at the end becomes the winner. Some of the investing lessons you learn from Payday include budgeting, loan repayment, and differentiating cash flow and outflow.
Cashflow
Cashflow was created by renowned entrepreneur Robert Kiyosaki. The game teaches the fundamentals of money, and it encourages players to avoid the rat race of 9 to 5 jobs. In this game, Kiyosaki suggests acquiring stocks, investing, and getting multiple ways of income.
Cashflow can accommodate 2 to 6 players, and it is suitable for people aged between 6 and 14 years.
The objective is to ensure your assets and passive income and bigger than your liabilities and expenses. The cost of a standard Cashflow game is $80. But you can play the free version on the official website of Robert Kiyosaki after you sign up.
Money Bags
Owned by Learning Resources, Money Bags is a fun-filled board game. This game teaches you how to collect, count, and exchange money in a virtual world. You must earn more money than your opponents to win in Money Bags.
This game can be played by two or four people, and it is suitable for people of all ages. The cost of Money Bags is $20.
The Bottom Line
As you can see, you can learn investment skills from playing board games. These games offer free lessons on money management, budgeting, and proper decision-making in businesses. In addition, you get entertained in the process of learning these investment skills. While you can find many board games online, the ones we have listed are highly recommended by experts. Some of the games have free online versions, and others are available at a small cost. Pick the one that suits you and have fun.
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