Monopoly, Money, and You: How to Profit from the Game’s Secrets of Success

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Monopoly, Money, and You: How to Profit from the Game’s Secrets of Success

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MONOPOLY: GAME OR ROAD MAP TO SUCCESS?

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There are 1 items available. Please enter a number less than or equal to 1. Select a valid country. Please enter 5 or 9 numbers for the ZIP Code. Your child may learn that to win in the game, they may want to buy a mix of properties.

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Whilst they need one color group to develop houses and hotels which will lead to higher rental collection , it may not be enough to win the game. They may also consider other strategies such as buying up properties as a trump card to prevent other players from building against them or negotiate property trading deals. The consequences of debt can be an important lesson in Monopoly.


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The same can happen in life — taking on too much debt without the means to pay for it may set them back in the real world. You may also want to talk to your child about credit cards and how they can chalk up debt if handled incorrectly. You can suggest the use of debit cards instead as a way to control spending and avoid getting into credit card debt. Your children can also learn about asset management from Monopoly.

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On the other hand, to win at the game they cannot stay completely safe in cash. They will need to be invested and that means taking a risk in buying and developing their properties. How do they find a good balance and win? There may be a lesson in that. The game may be over but the lesson continues. What decisions lead to your victory or loss? If they can answer these hard questions, consider it a game well played, win or lose. Monopoly names, logos and gameboard are trademarks of Hasbro. October Personalised support from Expat banking managers.

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The articles are solely for general information and does not constitute any advice, recommendation or offer by HSBC. You can then help your children recognise how their emotions may affect their investment strategies in the game. For example, they may feel insecure and choose to stockpile on cash, or they may feel greedy, buying up too many properties and depleting their cash reserves. It is an opportunity to explain that emotions should not be the guide to their financial decisions. The element of timing and chance. Paralleled to life, there are some things that are beyond our control.

The lesson for your child is to learn to make the best out of the hand they have been dealt with, given the circumstances. The art of diversification. Your child may learn that to win in the game, they may want to buy a mix of properties. Whilst they need one color group to develop houses and hotels which will lead to higher rental collection , it may not be enough to win the game. They may also consider other strategies such as buying up properties as a trump card to prevent other players from building against them or negotiate property trading deals. The consequences of debt can be an important lesson in Monopoly.

The same can happen in life — taking on too much debt without the means to pay for it may set them back in the real world. You may also want to talk to your child about credit cards and how they can chalk up debt if handled incorrectly. You can suggest the use of debit cards instead as a way to control spending and avoid getting into credit card debt. Your children can also learn about asset management from Monopoly. On the other hand, to win at the game they cannot stay completely safe in cash.


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They will need to be invested and that means taking a risk in buying and developing their properties. How do they find a good balance and win? There may be a lesson in that. The game may be over but the lesson continues. What decisions lead to your victory or loss? If they can answer these hard questions, consider it a game well played, win or lose.


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