Comments on: 8 Personal Finance Lessons I Learned From Monopoly

By: Jhamus

Jhamus — Wed, 07 Oct 2009 13:48:42 +0000

If may be difficult, but it is not complicated. If you would like to have an incredibly fufilling retirement, have a better marriage, and live like no one else- go to daveramsey.com. You will learn how to get out of debt, build wealth, and give to others. Good luck to all of you!

By: renee

renee — Thu, 08 May 2008 21:23:12 +0000

Never put all your eggs in one basket (houses, hotels). and always save enough eggs to get you thru a pinch. Whats important ,here and now or life for the long haul. Trim the fat and you will get much more in life. We are so spoiled!! Remember pennies make dollars. Life like monopoly, if all of your money is tied up in property, then you may loose what you have just to get by.

By: Daniel

Daniel — Wed, 03 Oct 2007 12:15:25 +0000

The best way to save money is to pay off all your debts as quickly as possible even if it means living on Macaroni & Cheese dinners for a few months and drinking water every day instead of beer. The sooner you’re out of debt, the sooner you’ll be able to save money and spend it on useful things like education and finding a better job.

By: Louise

Louise — Sun, 30 Sep 2007 20:29:12 +0000

I used to love monopoly but I have never thought of it like this before. I wonder what the old ‘get out of jail free’ card is designed to teach us?

We also used to play a game based on the sharemarket which toucht youthe basics of buying and selling shares as well as a great Aussie game called Squatter. You learned the principles of making money by buying and selling sheep! Great post, it made me think.

By: MoneyNing

MoneyNing — Sun, 30 Sep 2007 05:59:51 +0000

Monopoly is the greatest game ever invented.

By: Meg

Meg — Sun, 30 Sep 2007 01:50:26 +0000

I love this post!!!! Playing Monopoly is a treasured family tradition in my family, and I have always LOVED the game. I too learned a lot of financial lessons from playing, and I think this is a fabulous summary of some of the most important wealth lessons a person can/should learn from the game. I think this game is literally the foundation of my interest in real estate as my primarly wealth strategy.

By: Minimum Wage

Minimum Wage — Sat, 29 Sep 2007 15:37:00 +0000

Okay, now I’m really intrigued…I have short bits and pieces of spare time, which is better than having no time, but I don’t know how to “move quickly” when I have no money and no available credit. Could you tell us a little about how you went from -$80k to retired in four years?

By: Earl Flormata

Earl Flormata — Sat, 29 Sep 2007 07:13:17 +0000

Great article. As Kiyosaki put it – the formula to success is 4 green houses = 1 big red hotel. I love the point about first mover advantage – I move quickly, but meticulously in business, and it’s paid off in spades.

For those of you who are looking for a way to earn passive income as per item #1, and you’re stuck in a minimum wage job, and have no spare time – there are ways to do it.

My story? – I came from being mired in student loans and credit cards – 80k+ in the red, to retired 4 years later at the ripe old age of 27. To boot, I’m lazy, not the brightest bulb in the bunch, and had no experience in investing when I started. Yeah, I know it’s one of those “if I can do it, anyone can” spiels – but meh, it’s what happened to me.

By: Catherine Lawson

Catherine Lawson — Sat, 29 Sep 2007 01:20:02 +0000

Brilliant post. I particularly like number 6 – being the first to make a move. And that is so true.

It kind of makes me think of all those people who rushed to build pixel sites after the million dollar one.

By: Minimum Wage

Minimum Wage — Fri, 28 Sep 2007 23:14:30 +0000

p.s. can’t take a class, they always insist on money up front and i don’t have any. (remember that giant sucking sound of $300/mo out of my pocket)

By: Minimum Wage

Minimum Wage — Fri, 28 Sep 2007 23:13:23 +0000

My MWF mornings are fully occupied with medical appointments (yes, on an ongoing basis). I usually work 11-hour shifts the other days. I don’t have a car, so my employability is limited to those places I can get to on foot or by transit, and of course the hours cannot conflict with either my present job or my medical appointments. I have a few hours here and there, but it’s hard to fit them into a job schedule.

By: Nick

Nick — Fri, 28 Sep 2007 21:48:40 +0000

Minimum Wage, perhaps problem #1 in your money woes is that you’re home at 11:00 AM on a workday complaining on the internet about how little money you make. Take a class. Get a 2nd job. Be productive.

By: Minimum Wage

Minimum Wage — Fri, 28 Sep 2007 21:14:34 +0000

Ever heard of “dead-end” jobs?

By: Anonymous

Anonymous — Fri, 28 Sep 2007 21:13:46 +0000

Okay, I’d love to better myself. Where do I sign up?

By: Too Bad Too Sad

Too Bad Too Sad — Fri, 28 Sep 2007 20:44:12 +0000

@Minimum Wage “the last movie I paid to see was 20 years ago.”

If you’re earning minimum wage at that point in your life, you only have yourself to blame for where you are and for not bettering yourself.