It's 2011 and getting the jump on your financial future is more important than checking your facebook updates! How can you create wealth and have fun at the same time?
I'm sure many of you played Monopoly when you were a tiny tyke, but how many of you looked at the real lessons that the game taught? Buy three houses then put a hotel on it. Buy an entire block and you are on your way to real wealth!!!
Pros: It's cheap. If you play with the idea of teaching someone the possibilities of buying property you can turn it into a learning game. Monopoly has developed a variety of games that you can play online, on your phone, Nintendo DS, etc. The online Monopoly World version encourages you to trade, make deals and counter offers to players for their properties.
Cons: The message is a bit cutthroat. For example, the objective of the Property Management game is, "Make as much money as you can, and drive your opponents into bankruptcy." (http://board-games.pogo.com/games/monopoly) For some of you, this may sound like a grand way to teach someone, but for me, it doesn't seem to make sense. Why drive all of your opponents into bankruptcy? Why not teach them about philanthropy instead? I played the online world version and it was a bit too much for me. The money remained in the millions and as an instructional tool it moved too fast for me.
Real Estate Investment Game
This game takes buying real estate into a whole new territory. You can play this game with Real Money or Virtual Money. If you scroll over the properties you will get information about the selling price and more.
Pros: If you want to play games online about real estate, then this may be for you. It offers you a chance to learn how to examine properties online.
Cons: Why play in a virtual world and put up real money, when you can play in the real world and put up real money. I have heard of cases where people are making real money while living in a virtual world, but it just doesn't appeal to me.
Find out more at Real Estate Investment Game!
This website offers a variety of educational games that instill real world learning techniques for children.
Pros: They offer textbooks and other curriculum support materials for the classroom.They have a free newsletter with information and updates.
Cons: I went online to test it out and I couldn't. You have to buy the product to get a real look.
Bizz in a Boxx
This program supports our youngest entrepreneurs! It teaches them how to set up and operate a small business. I love this site because it encourages children and teens to create their own destiny. One highlight on their website is their Featured CEO section. In this section they show real kids and teens who have created their own businesses.
Pros: Great way to encourage children to grow into an entrepreneur in an easy to use system! They provide a workbook that helps children create a business plan.
Cons: I currently reside in Japan so I emailed the creator about bringing the product here. She was a bit hesitant because she said the content is American based. I really don't think this is a problem. Business is business. Let's just teach the kids the basics!
Cashflow 101 and Cashflow for Kids
I have to admit I love playing Cashflow! I play at least once a month with Sequoia Entrepreneur Group!
Pros: You learn how to complete an Income Statement, calculate your rate of Return on an Investment or ROI, how to identify a good investment vs. a bad investment. Robert Kiyosaki, the creator, has tons of books that support his teachings from, Rich Dad, Poor Dad, Rich Dad's Guide to Investing, Before You Quit Your Job and a treasure trove of more educational materials and supplements to help you become a real investor.
Cons: The game is a bit expensive. I found mine on an online auction site. It is up to you to apply it to the real world. Many people play the game over and over again and sit on the sidelines instead of jumping into the action. Some people who study business feel as if the content is over simplified.
This list compiled just a few resources that are waiting for you to jump in with both feet! Now, more than ever, there is no excuse not to be rich! Unless you spend more time checking your facebook status than building your future to financial freedom!