10 Monopoly Rules About Money And Life

Monopoly

Did you know that Monopoly is one of the best games to learn all about Money? Countless rules hide between its colorful tickets and its little green houses. Here are 10 Monopoly rules about Money and Life.

You can apply these 10 rules on a daily basis. They will improve your perception of money. And your financial situation.

10 MONOPOLY RULES ABOUT MONEY AND LIFE

  • 1. People don’t know the rules of the game
  • 2. Do not rely solely on your salary
  • 3. Buy Assets Early and Make Them Work Long
  • 4. Always keep money aside
  • 5. Not All Assets Are Equal
  • 6. Avoid overly popular assets
  • 7. Luck plays a role, but you can improve the odds
  • 8. Never invest money you are not prepared to lose
  • 9. Late Success is not impossible but will be more difficult
  • 10. You have to have a long-term vision
  • Invest in the stock market with Wealthsimple Trade
  1. PEOPLE DON’T KNOW THE RULES OF THE GAME

The first rule is the most important. People don’t know the rules of the game.

Whether it’s Monopoly or Money.

Here are some examples of the little-known rules of Monopoly;

  • The salary is never doubled, even when you come across ”Go”
  • There is never Money placed in the center of the game (Free Parking)
  • Properties that are not purchased are auctioned immediately (and can be purchased for $1)

YOU MUST LEARN THE RULES OF MONEY

If you want to win in Life and in Money, you must learn the rules of the game. And teach them to your loved ones.

Misunderstanding the rules leads to a bad experience. And endless, aimless games.

People don’t know the rules of Monopoly.

Nor those of Money.

The Mission of the Blog is to reveal the rules of the game concerning Money.

Here are the other 9 most important rules;

  1. DO NOT RELY SOLELY ON YOUR SALARY

By making a complete turn of the board, you will receive your salary.

At the beginning of the game, this represents the major part of your income. It’s quite normal.

But you shouldn’t rely on it alone. Otherwise, players acquiring assets will soon overtake you.

It is exactly the same in Life. If you rely solely on a salary, you will be left behind.

In Monopoly as in life…

Don’t rely solely on a salary. Created sources of passive income.

CREATE SOURCES OF PASSIVE INCOME

You need to develop sources of passive income.

And accumulate income of all kinds;

  • Interest income
  • ETF Distributions
  • Stock market dividends
  • Alternative sources of income
  1. BUY ASSETS EARLY AND MAKE THEM WORK LONG

In Monopoly, it is important to buy early.

If you wait too long, assets become scarcer. And the demand for them is growing.

Buy assets to create passive income

With each round of the board, players fight to buy fewer properties. This phenomenon naturally increases the price of properties for sale. But also that of properties already purchased.

It is exactly the same principle in life. Assets increase in value over time.

In Monopoly as in life…

Those who buy assets early are at an advantage.

DO NOT DELAY THE PURCHASE OF ASSETS

Of course, their value may drop temporarily. But it doesn’t last. And the prices are going up again.

Buy assets as soon as possible. This will maximize your Cashflow (passive income) and the value of your assets (capital gain).

ALWAYS KEEP MONEY ASIDE

It is important to always keep money aside. Both in Monopoly and in Life.

This protects you from unexpected expenses. But also gives you an opportunity to strike when asset prices go downhill.

Especially when properties are put up for auction because no one wants them. Or, because no player can buy them.

In Monopoly as in life…

players who keep Money can seize good opportunities.

HAVE SAVINGS CLOSE AT HAND

Try to have savings totaling 3 to 6 months of expenses. You can always invest some of it if an opportunity arises.

Generally, purchases made during a market trough are the most lucrative.

  1. NOT ALL ASSETS ARE EQUAL

In Monopoly as in life, not all assets have the same value.

For example, one might think that the Greens are excellent properties.

The Greens are further down the board. And cost more than the majority of other properties.

Oranges offer the best return in the Monopoly game

However, any Monopoly pro will tell you that the Oranges are the best series.

Because that’s where players fall most often.

MORE EXPENSIVE ASSETS ARE NOT NECESSARILY BETTER

It is important to distinguish ”Price” of an asset and ”Value” of an asset.

A more expensive asset does not necessarily offer a better return than a cheaper asset.

It is not necessary to have huge sums to start investing. Small sums are enough to secure very good returns.

Personally, I love REITs. These offer superb dividends. And good opportunities for capital gain.

Their price is usually below $25 per share.

You don’t need thousands of dollars to start investing. There are great opportunities on the stock market for less than $25.

  1. AVOID OVERLY POPULAR ASSETS

In Monopoly as in Life, the most popular assets are rarely lucrative.

If I ask you what is the best property in the game, you will probably say “Promenade” . The last property on the board.

However, players rarely come across it. This makes it a less sensible placement than the series of Oranges or Reds.

ALWAYS AVOID TRENDY INVESTMENTS

Avoid overly popular investments.

Meme-stock, Unknown Cryptos, etc. These descend as quickly as they ascended.

And when you hear about it around you, the majority of the gains will have already been made.

It is better to invest slowly and surely in reliable assets.

And look for annualized returns approaching 10%.

  1. LUCK PLAYS A ROLE, BUT YOU CAN IMPROVE THE ODDS

In life as in the Monopoly game, luck obviously plays a role. However, this does not have as much influence as one might think.

Did you know that a professional Monopoly player wins on average 85% of games with 4 players. (If his opponents are beginners).

ADOPT A WINNING STRATEGY

The strategy you put in place plays an important role in your success. You have to make the right choices and know the rules of the game.

This is called, maximizing the odds in your favor.

Luck Plays a Role in Mlonopoly – But Your Actions Increase Your Chances of Success

By acquiring assets early. By creating sources of passive income. And not counting only on a salary. You maximize your chances of success.

The more the game progresses, the more your victory becomes certain.

You can apply the same strategic choices in your financial life.

  1. NEVER INVEST MONEY YOU ARE NOT PREPARED TO LOSE

When the have invested too much, one exposes oneself to risk.You should never exceed your risk tolerance.

An overly aggressive Monopoly player will have to mortgage properties to pay off their debts.

In the same way that an investor will liquidate his assets at a loss if he gets scared.

Always measure your level of risk.

Make sure your Investment Portfolios meet this level.

You will sleep much better at night.

  1. LATE SUCCESS IS NOT IMPOSSIBLE, BUT WILL BE MORE DIFFICULT

In life as in Monopoly, it is possible to catch up.

However, you will have to play your game well to come out a winner.

Someone who started investing early has a distinct advantage.

But it’s never too late to start investing.

You will then have to limit your errors. And maximize your earnings.

  1. YOU HAVE TO HAVE A LONG-TERM VISION

An asset bought today might not pay off for years to come. This is the very principle of investing.

You pay now to own the future cash flow that this asset will produce.

A Monopoly property pays for itself over time.

The same way your stocks, ETFs, REITs and other investments will go up in value.

There may be times when these seem less desirable. But the longer you keep them, the more profitable they will be.

The player who sees the long term will come out a winner. Plan your shots several turns in advance!

INVEST IN THE STOCK MARKET WITH WEALTHSIMPLE TRADE

Investing in the stock market is not that complicated. The first step is to choose a stock broker.

The big banks all offer this kind of platform. However, their fees are often very high.

For my part, I invest in the stock market with Wealthsimple Trade .

Wealthsimple Trade is a free application. No commission fees. And very easy to take care of.

10 MONOPOLY RULES ABOUT MONEY AND LIFE

Here are the 10 most important rules of Monopoly Money;

  • 1. People don’t know the rules of the game
  • 2. Do not rely solely on your salary
  • 3. Buy Assets Early and Make Them Work Long
  • 4. Always keep money aside
  • 5. Not All Assets Are Equal
  • 6. Avoid overly popular assets
  • 7. Luck plays a role, but you can improve the odds
  • 8. Never invest money you are not prepared to loseAdvertising
  • 9. Late Success is not impossible, but will be more difficult
  • 10. You have to have a long-term vision

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