What Monopoly Teaches You About Real-Life Money : vimarsana.

What Monopoly Teaches You About Real-Life Money
GOBankingRates
2/3/2021
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Monopoly
Monopoly first hit shelves in 1935, and since then, more than 275 million game sets have been sold, Time reported. Although the game is ostensibly about buying and selling Atlantic City real estate, there are a number of valuable money lessons you can learn from playing the ever-popular board game.
It’s Better To Invest Your Money Than To Stockpile Cash
“Although having an emergency fund is a great idea, there are important drawbacks to having too much cash,” said Andrew Latham, certified personal finance counselor and managing editor at SuperMoney.com. “It’s like Monopoly players who keep a tight grip on their initial $1,500, stash away every $200 they get for passing go, and never invest in properties or hotels. Sure, they may be cash-rich at the beginning, but they will never win the game. Of course, life isn’t a zero-sum game, so you don’t lose at life because you save too much, but it is certainly suboptimal to have a large cash reserve languishing in a checking or savings account — your money doesn’t grow. In fact, you will most probably lose money every year to inflation.”

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