We have used the Monopoly game to teach our sons how to make investment decisions. Our sons, 10 and 6, have learnt the concepts of how to out-bid others in an auction in the game. For example, when he knows that everyone is having a cash flow problem, instead of buying the property outright, he will call an auction and buy the property at a price that is lower than the buy-now price.
Our younger one gradually understands the importance of maintaining healthy cash flows in the game, so his older brother cannot take advantage of everyone's cash situation.
It is one of the best educational games. It is not always about winning. It is a good tool for developing children's business strategies. (Note: I don't own any share in the company that manufactured Monopoly, LOL!)
No problem! Actually Monopoly makes the kids think before acting. The game embeds risk management and financial theories. For example, my younger son was hesitating about whether to borrow by putting his property on mortgage in order to buy the most expensive "Shek O". We seized the opportunity in introducing the financial concept of "gearing." Borrowing may generate higher returns although risks will also be higher.
Monopoly is also fun for all family members to be involved. Games actually help to promote family relationship.
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好犀利啊！！咁深奧既教育理財，我真係第一次知道可以咁。。THX!
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