The Sport Of The Monopoly Board Game

Monopoly is a classic board game that is not only a fun game to play, but it also teaches children about the economy. Monopoly can date all the way back to 20th century, surprisingly enough it is still very popular to this day, and all of the lessons it teaches still remain as helpful as it did back in the 1900s. The first known version of Monopoly was created by Elizabeth Maggie, known as the Landlord’s Game and was patented in 1904. Later the original game was developed by Charles Darrow in 1933 and was based on Atlantic City, New Jersey. Today the Monopoly board game is sold in over 100,000 retail stores all over the world. The game of Monopoly doesn’t only exist as a fun game to play with friends and family, but as a very important educational tool that is helpful

This life lesson is extremely important because if you go through life never learning how to manage your money, your company or business could go fail and, in most cases, go bankrupt. If you learn how to manage your money at a young age, early on in life, you would be able to start and run a successful company. This skill is also very important, as it shows you not to spend all of your money on one stock, but divide it into multiple companies, just in case one of the companies fail, you didn’t just waste all of your money on it. Another important life lesson is to learn how to scale your investments. This is an important lesson because when you don’t have a lot of money to spend as a new investor, it is important not to waste all of your money on one big investment. Instead you could diversify your options and take less of a gamble. An example is instead of buying a large piece of land for 400,000 dollars, you could by four cheaper properties and those properties would produce more income compared to the one large property. Another important life lesson is to work for yourself, this lesson also holds true for the board game Monopoly because you are your own boss.