The Monopoly game was created during the Great Depression. This game introduces many children to using money in business.
Players learn how to buy and sell property, collect and pay rents when they play Monopoly. The game is fun to play. It is especially fun for the winners.
This raises a question: Did you learn money lessons in Monopoly that make it difficult to make real lessons in your business? This game teaches several month myths can make it hard to you to make money in business. As long as you do business with Monopoly money myths, you will continue to struggle in business.
One Monopoly Money Myth is that amount of money available is limited. The game begins with a fixed amount of money. The game ends with the same amount of money. The only difference between the beginning and the end of the game is that the money, which was evenly distributed at the beginning of the game, is now concentrated in the hands of the winner.
The critical point is that no one MAKES money in Monopoly. Monopoly is a zero sum game. Compare the zero sum Monopoly game to what happens to money in business. In business, you create a product or offer a service that actually MAKES more money.
This is how it works. You create a product. The product costs you money to produce, market, and sell. If you sell the product for more than your costs, you make a profit. This profit is money that did not exist when you started the game.
In other words, you actually create money. You have not only added money to your bottom line, you have added more money to the money supply. This is the critical money difference between Monopoly and business. Profitable businesses make money. No one makes money in Monopoly.
Monopoly teaches players that money is a commodity in limited supply. Monopoly cannot teach the fundamental truth that the amount of available money is potentially unlimited because money is created in transactions. The more transactions occur, the more money is created.
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