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Finance Lessons You Can Learn From Monopoly
You loved playing the game as a child, whether you were the one who swept the board or you lost to your crafty grandmother. But did you know you could learn some tips and tricks from the game that you can apply to real life? Here are five things you can learn from Monopoly.
1. Take a chance. If you have a chance to invest or purchase a home, take advantage of it. It also means if you have a chance to learn something new, you should jump at that as well, because it will give you knowledge that you might not use right now but that will be invaluable in the future. When the opportunity later becomes available for you to make an investment or get into a business, you will have the tools ready to seize the day.
2. Build wealth. In the game of Monopoly, you go around the board accumulating properties to be able to charge rents and later build hotels. In real life, you will have the chance to make small investments at first, perhaps stocks or certificates of deposit. Use those to start building your wealth and your portfolio.
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