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What Monopoly Can Teach You About Smart Investing

Rich Uncle Pennybags may be the Jiminy Cricket to your nest egg

March 20, 2013 RSS Feed Print

I know when I played Monopoly as a kid, I usually lost; let's blame it on my misguided faith in the top hat. What lessons can you take away from the game if you aren't the winner?

Well, the first is to be glad it wasn't real money. Then you have to ask yourself, 'How did I lose it? What determined my money was taken from me?' Allow that instinct to carry over into your own life. You should realize someone else always wants your money. Losing your [Monopoly] money is actually a good thing—if you can answer why you lost it.

 

Tags:
investing,
personal finance

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