![]() These jobs pay as much as (or even less than) a couple non-college jobs that you don’t have to fork over $125k to get. You have to blindly draw your occupation from the college career cards, and if you’re unlucky enough, you’ll be a computer designer ($50k per year) or a teacher ($40k per year). Of course, you can choose to go to college and then get the income shaft. College doesn’t always make a difference in your pay.Key lesson: Going to college to get a good career is almost always worth the cost. If you skip school, it’s likely you’ll get a low-paying job (like a hair stylist at $30k per year or a sales person at $20k) and suffer throughout the game. This comes in quite handy as there are “pay day” squares all over the board, so you earn your $125k back pretty quickly. professions that make a good amount of money (doctor – $100k, lawyer $90k, vet – $80k, etc.). Why? Because you can become a doctor, accountant, veterinarian, etc. Going to college costs you $100,000 in Life (you take out loans to do this) and you have to pay back $125,000 (interest, you know - another thing the game teaches), but it’s almost always a good deal. It pays to get a college education/the career you pick has a big impact on your life.Key lesson: In financial terms, net worth is the main measurement you want to focus on and grow. By using this measure, Life hits the nail on the head as far as I’m concerned - it’s what you keep that is the key measurement to financial success. In other words, you win the game by having the highest net worth at the end. The goal of Life is to accumulate the most money (assets minus liabilities) during the game. Let’s start with the good things Life teaches about personal finance: I thought I’d highlight these and detail how my wife and I used the game to teach principles of personal finance. Life is centered around financial principles - some good and some bad. One game my daughter used to love was The Game of Life (I’ll just call it “Life” from here on out), so when our family had an extra, oh, THREE HOURS or so we played it (ok, it wasn’t that bad, but it is a long game.) Fortunately, I got to be the banker, so I wasn’t bored all the way through. It was so fun to see someone else get loaded down with a stack of cards! □ We had every variety of the game including the one where it would shoot out a ton of cards if you were unlucky. If I had to pick one game that we played the most, it would have to be Uno. Then when we had our own family, games naturally played a big part in our entertainment time (to this day, my daughter and dad play Aggravation for money! LOL!) My dad and I would play Monopoly and Aggravation for HOURS when I was home from college - until 3 am or 4 am in the morning at times!
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