Pass Go And Collect £1million: How Monoply Could Make Your Kids Super-Rich

Copyright, Belters News

Playing Monopoly with your children could dramatically boost their chances of becoming millionaires in adulthood, according to one of the UK’s most successful female entrepreneurs.
The classic board game encourages youngsters to take an active interest in money and, crucially, nurtures an instinct to “get more of it”, property investor and self-made millionaire Gill Fielding claims.
In the space of just a few hours – or longer if family rivalry strikes – children as young as three can learn everything they need to know about getting and staying rich.
It teaches the core principles of finance and helps to develop key decision-making skills that can be leveraged in the business world when they grow up, she says.
Fielding, who boasts a net worth of £15 million and who appeared on Channel 4’s The Secret Millionaire, believes children who can master Monopoly are twice as likely as their peers to become independently wealthy as adults.
Speaking yesterday at the launch of her latest book, Solving the Financial Success Puzzle, a practical guide to wealth creation, Fielding said: “If we want our children to become financially secure and financially responsible adults, then we must introduce them to money and financial matters as children.
“Profit-making games like Monopoly and others are ideal educational tools in this regard because they educate young people about how money can be earned, how easily it can be lost, and how to get more of it according to circumstance.
“These are key lessons in strategic thinking which, if fostered at a young age, will give aspirational children a significant edge over their peers and competitors when they grow up.”
The mother-of-three, who appeared as a business expert on The Apprentice, added: “There is no doubt in my mind that children who are introduced to financial concepts will, if they so choose, go on to become hugely successful individuals.”
Some 275million Monopoly boards have been sold worldwide since 1935, the year it first appeared in shops in the US.

Since then more than one billion people have played the game, which has been translated into 43 different languages in 111 countries.
For most families, Monopoly makes a customary – and row-inducing – appearance on Christmas Day. It is generally not considered suitable for young children because of the complexity of the rules.
But Fielding, who made her fortune through astute property investments across the capital, said savvy parents should introduce it early, and use it as an educational tool throughout the year.
Fielding said lessons learned on a board game can be applied in the boardroom in later life.
A weekly game, she says, not only develops youngsters’ numeracy and lateral thinking skills but teaches them about the value of money and how quickly it can be won and lost.
It also covers the basics of supply and demand while exposing young players to commercial risk, competition, and reward.
Fielding, who gave away nearly £250,000 to good causes on The Secret Millionaire, believes Monopoly and other profit-focused games give children “a thorough financial education” and are more beneficial than traditional toys.
“Clearly, the importance of play cannot be overemphasised,” she said.
“But whilst traditional toys have their place, they offer remarkably little practical value in respect of educational learning.
“Parents should instead consider playing more money-related games like Monopoly, The Game of Life, supermarkets and running a bank.
“Doing so will cultivate a positive attitude towards money that will stand them in good stead as adults.”
Fielding, the co-founder of property investing education provider, Fielding Financial, recently launched UK charity Money Mum to help young people and families manage their money better and safeguard their financial future.
It provides sound financial education based on five core principles – a ‘Financial 5 A Day’ – including how to budget effectively and understanding the future value of money.

She added: “With a positive and informed attitude towards money, there’s nothing stopping children from achieving financial success in later life.
“This is an important pursuit. Wealth creation is not an end in itself but the means by which people can become free to pursue their personal goals and interests.”