Are You Using Monopoly Money In Your Business?

In the Great Depression, the Monopoly game first appeared in the marketplace. Many children around the world first learn about money and business in this game.

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.

What are these Monopoly Money Myths? The first one is that money is limited. The game begins and ends with a fixed amount of money. The only difference between the beginning and the end of the game is the location of the money. At the beginning of the game, everyone has the same amount of money. At the end of the game, the winner has most of the money.

The truth is that Monopoly is not a money-making game. No one actually makes money in Monopoly because Monopoly is a zero sum game. This is why Monopoly is not a good example of what happens in business. A successful business makes money by creating products and services. Successful businesses are not zero sum games.

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.

When you create profit in business, you do more than create profit for yourself. You actually create more money. This is what profitable businesses do. They increase the amount of money in the money supply. In contrast, the winner of the Monopoly game does not create more money. In fact, no one makes money in the Monopoly game. This is the critical difference between business and 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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