Your parents were smart

Hope you are earning enough rn

@@godcolor9722 thanks dude 😂 things are good now but that was a good lesson as a kid. Cheers!

smart of them!

Thank you for sharing. I like this idea a lot

Paul-Joseph de Werk Concept of just assuming how these complex things work

I remember once being denied a toy at the store when I was like 8 or something. My mother said "No, we don't have the money for it right now," and I replied "just write a check!" I was way young but still. I DO wish I had been given an allowance or something, been given the room to play with real money, and to live with the consequences of my own decisions as suggested here. Atm the moment I have 10k in consumer debt, but count myself lucky for having no college debt (no college education but still), and ONLY 10k in credit card debt... feels like I dodged a bullet tbh. I wonder if I had been taught to use real cash though if I would have even that amount of debt.

😂😂😂

The magic money machine!!

@@alecthomasquinn4438 wtf how did you get into so much debt?

great video and couldn't agree more. It is also the exact reason why casinos use chips instead of cash.

I just watched it for the first time. Very well done and relevant indeed. I don't have a regular income now and I'm making a point to A) keep some of my money in cash -- I love $50 bills anyway and B) record all my debit & credit card purchases on PAPER the day I make them. I also get monthly paper statements from my credit union. Recording this stuff on an app doesn't feel nearly as real to me. The Great Depression is what happened the last time there was such a massive increase in consumer debt. A lot of elite men assured us all thru the 2010s that it couldn't happen again, because financial "instruments" were more "sophisticated" or something. But the giant casino that is Wall Street + the City of London + secret Chinese accounts hasn't gotten any more responsible to the world's people.

Bladimir The thing is... money has always been an illusion.

@@TsunamiNR Can you illusion up me a 7 figure bank account :)

@@TsunamiNR Negatory, it used to be backed by the gold standard.

@@lincolnduke The gold standard is just fiat money with extra steps.

great video and couldn't agree more. It is also the exact reason why casinos use chips instead of cash.

in any case, real money was at stake.

+Glen DSouza But one form, the money was just a replacement for the paper monopoly money and the other reward. Would that not make them two separate variables?

+Will orme well you see, the two are interconnected...if nothing was at stake, then it would not matter if the children used monopoly money or real money or chocolates or whatever. only when a reward is introduced, the strategy changes.

+Glen DSouza Then why go through the trouble of using the $10,000 dollars to begin with? The point of the experiment was to prove that it does matter what the children used to play monopoly with.

+ah no the point of the experiment was to see if they changed their strategy when real money was at stake, ie there was a reward. if the experiment had no reward, then yes there wud be no point using 10000$

That's true

Losing $500 in stocks though doesn't mean it's gone for good. Stocks move, bad day, good day, you could lose more, or it could go right back up. You lose your wallet and there's a better chance that you're not getting that money back. Plus you've lost your ID, cards, lots of headaches.

Matt Nirmaier he said 'trading' where a loss is a loss, and you never hold stocks if things don't go your way. You're talking about investing. They both use stocks, but are different ideas

ENTERUSERNAMEHERE555 Exactly, always cut losses quickly if a trade doesn't go your way.

True

And then came their dad to destroy any sigh of altruism and humanity they might develop. Helping others make you lose the prize! Damn, that's bad parenting on a global scale level.

@@kleioleventi8716 I don't think that was the point

Definitely a big miss, along with teaching CRT, 50+ genders, and chromosome denialism.

yup, if you got 10 chips, $500 each and lose 1 you think. well i got 9 more. cheeky bastards

Eric Knight dude I never thought about that

it's the old (card player's) joke: the guy who created poker was pretty smart, but the guy who invented the poker chip was a genius.

it may be true that it is not legal to gamble w/ actual money in US casinos (though I feel there are places where 'cash plays'), but that is not "why" they use chips. chips have been in use for long before those casino laws came about. chips are used for standardization (to eliminate confusion). this dates back to the 1800s in America and further back in older counties. having gold nuggets, jewels and sacks of gold dust at the table makes it a "bit' hard to establish the value of a wager.

well, more than cash playing, I think the reason there are so many casinos on reservations is because that land is sovereign and not subject to US federal & state laws. before various states allowed casinos, they could still exist legally on tribal lands within those states. Since those casinos faced little if any nearby competition (early on, anyway) they could operate with much lower overhead (a "no-frills" or "less frills" approach) and basically print money for the tribes.

Not to mention if their identity got stolen, way worse than losing €20

You are correct in every way.

He should be angry at himself for losing the wallet. And he should be glad that at least some of it came back. Those are the people that never learn and always blame others.

Who keeps their passport in their wallet?

Kommst du aus Deutschland

Yardmaster's Wealth Education yeah but that’s not really the point. This has already been proven many times before with things like credit cards. When you pay with a credit card you never have to physically hand over cash which is how people can get so deep into credit card debt.

@@devonjoanna9884 I always felt exactly the opposite. If I'm spending cash, it's already out of my bank account. It doesn't affect me. When I pull a card out of my wallet, I can /see/ my account balance dropping. I'm much more likely to spend frivolously if I have cash.

@@devilslamp7306 most people would disagree with that as seeing a bundle of cash in front of you makes it all the more real and you are much less likely to waste that money

@@leansnscenes7806 I'm probably unusual in that regard. As a kid my parents never gave me cash or an allowance, and any cash I got from relatives for, say, birthdays or in christmas cards, they took and deposited in "my" bank account immediately. Anything I wanted to spend money on - if they couldn't talk me out of it - we went _into_ the bank and got a printed balance statement, withdrew the cash, and printed a new, lower balance statement.

dark web getting us bezos money

i'm scared

15/02/2020 - 60,000 in student loans, and £3k in consumer debt... someone reply to this in 5 years time and I'll tell you where I'm at.

@@RCOATES89 got it.

alright

Sent just now. The bird will arrive in about 2-3 weeks

😂

I can send you millions in monopoly currency

Sure, you can buy it online for $12000 (Free monopoly set included)

George Edwards Yep, send me 5 Bitcoins and I'll send you $10 000, plus 5 Monopoly games.

Well that must have been... Interesting... o-0

Nice well thought out response. I like your thinking. To me though, the lesson here is "Fk the system!". For the record, I'm quite well off. But I still see a system dependant on personal greed as highly flawed and currently holding mankind back. Give me the "Star Trek" utopia over capitalism any day of the week.

The lesson is.... print more money! Look at the success of Zimbabwe.

@@oldbatwit5102 lol Kudos.

Is there a lesson? How often is it that everyone is paid by the bank for passing Go and one of the players is a banker?

I think they lost the actual audio and had to take it from the microphone data.

@@nedboase7909 lol

Ned Boase this is more of a serious type thing hence the X BUSINESS SCHOOL. Laughing is a little less appropriate

So many people missed Aaron's true joke. What this guy was saying is a big joke, but nobody was laughing.

what jokes? this guy is a clown

+Fab Five Pickers (FabFivePickers) indeed

Great point!

Fab Five Pickers And that's why I decided to never ever step inside a casino in my life (if I can help it). Since I'm an impulsive 19 year old, I need plenty of restrictions on myself. :/. I still suck, but less :).

it takes extreme discipline to walk away. Especially when you are up on the house. Very good point.

Potato chips?

I don't think every kid is going to react same way but it's still a good way to know the nature of kid they have nature of responsibility or carelessness.

@@popebender1351 I also want to know

20£ each sunday. So 80£ per month .. that's sick for a 10year old

@@entealdenteytk7127 If she's able to afford that, then that's her business. It's often in relation to how much the family makes a year, so to some that might be allot and to others not so much. In the end, it's the best money every spent because it bought a LESSON.

When I was a teenager, I noticed that I had two kinds of friends. One kind was like me who got a fixed monthly or weekly allowance from their parents and not a Rupee (Indian currency) more for their needs such as eating out, going out with friends, buying cheap gadgets etc. The other kind didn't get any such fixed allowance but they asked their parents whenever they needed money and more often than not they got what they asked. Interestingly, even though the second kind got more money on average than the first, they had way less savings. Me and my friends with fixed allowance often made more intelligent and strategic decisions as to what to do with our money and plan for the future. So if there was a game or a gadget which we wanted which was to be released in the future, we would start saving accordingly. The other kind just felt that they would ask for money right when they needed it and mostly never bothered saving.

You had a wise father, Strato

You have a great father

@@nordenrana9696, @Mike Greenwood, the great and wise father would taught his kids how to do it for sure, and for this to be done he of course would have needed to learn it himself in the first place. The example above is like trying to teach somebody to swim by merely pushing them into the water from a pier and saying just swim. It works sometimes, sometimes it kills ppl and very often it makes em feeling fear for deep water for the rest of their life. Being a good parent is a bit more complicated than this. ;)

Schools would be better if they taught basic life skills like laundry and how to save money.

Most banks restrict the amount you can withdraw in a single day (mine is limited to £300, though digital transactions aren't counted toward that), so it's likely that it was a bit more complex than just strolling up to the hole-in-the-wall. Since he was intending to put it all back (minus the prize money), it's not too much of a shock.

ash G. He is speaking on a subject matter expert platform here on financial success. Maybe the point is made even better by showing he could pull that money out. He is a practice what you preach kind of guy.

Not an ATM, when you go inside the bank they will give you the larger sums. Most ATM's are restricted to $300 -$400 a day

ash G. He never said atm

ash G. It's not your in a limited mindset

Nop. In some property you have a bigger probability to land there than any other on the map. That these one you should buy and put houses or hotels first to increase your chance of winning. Not buying everything no matter what ^^

No, it isn't. Some of the properties will likely never return the money you spent on them in a game of reasonable length.

Yeah, it's the best strategy. My mind was blown when my maths teacher told me another strategy for Monopoly. Dice are most likely to roll 6s, 7s, and 8s - I mean, I already knew dice worked like this but I hadn't applied it to Monopoly. So you should build houses on groups like Orange, because every time you go to jail, you are likely to land on Orange. Light Blue, because every time you go round to Go, you're likely to land on Light Blue.

Flying Swordfish my strategy, albeit very evil, was to get houses down as quickly as possible. I did this because there was a limit on how many houses there is, and if you use them all up, and never turn them in to hotels, the other players will never get down a hotel, or even have enough houses at the banker to cost me enough to sell a house. Evil, yes, but I usually always win.

John Christian No, I think you do. Your chance of rolling a 7 with a pair of dice is 1/6. Your chance of rolling a 2 is 1/36. The dice are still fair.

You should always buy everything you land on.....................want to play me at monopoly? i'll bet you $20 :)))

I will raise the bet to $50 that he will beat you with the wheelbarrow kid's strategy, assuming you don't have the exact same strategy.

@@xxtradamxx but to get them you have to trade you can't really expect to get them all the time. FYI I do this too.

I play that strategy

@@mqrkusbrand5494 I do this strategy two, but adding the reds. The reds are a little more expensive, but much more acquirable with good odds to land on them.

My mum told me that games are abstract but money is real. (obviously you must say this from time to time.) Also let kids know the economic situation of the family(as in bills, taxes, and income), and when they grow up (to like 16), kindly persuade them to seek out jobs like McDonalds to teach them that money is earnt through blood, sweat and tears. I don't even want to buy a $2.99 game now

The reason why this isn't ideal is that you haven't learned how to manage money on your own without them. An allowance for chores system gives kids a chance to learn how to manage money. When kids mismanage their allowance, they get to learn their own lesson from that experience as well.

I actually really like this concept. I've never been good at saving money but I know I need to start or I'll never be able to start my own independent life. I've tried various methods but always end up back at square one. I just wish I could keep myself accountable and be responsible with it. But I will try this for sure. Thank you, if nothing else, for the inspiration

Haha yeah

nice example lol

lmao

facts

There actually isn't really much of a western Somalia lol.

Your mom sounds exceptional!

You're the first person I know who enjoys lesions.

@@SharatS Skkfjdjsksncxjfk

Disease can result from not keeping your hot water hot enough. Water heaters harbor the organism that causes Legionnaires Disease, then you breath in the micro water droplets while showering or washing dishes, and other activities.

I suggest following the CDC guidelines for water heater settings, plus adding the anti-scalding devices, as the CDC recommends, so that especially children and the elderly aren't harmed while showering, etc.

Idk if I agree with this one. There have been many rises and falls of companies. But I will agree, that most people who get rich don't loose it.

LoL

LoL they have ZERO control over the world 😂😂😂 If you only knew the laws that govern this place, you would be shaking in your boots ready to give all the money and ‘power’ away.

Not really, at least for the Rockefellers. At least some people got control.

Man I'm gonna play that game again.

You can pretty much buy everything as it becomes available in that game if you loot everything tho :/

Kids play CS:GO to learn management of economy... Im an example for it.

AntVision I said *PLAY* and gambling skins isn't playing. So im not wrong. Even if I am, that is not the proof :P

I got some good things on sale, stranger!

Kids are usually smart if the adults don't stop their curiosity but as he said they are "subtly guided". Child capacity for learning is incredible.

James Bond k

Someone attempted to sell my 7 year-old a pair of goggles. She refused to buy. When asked why, she said, "Opportunity cost." Yeah, they are smart.

Carl Sagan, how smart is he?!

+ogi22 agreed 100%. It's not about preventing them, it's about guiding them in the right path

About 15 years ago at age fifty I was visiting my 30 year old daughter, that evening she and her husband had a couple of friends over with which they played monopoly on a weekly with basis. They invited me to join them. Normally, I not a gamer but found myself saying yes to have some fun. I played the game the way his kids were playing with each other at 1:40. After bailing someone out of jail and paying rent for some who could not afford it one of my daughters friends said “I don’t think your dad knows how to play this game.” She said oh he knows.” When the game was over, I was the winner both financially and spiritually. And her friends sat there in disbelief! Saying, What just happened here? This is not possible!” Oh yes it is more so in real life than in some game. Love and compassion for others always wins!

YES! I Love it! When you start to give just a little it is so empowering. Once in perspective, the less important tools like money seem to follow. But only when you are ready.

Exactly! And that is how co-ops can and do operate. Take out the financial bullies and sort it out between adults.

Nice ideal, but most of my early friends never paid me back. Not joking.

Baha what a liberal comment. Good luck with that. Time tells the story. Love doesnt pay the bills. Work does. and one will always outwork another. And man is infested with the desire for more which creates power and greed

Its probably because you trick yourself into thinking that you'll be all out of money when you spend the last bit of cash in your wallet. Or because you realise you have to pick up some more if you're out of cash.

I guess you live in the US and your card does not have a chip code yet?? The old ones are so much easier to be hacked...

If your like me when you use cash it hurts a little in your gut when you physically had money to someone.

+Chris R I was thinking about that whilst watching that wince that passes through you as you hand an amount of money over

+Chris R that's me I get norves when I buy stuff and sometimes I regret it

That used to be true. Have you checked interest rates recently? Compound interest only works if it is higher than inflation, otherwise, you are giving your money away.

​@@thetawaves48 Well, no. The money experiences inflation whether it is in a bank or not. So you aren't giving it away at all. At the very least you are maintaining the REAL value of the currency you own. And I am not going to get into how loans and reserve requirements work, but you get the point.

FrankTheTank1007 better to invest rather than let money sit in a bank. If one invests, depending on what in, there is the potential to have a return more than you would get with money in a bank. (Almost a certainty if one knows what they are doing)

A few weeks ago I walked into the bank and spoke to a “financial advisor”. We were discussing CD. To keep the numbers simple, I asked if I put $100 in a one year CD, how much would she give me back at the end of the year. She actually had to do the math. Then she did the math again. At the end her face went a little sour. She said $101. I said, thank you, I’ll be putting my money somewhere else. She shook her head and looked back at her calculator. She shook her head again as though unable to believe what she was seeing...

Lee Jones yup that's it building the wall

Must have been ruff...at least you can say you are self made.

😂

A million yen.

loan

When Monopooly was first invented it had a cooperative version, and the point was supposed to be to show how much better things were if everyone cooperated.

U commie

🙄

Sean Elliott - And were being creative instead of just zombie slaves to the rules.

I saw that as well, but I think his point was very valid nonetheless. Imagine them lending money to people like that when they're older. Money doesn't work like a boomerang unfortunately, and from my experience you should never lend to friends or family unless you have a signed agreement, if at all.

Adults who haven't learned this lesson early on need to learn it the hard way. That leads to lasting change.

Mitch Burns I used to sell candy for yu-gi-oh cards in grade school lol Seto Kaiba is the reason I'm in business today

Mitch Burns wait, like a pack of 5? Every other week? That's rough...

Caleb McCall I think the packs had more than that in them. And not really. I was buying cards way faster than any of my friends. I was the rich kid in my group. You just must be really rich or something, or spoiled.

Mitch Burns grow bud!

Mitch Burns I did the same thing but I would buy weed and sell most of it, making all my money back.

i have around a 100M

SilverLight I can make 500k with one 8 minute sale lmaoo

This was gta 4

u r the perfect example of stupidity lol

I have 40 mill

True, it says right on the bill "THIS NOTE IS LEGAL TENDER FOR ALL DEBTS, PUBLIC AND PRIVATE." The bill 'represents' a value.

@Favel Konefka. Actually it's closer to the BALL in sports games. Everybody wants to have possession as long as they can. The better played (investments/durable goods) the higher the score. The speed of transaction is facilitated by the amount of 'currency'.

By definition " a medium of exchange" superseding the original cumbersome bartering system with,as is well known, silver and gold before banknotes. Also originally backed by government gold reserves which are lagging these days behind the 'quantitative easing policies' - just print more fiat money - then hope for the best.

This comment is very underrated. I bet only geniuses can truly understand this comment.

@@stm7601 Apparently there is a significant number of Mensa members interacting here who substituted Melbourne for that area north-east of Melbourne which went missing in that tweet. Thanks for bringing it to my attention.

Alex Banton now 2 500 000

Im part of it

Not me

I’m next

Man, I wished I had a girl like that layin around.

alovelylifex he probably had it in emergency savings and just temporarily took it out (he put back all but $20)

I wish I had 10k in emergency savings. Hell, I wish I had 1k in emergency savings.

zeke1220 y

You're probably earlier on in your career than he is though! :)

+Brian Miller Magic I just saw your OWN TEDx talk. It was amazing. And even though I would question the comment you just made on THIS one; I would not say that you are wrong. What I would ask you is WHY you made this comment? What were you considering that perhaps I was not? or maybe others commenting on this video, are not? After hearing you speak on perspective and connection...something of which I think about all the time; though I have not gone through the trouble/joy of becoming a high-quality magician - I came to sense that you are a THINKING person. One who maybe directs his thoughts with initiative, rather than falling prey to the thoughts that might come un-bidden into your head. But even if I'm wrong...you gave me certain insights that I had never considered in quite the way you had. For that, I am very thankful. I am the type of person who will argue or discuss things with someone NO MATTER their qualifications. If Einstein were sitting across from me RIGHT NOW, and made a comment which I felt did not align with my own experience - I would call him on it. But I would not discount his own experience or viewpoint simply because it differed from mine. In your Tedx Talk video, you spoke a little on that - at least on the idea of getting into the hearts and minds of those you want to share an experience with. This keeps you from being limited to your own, unique way of seeing things. You go from being a closed-limited system with FINITE possibilities for understanding relationship, to an INFINITE OPEN system, allowing fresh possibilities to spring up and surprise you.

+Carlos DICK IZAS Thanks so much for your opinion! There is a charge on both sides of this equation, isn't there? The wise man sees both sides. The fool clings to his limited viewpoint, claiming that that's all there is to the Universe. The trick is to be both the wise man and the fool at once! You must hold on to your beliefs with all your power - because that creates the POWER in the first place...and yet, you must discard a belief that doesn't WORK in an instant, in order to TRANSCEND the need for that power in the FIRST place! *laughing at self*. The desire for power comes from our belief that we are SEPARATE from ALL THAT IS; and that this ALL THAT IS somehow seeks to destroy us. Once we truly realize that this is not the case...power-seeking will cease! I'm still in the stage of seeking power, though! An interesting side note - try using contractions like don't, won't, isn't...post your comment. Then, go back and edit your comment. You'll notice that those contractions are replaced by UKposts with shifted number characters. The change remains constant even when you click to re-save!

Brian Miller Magic , 😌 de qué se trata

Brian Miller Magic der

indeed

when i was young, my grandmother, who raised me, always told me to save my money. a much better idea would have been to...INVEST my money. my advice to you...start now, and continue to increase what you INVEST. keep doing so and don't focus on how little it seems that you put in or how little it seems to grow. INVEST your money.

@Nick Gurr agreed, Nick. and avoiding debt is huge, especially when it comes to the random and useless.

I should save...

Sounds like you made a huge life decision, having a child, before you were financially ready to do so. That's a poor decision you and many others make just before you complain about the costs you face. Sorry buy it negates your entire argument.

Given that he can walk over to the bank and withdraw $10,000 with the aplomb most of us would spending $2 on a candy bar indicates that he is probably a multimillionaire. Nobody ever makes that kind of money without being ruthless, and most are even sociopaths.

Yonkage He didn't necessarily have the money. $10000 personal credit is not that hard to get if you have a mortgage, and would cost you about $5 for the weekend. What bothers me is that many never know they have this money available to them and end up paying credit card debt or the like instead of managing their debt and overcoming it.

Yeah, like when we ousted Hussein because he wanted to adopt the Euro! Forget the fact that he'd been committing atrocities for years. The U.S. only intervened when their precious petrodollars were threatened. And we came out richer...oh wait, no, that war drove up our debt astronomically, didn't it?

My exact thought ...

Haha I liked him right away.

its because who doesn't

Oversimplifying things, how parents do trials and errors with parenting styles on their first child to see what works and what doesn't to use as a basis for their other coming children can also be called as "unsupervised psychological experiment".

Isn't that what children are for?

@@bethyelise.x Don't you think it's rude to laugh when someone is speaking? Especially at an important speech.

+EseKanayo2 That's wonderful to hear.

+EseKanayo2 just dont let yourself forget..

as long as your not a little girl who can't make an educated decision then you will do fine

+Pavel Sivi I wonder why you needed your response to be so abusive to others? If you have experience to share, share it. The world is full of people who have not had the same life experiences as you. Do you condemn them so easily?

Mike Martin i know that was mean. sorry. but from my perspective they look really spoiled

I felt so bad for him lol

It was a tough crowd, to be fair

Eat your cereal

You can hear them laugh in the background, it's just the crowd isn't miced so you don't hear it as well as a recorded standup show for example.

No, they actually laughed for the first time. But after second one they were silent and that's predictable.

Great takeaway.

Its the best method of living to demoralize a majority

Isn't that your perspective? Most people would not work if it were possible. And you should also know that when you work, you are creating products or rendering services to others, everyone likes to be treated well when going to a store. Work is a way to satisfy the desire of other people (consumers), money is a tool to exchange your work for something you want to. You wouldn't like to receive a chicken as payment in your job lol.

Yes comrade we must apply the teachings of the beloved Karl marx to our flawed capitalist system

"Most people would not work if it were possible" i highly doubt that. being unemployed is a common cause of depression and other psychological problems even among financially secure people.

IKR! i wondered if it was impulse or something he thought out.

No u don’t buy the ones that give u like 2 dollars it’s a waste

@@sloth1021 no you buy everything with no exception.

@@sloth1021 You buy them then trade them to get sets

@@sloth1021 if you can get them quick you can get up cheap hotels very quickly and get easy wins. But like everything monopoly, it's almost entierly about luck, outside of trading skills (but if you got nothing of value you're not gonna manage to trade, at best you can get a low chance of winning by trading "unfavorably").

Agreed. $5 really fun game on steam? No. Tiny little souvenir that I'll only look at every once in a while for 30$? *H E C C I N Y E S*

this is a logical decision process and you shouldnt change it. digital isnt inherently valuable.

@@Aaron565 i know but you have to know what I mean, compared to other prices in the digital world $1 is pretty much, especially as you often don't pay anything

my reasoning for acting like this is that my parents arent exactly fond of online purchasing...

That's all about how you value things. But that isn't his point. Buying an app on the phone is so easy, and you could do it with barely a thought. While buying ice cream w/ cash requires pulling a physical amount of colored paper out of your wallet (and seeing how much other colored paper you have left) and then giving it away, mentally these two things feel different for most people.

If you can't come up with $10k, you probably shouldn't have kids.

Just take a load of this socialist commie

The fact that he equates student debt which is for tuition with consumer debt is proof that he is out of touch. Students have debt because they cannot afford to go to university otherwise. IF they opt not to go into debt and take a low paying job instead of getting an education that gives them upward mobility they are more likely to be in a worse financial position in the long run.

It's called being financially smart. The average male and female in their 20's spends ~25% of the income on food alone. One person can live on $25 a week in food. People buy at work and on the road and eat out all the time.

@@jaem.1565 not just that. Most high school students are also very much in debt. Some debt is indeed for uni but some is unreasonable. There are adults too who have a high consumer debt because they just spend lavishly

I'm weirdly the opposite

@@anthonyamrozowicz1161 nah that's not wierd. Im the same. When i have cash i spend it all, but i try to save to not get into a debt.

How can I go back and grow up poor, though? :(

***** Can I also receive an education in insulting random strangers? :|

James Bauer man thats is so true, i lost my jon, and since have started building my business, but when i lost my job it was a blessed curse because it taught me the VALUE of very little money, and how to be content with what I have! So true!

you don't have to grow up poor just experience it such as live on the street's (i'm not saying to go do this) i'm just saying that it's possible to experience being poor (fyi i grew up in a family with not much money at all)

The speaker says "children see money as limitless". Must be nice.

+TimeTraveler What made him proud was that they began considering the implications of their spending; the consequences. They didn't stop caring, they just stopped being careless.

No it's not. The best strategy is to buy the most costefficient properties, which are in the middle of the board. Which is also reinfoced with the moving cards that say to go to said land.

@Shadow0013 you're wrong. You buy everything, then mortgage what you don't need to keep buying. Having one of every color prevents other players being able to build houses, and gives you a better chance to get a set, any set. The most cost efficient sets are the second set of every "street". I would beat you 3/4 times (barring perfect rolls) with your strategy by buying 1 of each of the sets you want, and setting up houses on the Mayfair/Boardwalk set or Pentonville Road/Connecticut Avenue set because you didn't buy any of them. GG.

Buy all that you can then once you have 1 monopoly and one of every color you slowly choke everyone else out. And don't trade except for an obserd amount of $ and properties. Yes I am not fun to play monopoly with but I win most often.

@@RamonNZ nah, at the WC of monopoly they all did what the other guy said.

Osjey you’re joking right?

Daniel Ensor Thank you. I'm glad someone finally said it.

And it almost all because of govt school loans and scholarships. By "helping" some, they screwed everyone.

should make it free for everyone, like we have it in europe. boom.

College is expensive but doable. Community College and now cheap online options are available for everyone to get a quality education without going into debt

There are plenty of good paying skilled trades that require maybe two years max mostly one year at a technical college and cost significantly less. There are loads of grants and aid options for trade schools and the pay is very good for the work. College became so expensive because everyone got told they had to go to college to be successful in life and that’s simply not true. College today is only a good return if you go to a field with job openings and very high starting pay, otherwise it’s useless debt.

I think he ruined their chances of starting a business together in adulthood

Austin Bauer Thanks for the comment, Austin!

Adam Carroll хуита

Sounded like the point of the whole thing was to see if they would change how they did things.

Couldn't they have played Monopoly with the fake cash and then keep the 20 dollar reward?

i think he works for banks or sth like that and he wanted to make ppl think in certain way. Or he is more delusional and brain washed than it seems.

I agree. I think a better experimental design would have been calculating a ratio (so $1 turns into 1 cent -- the $500 become $5, etc) and literally winner takes all ($100 total). That would've combined the two variables into one (real money and reward is equal to that amount of money instead of an arbitrary amount).

yeah but at least its a physical thing, not numbers on yet another screen

All money is FIAT. It's a mistake to forget that or over-look it. Glad you caught it! Tx

Really? Are my bills abstractions too?

Greg, yes. Its paper/cloth people have placed value on. What that paper is actually worth (meaning what it will get you in trade) is constantly changing.

So True!