Sunday, December 13, 2009
Monopoly Wealth Game
In class last week we were given the opportunity to see how managing money depends on your background. No matter how hard you work and how much you get paid, in the end it comes down to what you started with and your luck. We played Real life American style monopoly. In this game, each person started out with a different amount of money and had different advantages to what they were starting with. The wealthiest person had more than enough money and more than enough "stuff" worth in investments and ownerships. While the person at the bottom had barley enough money to keep going throughout the game until they were put into debt. From monopoly, I realized that wealth comes with a lot of advantages that we don't notice until we experience it. If you start off with more money, it doesn't hurt as much if you make a bad choice or bad investment. But if you start off with little amount of money, one little mistake can make a huge difference and make a big set back compared to what you really should be at. Not only did this game prove the wealthy succeeds, but in the penny toss game, it was noticed that if you had more you were able to bet more. Meaning that if you lost anything, it wouldn't affect you as much. While this all relates to real life, it can easily be determined that the wealthy stay rich because they start off with more money, and the poor may have more difficulty to beat the odds.
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