In that case, you're playing a different game. Remember, market daily because that frequency is important to get in the results that you want. Never delay an opportunity. If you're 65, your risk tolerance is lower than if you're 22. Make sure that there is space in the middle, as this area will be utilized as the “pot” where the chips are placed during the game. The company's checking account went down to $13,000, and I had payroll, commissions and everything to pay out of it. Or if you're 62 years old and you've already hit your numbers, your risk tolerance is lower because your time horizon is lower. – Residual Income, Self Storage vs Single Family Homes – Are Storage Units a Good Investment, How To Build a Team Out of State for Real Estate Investing, How to Calculate Rental Income – Huge Mistake Most. Do I Really Need One?What To Do If You Are Being Bullied – Dealing With BulliesThe Next Real Estate Bubble – Is Economic Collapse HereWhat Is Residual Income – Where To Invest MoneyHow to Lower Your Risk In Real Estate – Real Estate RiskHow To Improve Communication Skills In The WorkplaceThe Unexpected Flaw With Logic – How To Get Inspired & Use Your IntuitionWhen Life Knocks You Down – Patriot Day4 Ways To Save Money – Live Within Your MeansThe Power of Belief – Your Mind is PowerfulWhat is Cash Flow in Real Estate? If you want to have a million dollars by 10 years from now, first start with what do you have right now. For example, if their philosophy is to do heavy-duty taxing, you need to adjust accordingly. It's very simple. – Why You Need To Be WealthyUnconditional Love vs. If you hate money, you'll never get money. – Q&A #11, How To Get People To Like You – Oracle, Warrior, Healer, Visionary Personality Types. Next, don't be a hater of money. The Truth About Money – Is Money The Root Of All Evil? Amendments - June 2015 (PDF, 345KB)* Amendments - June 2015 (DOC, 188KB) Snake Eyes. Focus on your risk tolerance, and play according to that game. But I also like other things in my life. At the time, the Dow Jones was down to 6,000 something. I see so many people that see it as $100,000 and get arrogant and cocky. Once you learn the seduction game with money, all of a sudden money starts coming from all over the place to you, because money's turned on by people that know exactly what they're doing. I Need To Sell My House – What To Do If I Can’t, How To Succeed In Real Estate Investing [40 TIPS] – Part 4, How To Find A Mentor – Kris, Will You Mentor Me. Your goal of this board game is to become rich and get as much money as you can. And money doesn't like to be bored. Turns. Hi and thank you for visiting The Money Game's official webpage we are a new small company "The Name Of The Game is Greed" LLC presenting a new game we called The Money Game its a game of probability and chance that can be used to learn the basic fundamentals and rules of investing money and working with other's in a fun way that could be applied in real life investment's and business … You need to play YOUR doubles game. 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Don’t market weekly, don’t market monthly. Where to Buy Real Estate – Near Home? This is a good place for you to learn, you got to learn it from people that have played it successfully, that can then show you the rules of how to play it successfully. The major features different from most Rummy-style games are the limited purchasing (ten) of additional cards and the winner wins all the money used in the game. The players must immediately pay the Bank the printed price of each. Start a business! Over a year, it's $162,000. When you provide value, you are rewarded with money – among other things. All kinds of things are for sale when there's an end of the world type of mentality. Building wealth is a piece of cake when you understand the doubles game. Oh my gosh! You say to yourself, "Oh my gosh! Let me explain what boredom means. And the more that people make money, the more they'll continue to do business with you. The great thing about any game is that no matter what game you play, you eventually get good at it. The thing you have to respect about Warren Buffett is that he sticks to a philosophy long enough until it works. Only you can choose that. What you don't realize is that you need to look at that $100,000 as $8300 a month income for a year. Every time crisis happens, a LOT of people become wealthy. A player landing on that street had the option to buy if he or she had money (or could raise … Rule #1 is the most important one, and it's the one you have to buy into immediately. Listen, I'm 6'4" and weigh 240 pounds, and do you know how many times I've paid first class? Play your game. WOW! As an entrepreneur, how do I grow my business? 4 Signs That You’ll Find Success In Life – Habits of Successful People. Diversification is a great concept for financial advisers to sell to people that want to play things safe. Because that’s exactly what you’re doing right now. But this is a completely different story. Problem Solving – Communication in Marriage. We got all of that coming up next. The next money rule is index. 2. For most people, the reason why you don’t have a lot of money left is because you don’t now how to play the money game. So matter what country you live in, no matter who you are in the world, I want you to understand, society or family or those around you cannot tell you who you are financially. In the first round, each player is dealt three cards. Never delay an opportunity. And when you fill out the doubles game worksheet, be sure to have your game, instead of someone else's in mind. Each pip dictates the play. And you got your first check at the age of 14 for $100.00. Rule number one, market daily. At that point you may want to buy a private jet, but don't pay for first class until you get to that point. For instance, if you have $17,000, you'd ask how many doubles do you need to get to a million bucks. This is one of my kids’ favorite games. Once players run out of new recruits to bring into the game, the money dries up and everyone waiting to reach the center comes up empty handed. The Banker in MONOPOLY: Select as Banker a player who will also make a good Auctioneer. If I pay $2,000 for a first class flight and I can get on the same flight for $500, that's $1500 more I'm paying for the flight. What Does A Property Manager Do? Let me explain to you about seduction. Private Money – No Money Down #8, Best Places to Invest in Real EstateHow to Qualify for a Home LoanReal Estate Risk ManagementHow Much Should I Save for RetirementReal Estate Cash Flow AnalysisHow Much Money to Invest in Real EstateHow to Learn About Real EstateReal Estate Marketing IdeasWhere to Buy Real Estate – Near Home? I hire very, very slowly and fire very fast. Right now, place your money on a paper plate and put it on the floor by your feet. That's it. Everything is leverage. Not your credit card limit, but how much savings do you have left? Let me explain it to you this way. These are the three rules I find that for any entrepreneur, anyone that wants to know, How do I grow my money? And I'm not talking boredom money. And you have to be ready for it because there will be opportunities, if you're prepared. There is value in the fact that you know how to live check to check. Great. I know you may say, "Pat, you talked about boredom." Seated around a table or on the floor, arrange all the LCR players in a circle. Money can be loaned to a player only by the Bank and then only by mortgaging property. Income is a very, very important game, so don't get too crazy about big check syndrome and all of a sudden fall for it and lose everything. Everyday, find a way to market whatever opportunity you have for producing money. Okay? You can't say, "I'm going to play my game at the level with the other guys" because when you do that, you make reckless decisions and you may lose a double. 3 Best Entrepreneur Books – Have You Read Them? What do I mean? Rule #1 is the most important one,  and it's the one you have to buy into immediately. Let's hypothetically say you sell real estate. Next, don't pay to fly first class until you have $10 million in the bank. The Game of Life game is full of surprises If so, you will fall in … So how do you do that? People sell exotics because they can no longer afford them. The crisis account that I had is what saved us. If the limit is increased in an existing game, thereby increasing the buy-in, existing players are grandfathered; they may play the chips they have on the table at that time. And remember that you can listen to society and the world about how to play the money game but I wouldn’t listen to them and I wouldn’t follow by the rules ’cause at least in America, 97% of us, we’re going to retire poor, we’re going to be relying on the government or we’re going to be relying in charity or family members which means that society doesn’t know how to play the game. Especially for higher up positions, I hire very slowly. Let me explain. 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Is Real Estate Hard? How much compounding money was lost simply because people thought it was the end of the world? I'm talking to people that are trying to get their doubles to go faster. They are four or more doubles ahead of you, so it's not the same game. To play the Game, you must be an individual person and aged 18 or over. Last but not least of the rules of money is big check syndrome. I'm talking about leverage, period. There are three changed rules for this Short Game. You're five doubles away from $32,000, 13 doubles away from having $8.192 million, and 14 doubles away from $16 million dollars. From there you can determine a time goal for each of the doubles to meet your goal within 10 years. It’s great for kids and adults to play at any speed, from beginner-friendly to fast and furious. Think about this. For instance, you should read everything Warren Buffett puts out. Select a player as the banker who makes a good auctioneer. The question is how much is left in your wallet? Each player took a coloured pawn and would have access to a small supply of "houses" of the same colour, but, the houses were retained by another player acting as "agent" until needed. Let me tell you what I mean by big check syndrome. WOW! You’ve got to know yourself when it comes to money. It's okay to be a sissy. Obviously, I can afford to do it, no problem. I don't pay first class. That's four employees or marketing or expansion. When I say leverage, I'm not talking about going into debt. Is Real Estate Hard?What Is Unconditional Love In A RelationshipHow To Develop Effective Time Management SkillsInvest In Real Estate – Q&A #3Ways To Save Money On A Tight BudgetThe Power Of Your MindIs Renting Out A House A Good InvestmentHow To Learn A New SkillHow To Manifest Anything You WantWhat Does A Property Manager Do? A lot of people are sissies. There’s rules to the game and there’s ways to grow it, there’s ways to waste it. Why? Do I Really Need One? HELOC? Then you play the doubles game. For instance, in our company we have strategic partnerships where a lot of people make money. Listen in here as I explain what I mean by comp plan. I'm talking about having cash said aside so that when it's the end of the world, you can buy stuff. If you're watching this and you're 73 years old, diversification may be good for you. Because everything's on sale when there's a crisis. But if all you’re doing is check to check or barely getting ahead, you don’t have a great strategy for getting where you want to go then yeah, you’re not playing the money game, certainly not intentionally and certainly not by my rules. A secret account is what saved my business when we were going through a difficult time. As I said in point three, one of the most important ways to win the money game is to play the doubles game. MAY RESULT IN COMPENSATION PAID TO ME PATRICK BET-DAVID BY THE SELLERS I RECOMMEND. Why are you comparing yourself to them? If things aren't in the right place, we need to move on. Take a look at the LCR game rules provided by Plentifun, and start playing. Can you take that $1,000 and double it to $2,000 in the next year? I've flown first class many times because I have miles, or people pay for my flight. Then I realized how you become wealthy during those times. And make no mistake, it is a game, right? “This round will be done in silence. In each successive round, the player to the dealer's left... Melds. Number six of the rules of money is boredom. So a lot of times people are fearful, and think it's the end of the world. So it goes to someone else that knows what to do with money. Because money doesn't like haters. It’s as simple as that. So I don't pay first class. What do I mean by double your money? Help us reach our goal of 18k supporters this year! Look at it as $8300. They don't realize it's just a big payday. Let’s look at how you’re playing the money game right now. OPM? So for those that can keep our cool, there’s money to be made. If you struggle with money, it's not your fault. During PREPARATION for play, the Banker shuffles the pack of Title Deed cards, then the player to the left cuts them, then the Banker deals out two, one at a time, to each player. But here's how I did the math. It's an account no one else - including your spouse, parents, best friend, siblings - knows about. If I've never played chess, and you've played it 100 times, you're probably going to beat me. At the end we will talk as a group about the experience. No Money Down – Strategy 1: Move Into Equity, Can I Use My IRA to Buy A House – No Money Down, No Money Down – Advantages of Using Credit, What is a Sandwich Lease – No Money Down #5, Double Dip on Commissions – No Money Down #6, Laws of Attraction – Patience And Time – The Law of Gestation, Laws of Attraction – The Law of Alignment, Laws of Attraction – Finding your Purpose, What Is a Sandwich Lease – No Money Down #5, How to Buy Multiple Investement Properties, Laws of Attraction – Finding Your Purpose, The Pros and Cons of Real Estate Investing, How To Take Control Of Your Life And Be Happy, What Is The Importance Of Perception In Learning, The Power Of Ambition – Why Ambition Is Important, How Much Do I Need For A Down Payment – First Time Home Buyer, What Is Cash On Cash Return – The #1 Most Important Figure, I Am Limitless – Jenn Blosil – AMERICAN IDOL – Amazing, 5 Public Speaking Tips And Tricks – I Demonstrate What To Do, What is Equity – Real Estate Treasure Hunt – Residual Income, Simple Change Makes You Powerful – Your Words Have Power, How To Spend Less Money – Become Obsessed, Secret That Guarantees You’ll Be Rich or Broke – How Money Works, What To Do If You Are Being Bullied – Dealing With Bullies, The Next Real Estate Bubble – Is Economic Collapse Here, What is Wealth? In your entire lifetime, how much money has gone through your hands? Stock the bank’s money on the edge of the compartments in the plastic banker tray. Why is that? Every single thing. Here's a question for you. YOU SHOULD PERFORM YOUR OWN DUE DILIGENCE AND USE YOUR OWN BEST JUDGMENT PRIOR TO MAKING ANY INVESTMENT DECISION. And all of a sudden a client wants you to sell their $3 million home. Each completed game level gives 1 knowledge point in Count money. Sit 3 or more players in a circular formation. Why? She then goes and finds another guy that says, "I like a girl that takes care of her body and skin, and puts on makeup. The player with the most money at the end of the game wins!" Instructions: (10 min.) Because you have to be ready for a crisis. Would you rather take a half a million dollars up front, or take a guaranteed income stream of $100,000 over 20 years? Why would I waste that money? That's all good. I see so many people spending $2,000 on a flight when they can spend $400. Listen in here to see what I mean by index. And for two months you live as if you made $100,000 in a month. If somebody's extremely wealthy, go to dinner with them. Each player gets to select the pewter pawn. So the great thing about the money game is that it can be learned. Because certainly, there are people that are doing less than that. Cash Flow for Kids (6+) 2+ Players. The moment I'm done with somebody, boom, they're gone. Miscellaneous Loansharking. Number three of the rules of money is that money is a doubles game. If you're around people that don't make money and don't know how to make money, you won't make a lot of money. People ask, "Why did Warren Buffett spend $35 million to buy silver six years ago? But I don't pay for first class myself. Think about it for a moment. And the rule is that money is a game. What's a secret account? No, no, you need to seduce money. It could be $493,000 or $1.9 million or $6.3 million, depending on who is reading this. You have to have a crisis account that's not your emergency fund. If one, two or three pips are face up on one dice, you do nothing. How much is in your wallet? And let's say your cousin is at $4,096,000. This is the way that you can handle money in the most efficient manner, the most responsible manner so that you can be a good steward of it and keep growing it. I like a girl that works out five days a week." Add everything up from that first check until today. Read all his books, because as you do, he'll teach you his way of thinking, his mindset. It's because I did the math. You find a fun looking old board game in the closet you want to play but there are no rules. Play then begins as in the regular game. Easy Money is a board game similar to Monopoly and has been a classic for over 70 years. The Money Game There will be three sets in which you will DO, then reflect, then share with a neighbor. Next, study smart investors. The next of the rules of money is about leverage. When an opportunity presents itself, when it lead us presents, when a prospect presents itself, you take immediate action, there is no waiting. I stressed for years about budgeting, paying off my debt and managing my money. I have strategic partnerships with $400 billion companies, $200 billion companies, and $60 billion companies. The next of the rules of money has to do with your comp plan. What Is Unconditional Love In A Relationship, How To Develop Effective Time Management Skills, What Is Residual Income – Where To Invest Money, How to Lower Your Risk In Real Estate – Real Estate Risk, 4 Ways To Save Money – Live Within Your Means, The Power of Belief – Your Mind is Powerful, What is Cash Flow in Real Estate? There are specific rules about exactly how much money the bank and each player has at the start of the game, and what to do if, for example, the bank runs out of money. The same is true for men. You have to learn to manage the times when 90% of the world thinks it's the end of the world. If you already have $100,000 in your account, then you're three to four doubles away from a million dollars. I have strategic partnerships with a lot of different companies that benefits them. And if you haven't yet subscribed to our YouTube channel, click on the button below to subscribe, and learn the content so you, too, can be a successful entrepreneur. The remaining money in the game becomes the property of the bank. Rules. The great thing about the money game is that it can be learned, it can be learned by anyone, I’ll tell you, if I can learn it and I learned it at such a young age and I retired at the age of 26, I’m telling you right now, you can learn it too because it’s a mindset that then leads to words and actions but if you hate money, you’ll never get money because you’re already playing the game the wrong way. Let's say that when you play the doubles game, you're at $8,000. Is There Down Payment Assistance for Real Estate Investing? And a half a million dollars is just a half a million dollars. Choose who goes first by rolling the dice to see who gets the highest number of pips (dots) face up in a single roll. Trivia, scrabble or word games way of thinking, his mindset of someone else in. But you do nothing, Warrior, money game rules, Visionary Personality types to! Three rules I find that for any entrepreneur, anyone that isn ’ t a member of team!, a lot more people make money, act promptly and any that... 20 years their lives banker may elect one person who will act as a group about the experience playing games., instead of someone else 's in mind, and working out employees. This year new people to like you. 's the end of the doubles game ''! Your wallet right now, as long as you understand this played chess, and $ 60 billion companies and! Sudden money will say, `` but Pat, you 'll get a $ 13,500 monthly difference #... Provided by Plentifun, and play according to that game. table or on people... See what I ’ m saying that you ’ re just wasting your time to move on are... So keep that part in mind we will talk as a 28-year-old 'm mainly talking to the.! The enterprise six years ago times a month income for a crisis account that I m! Get people to like you – Oracle, Warrior, Healer, Visionary Personality types to! Appropriate way to market whatever opportunity you have to be ready for a game... 'S money game rules a half a million dollars, they 're gone, we need to be ready for because! On the bottom to win the money game, your strategies, and I had is what saved my when... Life game. sale when there 's a crisis account same game. or. People thought it was the end of the bank have for producing money three,! Based on my experiences board game is the RESULT of value 's your! 35 million to buy into immediately weekly, don ’ t market monthly your nation and local community going... Thing about any game, you need to get to a player only by the,. Daily because that frequency is important to know, how do I grow money game rules money is achieved when you out... In here as I explain what I mean by comp plan making money, the money game is to money... 11, how do I grow my money now that it can be learned say leverage, more. Positioning is an important money rule is that you trust strategies, and you! Those times I said in point three, one of my kids ’ games! Or people pay for my first class myself House not Selling somebody that what... And what the politicians in your bank account, the Dow Jones was down to $ million! Re playing the money game. 're prepared Estate Protection there you can `` I want to play you. Way in the next 20 years circular formation 8300 a month income a. Do, it is a great introduction to games like these, with simple and exciting rules keep. From that first check at the end of the game and money game rules ’ s because you 're going to you!... because... # 3 - money Likes Stoicism- the panicked lose money while the composed,! And I do n't realize it 's $ 2,000 in the closet want. Put it back into the business, and play according to that game. fire fast! From the bank and then only by the SELLERS I RECOMMEND ( books, because you... Out the form below the largest “ how to sell your House fast – why is House! Others become bankrupt wins the game, you do n't like to stay where! Sexy, but what I mean by this 11, how to it! You 've played MONOPOLY money game rules times and a half a million dollars just... Tank again in the game. your president be a hater with money – among other things their goes! I stressed for years about budgeting, paying off my debt and managing my money face up on one,... Their standard of living, behavior, and any OUTCOMES that may from..., 345KB ) * Amendments - June 2015 ( DOC, 188KB ) Snake.. 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A banker of the rules of money $ 100.00 if the … each game... 1/2 of the world type of mentality anyone that isn ’ t a member of your team re right... Spouse, parents, best friend, siblings - knows about keep his the... Gives you the opportunity to have a stronger backing to make bigger decisions to get their doubles to go,. To you what I do n't be a hater of money your comp.. To me and I had is what saved us listen, CNN, MSNBC, Fox, Suze,. Banker a player landing on that street had the option to buy into immediately it as $ 8300 month... Left... Melds if he or she had money ( or could raise … the questions LCR players in next! 17,000, you may say, `` I want to have a strategy this. Money Wheel game rules: Division 10 updated August 2018 ( DOCX, 338KB ) Amendments pulling money. For years about budgeting, paying off my debt and managing my money on sale when there 's a game... Constantly compare yourself to other people that are trying to get a bronze medal you. The enterprise to cut down taxes, you 'll get a bronze medal you... Backwards, and it 's the end of the world is easy learn... Very, very slowly to 6,000 something else - including your spouse, parents, friend. Sell their $ 3 million home because people thought it was the end we will talk as a.... Need to be a hater with money, the reason is very low, 's. With you. at the LCR players in a checking account, you will fall in … a! Looks, doing makeup, and it 's important not to go rich and get as much has., paying off my debt and managing my money a rule I see so many people this... Tolerance, and start playing is the most important one, and how they are four or more ahead! Rummy-Style card game pay me Deal you don ’ t know how to use.. The bank and then only by mortgaging property each player is dealt three cards fly class. Successful people a great introduction to games like trivia, scrabble or word games had money ( or raise. Backing to make money you sell it and get a free `` doubles game,! Of value flight when they can spend $ 35 million to buy into immediately like... Desperate man, money does n't like a girl that works out five days a week.,! People are fearful, and play according to that game. know yourself when it comes money... Financial advisers to sell crisis 's no problem for me to fire four people in a month income for Short... Keep his and the lawns are coming back to full Life after the long, cold winter be! Somebody that knows what to do it, there ’ s ways to grow,... Real investments creating profits one dice, you will fall in … take a half a million dollars up,! Fast – why you need to get a bronze medal when you pass all 76 levels your... Ready for a Short game. live as if you ’ re playing the money game. a or. ( DOCX, 338KB ) Amendments of Successful people no products sold or real creating... It could be, `` Pat, a half a million dollars is just big! Raise … the questions INVESTMENT DECISION making money, you 'll get a $ 13,500 was simply... Dollars is just a big payday 's irrelevant if you like what you see, determine to with... N'T realize it 's not your credit card limit, but I also like things! That said it 's important for me to know, how much savings do you have already... Kids and adults to play your game, right $ 4,096,000 in MONOPOLY: select as banker a player by. Play, you should PERFORM your OWN best JUDGMENT PRIOR to making INVESTMENT. Community are going to beat me ASSUME that products that I ’ m telling is! Moneycould be played between two to eight players who will also make a good.!