![]() In terms of the game’s future, its most important fans were a group of Quakers in Atlantic City. Magie’s game was not a major hit, but it did gain a cult following in pockets of the Midwest and Northeast. Magie’s Prosperity variation, with its happy ending for all, never caught on. But it turned out that the entertainment value of driving your opponents into the ground outweighed the fun of creating wealth for everybody. The second part was a variation (later called Prosperity), which featured a different set of rules that followed George’s plan to negate the value of land through a single flat property tax that made it possible for everybody to win.Īs an illustration of George’s theory, the two-part Landlord’s Game made sense. The first part was much like the Monopoly we know. Magie’s invention, which she called the Landlord’s Game, had two parts. ![]() Create a system that taxed only the unimproved value of land, he argued, and the economy would grow faster. George was an extraordinarily popular thinker of the era who believed in free enterprise but argued that ownership of land (and natural resources) led invariably to inequality and poverty. A progressive who espoused such then-radical notions as equal pay for women, Magie designed her game to showcase the ideas of Henry George, her favorite economist. Magie, a Brentwood, Maryland, writer, inventor, and political activist who earned her living as a stenographer, invented the game in 1903. Please read and understand the claims on this site with regard to essential oils and wellness therapeutic products with these legal limitations in mind.There is probably no game more closely associated with capitalism than Monopoly, a fact that’s ironic for a number of reasons – the biggest, perhaps, being that the game was invented by a woman as a critique of what she considered wrong with the system. I will do my best to represent the therapeutic benefits of any therapeutic product inside the constraints of the law. By US law the right to make those claims may only be exercised for drugs. Essential oil and wellness products promoted here are not intended to diagnose, treat, cure, or prevent any disease. *Statements made on this site regarding essential oils or other wellness or physically therapeutic products may not have been evaluated by the Food and Drug Administration. I invite you, instead, to share this content with others by inviting them to this site and referring and recommending my content to them. You may personally use publicly posted information for your own benefit, but you may not sell or reuse the content for monetary gain without my written consent. © 2024 ♻en Balden - I claim copyright protection as afforded by domestic and international law on everything I create. So, in review, you need to keep some of your money, make it work for you (the equivalent of buying Monopoly houses and hotels), and keep moving toward your financial goals. Train – keep learning about financial opportunities and principles.Trim – reduce your expenses to increase your surplus (which you then keep and invest).Track – keep track of your expenses and income, so you know what’s going on.I love the book, The 4 Laws of Financial Prosperity, by Blaine Harris. Following that formula will help you grow wealth. You keep some of the money you earn and put it to work for you. ![]() I mean there are many more rules and financial principles, but these are the basics. These rules are also in harmony with the lessons in the book, Richest Man In Babylon. There are two rules of wealth that are basic and important that relate to this lesson from monopoly. The other lesson you might take from this is to guard your assets, so they can work for you. Another lesson you can get from this is that you don’t have to buy the red hotel right out the gate. The idea is that you grow your wealth by slowly converting your cash assets into income-producing assets. His first lesson in wealth: four houses equals a hotel. This is exactly the lesson that Robert Kiyosaki learned from his rich dad as he described in his book, Rich Dad Poor Dad. Cash doesn’t make you money, income-generating assets do. Others quickly converted all their cash into properties and started making money from rents. ![]() Although impressive, that cash was a huge missed opportunity. I observed how some of them amassed wads of cash sitting in piles next to the board. I actually cover this a bit in my book, Live a Happier, Fuller Life, in the chapter on wealth.Ībout a week ago I was playing Monopoly with some friends. One very famous example comes from a simple board game: Monopoly. You just need to learn them and stick with them. The principles of wealth can be extremely simple. ![]()
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