We’ve covered some basic questions here that are also included in the Instructional Manual. As you learn and play the game, you will probably have additional questions. Please give us a call at 805-957-1024 or email us at firstname.lastname@example.org
Q. How is The Money Game with kids or teens different than The Money Game with adults?
A. This is one of my favorite questions to answer. Think of it this way…if you didn’t learn basic money skills when you were 16, do you know them when you’re 36? Here’s another scenario…if you’re going to build a house, don’t you always start with the foundation? Yes, you do.
So the answer is, “There’s adults in the adult program!” We have taught our adult financial education camps with the exact same games, activities and information that we use in our youth financial education program and quite frankly, it’s a profound experience for most adults and here’s why…
When you teach a child something new, it’s new. They don’t know any different. They just say, “Oh, cool.”
When you teach an adult something that they then realize they SHOULD have been taught, and WISH they’d been taught when they were younger, there is an emotional component in this context that doesn’t exist with the kids. Adults are dumbfounded, as was I, when they realize how simple managing money really is. “Why didn’t anyone ever teach me this stuff?” is the most common comment we get.
Q. How difficult is it to learn to teach The Money Game?
A. Not difficult at all. All of the steps are laid out clearly and if you don’t understand something, you can just pickup the phone and give us a call at 805-957-1024 or send us a quick email. And if you really want to be an expert at it, come to one of our Train-the-Trainer events (see below).
Q. What do I do when I run out of Paycheck Money or Game Registers?
A. You have two choices: 1) you can download the high-resolution files and print them either in color (expensive) or b&w or 2) you can order replacement stock from Creative Wealth.
Q. Can students/players buy assets with passive income?
A. Yes, of course. They can not use Moola though if you are using it as an incentive.
Q. Can they sell an asset at any point if they want to? And if yes, for how much?
A. Sure, they can sell an asset at any time for whatever someone else is willing to pay them for it. Ask them why they want to sell an asset that is providing Passive Income to them each month. There’s no right or wrong answer, just get them thinking about it.
Q. Can they team up and live together to reduce expenses?
A. No, they are all individual players, unless you want to put them in teams from the start.
Q. Should we give them advice on what to do, what to buy, etc.?
A. Do your best to return their questions about what they should do back to them in the form of a question, “What do you think?” They must learn to make decisions based on the best information possible and then experience the consequences of their decisions. You CAN answer specific questions about assets that you are familiar with.
Q. Do the students get Passive Income for assets they just bought?
A. No, you receive Passive Income the following round. They must own them for at least one round.
Q. What do you do when a student loses his or her game envelope?
A. Replace it, have a larger conversation about losing things of value (ask questions about this to the entire group) but DO NOT replace the money they lost or the asset chips if they had any. Decisions and choices must carry consequences to be lasting lessons.
Q. Can I add in additional lessons of my own?
A. Sure. This game has been a collaboration of everyone who has ever used it so please feel free to expand it, make it better, more fun and more entertaining. All we ask is that if you create something great, pass it along to the rest of us!
Q. What do I do with a student who just doesn’t get it, refuses to buy assets or even participate on any level?
A. First, let go of the idea that just because they aren’t doing the activities, they aren’t grasping the lessons. Our experience is that each child will have his or her own way of participating. Second, if a student won’t buy assets, it’s generally because of a fear they have developed about assets being too risky. All you can do is ask questions to uncover the student’s underlying subconscious beliefs about money and wealth. Playing our Monkey Wants a Corner activity (see Additional Activities on the DVD) may help reduce the fears associated with risk.
Q. Does this game work with adults?
A. YES! We’ve played it with practically every age group and it always works.
Q. Does this game work with all socioeconomic levels?
A. YES! Poor to rich, everyone needs to learn about money.
Q. Do I have to use the music that comes with the game?
A. No, you can use any music you wish, as long as it’s upbeat, playful and full of energy. Simply make sure you use the exact same song for every single round of the game.
Q. What if I only want to play the game for a few hours (i.e., a shorter time)?
A. We have played this game in as little as three hours. You can make it through 6-8 rounds so that the students get a feel for winning the game. End the program with a great discussion on how they can continue moving forward in their own lives in order to Win The Money Game!
Q. Can I make this a large event with lots of students?
A. Absolutely. Our experience is that you need one set of game bags for every 25-30 students and at least 2 volunteers for every 20 students. Just enlist the parents of the students to be your volunteers. You will be surprised at what the parents learn playing this game with their children.
Note: In a shorter version of the game, give $200 in Passive Income for every Asset the students own.
Q. How can I teach the entire Camp Millionaire program?
A. You can attend one of our amazingly powerful Train-the-Trainer workshops in order to license the program for your school, community or state. It’s a great way to create extra income for yourself. Give us a call at 800-928-1932 and we’ll fill you in. Or visit:
Q. I want to move forward with teaching The Money Game to children but I think I need more training or certification. What do you suggest? How can I get more credibility?
A. This not an unusual question! And here’s what we honestly think… Just do it!
Once you read the Instruction Manual and watch the training DVDs (and laugh), you’re ready (well, more ready than you think!). You may well feel nervous, awkward, uncomfortable, and uncertain when you step into this “new” role but you can do it! Even if you teach for ONE HOUR, you will have a wealth of experience you didn’t have before. In a very short time, you’ll feel confident, empowered, energized and more at ease.
We understand the desire for more certification, more credentials, and more experience BEFORE getting out there… but we say DO IT ANYWAY! What this really boils down to is YOU giving YOURSELF permission to be messy, be awkward, be uncomfortable, make mistakes, and not be perfect…because there is no such thing. You’re not alone in wanting to avoid that… but DO IT ANYWAY!
We would love to help you brainstorm on what your first group looks like. Gotta call us though!
For More Frequently Asked Questions, check out the FAQ Category at the right.