We recently answered some basic questions about The Money Game from a Brazilian reporter. Thought you might enjoy the answers and that they will give you text to use in promoting your own Money Game Days! Enjoy…
Q. Could you describe The Money Game? What exactly is it and how does it work?
The Money Game® is essentially a series of “paydays” where the participants get to “act out” or role play the financial activities of life such as getting paid, paying expenses, keeping a budget (we call it a Savings & Spending Plan), buying assets, receiving passive income, and dealing with financial “events” that inevitably occur in the real world. They win the money game when their passive income exceeds their expenses. This is what we call “financial freedom”.
We like to say that the “players are the pieces” of this game for it is not played around a board but uses an entire room. The participants get the learning in their bodies, which is a whole lot better than just in their heads. They learn while having tons of fun. Learning is so much easier that way.
Each payday or “round” of the game, takes about 20 minutes and you need somewhere between 10 and 16 rounds to reach financial freedom. Financial lessons can be layered among the rounds so there is plenty of material for five days AND you can play it in a day or over the course of weeks in one-hour periods. The game is very versatile.
Q. What makes The Money Game (and Camp Millionaire) teaching methodology so different?
First, we create a powerful learning environment. We make it fun so that our participants stay engaged, interested, and available to learn. Our content is thorough, practical, and easy to grasp. Our participants actually start to develop good financial habits through practice and role-plays. We introduce the concepts of entrepreneurship and contribution to society. And, again ~ most importantly ~ we address all types of learners (auditory, visual, and kinesthetic) with our accelerated learning techniques so that the information “gets in and stays in”.
Q. What kind of games do kids play during The Money Game? Could you describe one for me?
Lots of our activities, or games, are played without the participants knowing exactly why they are playing them. After they have completed the activity, we have a “debrief” or discussion about what just occurred. The best example for me to give you is Musical Chairs. We play the game with one addition. The person who is left standing has to pay the others some play money. As the game progresses, the chairs become more “valuable”. At the end, one person has all the money. The interactive discussion afterwards includes a big lesson about supply and demand. Pretty cool, huh?