by Elisabeth Donati | May 29, 2011 | Extra Money Game Activities Category, Money Game Specific
Most of our children are still being groomed for getting jobs when they get out of school…but there are so many other, more satisfying, ways to bring money into our lives in order to be financially responsible for ourselves and our families.
With this simple lesson called Earning vs. Making Money, your participants learn key distinctions between the two. In the end, they generally realize that MAKING their own money brings them a lot more freedom and opportunity in life. It also makes them fully responsible for themselves.
For every future adult that we prepare to be be independent, we keep one more from being dependent on a system that keeps people locked to jobs they hate for years on end, most never realizing there is any other option!
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by Elisabeth Donati | Apr 28, 2011 | Extra Money Game Activities Category, Money Game Specific
Supply and demand is as basic an economic lesson as it gets when you’re talking about teaching kids and teens about money.
In this incredibly fun and active financial education lesson, you’re going to play Musical Chairs in a while new way with a great debrief at the end to the concepts behind supply and demand home.
This is a classic example of the accelerated learning principle called Experience Before Content where the learner experiences ‘something’ but doesn’t know what he’s learned until the debrief. It’s one of the most brilliant ways to teach. It creates huge Ah-has all around.
So, get out the chairs and some play money and enjoy. For those of you not signed up for our Major League Players Program, I’ve made the silly video available to all so you can see what fun you’re missing! And yes, that’s Elisabeth laughing behind the camera!
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by Elisabeth Donati | Mar 30, 2011 | Extra Money Game Activities Category, Money Game Specific
Everyone loves stuffed animals and this activity is centered around a little stuffed cow…you can even call it the Cash Cow if you want, though ours is named Betsy! (We received her as a gift long ago in one of our Camp Millionaire programs from a young girl who found her for us.)
This game is perfect to play right after you do the Principles Contest Activity Lesson. Since your students have just spent 10-15 minutes running around the room filling in the blanks of The Money Game Principles, they’re fresh their minds…and because the principles are up on the walls, they can literally read from the principles to win the game. Kind of an open wall game I suppose:-).
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by Elisabeth Donati | Feb 8, 2011 | Extra Money Game Activities Category, Money Game Specific
Helping people distinguish between an Asset and a Liability helps them know what to do with their hard earned cash.
Since human beings are so good at Spending their money but terrible about Investing their money in assets, teaching your participants the simple rule to knowing an asset from a liability is key, and that key is:
Assets put money INTO your pocket.
Liabilities take money OUT OF your pocket.
…and they do so on a regular basis.
So, that home you live in that you THINK is an asset? Well, sorry to say that unless you have part of it rented out so that your income from the rents exceed the expenses (mortgage/loan, utilities, taxes, etc.), then your home is a liability. It is, however, the BANK’s asset.
Yes, it may be your largest INVESTMENT, but using our definition, it is NOT an asset.
Our Money Game Assets and Liability Activity is in the form of a debate, just like our Wants and Needs Activity. You and your players are going to love it.
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by Elisabeth Donati | Jan 30, 2011 | Extra Money Game Activities Category, Money Game Specific, Money Game Testimonials
“Just wanted to say we had HEAPS of FUN playing the Money Game. Because it was my first time, and I wanted to be sure all the kids ‘won’ – I opted for the short version where they received $200 for each asset they owned.
I chose to make the kids ‘work’ for me at the start of EVERY round. ( I used a whistle and would shout out Monday/Tues/Wed…. every 10 seconds or so). I even made them do ‘overtime’ on Saturday one day which led to a very interesting discussion.
I also made the kids who were ‘free’ sit out when the others were still ‘working’ when they were busy doing star jumps etc, to make a bigger impact.
Then, when they were ‘all’ free they could decide if they wanted to work or not … and this time they could CHOOSE their work- which of course led to really good discussions around working by CHOICE at something YOU like doing.
NOW I am just trying to find a way that I can do this FULL TIME so that EVERY kids in my city at least will have experienced the MONEY GAME.” Anita from New Zealand!
“Just wanted to say we had HEAPS of FUN playing the Money Game. Because it was my first time, and I wanted to be sure all the kids ‘won’ – I opted for the short version where they received $200 for each asset they owned.
I chose to make the kids ‘work’ for me at the start of EVERY round. ( I used a whistle and would shout out Monday/Tues/Wed…. every 10 seconds or so). I even made them do ‘overtime’ on Saturday one day which led to a very interesting discussion.
I also made the kids who were ‘free’ sit out when the others were still ‘working’ when they were busy doing star jumps etc, to make a bigger impact.
Then, when they were ‘all’ free they could decide if they wanted to work or not … and this time they could CHOOSE their work- which of course led to really good discussions around working by CHOICE at something YOU like doing.
NOW I am just trying to find a way that I can do this FULL TIME so that EVERY kids in my city at least will have experienced the MONEY GAME.”
Anita from New Zealand!
by Elisabeth Donati | Jan 22, 2011 | Extra Money Game Activities Category, Money Game Specific
One of my pet peeve’s with most of our current education system (and there are many), is that we make the world’s future population learn, aka memorize, a whole lot of facts and figures but we so rarely teach them how to accomplish anything in life.
What difference does it make it you know all the capitals in the United States if you don’t know how to cook, stay healthy or manage and invest your money?
In our Camp Millionaire camp, we do this short, simple activity called Life’s Combination. It teaches the campers that getting the most out of life has everything to do with how much you put into it.
It’s a simple activity that gets them to understand the power of playing at a level 10!
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