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Diana Clement: The 3-hour millionaire
"Monopoly on steroids" is how financial board games are billed. What better than a fun game over the summer holidays that builds investing prowess.
Games such as Cashflow 101, from Robert Kiyosaki, author of the Rich Dad, Poor Dad series, and New Zealand's own Hybrid Property Game aim to simulate real life investing scenarios and offer a safe environment to play with numbers and focus on goals, while experiencing the opportunities and pressures of different phases of the investment cycle.
New and experienced investors alike benefit from a long night of playing the property or sharemarket around a table. Groups of investors sometimes get together for afternoons or evenings of playing these games through the website PropertyTalk.com and also the Hybrid Group.
Roger and Susan Raymond, president and secretary of the Northland Property Investors Association, play Cashflow or Hybrid whenever they lose motivation. "Every time you play them something different happens and you have to revise the way you think about investing," says Susan Raymond.
Investor, seminar presenter and property investing author Ron Hoy Fong admits that he's gone bankrupt on paper several times while playing the Hybrid Property Game, which is designed to teach investors about the property cycle.
Specialist mortgage broker Mike England, who runs PropertyTalk's Christchurch events, rates investment games as educational and motivational.
"Monopoly on steroids" is how financial board games are billed. What better than a fun game over the summer holidays that builds investing prowess.
Games such as Cashflow 101, from Robert Kiyosaki, author of the Rich Dad, Poor Dad series, and New Zealand's own Hybrid Property Game aim to simulate real life investing scenarios and offer a safe environment to play with numbers and focus on goals, while experiencing the opportunities and pressures of different phases of the investment cycle.
New and experienced investors alike benefit from a long night of playing the property or sharemarket around a table. Groups of investors sometimes get together for afternoons or evenings of playing these games through the website PropertyTalk.com and also the Hybrid Group.
Roger and Susan Raymond, president and secretary of the Northland Property Investors Association, play Cashflow or Hybrid whenever they lose motivation. "Every time you play them something different happens and you have to revise the way you think about investing," says Susan Raymond.
Investor, seminar presenter and property investing author Ron Hoy Fong admits that he's gone bankrupt on paper several times while playing the Hybrid Property Game, which is designed to teach investors about the property cycle.
Specialist mortgage broker Mike England, who runs PropertyTalk's Christchurch events, rates investment games as educational and motivational.
May have to kick off 2008 with a game or two? I know Mike and Scott are planning a games event in Christchurch early Feb 08. Wellington and Auckland normally get good numbers for these events too.
Cheers,
Donna
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