In this episode, we discuss the board game, Monopoly and what real investors can learn from playing the game. Some real-life lessons include:
- inflation – buy up big early in the game because you know the value of properties will go up over time as they become more valuable
- managing cash – not developing your properties too much too soon, in case you can't meet an unexpected expense, and
- negotiation – people are much more willing to negotiate when they are in straightened circumstances.
Finally, we discuss our upcoming Live Podcast Tour, which is happening mid-September in: Christchurch, Wellington and Auckland. Click on the links to register for your free ticket.
The Property Academy Podcast