2381: [Part 1] How The Game of Life Teaches Personal Finance by ESI of ESI Money

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Self-improvement, Education, Business

4.5 • 1.3K Ratings

🗓️ 18 July 2023

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

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Summary

ESI of ESI Money talks about how The Game of Life teaches personal finance. This is part 1 of 2. Episode 2381: [Part 1] How The Game of Life Teaches Personal Finance by ESI of ESI Money ESI Money is written by "ESI", a 50-something retiree. The site is basically a list of what's allowed him to become financially independent and how you can implement those successes in your life. His philosophy is simple and focuses on doing three simple things to achieve financial independence: earn, save, invest. There's a bit more to it than that, of course, but if you can concentrate on these three areas, they will get you at least 90% of the way there. The original post is located here: https://esimoney.com/how-the-game-of-life-teaches-personal-finance/ Visit Me Online at OLDPodcast.com Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is Optimal Finance Daily, Episode 2381.
0:04.6	How the Game of Life teaches personal finance, Part 1, by ESI of ESIMoney.com.
0:11.4	And I'm your host and personal finance enthusiast, Diana Mariam.
0:15.5	I have a bit of a longer post, so I'll read the first half today and then finish the
0:19.7	rest for you tomorrow.
0:21.6	So with that, let's dive into Part 1 and start optimizing your life.
0:29.9	How the Game of Life teaches personal finance, Part 1, by ESI of ESIMoney.com.
0:37.7	My dad and I would play monopoly and aggravation for hours when I was home from college, until
0:43.4	three or four in the morning at times.
0:46.6	Then when we had our own family, games naturally played a big part in our entertainment time.
0:51.8	To this day, my daughter and dad played aggravation for money.
0:56.0	If I had to pick one game that we played the most, it would have to be Uno.
1:00.1	We had every variety of the game, including the one where it would shoot out a ton of
1:04.2	cards if you were unlucky.
1:06.2	It was so fun to see someone else get loaded down with a stack of cards.
1:11.1	One game my daughter used to love was the Game of Life.
1:14.3	I'll just call it life from here on out.
1:16.8	So when our family had an extra, oh, three hours or so, we played it.
1:21.3	Okay, it wasn't that bad, but it was a long game.
1:24.4	Fortunately, I got to be the banker, so I wasn't bored all the way through, but I digress.
1:30.4	Life is centered around financial principles, some good and some bad.
1:34.7	I thought I'd highlight these and detail how my wife and I used the game to teach principles
	...

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