Monopoly and Life-Skills

Monopoly has always been a fan favorite game in many families to teach the dangers of monopolistic behavior, why cheating as a banker is terrible, and the benefits of investing in real estate.

The game, as laid out here, is fantastic for those who aspire to become future accountants and enter the public accounting sphere. Something is missing from the conversation, and that is the basics. How does one open a bank account, save for college or buy a home, invest for retirement, and lastly, avoid credit card or personal loan debt?

Those entering accounting will likely take a personal finance class during their tenure as a student. However, what about students not studying accounting, business, or finance? School needs to do a better job of preparing students to build and generate wealth. Another part of the curriculum should be how to start a business, and all that entails. Learning accounting is excellent as it's the language of business, but the basics of debits and credits are even more critical.