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Science 2011-07-03 1 min read

Families Play Games Together, Bond and Retire Rich.

Scheduling game night once a week is a good way to catch up with your children without seeming intrusive and teach them about business, finances and life too. No need to tell them it's educational, but it's definitely that too.

ROCHESTER, NY, July 03, 2011

Scheduling game night once a week is a good way to catch up with your children without seeming intrusive and teach them about business, finances and life too. No need to tell them it's educational, but it's definitely that too.

First commit to a specific day and time and be consistent so everyone can schedule other activities around it. Then, select a game that everyone can play that allows for personal growth and discussion. Here's a few for parents with kids 5-10 years.

Monopoly is an easy fun board game that teaches the value of a dollar and entry level real estate. Charge Large teaches its players how to control and leverage cash and credit. Larry Burkett's Money Matters teaches kids how to differentiate between needs and wants and how to pay for those items and remain debt free.

Parents with older children, teens, and young adults home from college should consider something more challenging. Cashflow 101 by Robert Kiyosaki author of Rich Dad Poor Dad requires thinking and strategy. The goal is to create enough passive income and avoid buying meaningless trinkets that will eventually allow the players to get out of the rat race and live life on their own terms. Thrivetime teaches the family how to run and manage a start up business and how to think like an entrepreneur. Million Dollar Challenge teaches players how to invest in the stock market.

Teens and Young Adults can get more ideas for a debt-free life in The Answer Key to Avoid Debt Build Credit & Retire Rich. Also learn about the Teens Rebound Economy Initiative [T.R.E.] which inspires young adults to pave a harmonious career path and prepare a long term savings plan to give them more options in life.

Both can be found at http://LuLu.com/SoRichIam