During a game of Monopoly, we wanted to see who was in the lead. Henrik assumed it was me, because it looked like I had the most cash, but when we added up the total value of the sites and property owned, as well as the cash, and compared the findings, we found that Henrik was actually winning. We then discussed the concept of being 'asset rich, cash poor'.

Math

• The concept of total value: The child learned to add up the total value of the sites, property owned, and cash to determine the overall wealth in the game.
• Comparing values: They practiced comparing the total value of assets to determine who was winning in the game.
• Understanding 'asset rich, cash poor': The activity introduced the concept of having more assets but less readily available cash, leading to a discussion about the significance of this scenario.

For continued development, the child can engage in similar board games that involve financial decision-making, such as The Game of Life or Cashflow for Kids. They can also explore online resources and interactive tools to further understand the concepts of assets, liabilities, and net worth.

Book Recommendations

• Monopoly Junior: Where's the Money? by Ronald Slade: Join the adventure of a group of friends as they learn about managing money and property through playing Monopoly.
• The Lemonade War by Jacqueline Davies: A tale of sibling rivalry and entrepreneurial spirit as Evan and Jessie compete in a lemonade war to earn more money.
• The Great Cake Mystery: Precious Ramotswe's Very First Case by Alexander McCall Smith: Follow the story of a young detective as she solves a mystery involving missing cake and valuable insights about solving problems.