How a Financial Advisor Approaches Family Game Night

Matt Corthell, CFA, President and CEO |

My wife and I had the pleasure of hosting my sister-in-law and her two children for a week. One of them wanted to play Monopoly and a family game night was born. Grandma, Grandpa, my sister-in-law, her two kids and my wife and I all circled the dining room table.

Whether Monopoly or building wealth in life the strategy below is effective:

Start Early

The first time around the board, I tried to gather as many properties as possible. Planting many seeds for future growth.

Establish a Cash Reserve

After an initial frenzy of property purchases, my cash reserves started to dwindle. At that point, I switched my focus on maintaining cash over expansion. This cash allowed me to fend of bad rolls without getting into debt.

Get the Right Mix

Despite having many properties, I didn’t have the right properties. Trading a few properties and selling boardwalk ultimately gave me a monopoly allowing for better investments in housing and hotels.


With a cash reserve to handle adversity and the right portfolio to grow, this allowed the investments to flourish over the remaining rolls of the game.

Should I have been as competitive with the game as I was? Probably not. Was I going to let myself lose as a Financial Advisor? Of course not!

3 hours of family fun and no tears were shed!


If you would like to better your board game skills, please feel free to meet with one of our advisors here.


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