This is my account of a game i have created. The game is not complicated...but also not easy. The objective is to start on day one with $0 and see how much you can turn that nothing into in 1 year.
The rules:
Level 1
You start with $0
Your initial investment must come only from items free to you. This includes found items, freecycle items, and craigslist free items. FOUND money may also be included. Change on the street etc. You may also panhandle to aquire your initial investment.
You may NOT use:
Money you already have
Money by working for someone else
Money from selling items you paid for
Loans
Family money
The initial investment must be at least $35
Once initial investment is achieved you move to level 2
Level 3-4
In order to move to the next level you must multiply your Bank (cash in game) by 10.
Example:
Initial investment = $35
Level 3 = $350
Level 4 = $3,500
Level 5 and up
Multiply your bank x5
Example based on above:
Level 6 = $1750
Level 7 = $8750
Level 8 = $43750
And so on.
1 year after you reach level 2 you must add up your bank and this is your score. You may quit the game at this time OR start year 2 in which you just continue with the game and your existing bank.
During the first year you may NOT spend the bank on anything but investment. It may not be used for personal finances. AFTER 1 YEAR you may pay yourself a salary not to excede 25‰ of the bank total per year.
How to play:
Your initial investment must be used to purchase a product or item you can make money on by reselling. Its all about profit margin. Buy low sell high. Long term investment such as stocks and bonds are not reccomended , but not against the rules.
The gross profit must then be used to again aquire and profit from. The game contenues like this for as long as is paid.
Business expenses ( advertising, booth rental at trade shows, etc) are considered a risk. The cannot exceed 50‰ of your bank total.
The entire object of the game is to turn nothing into as much money as possible. You bank must be kept seperate from personal funds. I reccomend a bank account or pre-pay debit card.
If you break the rules or your bank reaches $0 , the game is over and you must start from scratch at level 1.
Sounds east right?? Let the games begin!
Bob
