Can your Monsta be the happiest & wealthiest in all the land? How did this idea come about and why is it so important and necessary? We sat down with Michael Partis, founder and CEmOnsta of Wealth Monsta to find out.
What is Wealth Monsta?
WealthMonsta™ is a unique education platform.
It tracks WHAT and HOW learners interact with content through activity. Using an interactive platform, the Wealth Monsta model enables content providers to observe individuals as they learn. This is achieved through an intense focus on behavioural science and a holistic approach to the learning process.
This distinctiveness provides advantages in three ways:
- For Communities: it makes education fun, easy and unintentional;
- For Educators: it delivers insights into how specialised content can be better designed for specific communities;
- It enables the conduct of ethical and discrete, double-blind trials without compromising data quality or participant well-being.
Why was Wealth Monsta founded?
Wealth Monsta was initially conceived to take on the challenge of specialist industries. Why?
- Specialist industries are often poorly understood and unfamiliar ‘things’ increase people’s anxiety;
- Reducing anxiety requires education and it’s hard to learn when you feel judged about how you learn;
- Education outcomes can only be confirmed in application (doing) AND over time.
People are often intimidated by information where they have limited exposure. These “unknowns” are treated with suspicion and their emotional reactions can be polarised, affecting how they absorb the learnings (if at all).
Why is there such a need for financial literacy to be reinvented?
Classroom environments can be disempowering for those with non-traditional learning needs. When content is delivered via conventional methods, a significant proportion of a student population can be left behind. This drives many to distraction.
Education is an intimate, resource intensive endeavour. Specialist industries are often dedicated to taking only the most calculated of risks. It is little wonder that many specialist disciplines struggle to find alignment between value creation and value recognition.
How does Wealth Monsta address this challenge?
Wealth Monsta is a game. It takes the dry (and often dull) content of specialist industries and creates an environment where players explore without fear of consequence. They engage with the game elements that interest them and create a story that suits their avatar.
Once they reach certain milestones, they get to reset the game and start again, no matter what decisions they’ve made. The platform uses a format familiar to even the most casual game-players ensuring they spend little to no time learning how to play.
How does Wealth Monsta assist social and economic challenges?
Wealth Monsta focuses on content fundamentals and how individuals can relate that content to their day-to-day.
The iterative design of the Wealth Monsta platform means learners deliver insight by engaging with the content as they see fit. Over time, they explore the environment and reveal a pattern of play that best suits their learning preferences.
There is no other tool that delivers this triumvirate: iterative gameplay, education and behavioural science. Players are engaged by the game. They are ranked on performance. Wealth Monsta tracks what they engage with and how they play.
What is the next stage for Wealth Monsta to expand into?
Right now; our focus is in communities where learners prefer modern and interactive ways of assimilating content for longer term literacy across the financial sector.
Wealth Monsta is in conversation with various industry sectors across the globe to initiate a simultaneous worldwide launch.
Conversely, the principals of Wealth Monsta can be applied to a variety of sectors for integration and understanding of patterns and behaviours. This opens significant scope across a variety of sectors that require learning and tracking capabilities over time and at scale.