
Learn how to get out of the Rat Race and onto the fast track where your money works for you instead of you working hard for your money. Use this game to practice real world investing with play money. Cashflow 101 is an educational board game that teaches accounting, finance, and investing at the same time. It makes learning fun. Cashflow 101 is recommended for adults and children age 10 and older.
- Learn to practice real world investing
- Teaches accounting, finance, and investing
- Includes 3 cassettes and one VHS tape.
- Makes learning fun
- Recommended for adults and children ages 10 and up
This Board Games give to us some advantages, like this :
1.
Read the "Rich Dad, Poor Dad" Book firstI've played this at least a dozen times, and have to admit that the game itself is imperfect. However, it HAS taught me a number of things which Kiyosaki does not make clear in his books, and is essential practise for anyone wanting to take the next step after first having read the book.
My tips:
1. Read the book first before playing, otherwise it will probably all seem boring and too weird.
2. The game makes clear: The way to make passive cashflow is NOT on the positive cash flow from rental properties. (Suprised?) The rental income only secures the property, which you must be able to sell for a profit. The money made on the gains from selling the houses is then used to buy businesses - these are what give you the passive cashflow to finally "get out of the rat race."
3. Take the income statement sheet you've used playing the game and fill it out for your own life. You'll be surprised how little your free cash flow, and passive...
2.
Try the software firstLike my title suggests, try the software version first. It allows you to play with multiple players on or off-line or vs multiple computer players. Plus the software version is cheaper. You can even use the multiplayer mode for yourself and use the different players to try different strategies. I found this technique very educational. I have the board game also to play with my wife and others and have yet to crack the wrapper. I stongly suggest going to the Rich Dad website and getting the software version before investing in the board game. The one draw back is that you must have the cd in your drive while playing, so if you want to load it on multiple computers you can only play it on the comnputer that has the cd.
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Cashflow 101 is well worth your time.I bought the game a year ago, and have played it at least six times with 2 - 5 players. I like to get some friends together, eat a meal, and then spend a couple of hours playing the game. It's interesting to see how my friends approach financial decisions in the game – some are confident, others are very cautious.
This is a good way to help you think in a financially healthy way. You see that spending money on “doo-dads” doesn’t help your bottom line, that borrowing from the bank is sometimes necessary to purchase a good property, that the stock market can dramatically grow - or shrink - your capital, what to look for in rental properties, and you get an appreciation for the “big picture” – that you have to work toward increasing your passive income and not sweat little expenses. It’s all about helping you and your friends train your minds to think “passive income is preferable to a paycheck from my...
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