CASHFLOW 101 GAME REVIEW HOW TO
Put your financial skills to the test and learn how to escape the rat race in the comfort of your own home. This game is the ultimate realization of Robert Kiyosaki's vision for an interactive tool to teach investing and wealth building. CASHFLOW was developed by renowned entrepreneur and motivational speaker Robert Kiyosaki, author of the bestselling personal finance book of all time, Rich Dad Poor Dad.
In the second part, "the fast track", the objective is to win the game by being the first person to buy your "dream" or to accumulate $50,000 in monthly cash flow from businesses purchased on the Fast Track. Progress is tracked on personal balance sheets and income statements. The consequences of chance and choices are highlighted in the game. Monthly expenses can be reduced by paying off debts. You can also have the "misfortune" of buying expensive "toys" or having children, requiring monthly payments that make it harder to exit the rat race. You get opportunities to make investments that can eventually generate the cash flow required to get out of the rat race. Those with a higher salary also have higher monthly expenses. You draw a career card that gives you your beginning salary and monthly expenses. In the first part, "the rat race", your objective is to "get out of the rat race" by building your passive income to be greater than your monthly expenses. Although the instructions say to plan on spending about three hours to play the game, it took us six hours this first time. I received a CashFlow game from my wife, Janet, for Christmas and played a round with my adult children, Dawn and James, on New Years day. How can you show how investment principles work in a way that makes them clear in a fun way? A game! That is how Robert Kiyosaki came to develop the CashFlow game. A friend's "Rich Dad" father took Robert under his wing and showed him how he acquired wealth. His actual "Poor Dad" father was a highly-ranked school administrator, who constantly argued with his wife over money matters. In Rich Dad, Poor Dad, Robert Kiyosaki explained how this became clear to him at a young age. When we enter the workforce, the tendency is to fall into "the rat race", spending about what we make and never becoming financially independent. They believe getting a college education should result in getting a good job. Many people view a college education as a type of trade school. The American educational system is designed to develop good employees, not entrepreneurs or investors.
Why review a game in a tax and business newsletter? Because this game is designed to help develop business and investment skills. *A Game Review* CashFlow - Investing 101 By Robert T.
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