Playing Games to Educate ourselves financially

Last Saturday on 8th May 2010, Some LiveWIRE participants/members played an expensive board game called Cashflow 101 created by Robert T Kiyosaki, the guy who wrote Rich Dad Poor Dad, Cashflow Quadrant and other Rich Dad Series books.

The game is similar to Monopoly. Monopoly teaches the players about real estate, the value of land and the buildings on it. Cashflow expands the idea on how rich people become rich through Business, Real Estate and Stocks.

The game starts with the player choosing  their color, then uses a small rat statue of that color, and places a cheese of the color onto their dream on the outer track or fast track. Then the player chooses a job card ranging from a janitor, teacher to a lawyer or a pilot. The cards contain a simple financial statement of assets, liabilities,income and expenses. the person then copies them down to a form provided. The player will get the amount of cashflow (=income – expenses) everytime they pass the “paycheck” square. other squares on the board affects the player’s financial statements. e.g. Continue reading

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