Cashflow 101 on 3rd December 2010


Me and my partner organized a cashflow 101 game at livewire again. This time we pledge to give a book prize for the winner.

Either I was good in explaining the game, or they were fast learners. well 2 out of 4 anyway, the last 2 caught up later in the game. But in the end my partner won the game. The book prize was Kiyosaki‘s latest book – Conspiracy of the Rich.

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At the beginning, I shared the basic of the game, such as:

  • The basics of Financial Statement using a Job Card in the game.
  • The Objective of the game – to increase your passive income to be greater or equal to their expenses in the rat race, and to rich your dream or a higher cashflow in the fast track.
  • What the spaces on the board meant, such as paycheck, opportunities, doodads, Charity, Baby and Downsized meant.
  • During gameplay when the player gets card with a new twist, I explained the meaning of the card and how it would be used as well how it effected their financial statement.
  • Basic Strategy of the game such as buying assets, paying liabilities and using loans.

I skipped on the rules of bankruptcy and only resorted to that if only it happens. even then I would have to refer to the rule book as it really rarely happens. although it happened to me twice a long time ago. :p

The explanation was admittedly slow and long, but I believed with enough knowledge at the beginning, the players will not complain much or give excuses about not knowing about the rules that caused them to “lose”. Some players as usual used the strategy of paying of their liabilities, which I believe slowed them from progressing. Another factor was they had good opportunities (such as $1 or $5 stocks) but did not buy a lot of them. Some players were aware when they had a good deal (a rental property) when the experience players were fighting off to buy it from them, and eventually declined to sell and bought it for themselves instead.

The winner of the game received Kiyosaki’s Latest Book – Conspiracy of the Rich.

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