cashflow 101
REACTION ABOUT CASHFLOW 101 by JERRY LEE:
Cashflow 101 is an educational tool in board game format designed by Robert Kiyosaki (author of Rich Dad, Poor Dad), which aims to teach the players concepts of investing by having their money work for them in a risk free setting (play money) while simultaneously increasing their financial literacy and stressing the imperative nature of accountability.
There are two stages to the game. In the first, "the rat race", the player aims to raise his or her character's passive income level to where it exceeds the character's expenses. The winner is determined in the second stage, "the fast track". To win, a player must get his or her character to buy their "dream" or accumulate an additional $50,000 in monthly cash flow.
In place of “score cards”, there are financial statements. The game requires the players to fill out their own financial statements so that they can see more clearly what is happening with their money. It generally shows how assets generate income and demonstrates that liabilities and 'doodads' are expenses.
It was a really great opportunity for all of us to experienced this cashflow 101 seminar wherein everyone was blessed to be more knowledgeable, to understand and to see the real life scenario that transformed into a game-board in a very low and affordable fee... It served as an open eye for me to work and think hard of the things to become wealthy (the number of days that I can live without sacrificing my lifestyle).
A salute to all the people behind
Cashflow 101 is an educational tool in board game format designed by Robert Kiyosaki (author of Rich Dad, Poor Dad), which aims to teach the players concepts of investing by having their money work for them in a risk free setting (play money) while simultaneously increasing their financial literacy and stressing the imperative nature of accountability.
There are two stages to the game. In the first, "the rat race", the player aims to raise his or her character's passive income level to where it exceeds the character's expenses. The winner is determined in the second stage, "the fast track". To win, a player must get his or her character to buy their "dream" or accumulate an additional $50,000 in monthly cash flow.
In place of “score cards”, there are financial statements. The game requires the players to fill out their own financial statements so that they can see more clearly what is happening with their money. It generally shows how assets generate income and demonstrates that liabilities and 'doodads' are expenses.
It was a really great opportunity for all of us to experienced this cashflow 101 seminar wherein everyone was blessed to be more knowledgeable, to understand and to see the real life scenario that transformed into a game-board in a very low and affordable fee... It served as an open eye for me to work and think hard of the things to become wealthy (the number of days that I can live without sacrificing my lifestyle).
A salute to all the people behind