How A Board Game (Like Monopoly) Can Teach You Financial Freedom
I’m really starting to embrace this passive income idea. Right now I’m relaxing by the pool with my laptop and my only goal for the entire day has been to cook some pan cakes, watch some Entourage, and go to a birthday party tonight.
But I thought I’d take a minute to write a quick post here about a game I’ve been playing lately called Cash Flow (aff).
It’s an educational board game created by Robert Kiyosaki, of Rich Dad Poor Dad fame, that is designed to teach you financial literacy. People get intense when playing it, pulling out calculators, and negotiating deals…sort of like monopoly on steroids.
I don’t recommend buying the game, because it’s expensive and you’ll probably have trouble finding people who want to play it with you anyway, but you may want to check if there is a cash flow Meetup.com group in your area that plays it.
When I first played it, I underestimated how complex it was (it seemed too easy).
But it actually does a great job of teaching you balance sheets, income statements, evaluating deals, and the difference between investing for capital gains vs. cash flow.
Before playing the game, I understood all of those concepts enough to pass an exam in school. But after playing the game a few times, I feel like I understand it one level deeper. Enough to use those terms in casual conversation and even think one level beyond, if that makes sense.
Take a minute to find a group that plays it in your area….it will change the way you think about getting out of the rat race.
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Four Common Beliefs About Real Estate Investing That I Now Know Are Flat Wrong said,
Wrote on July 28, 2007 @ 4:32 pm
[…] you start playing Cash Flow, you’ll quickly see that there is big money to be made in negative cash flow properties […]
tim6575 said,
Wrote on July 28, 2007 @ 5:21 pm
richdadpoordad
[Reply]
How To Quickly Make A Ton Of Friends In Any City said,
Wrote on August 28, 2007 @ 1:32 am
[…] board games with a group on a regular […]
Travis Collatz said,
Wrote on January 31, 2008 @ 12:23 am
Yes that game is amazing. but yes its true I have trouble finding people to play with in my area. but it teaches you like nothing eles. about it being expensive. HA no just sign up for a Rich Dad Real Estate Class and its Free with every package.
Travis.
[Reply]
yusriThea said,
Wrote on May 26, 2008 @ 1:48 am
I will buy cashflow game..
can u help me?
but the price dont so expensive
ok!!
[Reply]
Brian Armstrong said,
Wrote on May 26, 2008 @ 6:35 pm
Yes its ridiculously expensive. Try searching for a cash flow meetup group on meetup.com
Thats what i did to find a group of people who play it. Good luck!
Brian
[Reply]