Breaking Free
How to Quit Your Job and Start Your Own Business
How A Board Game (Like Monopoly) Can Teach You Financial Freedom
In: Education By: Brian Armstrong
28 Jul 2007
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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Breaking Free is a blog for people who'd like to quit their 9-to-5, start their own business, and achieve financial freedom. It's written by web-entrepreneur Brian Armstrong. You can read more here »
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tim6575
July 28th, 2007 at 5:21 pm
richdadpoordad
Travis Collatz
January 31st, 2008 at 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.
yusriThea
May 26th, 2008 at 1:48 am
I will buy cashflow game..
can u help me?
but the price dont so expensive
ok!!
Brian Armstrong
May 26th, 2008 at 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
HipHopStar
June 10th, 2009 at 1:01 am
Hey I’m new and I guess this is as good a place as any to see if anyone knows of a good loss mitigation training course?
I keep hearing about people making tons of money becoming foreclosure consultants.
So, If you have any info or you have purchased a good course, please share. I’m retired and looking for a home based business that I can earn a decent income with.
Thanks,
Brian Armstrong
June 12th, 2009 at 8:19 pm
Hi there, I don’t have much experience in that industry, but it’s probably a hot topic right now. There are probably some great books out there on it which might be a good place to start? Cheaper than a course. I think if you read the top 3 books in that area, you could probably know enough to teach a course. Of course, having done it yourself or with others already would give you a lot of credibility. You may have already read some. One thing I don’t understand about the industry though is that you are trying to make money from people who are broke or in foreclosure, so how much could they afford to pay you? You may have already thought of that though. Good luck and congrats for taking the initiative!
Brian
DouglasHYIPdreamer
June 17th, 2009 at 2:38 am
Hello.
I was invited at Cherryshares, investment pool a month ago but didn’t invest with them, because my friend Jay told me that there are programs that pay more.
Such as cashtanker, geniusfunds stoic-capital. What will be better can you advice? I don’t want to get scammed.
Brian Armstrong
June 17th, 2009 at 9:09 pm
Hi Doug, I’m afraid I haven’t heard of those but they all sounds like scams! Proceed with caution.
Brian
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September 28th, 2009 at 12:46 pm
my goal in life is to achieve Financial Freedom through making money online. I monetize my websites and blogs using Adsense and Adbrite. Hopefully, with more work and time i might just achieve financial freedom.
Caramoan
November 2nd, 2009 at 2:37 pm
every person wants some degree of Financial Freedom. you can easily achieve financial freedom if you work hard and work smart.
Brian Armstrong
November 2nd, 2009 at 8:04 pm
Definitely, thanks for stopping by Caramoan!
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Erika
February 12th, 2010 at 7:57 am
i wish to have Financial Freedom in the next 5 years or so. i was able to establish a small internet retail store last year. i am hoping to gain enough profit from this store.