Robert t kiyosaki cashflow 101
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And the monthly financial statement is what rules it all - how much cash is on hand, how much is coming in every month, and how much is going out. Bad luck or failure to recognize good deals can keep someone in the rat race for a long time.
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The player sometimes is forced to buy "doodads" like boats and cars that cost money but generate no income. In the rat race, players occasionally have the opportunity to invest in a "small deal" like a stock trade or a single family rental, or a "big deal" like an apartment building or business. When passive income exceeds montly expenses, the rat moves from the rat race to the fast track, and has the opportunity to realize life goals.
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Monthly expenses are enumerated on a simplified financial sheet.Įach player rolls the dice, moves his piece, does what the space landed on says (such as collecing wages, spending money, or examining an investing opportunity)Īs the game progresses, the player in the ratrace tries to buy cashflow-producing assets or reduce monthly expenses (by paying off loans). Each rat has a job (with a monthly income), a house, a car loan, and other monthly bills. Things are tougher in the rat race where players have to scrabble for business opportunities and have to fight downsizings and the purchase of "doodads".Įach player starts as a rat on the ratrace track. The fast track is filled with life goals, such as funding a cancer research center and taking a cruise around the world, as well as fantastic business and investing opportunities. A smaller inner track labeled the ratrace where play begins, and a larger outer track called the fast track. Our friends had access to a copy and brought it with them to a dinner we hosted.įor those of you who haven't played the game, it goes something like this:Ĭashflow 101 is a standard roll-the-dice and move-your-piece boardgame, but it has two tracks. No, I didn't shell out the $200 (note - it goes for around $150 on ebay). Well, my wife and I had the pleasure to play Cashflow 101 recently with some friends of ours.
ROBERT T KIYOSAKI CASHFLOW 101 HOW TO
How are you supposed to learn how to become financially independent when you spend $200 on a board game? A $200 board game that RK advertises in most of his $12 books. To the RD/PD detractor, this is the ultimate symbol of RK's greed. People argue about RK's vague personal history, the probability that Rich Dad is a myth, RK's often inaccurate factual statements, and his predeliction to use chapters in his books to market his other books and materials.īut probably the favorite piece of amunition in the RK detractor's arsenal is Cashflow 101 - a "patented" board game by RK that supposedly teaches kids and adults the basics of a financial education: what a financial statement is, how cashflow works, why you need to invest, what you need to do to achieve financial freedom.