Financial game to exercise your finance mindset

Hemon

Cashflow 101 is a board game designed by Robert Kiyosaki, the author of the popular personal finance book “Rich Dad Poor Dad.” The game is designed to teach players about financial education, investing, and wealth building in a fun and interactive way.

Here are some key features and aspects of Cashflow 101:

1. Objective:
2. The primary goal of the game is to escape the “rat race” and achieve financial freedom. Players aim to acquire assets and passive income streams to cover their monthly expenses and liabilities.

2. Gameplay:
3. Players start in the “rat race” by choosing a profession with a set income and expenses. The game progresses as players move around the board, making financial decisions such as investing in real estate, stocks, businesses, and managing their cash flow.

3. Income and Expenses:
4. The game emphasizes the importance of managing both income and expenses. Players must make strategic decisions to increase their passive income while minimizing expenses.

4. Assets and Liabilities:
5. Cashflow 101 distinguishes between assets and liabilities, encouraging players to focus on acquiring income-generating assets that contribute positively to their cash flow.

5. Financial Ratios:
6. The game introduces players to financial ratios such as the debt-to-income ratio and the importance of maintaining a healthy financial position.

6. Investing:
7. Players have the opportunity to invest in various types of assets, including real estate, stocks, and small businesses. Learning to make informed investment decisions is a key aspect of the game.

7. Debt Management:
8. The game also addresses the concept of using leverage (borrowing money) to invest and how to manage debt responsibly.

8. Learning Experience:
9. Cashflow 101 is designed to be an educational tool, providing players with insights into financial principles and encouraging them to think about money and wealth-building in a different way.

Cashflow 101 is not only a game but also a tool to foster discussions about financial literacy and wealth-building strategies. It can be a useful resource for individuals and groups looking to enhance their understanding of personal finance in an engaging and practical way.