The Cashflow Board Game is a popular board game that was created by Robert Kiyosaki, the author of the international best-seller book “Rich Dad Poor Dad“. The game was designed to teach people the basics of financial literacy and how to achieve financial freedom. The game has been enjoyed by millions of people around the world, making it a popular tool for teaching financial literacy.
The author
Robert Kiyosaki is a successful entrepreneur, investor, and author who has been sharing his financial knowledge with the world for decades. He believes that the traditional educational system does not prepare people for real-life financial challenges and that they need to learn how to manage their money in a different way. With the Cashflow Board Game, Kiyosaki aims to provide a fun and educational tool that can help people understand how money works and how to achieve financial independence.
How to play the cashflow board game
The game is played with 2 to 6 players and takes about 2 hours to complete. Each player starts with a “job” and a certain amount of money, and the goal of the game is to get out of the “rat race” and into the “fast track” by increasing your income, investing in assets, and avoiding liabilities. The game is played on a board that represents the financial life of a person, and players roll dice to move around the board and make financial decisions.
Cashflow board game lessons
Three lessons that can be learned from playing the Cashflow Board Game are:
- Understanding the difference between assets and liabilities: The game helps players understand the difference between assets and liabilities and how these two elements impact their financial health. An asset is something that generates income, while a liability is something that takes money out of a person’s pocket. Understanding the difference between assets and liabilities is essential for making smart financial decisions and achieving financial freedom.
- The importance of passive income: The game teaches players that the goal is to create a steady stream of passive income, which is money earned from assets without actively working for it. This is key to achieving financial independence and breaking free from the “rat race.” Players learn how to identify potential income-generating assets and make smart investments to increase their passive income.
- The power of mindset: The Cashflow Board Game also teaches players the importance of having a growth mindset and taking calculated risks. It shows that success in finance is not just about having a good job or earning a high salary, but also about developing a positive attitude towards money and taking the necessary steps to grow wealth. Players learn to embrace challenges and setbacks as opportunities for growth and to think outside the box when it comes to financial decisions.
Conclusion
The Cashflow Board Game is a fun and educational tool that can help people master their finances. It teaches players the difference between assets and liabilities, the importance of passive income, and the power of a growth mindset. Whether you’re a beginner or an experienced investor, the game provides valuable lessons that can be applied to real-life financial situations. So gather your friends and family, and get ready to have a blast while learning about money!
Have you played? Comment below!
Things that I use, like, and am affiliated with:
Google Fi offers great cell phone service in 120 countries, get $20 off using the link. Get discounted phones with service activation and no contract.
Uber and Lyft are offering discount rates on your first rides using the links.
AirBnB where you can be home anywhere in the world; get up to $55 off with the link.
I never spend money before I check Mr Rebates, Raise, Ebates or Honey to get cashbacks, rebates, discounts, coupons or cheaper gift cards.
This blog is hosted at Hostgator