May 19, 2013 · 2:00 PM
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Let's play Cashflow and experience the financial world in a board game setting. We will teach you how to play and we will share our financial experiences during and after the game.
Cashflow 101 is an educational tool in board game format designed by Robert T. Kiyosaki (author of Rich Dad, Poor Dad), which aims to teach the players concepts of investing by having their money work for them in a risk free setting (play money) while simultaneously increasing their financial literacy and stressing the imperative nature of accountability.
There are two stages in the game. A player has to exit the first stage "the rat race" by raising passive income to exceed the expenses. The winner is the first one acheive the goal in the second stage, "the fast track", either by buying the "dream" or by accumulating an additional $50,000 in monthly cash flow.
In place of "score cards", there are financial statements. The game requires the players to fill out their own financial statements so that they can see more clearly what is happening with their money. It generally shows how assets generate income and demonstrates that liabilities and 'doodads' are expenses.