#Contents of cashflow 101 game how to#
#Contents of cashflow 101 game update#

After a player manages to build up passive income that exceeds expenses, that player automatically exits the rat race and enters the fast track. Audits are conducted by other players to ensure everything is updated correctly.Д¬ashflow 101вЂ™s other objective is achieving your dream.

#Contents of cashflow 101 game update#

Each decision triggers an update in every playerвЂ™s financial statement. With each turn, players have a chance to make crucial decisions which impact on their income statement. Each player will then take turns playing landing on any of the following tiles doodads, opportunity pay check, charity, baby, downsized or the market. The professions included are engineer, teacher, business manager, mechanic, lawyer, secretary, janitor, nurse, airline pilot, police officer, doctor and truck driver.ДЄfter each player has chosen their preferred profession, they transfer their information i.e., assets, liabilities, income and expenses to their income statements. Expenditure stands for the cost of living. Passive income refers to money which is gained indirectly i.e.

Players remain on this wheel until they have a passive income which exceeds their expenditure. The game starts out with all the players in the rat race which is a small wheel. Most people have a hard time succeeding financially even after going to school because schools donвЂ™t teach financial literacy. Robert Kiyosaki calls this cycle the rat race. Objective of the GameД¬ashflow 101вЂ™s main objective is to help you get out of the common cycle of financial problems faced by most people. The time required to play the game ranges from 30 minutes to 4 hours. LetвЂ™s take a closer look at the Cashflow 101 board game to understand why it is so popular and effective in instilling financial knowledge. Rich Dad Poor Dad, Increase Your Financial IQ and The Cash Flow Quadrant. Cashflow 101 attempts to teach KiyosakiвЂ™s financial principles expressed in most of his books i.e. Such financial problems are capable of plunging people into serious problems like homelessness as seen in many instances where home owners are unable to meet their home loan obligations. ItвЂ™s a fact that most people lead lives characterized by recurring financial problems and huge debt.

#Contents of cashflow 101 game how to#

Through his game, Kiyosaki teaches people how to stop living paycheck-to-paycheck (the rat race) and enjoy success on the вЂњfast trackвЂќ. Cashflow 101 is a boardgame by best selling author Robert Kiyosaki.