I love playing Cashflow!
Ever since I first played the game probably a decade ago now, I’ve been looking for opportunities to play whenever I can.
This isn’t you’re regular boardgame.
For starters, you invest in this game, you don’t go down to the local game store and pick up a copy for $20.
I believe the original game cost about $200 when I first learned about it. Today, you can pick up a copy from the Rich Dad website of the latest version for only $50.
What is Cashflow?
If you’ve never heard of the boardgame Cashflow, perhaps you’ve heard of a very well known book called Rich Dad, Poor Dad written by Robert Kiyosaki. The subtitle of the book tells you exactly what you’ll learn when you read it.
What The Rich Teach Their Kids About Money That The Poor And Middle Class Do Not!
He’s the creator of the Cashflow boardgame and it’s based on the principles he teaches in his famous Rich Dad books.
The goal of the game is to escape the Rat Race. Something I believe most people aspire to do.
In the past I’ve played the game at workshops or seminars, and usually with a limited time to play.
This Christmas my wife found me a copy of the game on Kijiji and we’ve played more in the past 6 months than in the past 6 years. My 2 kids even jumped right into the adult version after they played the Cashflow for Kids version a couple of times and found it too easy.
Now they tell me it’s their favorite game, and I’m thrilled because I know that even if they’re not picking up all the lessons the game offers, they’re learning about money in a way most adults never do, which will set them up to do well financially as they get older.
One of the ways I’ve found opportunities to play Cashflow in the past before I had my own board was to attend Cashflow Clubs, usually run as a MeetUp group. You can likely find groups like this in your area, and are a great way to meet like-minded people and have a great time playing and learning all at once.
Lately, I’ve been considering my own local Cashflow Club, and yesterday I participated in one just to see how it was run.
We had a great time playing, and I learned a few things not only from the game, but also about how I could run a successful Cashflow Club once I organize it.
Robert Kiyosaki Explains How To Play Cashflow
The Lessons You’ll Learn From Playing Cashflow
Unlike most boardgames that you play simply for entertainment, the Cashflow game is about having fun and getting a financial education at the same time. Just like Robert described in the video above, the game is designed to teach you about money and investing in a way that is fun. The subject of money and investing is often taboo, and not something our society discusses openly, and probably contributes to why so many people today are facing financial challenges.
Learning about and understanding how money and investing works, is a foundational key to creating a life of freedom from the Rat Race. Without a solid financial IQ, even a cash windfall can result in bigger hardships.
Here are a few of the financial lessons you’ll learn from playing Cashflow.
- Increase your financial IQ
- Learn to create passive income
- Learn the difference between assets and liabilities
- Learn how to follow the money and how it impacts your financial statements
- Learn about investing vs. speculating
- Learn how to escape the Rat Race and enter the Fast Track
Just like learning anything else, the financial education you need can’t be learned by playing the game just once.
Everytime you play Cashflow you’re bound to learn something new that you didn’t discover the previous time.
It might be something about how you view your own finances, it might be an idea about a business you can start, it might be a strategy you hadn’t considered that would allow you to begin investing sooner than you previously thought possible.
Each and every time you play Cashflow, new learning opportunities will present themselves, and that’s why it’s important to play the game over and over again.
Yesterday while playing Cashflow I escaped the Rat Race faster than I ever had before. Perhaps it was lucky cards being pulled at the right time, or perhaps it was just having the knowledge to make the right decisions at the right time. Regardless, I still picked up a couple of good lessons while playing.
The first was a reminder that buying single family investment properties pays off in the game, and in real life for us. Last week we actually sold our last investment property, and so I think it would be a good idea to keep our eyes open for another great opportunity to transform one person’s trash (we usually buy distressed properties and fix them up) into a profitable treasure.
I also learned patience from watching some of the other players. One lady in particular drew a Janitor position, so her paycheck was quite low, and while she was eager and willing to invest, she just didn’t have the resources herself until later in the game. Despite being handicapped by a low income though, she still was on the lookout for the right opportunity that would set her free of the Rat Race, which did happen right when the game play ended.
Cashflow is the kind of game that can be quite addictive, only in a good way. Rather than being glued to the TV or surfing online why not set aside a few hours and learn how to create the kind of future you’ve imagined for yourself. You might be surprised at how much you can learn from playing a boardgame for a few hours. You’ll also likely meet some great people who are also on their way out of the Rat Race and may be able to share some of the lessons they’ve learned as well.
Bottom line – keep playing Cashflow and escape the Rat Race!
Part of escaping the Rat Race is creating businesses and investments that provide you with passive income. If you don’t have those structures in place, then you’re still trading time for money, and virtually nobody gets rich with that plan.
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