Cashflow 101
Encyclopedia
Cashflow 101 is an educational tool in board game
format designed by Robert 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 to the game. In the first, "the rat race", the player aims to raise his or her character's passive income
level to where it exceeds the character's expense
s. The winner is determined in the second stage, "the fast track". To win, a player must get his or her character to buy their "dream" or accumulate 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.
Robert Kiyosaki also designed two other Cashflow games: a children's version called Cashflow for Kids, and a follow-up game to Cashflow 101 for more advanced players, which he released as Cashflow 202.
Kiyosaki also designed electronic versions of Cashflow 101 and Cashflow 202 called "Cashflow The E-Game" for Microsoft Windows
and Macintosh
operating systems. Currently, these games are compatible with Mac OS X Snow Leopard and Windows 7.
Board game
A board game is a game which involves counters or pieces being moved on a pre-marked surface or "board", according to a set of rules. Games may be based on pure strategy, chance or a mixture of the two, and usually have a goal which a player aims to achieve...
format designed by Robert Kiyosaki
Robert Kiyosaki
Robert Toru Kiyosaki, born April 8, 1947) is an American investor, businessman, self-help author and motivational speaker. Kiyosaki is best known for his Rich Dad Poor Dad series of motivational books and other material published under the Rich Dad brand. He has written 15 books which have combined...
(author of Rich Dad, Poor Dad
Rich Dad, Poor Dad
Rich Dad Poor Dad is a book by Robert Kiyosaki and Sharon Lechter. It advocates financial independence through investing, real estate, owning businesses, and the use of finance protection tactics....
), which aims to teach the players concepts of investing by having their money
Money
Money is any object or record that is generally accepted as payment for goods and services and repayment of debts in a given country or socio-economic context. The main functions of money are distinguished as: a medium of exchange; a unit of account; a store of value; and, occasionally in the past,...
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 to the game. In the first, "the rat race", the player aims to raise his or her character's passive income
Passive income
Passive income is an income received on a regular basis, with little effort required to maintain it.The American Internal Revenue Service categorizes income into three broad types, active income, passive income, and portfolio income...
level to where it exceeds the character's expense
Expense
In common usage, an expense or expenditure is an outflow of money to another person or group to pay for an item or service, or for a category of costs. For a tenant, rent is an expense. For students or parents, tuition is an expense. Buying food, clothing, furniture or an automobile is often...
s. The winner is determined in the second stage, "the fast track". To win, a player must get his or her character to buy their "dream" or accumulate an additional $50,000 in monthly cash flow
Cash flow
Cash flow is the movement of money into or out of a business, project, or financial product. It is usually measured during a specified, finite period of time. Measurement of cash flow can be used for calculating other parameters that give information on a company's value and situation.Cash flow...
.
In place of “score cards”, there are financial statements
Financial statements
A financial statement is a formal record of the financial activities of a business, person, or other entity. In British English—including United Kingdom company law—a financial statement is often referred to as an account, although the term financial statement is also used, particularly by...
. 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.
Robert Kiyosaki also designed two other Cashflow games: a children's version called Cashflow for Kids, and a follow-up game to Cashflow 101 for more advanced players, which he released as Cashflow 202.
Kiyosaki also designed electronic versions of Cashflow 101 and Cashflow 202 called "Cashflow The E-Game" for Microsoft Windows
Microsoft Windows
Microsoft Windows is a series of operating systems produced by Microsoft.Microsoft introduced an operating environment named Windows on November 20, 1985 as an add-on to MS-DOS in response to the growing interest in graphical user interfaces . Microsoft Windows came to dominate the world's personal...
and Macintosh
Macintosh
The Macintosh , or Mac, is a series of several lines of personal computers designed, developed, and marketed by Apple Inc. The first Macintosh was introduced by Apple's then-chairman Steve Jobs on January 24, 1984; it was the first commercially successful personal computer to feature a mouse and a...
operating systems. Currently, these games are compatible with Mac OS X Snow Leopard and Windows 7.
External links
- Reviews of Cashflow 101 e-game and Cashflow 202 e-game with game screenshots and trailer.
- Cashflow 101 FAQ/Rules and different ways to play the game
- Cashflow 101 Players and Clubs
- Cashflow Game club. Official Singapore Cash Flow Club.
- Cashflow 101 y Cashflow 202 club. Club Oficial.