When you land in this option, you are offered by a buyer. Markets serve as opportunities for holders of assets. You can borrow a loan from the bank to fund these deals if you don’t have enough cash provided you can also pay them or else you will go bankrupt. Each opportunity represent an ROI or return on investments. Deals can either be stocks, mutual fund, business, or real estate opportunities. Small deals are deals that involves small money while big deals involve large sums of money. It is broken down into two: small deal and big deal. Opportunites serve as deals for you to grab.
These are things such as a huge discount on items, a promotional discounted vacation, etc. In the game, you cannot resist it and definitely you are compelled to buy it which you can pay by either cash or credit cards. Doodads are simply the expensive wants that we can’t resist. This is also a good practice to know basic principles of accounting and auditing.įor every roll of the dice, you can land into one of the following:ĭoodads. In the rat race, there is an income statement and balance sheet column for which you need to place each transaction in the game and sum it up. I think the dice perse in the game represents the uncertainty in the real world. The rate race is simply for the average person while the fast track is for rich persons. You can play the game against a maximum of 4 other players.īoth of them are tracks of income and spend but for the fast track, you’ve got options for lavish lifestyles and big expenditures such as taking a vacation, funding a research, running for a mayor position, etc. īasically, there are two tracks of the game: The Rat Race and The Fast Track. From Cashflow 101 E-Game, you can play a more advanced game, the CASHFLOW 202 The E-Game.
I can definitely say that it’s one of the best games to play when you want to increase your financial literacy. I never played the actual cashflow game yet but thanks to a college friend who gave me a copy of the cashflow 101 e-game.
#PLAY CASHFLOW 101 HOW TO#
However, once you have learned to get out of the Rat Race, the next stage is learning how to get on the “Fast Track,” which is the next stage of the game that we expect to play in the future.As I continue my financial education, yesterday I first played the Cashflow 101 E-Game. Please note that we are starting the club for beginners, so no experience is necessary. The learning comes when you start to make investment decisions and how every transaction affects your balance sheet and income statement. You could invest in stocks, businesses, real estate, gold, etc. The first player to accomplish this, wins.ĭuring the game, each player gets a turn to roll the dice and has the opportunity to make investment decisions that will move them closer to getting out of the rat race. The objective of the game is to build your assets by learning how to invest in different types of investments and reaching the point that your passive income from your investments is greater than your expenses. Each player then gets a balance sheet and income statement they fill out so they can learn to keep track of their assets, liabilities, income and expenses. It could be an engineer, a lawyer, a mechanic, a secretary, etc. Getting Out of the Rat Race is different in that instead of getting cash in the beginning of the game, each player selects a character that they are going to role play during the game. I recall that luck had a lot to do with winning in Monopoly and some nights we played for over 5 – 6 hours. The winner of the game is the person who ends up with all the properties on the board and collects rent from all the other players. As you will recall, Monopoly consists of using cash to purchase real estate and then buying houses and hotels to collect rent from other players. If you have ever played Monopoly, then you’ll appreciate the differences and the value of picking up where Monopoly ended. Cash Flow – How To Get Out Of The Rat Race, from Robert Kiyosaki, the author of the educational series, Rich Dad, Poor Dad.