Come Play Cashflow 101 at the REIA
Come join us for a free, fun, and entertaining evening of playing Rich Dad Robert Kiosaki's Cashflow 101 board game. Learn how to get out of the Rat Race and onto the Fast Track where your money works hard for you, instead of you working hard for your money.
Cashflow 101 is an educational board game that teaches all the principles that you need as a real estate investor and entrepreneur. You get to practice real world investing with play money, so there's no real world risk, but there's a TON of real world learning.
Meet new people, make friends, and learn how to make smart financial decisions so that you can get out of the Rat Race for good. This board game brings out your investment style and shows you how to think and act like a successful real estate investor. It's been called Monopoly on steroids.
The 21 Lessons That You Will Learn
- The game reflects your appetite for risk and how it affects your investing decisions. See how your appetite for risk is helping or hindering your financial journey. Do you hate risk, recklessly ignore risk, or take calculated risks? Are your calculated risks actually calculated or are you just guessing?
- It reflects your fears in investing. Are you afraid to lose money? Are you afraid of making mistakes? Are you afraid to try out things that you know nothing about?
- It reflects your attitude towards money and wealth. Are you committed to the game of accumulating wealth, or are you nonchalant and disinterested? Do you pay attention to what happens in the game, or does your mind wander? Are you really serious about learning how to accumulate wealth?
- It reflects your mindset about opportunities. Do you believe that wealth is just luck? If you don’t land on an opportunity, does that mean there are no opportunities coming your way? Do you make the most of the opportunities in your path?
- The game reflects your bias or prejudices about jobs. Initially, people who don’t know the game get disappointed when they get the Janitor or Truck Driver or some other low-income profession. They are envious of people who are Lawyers, Pilots or Doctors in the game. Is this the same in real life? Do you ever wish you had a high-paying job? As you play Cashflow 101, you’ll realize that a high salary does not necessarily help. Actually, it doesn’t matter. Whatever your job, you can get out of the rat race. You’ll love getting the paycheck at first, but if you play the game right, you’ll end up forgetting it later. When you start tasting investing, you develop a hunger for it and forget about a paycheck.
- The game reflects how you work with other people. Do you try to take advantage of other people? Do you try to teach? Do you try to engage others and work out win-win deals? Do you let them do their own thing even if you know its wrong?
- The game reflects how you approach investing. Do you approach it with a clear plan and strategy? Do you do your due diligence before you decide or do you rely on your instincts?
- The game teaches you how to maintain a basic Income/Expense Statement. By maintaining an Income Statement, you get a clear picture of your Cashflow situation. Most people are blind when it comes to their income and spending. They get their paychecks and later wonder where it all went.
- It teaches you how to maintain a basic Net Worth Statement. In the game, it’s called a Balance sheet but it's really a Net Worth statement. The statement shows if you have positive net worth or if you are “worth-less.”
- It teaches fundamental Financial Analysis. How do you analyze an opportunity to determine if it's a good deal or not? What numbers or ratios do you use to guide you? Eliminate the guesswork.
- It teaches you basic cash management. You learn how to budget and allocate your cash.
- The game teaches you the importance of an emergency fund. You get to experience first-hand how to lose your job and be prepared for it. You don’t have to lose your job in real life to experience its impact.
- It shows you how to make money in stocks. This knowledge alone will set you above most of the investors who “play” the stock market. The stock market is not a lottery or a casino; it has clear rules and strategies for success. Do you know them already?
- It shows you how to make money in residential real estate. Learn how to buy and sell houses, duplexes and apartments in a safe way.
- It also shows how to make money in commercial real estate like car washes, bed & breakfast lodgings, and shopping malls as you move up in skill and capital. Learn more by playing with investors.
- It shows how to make money in small business. Can you make money starting a small business like a startup software company?
- It shows that not all opportunities are good deals. Save yourself the heartache of losing money. Learn how to analyze an opportunity properly.
- It shows how to use leverage to acquire property. What’s leverage? If you need to ask, you need to play.
- Learn how to be not only a positive thinker, but also someone who constantly creates positive cashflow.
- When deciding on opportunities, learn how to be clear. Do you need Cash or Cashflow? Learn when to get each one at the appropriate time.
- Get a blueprint for accumulating passive income and put it all together in real life. This is one game where you'll want to take what you learn and apply it in your own life!