Wisdom of Rich Dad

            

If you ever read the rich dad, poor dad series especially cash flow quadrant then this game would be familiar for you.

The origin of this game is in a form of a board game (like a monopoly). But if you have ever played it, there are significant differences.

The objective of this game is to teach the financial literacy and to understand more about financial statements in a simple manner. The best part of this game is that how you play the game reflects your perception about money.

At start, you will have to choose what dream that you want to be realized. Isn’t it interesting? In our daily life it is very important to set short term and long term goal.

After you choose your dream, the game will randomize the profession for you. The professions range from low to high salary. But, it is not very important that you get the low or high paid work. The most important is how you stick to your plan and manage your financial life to reach your dream.

 

Now, things are getting quite complicated for the beginners. You will counter the balance sheet and income statement. It is the chance to learn about financial vocabularies and their meaning in the simulation provided by the game. You will learn about stock, stock options, property and compound interest.

The game play itself is quite simple. The rat (representing our daily life) will face many circumstances that needed your attentions. Each of your decision will bring long term consequence to your financial position. Just keep in mind that the goal is to have enough passive income to cover all your living expenses.

 

A nice book to read, a nice game to try.

This entry was posted on Thursday, March 20th, 2008 at 6:22 am and is filed under Cashflow Game, Cashflow Quadrants, General Finance. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.