Saturday, December 31, 2011

Robert Kiyosaki's Cashflow 101 Financial Management Workshop

One of the topics that interest me is personal finance and I consider Robert Kiyosaki's Rich Dad, Poor Dad to be a book that's great both for shifting your paradigm regarding money as well as for keeping you motivated as you strive for financial freedom. I had heard about the Cashflow 101 board game but I did not really pay much attention because the board game was very expensive (Kiyosaki is selling Cashflow 101 for $195). There was a local group that regularly met to play the game but even that was expensive (more than P1000 per game). So when Metrodeal featured Cashflow, I quickly bought two vouchers.

Robert Kiyosaki's Cashflow 101
picture from Metrodeal

We met with the other folks at Spicy Fingers in Greenbelt 2. In our table, there were 2 facilitators and 5 of us newbie players. The game's mechanics was explained and we were each given two sheets of paper -- Income Statement/Balance Sheet and Small Deals Buying Sheet. Financial independence is about getting out of the rat race so each player was represented by a tiny plastic rat.


Robert Kiyosaki's Cashflow 101
picture from Metrodeal

We chose our occupation and as expected, we money-loving peeps chose the fancy jobs: business manager, doctor, pilot, etc. No one chose to be a janitor (which we later found out was not as disadvantaged as we thought). Each turn, we would roll two dice and move our plastic rat. Where the rat landed would determine our fate -- lose a turn, draw a small or big deal, have a kid -- and the state of our finances. To get out of the rat race, one's passive income must exceed his expenses.

The game was very engaging even though it was long. We actually felt "bitin", we wanted to play more! The game also touched upon investing in stocks and real estate without being intimidating since the approach was hands-on rather than classroom-type. By the end of the workshop, everyone was beaming and inspired.




Cashflow 101 Financial Management Workshop
Spicy Fingers, Greenbelt 2 Ayala Center
Makati City, Metro Manila
Web site


18 comments:

  1. I have seen that cashflow management workshop being offered by group buying sites since last year. I wanna learn that thing for free :)

    ReplyDelete
    Replies
    1. I think there's a free online version (perhaps unofficial) but I haven't tried it so I don't know if it's as good as the board game or if it's really free.

      Delete
  2. I used to play cash flow back in Qatar.I have a group where in we meet once a week and we talk about business,investments and money matters and of course cash flow is a part of out topic. It helps us a lot on mone savings and investment.

    ReplyDelete
  3. A friend is always inviting me to a Cashflow Party pero di ako pumupunta kasi akala ko networking sya. di pala next time she invites me i'll go na

    ReplyDelete
    Replies
    1. When I first heard about it from a friend, like you, I also thought it was a networking thing. Thankfully, there was no catch. :)

      Delete
  4. Thanks.. Nice Post..

    JayRyan'sBlog-

    ReplyDelete
  5. Oh this is a nice game. I want games that will challenge me financially haha. Parang sa totoong buhay lang. haha.:)

    ReplyDelete
    Replies
    1. I haven't tried playing it, but they say Monopoly is also a good financial game :)

      Delete
  6. want to try it too! i have the rich dad poor dad book and i did learn a lot from RK...

    ReplyDelete
    Replies
    1. yup it was a good book. ideal for those who need a little push to shift from thinking like an employee to thinking like an entrepreneur/investor. very motivational too.

      Delete
  7. Wow, I didn't know about this Cashflow game although I have the Rich Dad Poor Dad book by Robert Kiyosaki. Must be a good game since it teaches one to be wise financially. I hope to play it soon and translate my learning into actual financial freedom!!

    ReplyDelete
  8. I have read the book but haven't played the game yet. I should try this out soon.

    ReplyDelete
  9. I think this would also be an interesting medium in teaching let's say economics to our students. What do you think?

    ReplyDelete
  10. This seems to be an exciting game.
    I never knew about it until i read this post.
    I used to play millionaire's game during my
    younger years and I love playing it then.
    I want to try this one.

    ReplyDelete
  11. I've always wanted to join Cashflow 101 but afraid I'll get intimidated by the old timers and that i'll be out of place since i don't know anybody.

    ReplyDelete
    Replies
    1. There is Cashflow 202, so probably the old-timers are there. Don't be intimidated, in our group alone, we were all first-timers, three of which (all young ladies) came alone.

      Delete
  12. This gonna be so beneficial for newcomers on business world.

    ReplyDelete
  13. Escape the enslaving feeling of being a bored rat. Time to get out of the corporate rat race.

    ReplyDelete

Repost.Us

Related Posts Plugin for WordPress, Blogger...