Lifestyle Upgrade’s mission is to teach, empower and inspire an entire nation by making every Filipino financially literate through education and sharing of our wisdom knowledge and experience. Last Saturday, March 8, 2014, we conducted a Cashflow Game at Carol’s Texan 5 along with other interested and money-savvy participants.
According to Wikipedia, ”
“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. The board game is based in a financial and economic simulation environment.
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 expenses. 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.”
We would like to thank you all for supporting this endeavor. Managing personal finances is such a headache, but managing your cash in Cashflow 101 board game can be so fun! and life-changing.
Stay tuned for future Cashflow game sessions!