Apr 21, 2021 This is up from $128 billion in 2020 and $101 billion in 2019. Capacity remains constrained owing to the large-scale grounding of the passenger fleet. This removed significant belly capacity, driving up yields 40% in 2020, with a further 5% growth expected in 2021. In 2021 cargo will account for a third of industry revenues. CASHFLOW 101 is an educational board game that simulates real life financial strategies and situations. As a simulation, you learn valuable lessons and gain priceless insights into personal finance and investing without having to put your actual money at risk. MegaGames - founded in 1998, is a comprehensive hardcore gaming resource covering PC, Xbox One, PS4, Wii U, Mobile Games, News, Trainers, Mods, Videos, Fixes, Patches. CASHFLOW was developed by renowned entrepreneur and motivational speaker Robert Kiyosaki, author of the bestselling personal finance book of all time, Rich Dad Poor Dad. This game is the ultimate realization of Robert Kiyosaki's vision for an interactive tool to teach investing and wealth building.
Cashflow 101 is a boardgame by best selling author Robert Kiyosaki. Through his game, Kiyosaki teaches people how to stop living paycheck-to-paycheck (the rat race) and enjoy success on the “fast track”. It’s a fact that most people lead lives characterized by recurring financial problems and huge debt.
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Such financial problems are capable of plunging people into serious problems like homelessness as seen in many instances where home owners are unable to meet their home loan obligations. Cashflow 101 attempts to teach Kiyosaki’s financial principles expressed in most of his books i.e. Rich Dad Poor Dad, Increase Your Financial IQ and The Cash Flow Quadrant. Let’s take a closer look at the Cashflow 101 board game to understand why it is so popular and effective in instilling financial knowledge.
The game is played by 2 to 6 players. The time required to play the game ranges from 30 minutes to 4 hours.
Objective of the Game
1. Getting out of the rat race
Cashflow 101’s main objective is to help you get out of the common cycle of financial problems faced by most people. Robert Kiyosaki calls this cycle the rat race. Most people have a hard time succeeding financially even after going to school because schools don’t teach financial literacy.
The game starts out with all the players in the rat race which is a small wheel. Players remain on this wheel until they have a passive income which exceeds their expenditure. Passive income refers to money which is gained indirectly i.e. from investment returns. Expenditure stands for the cost of living.
Players randomly draw profession cards. The professions included are; engineer, teacher, business manager, mechanic, lawyer, secretary, janitor, nurse, airline pilot, police officer, doctor and truck driver.
After each player has chosen their preferred profession, they transfer their information i.e., assets, liabilities, income and expenses to their income statements. Each player will then take turns playing landing on any of the following tiles; doodads, opportunity pay check, charity, baby, downsized or the market.
With each turn, players have a chance to make crucial decisions which impact on their income statement. Each decision triggers an update in every player’s financial statement. Audits are conducted by other players to ensure everything is updated correctly.
2. Achieving your dream
Cashflow 101’s other objective is achieving your dream. After a player manages to build up passive income that exceeds expenses, that player automatically exits the rat race and enters the fast track. With every turn, players have the opportunity to increase their passive income and eventually achieving their dream. The 1st player to attain a passive income of $50,000 or achieve their dream is declared the winner.
What Cashflow 101 Will Help You Understand
1. The game introduces people to personal finance: Let’s face it. Most people struggle all their lives because of lack of basic financial knowledge. Kiyosaki’s Cashflow 101 board game teaches some of the most important personal finance basics i.e. filling out a personal financial statement. Such knowledge goes a long way in helping you manage your money.
2. The game teaches the real difference between assets and liabilities: It’s also important to note that many people go through life with a vague understanding of the difference between an asset and a liability. Traditionally, the term asset refers to anything of value. Liabilities on the other hand are what a person owes others.
Through his Cashflow 101 board game, Kiyosaki adjusts the meaning of assets and liabilities giving a more accurate definition. According to Kiyosaki, an asset is anything that generates money for you. Liabilities are things that take money away from you. This teaching is very important when you want to achieve financial success in life.
3. The game teaches you that you can become successful regardless of your current financial position/job: The cashflow 101 board game can be won by any professional i.e. a doctor or a janitor. This is Kiyosaki’s way of teaching people that your current position doesn’t really dictate your financial future.
4. The game teaches you the power of wise decision making: Progress in the cashflow 101 game is dictated by the kind of decisions you make as a player. The game shows how costly bad mistakes can be in the future. The game also gives players an opportunity to try out different strategies. In the end, you learn how to make the best financial decisions which is a very important lesson.
Cashflow 101 is an excellent board game for people interested in learning the basics of personal finance. The lessons taught by in this game can be directly applied in real life for those looking to gain valuable financial knowledge. I highly recommend the Cashflow 101 to everyone, not just investors keen to learn financial literacy.
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There is also a more advanced version of the game i.e. Cashflow 202 that is more ideal for experienced investors who have mastered personal finance basics. All in all, the game is ideal for the average investor who wants to learn new tricks. It is also important to complement what you learn playing Cashflow 101 with other financial literacy books by Kiyosaki i.e. Rich Dad Poor Dad, The Cashflow Quadrant, Increase Your Financial IQ as well as a number of other books Kiyosaki has co-authored with other successful investors including Donald Trump.
If you going through financial difficulties, I highly recommend you get a financial education through Robert Kiyosaki’s products. If you are loosing your home, start by cutting your losses. If you can’t sell your house using a realtor, look for a company that buys houses in your area. We can connect you with cash buyers in your area if you click on request an offer above and fill out the form.
After you get rid of your problem, get educated. Start by reading Rich Dad Poor Dad, and you will know where to go from there. There are local groups in most cities who meet monthly to play Cashflow. It is a good idea to join one of this groups if no one you know is interested in playing this game.
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Robert Kiyosaki is an investor, businessman, motivational speaker, financial literacy activist and top selling self-help author.