Financial Planning is how long you able to survive with the money you have after proper planning. How long you able to survive when unfortunately you get fired or you are on the long vacation? In life, there are also many unexpected things happened? Have you guys play a board games named cash flow that designed by Robert Kiyosaki. When you play the games, it really reflects the real-life situation in handling money( earn and spend money).
- There are opportunities (small deal and big deal) in buying assets such as apartment, house or stock.
- Doodad_expenses and celebration
- Paycheck-monthly cash flow
- The market-platform in selling assets
- Baby-worth to celebrate but add in expenses
- Downsized-get fired or in a long vacation( of course a long vacation will be better)*
It is really more interesting that monopoly board games. Monopoly only suitable for primary school students and Cash Flow board games is the advanced version of Monopoly for Secondary school students to face the real-life situation. Monopoly games are like treats your parents like a banker, easy earn money to buy assets that you want.
Cash Flow games require to fill in your Income Statement.There is a proof of your income, loan, expenses, and income. The goals of this games are to get out of the Rat Race and onto the Fast Track by building up your Passive income to be greater than your Total Expenses. You will reach financial freedom when your passive income more than your expenses.Congratulations, you are out of the rat races(Your 9 to 5 jobs). If you think that is the end of the games then you are wrong.Image Source
Now your new goals is
- Buy your “Dream” by landing on the Fast Track space you selected at the start of the games and purchasing it.
- Increase yourr Monthly Cash Flow by buying business.*
You win if:
- You are the 1st person to buy your Dream OR
- *You are the 1st person to accumulate $50,000 in monthly Cash Flow *
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You will receive 100 multiple of your Passive Income if you win in the end of the game because you have proven your financial planning intelligence. Your Rat Race investments have prospered. You have reinvested your returns for outstanding investment success. You’ve successfully increased your Passive Income 100times! Congratulation!!!!
This board games really give an introduction to the newbie in the society to handle their money wisely. This board game trains your brain to spot opportunities. This board games really emphasis the famous quote in my last post. “The key to long-term wealth is not how much money you make, but how many real assets you have to accumulate” You will really need to apply this principle to win the games.![Building up your Passive Income to be greater than your total Expenses.jpg]![Building up your Passive Income to be greater than your total Expenses.jpg]
[Image Source](file:///C:/Users/user/Downloads/The%20key%20to%20long-term%20wealth%20is%20not%20how%20much%20money%20you%20make,%20bit%20how%20many%20real%20assets%20you've%20accumulate.jpg)