Rich Dad’s Michael Maloney, author of "Rich Dad’s Guide to Investing in Gold & Silver," talks with Bloomberg’s Haslinda Amin about his upcoming forecast for silver and gold prices .
Mike Maloney says $100 for Silver is a reasonable price, and would still be a bargin.
www.richdadsilver.com – Learn how to protect yourself from the upcoming inflation that will crash the entire world economy.
Baby boomers will retire between 2012 to 2016 and they will want their retirement money.
This will cause a domino effect around the world, causing world banks to crash one after the another, and the entire currency market will become a big fat zero.
www.richdadsilver.com – You should increase your financial IQ and learn how to overcome the biggest crash in the history of the stock market.
Product Description The board game CASHFLOW® 101
Three CDs which reveal the lessons of CASHFLOW® 101
In the sequel to Rich Dad Poor Dad, learn how the role you play in the business world affects your ability to become financially free.
This program will teach you the 3 step plan to wealth that Robert’s Rich Dad taught him. The program contains a Home Study Course Binder, 12 CDs with specialized lessons from Robert’s personal team of experts, 1 video that will show you how to stop l… More >>
How to obtain Cash Flow. Come see the description of the popular board game cash flow 101. Made by Robert T. Rich Dad Poor Dad. Kiyosaki. Himmerasan from Ebay auctions.
If there is a great learning game or tool that I would introduce to people to learn about financial education, it would definitely be Cashflow 101. Rich Dad’s Cashflow 101 is a financial education board game that teaches you financial literacy. I really had so much fun learning playing the game with others that I felt that it has been one of my best investments in purchasing the board game.
The game teaches you similar lessons in ones personal financial real life experience such as accumulating wealth such as investing in real estate, business, stocks, gold, mutual funds, handling debts and managing your expenses. The wonderful objective of the game is to simply accumulate passive income(income generated from your investments in areas such as real estate and business)such that it will be more than your total expenses. Once you have reach this stage in the game, it will enable you to get out of the rat race in the game and you can be considered as financially free in the game.
When I first played the game, it took me more that two hours if I remembered vividly to understand the game. As I understand more about the game, it creates great excitement when I played the game. I realized that my financial education knowledge increases as I played the game more. I began understand the significance terms in our personal finances such as assets, liabilities, doing small and big deals, ROI and so much more great education in the game. In developing a home business, the game enabled individuals like me to understand the importance of starting small but dream big to reach your goals.
The factor that I like most about Cashflow 101is I am able to play and learn together about financial education through this game. Just like any game, you will strategize differently to get out of the rat race as soon as possible to financially free in the game. Similarly, in running a home business, the game enables one to think and strategize the plan to develop the business further.
Aside from handling my personal financing in the game, I learn another fantastic learning lesson from the game. It is the art of handling and coping with your emotional intelligence in the game. When you play with 5 or more players, you are able to learn from each other emotions in the game. It seemed surreal to me at time. I learn that in business and personal finance, one has to handle his emotions well when dealing with investments.
In the game, I realized that the responsibility in the decision making in my investments lies in me. I am responsible for where I will be in the game. It made me realized that handling emotions well is certainly important in running not only a home business but other factors in life too. The beautiful part of such great financial board game, it enabled one to make mistakes in the game and learn to be more effective in dealing with real life situations thereafter.
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When I first heard about Cashflow 101, I was very excited and wanted really to play the board game. To play the game, I faced two issues. Firstly, I needed to have a copy of the board game. Secondly, I needed to find a group of people who were willing to play the game together. Luckily for me, one of my friends had the board game. Also, I managed to find a few friends who had read the book Rich Dad Poor Dad. They were also very keen in playing the game. Thus, both issues were easily solved.
I managed to play for a few times. And I had really learned a lot from just playing the game. Of course I did not have an immediate enlightenment on the concepts that the game is trying to teach! Neither do I claim that I have understood all the concepts. But before I go about describing what I have learned, it is important that you have a general idea of the game. This may help you to understand what I have learned so far from playing the game.
Cashflow 101 is a board game designed by Robert Kiyosaki, the author of Rich Dad, Poor Dad. It aims to teach the players the concepts of investing and building passive income. To start the game, each player has a score sheet to track his passive income and expenses. It is similar to keeping track of financial statements in real life. There are 2 tracks in the game. The first track is where everyone starts playing. It is known as the rat race track. In the rat race track, the player may be required to spend for vacation. He may also have another child that causes his expenditure to go up. He may lose his job thus no income for a few months. He will face financial worry or difficulties like in real life situations.
Also, the player will encounter opportunity to invest in shares, real estates, businesses and so on. Basically, the player will encounter very real life liked situations that required decisions on investments. He may also encounter a situation where he does not have the cash to invest in a golden opportunity.
In order to get out of the rat race to the second track that is known as the fast track, the player has to learn to invest until his passive income surpasses his expenses. Once he has attained that, he will try to buy his dream or accumulate an additional $50,000 monthly cash flow to win the game.
In summary, the game gives the players the chance to experience real life situations even before they have happened. It is like giving them a glimpse of the future of what may happen if they stay in the rat race. It also provides the players a glimpse of an alternative bright future if they get out of the rat race. This is provided that they learned about cash flow, expenses, investment and building passive income.
That is just an introduction based on my personal experience of playing the game. I really loved playing the game. I hope that you can visual the board game to a certain extent. Now, let me shared with you what I had learned so far from playing the board game.
Firstly, if I were in the rat race track, I would be just waiting for paycheck after paycheck. My monthly salary would not increase much annually. And it would be like that for the rest of the years to come. In the board game, the rat race track is very short circular track. If each complete cycle were to represent a year, then time really flies fast on the board game. This gave me a glimpse of what my future would be liked in the next 10 years if I remained in the rat race track.
Secondly, if I did not invest in things that generate me passive income, I would take a very long time to clear my mortgage and debts by just saving. Saving is very important! But saving alone will not get me out of the rat race. If I want to get out of rat race in real life, then I have to learn to invest and build passive income.
Thirdly, I realized that if I was too greedy in the game and over invested beyond my financial means, I could easily go broke due to unexpected expenses or lost of job. Thus, it is important to manage my cash flow carefully in real life.
Lastly, I realized that it is important to save so that I could invest when a golden opportunity came knocking on my door. In the board game, I had a golden chance to invest on something that really gave good returns. But I did not have enough saving, thus I had gave it a miss.
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www.mlmindustrytruths.com cashflow 101 and cashflow 202 are great tools to learn financial education, I earn a passive income from an automated home based business.
Introduction to the CASHFLOW 101game by Rich Dad Poor Dad’s Robert Kiyosaki.
Robert Kiyosaki’s Cashflow 101 game is an excellent way to learn how to rich think and act.
The educational purposes of this game is the learn to make as many mistakes as possible, because that’s really the only way to actually learn something.
Just want to talk to you about the cashflow 101 board game by Robert Kiyosaki. We play Cashflow with our friends on a regular basis. I love the game, financial education is the best way to help you learn about money, and what better way …
