What age is CASHFLOW for Kids for?

6 and older
CASHFLOW for Kids is a complete educational package which includes the book and audiocassette titled “Rich Dad’s Guide to Raising Your Child’s Financial I.Q.” CASHFLOW for Kids is recommended for children ages 6 and older.

Can kids play cashflow?

CASHFLOW for Kids is an educational board game that simulates real life financial strategies and situations in a context that engages and educates your child. You child’s school teaches them how to work for money, but CASHFLOW for Kids teaches them how to have money work for them.

What does the cashflow game teach?

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.

What is cash flow example?

Cash flow from operations is comprised of expenditures made as part of the ordinary course of operations. Examples of these cash outflows are payroll, the cost of goods sold, rent, and utilities. Cash outflows can vary substantially when business operations are highly seasonal.

Is cashflow a good game?

This is a great game that can teach lots of great financial concepts while having fun. The rat race was designed rather well and helps illustrate how many of us often spend small or large amounts on things that provide us with immediate gratification for a short period of time, but they only do just that.

Is the Cashflow board game worth it?

What should be included in a cash flow forecast?

There are three key elements to include in a cash flow forecast: your estimated likely sales, projected payment timings, and your projected costs.

What is cash flow statement in simple words?

A cash flow statement is a financial statement that provides aggregate data regarding all cash inflows a company receives from its ongoing operations and external investment sources. It also includes all cash outflows that pay for business activities and investments during a given period.

How long does a game of cashflow take?

A game of Cashflow takes between 1-3 hours to play and can be played over and over.

How many players can play cashflow?

A: CASHFLOW® was designed to be played by more than one player. Better interaction occurs when 3 to 6 people are playing. By inviting your friends to join you in playing CASHFLOW®, your learning experience will be heightened by the interaction of your group.

What is cashflow for kids?

CASHFLOW for Kids helps develop a strong foundation of financial intelligence and encourages kids to use their money wisely. Take what you’ve learned from CASHFLOW for Kids online. Play short, financial mini-games at www.richkidsmartkid.com.

How do you play cashflow?

Players are required to roll the dice and move but they also have to fill in financial statements. Set up of Cashflow is fairly straightforward. It consists of a board, dice, board movers and cards along with financial sheets. The board consists of two tracks known as the rat race and the fast race.

Why do some people dislike the cashflow game?

Many people find it ironic that the cashflow game was created by a get-rich-quick businessman who is now bankrupt and dislike the controversy around the creator and his skill at getting people to spend more and more money with him.

How can I teach my kids to invest?

Using fun, real-world examples, kids get to practice investing—acquiring assets and dealing with the perils of liabilities. Parents and kids can talk about their plans for escaping the rat race. “After we played CASHFLOW for Kids for the first time, my kids wanted to know if the red tokens (liabilities) were for real and if we had any in our life.