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The educational program, CASHFLOW® 101, includes three audiocassettes which reveal distinctions on CASHFLOW® 101 as well as valuable investment information and a video titled "The Secrets of the Rich".
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Learn how to get out of the rat race and onto the fast track where your money works for you instead of you working hard for your money. "CASHFLOW® 101 is an educational program that teaches accounting, finance, and investing at the same time and makes learning fun. I suppose without playing the game myself it's hard to see exactly what you mean, but can you give any examples? Because I thought the game was supposed to teach you accounting, finance and investing. Interesting that most people who've played the game (and who've read his books) seem to say the same thing, i.e. "if it helps to develop a new way of thinking then it is worth the money" "all he does is rehash the original with a little bit of new spin"Īgree with you there, LiamG - I think reading one of his books is probably enough. What advice specifically give that is dodgy? I'm more interested in the content of his advice rather than researching his own financial records. I can see why an MBA would be philisophically opposed to this type of thinking.īTW RK admits he does have mutual funds and a 401k (retirement) plan as a plan to be safe and secure in retirement, not to be rich. However I believe the main point is a change in context, or a different way of thinking, so you can harness these ideas. I also agree that the things he teaches could easily be summed up on 1 page, nevermind a few books. No-one ever showed me how to do that before. Robert Kiyosaki (Rich Dad Poor Dad) offers personal finance education to help you learn about cash flow, real estate, investing, and business building. Without my businesses, I could not afford to invest in the investments of the rich. The only reason you build a business is so that your business can buy your assets. The only reason I built businesses was so I could invest in the investments of the rich. Getting an ordinary person in the habit of recording their income and expenses and assets / liabilities regularly is a priceless lesson I believe. Cashflow Quadrant by Robert Kiyosaki (Rich Dad Poor Dad). However we've learned alot from playing this game. Games provide a social interaction for learning and helping someone else learn.
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As Mother Teresa said, 'A preaching point is not a meeting point.' Our games are meeting points. It is definitely excessive if you buy it and end up not making/saving money out of it. At Rich Dad, we made a conscious choice to incorporate games into our education methods because they require more action than a lecture. By selling a monopoly style board game, a few tapes and a video, RK could probably sell this for $50 and still make a profit.