This lesson is critical for financial literacy as it teaches players about the risks associated with investing and the importance of managing those risks effectively.Ĭashflow 101 also teaches players about the power of leverage. By making decisions on how to manage these risks, players learn about risk management strategies such as insurance, emergency funds, and diversification. Throughout the game, players may encounter various risks such as job loss, market downturns, and unexpected expenses. Risk management is another important lesson that can be learned from playing Cashflow 101. This lesson is important for financial literacy as it teaches players the importance of asset allocation and the benefits of having a diversified investment portfolio. By investing in different assets, players learn about the risks and benefits of each asset class, and think of ways to make a balanced portfolio. Throughout the game, players are given the opportunity to invest in various types of assets such as stocks, real estate, and businesses. This lesson is critical for financial literacy as it teaches players the importance of budgeting, tracking their expenses, and managing their cash flow effectively.Īnother key lesson from playing Cashflow 101 is the importance of asset allocation. Players are given a starting salary and must manage their cash flow throughout the game to pay their expenses ( such as mortgage, taxes and loan repayments), invest in assets, and ultimately reach the goal of financial freedom. One of the key lessons that can be learned from playing Cashflow 101 is the importance of cash flow management. Through playing the game, players can gain valuable financial insights, as well as develop critical thinking, problem-solving, and risk management skills. The game simulates real-life financial situations and challenges players to make decisions about their money and investments. It stimulates the highs and lows of financial life and teaches players how to manage their money wisely.Ĭashflow 101 is a board game created by Robert Kiyosaki, author of the book “Rich Dad Poor Dad”. As someone who has played and facilitated Cashflow 101 game sessions, I believed that the game provides valuable lessons in financial literacy.
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