#Cashflow 101 202 &_for_kids how to#
#Cashflow 101 202 &_for_kids update#

So if the player who is the doctor built up enough cash, e.g., by selling stocks or a property, and could pay $100,000 Student Loan liability, what would happen? First, she would zero out the liability on her BALANCE SHEET. Example 1 вЂ“ Connecting Financial Statements by Paying Down Debt That doesnвЂ™t do justice to the other types of learnings that happen during play. Eventually, their passive income increases beyond their expenses and voila! theyвЂ™re out of rat race.

#Cashflow 101 202 &_for_kids update#

As they make deals, they update their personal financial statements. Investments are the way players progress. Lesson 3 вЂ“ Connecting the Dots Through Play If you donвЂ™t have cash in the bank to pay your mortgage at the end of the month, youвЂ™re in trouble. The personal finance version of this is simpler than running a company but the principles are the same. While their first month looks like a success with $500k in net income, they are actually cash flow negative! They owe their supplier payment before they are going to receive money to pay it. Unfortunately, Kool Kids customers also take 30 days to pay. It takes just one month to sell all of their inventory for $1,000,000! Seems like itвЂ™s time to celebrate вЂ¦ $1,000,000 in revenue - $500,000 cost of goods sold = $500,000 in net income.

#Cashflow 101 202 &_for_kids how to#

team are social media ninjas and they know how to market. Their supplier sends them an invoice and gives them 30 days to pay it. They get a great deal to buy $500,000 worth of cool products. live with their parents so they have $0 overhead to run their business. LetвЂ™s use payment terms as an example of why this is important: Kook Kids Co. Everyone continues playing until they win. Players win when they have enough cash to buy their dream when they land on it. Players use an extra die so they literally move faster but itвЂ™s the amount of money in each transaction which is really different. The Fast Track is the outside track on the board. Once a player has greater PASSIVE INCOME than monthly expenses, he/she is officially out of the Rat Race and moves to Phase II, the Fast Track. Players can also bargain and trade with one another. Players have to assess them individually and make a decision. Instead they have to decide on small deals which will incrementally increase their monthly income until they can go for the big ones. Initially, no one has enough resources to purchase big deals. Players transcribe this information to a personal tracking sheet.ДЄs players take turns going around the Rat Race, they land on opportunity spaces, вЂњsmall dealsвЂќ and вЂќ big dealsвЂќ. This determines their monthly income and expenses. Each player chooses a profession such as lawyer, teacher, business manager, truck driver, etc. Each player selects a dream by placing their colored cheese piece on one of the options around the board, e.g., see the 7 wonders of the world, open a research center for cancer and aids, run for mayor, etc. The more your children play, the higher their financial IQ will become.The overall goal is to achieve your dream. A family's attitude about money is a powerful influence on a child from a very early age. NOTE: You must have CASHFLOWВ® THE E-GAME (101) to play CASHFLOWВ® 202 THE E-GAME.Д¬ASHFLOW for Kids at Home (Computer Software) $29.95Дiscover CASHFLOW for Kids, a fun game created to teach your child the subjects of money and investing.

You will then be spending time with people just like youвЂ¦ people whose destiny it is to be Masters of their own Financial Universe.Д¬ASHFLOW THE E-GAME (Computer Software) $99.00 With CASHFLOWВ® 202 THE E-GAME you can challenge other 202 gamers worldwide via the internet with the online multi-player feature. YouвЂ™ll learn the tools of a technical investor short selling, call & put options, real estate options - key tools of winning investors. In this interactive hands-on game you will discover what few people ever learn вЂ“ how to profit in up and down markets. Losers are always hoping the markets will keep going up - winners donвЂ™t care!' Rich Dad said: 'In the real world of investing there are WINNERS and LOSERS. Learn about money and finance in a fun, interactive environment to make more informed choices about money in your everyday life. Whatever it may be, CASHFLOW THE E-GAME teaches you how to get out of the Rat Race and on to the Fast Track.