Investing is one of those skills that can be useful every day. Do you want to learn a game that will help you learn the concepts of finance in a pleasant way ? In this post, we present descriptions of Cashflow 101 and 202 games, as well as their online alternative.
What is Cashflow 101?
Cashflow is an educational board game . It was created by Robert Kiyosaki, co-author of the book Rich Dad Poor Dad.
The overriding goal of the game is to expand the players’ financial knowledge. Cashflow guarantees financial education through fun . Thanks to it, you will learn the basics that you will be able to use in real life.
How is the gameplay? At the beginning you draw your profession. You are a full-time employee who, like everyone else, is taking part in the rat race. You then move to the free track. Your goal is to get out of it as quickly as possible. Both investing in the stock market and well-thought-out management of your assets can help you with this.
The point is that you need to build an asset portfolio that will enable you to get on the fast track. Then the game looks a bit different, you have more options than on a slow lane. It’s safe to say that this is where the real fun begins.
Other ways to get out of the rat race are, for example, the possibility of investing in stocks or precious metals. If you want to try other methods, buying real estate is an interesting option.
To a large extent, you decide your own fate, but much will depend on what plan of action you develop. The profession you draw will also affect the further game .
The game will allow you to test strategies that you might not dare to do in reality – if only for fear of losing your savings. The game is a simulation of reality, so you can try the acquired skills in real life.
What does Cashflow offer?
The Cashflow game can teach you how to manage your money properly. During the game you will learn, among others:
- how to build cash flow
- how to acquire assets,
- how to approach investing in the stock market,
- how to accumulate wealth
- what strategies work.
I will also mention that in the game you compete with other players. You will probably think that there are many such games. That’s true, but in this case it’s interesting because this competition is not just between individual players.
Your competition is also all kinds of unforeseen situations that very often happen in the real world . Besides, you are competing with the real estate market. A lot of difficulty for some players can also cause stock quotes, which can be surprising.
It can therefore be said that the game develops many skills, including, for example, financial intelligence. Everyone needs it, so it’s worth taking an interest in this topic, especially since here you can work on it while having fun.
What is Cashflow 202?
Cashflow 202 is an addition to the basic version of the game, i.e. Cashflow 101. It is aimed especially at advanced players who are doing very well in the standard version. It allows you to develop your existing money management skills.
You will find here not only new elements appearing on the financial market , but also more investment instruments. There are also new concepts that were not there in the previous version, e.g. buy and sell options. Thanks to the game Cashflow 202, we learn what long and short sales are.
In this version of the game you will be exposed to many advanced behaviors in the stock market , real estate and other instruments in which you can invest. However, you must be aware that the road to bankruptcy is also not complicated, and maybe even simpler.
In Cashflow 202 you will learn, among others:
- how to deal with advanced methods of investing,
- how to create passive income, i.e. not requiring constant involvement of your work,
- how to invest effectively even when there are market fluctuations.
Cashflow vs. CashPlay – what do these games have in common?
CashPlay is an economic and strategic game about finance. Like Cashflow, it teaches money management. It also shows you how to invest effectively. You can create your own businesses there and earn money from them.
Every player has a chance to succeed or go bankrupt. This is another common feature of Cashflow and CashPlay. Both of the games discussed underline the importance of financial intelligence today – especially in times of rampant inflation. During the games , you create your own strategy, which you then test to later try it out in real life.
Some people know how to manage their money and some people don’t. If you fall into the latter group, then Cashflow will help you acquire this skill. With its help, you can also test various wealth building strategies. All this will make it easier for you to work on cash flow in real life.
If you want to gain practical knowledge about finance or investing, then also try its alternative. I mean online CashPlay! Click here to register for the game.