![]() The book explains that the wealthy teach their children about money to ensure their financial success in life while the poor and middle class rely mostly on the school system which does not teach anything about money, even at the college level in business schools. The author argues that the reason why so many poor and middle class people don't become rich is because they simply don't understand money and have values or beliefs that prevent them from getting there, such as "all rich people are greedy". Rich Dad Poor Dad was written by Robert Kiyosaki and advocates financial independence primarily through financial literacy and understanding money the way a rich person does. ![]() Rich Dad is a brand established by Robert Kiyosaki for a series of educational books and games about personal finance. JSTOR ( October 2014) ( Learn how and when to remove this template message).Unsourced material may be challenged and removed. Please help improve this article by adding citations to reliable sources. It was a great experience and I am looking forward to more game events organised by Dina.This article needs additional citations for verification. We were helping each other, advising on options, investing together and thinking out loud. The wealthier my "opponents" the more deals we can do together as partners. A lot of people compete against each other and are happy that others lose. I was told that it is not always the case. The atmosphere during the game was very friendly and supportive. Yes, their payoff was great, but the chances of them being a success were not high enough for me. I would not participate in a very risky businesses. When looking at new investment opportunities I would calculate ROI (return on investment) and compare it with my previous investments and my other options, such as paying off some debt. I calculated interest rates on all my debt (loans, mortgage, credit cards, etc.). However I have always thought that I would take much more risk in a game (as I am not playing with real money). My passive income was much higher than of other players, and so were my expenses.Īs you play you are learning more about yourself, your financial style and financial styles of other players. Unfortunately, I could not get out the Rat Race during our 3-hour playing window. It has two zones: first you are in the Rat Race, and if you have managed to cover your expenses with passive income - bingo - you are in the Fast Track. The CASHFLOW game helps to understand how to build private wealth. I will share my key takeaways from this book later. Dina observed our behaviour during the game and shared a lot of insights at the end.Īs a proper student, first, I have read a book "Rich Dad Poor Dad" to understand the environment around the game. Dina is a great coach who helps people to transform their lives, and I am very grateful that I have met her in my life. It all started when I decided to join the CASHFLOW game event organised by Dina Goncharova. This game is the ultimate realization of Robert Kiyosaki's vision for an interactive tool to teach investing and wealth building." ![]() ![]() "CASHFLOW was developed by renowned entrepreneur and motivational speaker Robert Kiyosaki, author of the bestselling personal finance book of all time, Rich Dad Poor Dad. Practice helps, however how to practise investing?! Learning is fun for me, however reading or listening to various materials is not enough. ![]()
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