I ran across a review of the game Cashflow 101 by Robert Kiyosaki (of Rich Dad/Poor Dad fame). Basically, many investors are using this game to learn about various types of investments and investing strategies. The investments are real estate and stocks. There are also oopportunities to buy toys like boats and expensive sunglasses, etc.
The goal of the game is to escape the rat race and have passive income surpass expenses. At that point, the second phase of the game begins, where players work towards their goals.
the game teaches a few things. Overall, it teaches the proper mindset to build long term wealth. But, of even more interest to investors, it teaches investment analysis. And, because the lessons are incorporated directly into the game, they are reportedly more easily learned.
The big question is this: If you had the opportunity to play the game, without having the spend a couple hundred dollars to buy it, would you want to? The game takes several hours to play (game site says 1-3 hours, some players have said a bit more). In order to really learn the lessons, one should expect to play the game several times.
There is also a follow-up game called Cashflow 202. It adds volatility as well as options strategies into the game.
If I knew that there would be enough interest, I might be willing to get a couple of copies of the game and secure a location to play it. I think it would be a great way to introduce prospective investors to real estate investing, while giving them an opportunity to play without risking real money.
What do you think?
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