Sunday, October 08, 2006

Cashflow - Rich Dad/ Poor Dad Board Game

I played Cashflow for the first time yesterday with a group of friends here in South Pasadena. Cashflow was created by Robert Kiyosaki, Author of Rich Dad, Poor Dad, a book about investing and wealth. I had read the book a few months ago and was a bit underwhelmed. His advice is sound but when he mentions that he got rich in pyramid schemes and 'no money down' real estate scams it minimized the impact of his approach. I won't use this post to lambaste him or his books, there are enough places you can find Kiyosaki critiques on the web.
I do want to talk about the game though.
The game is designed to educate and instill Kiyosaki's investment and wealth principles. Was it fun? Yes, for the first hour or so but be prepared for a 3-5 hour game if you want to play it until completion. The fact that a few of us were first time players probably slowed the pace a bit but the experienced players said this was typical. Did I learn anything? Sure, the key to financial success is to borrow recklessly and hope you get lucky and rich. This is the strategy to win the game and presumably Kiyosaki's strategy to generate wealth.
I'd say enjoy Cashflow as sort of a complicated Monopoly, don't expect to learn anything but be sure to bring a calculator.

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