Add The Cashflow Game To Your Family Game Night
My rich dad used to say, “Games are a reflection of real life. The more you play, the richer you become.” What a great concept—life represented by a game board. I loved it! I had always loved playing Monopoly®. The game Monopoly is all about real estate on the surface, but it uses all of the principles about money, such as assets and passive income.
Even as a young boy playing games like Monopoly, I was interested in real estate. I would buy houses or a hotel every chance I had during the game. That meant that every time another player landed on a square where I owned property, they would pay me rent. My assets were earning income, which translated into money with which I could buy more assets. I had learned that from rich dad, but now I was seeing it in action. The sky was the limit in terms of the money I could bring in.
I began to get the idea of how this would translate to real life—and real cash flow. If I owned a building or apartment house and people rented apartments in that building, money would come in on a monthly basis. Because I loved Monopoly so much as a kid, Kim and I developed our own CASHFLOW® board games and online games that teach some of the things that rich dad taught me.
One of the most frequent comments I receive from parents who play the CASHFLOW® board game with their kids is, “The kids always beat me. They learn so much quicker than adults.” There are many reasons why this may happen. One reason is that the children have not yet been conditioned by fear. They are young, and they know that if they fall, they will bounce back up. It seems that, for many of us, the older we get, the more we seem to fear falling down.
When adults play my CASHFLOW board game, they usually struggle mentally.
Because they are being introduced to financial literacy, which means understanding the numbers and words of money. The game takes several hours to play, not because it is long, but because the players are learning a completely new subject. It is almost like learning a foreign language.
But the good news is that this new literacy can be learned quickly, and then the game picks up speed. The more frequently people play the game, the smarter and faster they get—and they have fun in the process.
Something else also happens. Because they are becoming financially literate, many begin to realize that they are in financial trouble, even though the rest of society thinks they are well-off.
Many people, once they successfully learn and understand the CASHFLOW game, begin to seek new answers. Playing the game becomes a financial wake-up call about their personal financial health, just as a mild heart attack is an alert about a person’s physical health.
After playing CASHFLOW several times, some people begin to change their thinking patterns to that of the rich.
So please incorporate the CASHFLOW board game into your family game night. The greatest risk of all is to not take risks and learn from your mistakes when you’re young. The older you get, the bigger the mistakes.
Gamification In Education
Kim and I made a conscious choice to incorporate games into our education methods because they require more action than a lecture. In fact, working with students around the world, we discovered there is a full spectrum of ways people learn. To help us explain the different ways that people learn, we developed the Higher Level of Teacher diagram.
Traditionally, schools use reading and listening to reinforce the learning process. But as the Higher Level of Teacher illustrates, people only retain about 10-20% of what they read during study time or listened to during class two weeks previously.
But if reading and listening to teachers doesn’t work, what does?
Doing the real thing.
In 1996, Kim and I sent our board game to a group of instructors at a prominent university for their feedback. Their response?
“We do not play games in school and we are not interested in teaching young people about money. They have more important subjects to learn.”
Frankly, we were astonished by their mindset.
First, how is learning about money not important? Second, despite the rising pile of evidence that proves humans learn best by doing—such as playing games—they still want students to learn by listening and reading? Gamification in education is a proven approach, so we couldn’t believe how quickly they dismissed our idea.
Of course, we didn’t take no for an answer just because one university rejected our board game. We kept circulating it and are proud to say that many schools have seen for themselves how effective CASHFLOW the board game is in their classrooms.
We knew we had finally come full circle when Arizona State University’s Thunderbird School of Global Management utilized Rich Dad Poor Dad, CASHFLOW Quadrant, and the CASHFLOW games in its curriculum. This prestigious university is internationally recognized for its programs, so it’s an important validation of our work!
We also know that there’s a larger market for our products. CASHFLOW has become a popular household tool for parents to help educate their children since schools are obviously failing. Even community organizations, such as churches and youth programs, are using it to teach financial education to their members.
Gamification = Education + Fun
Educational games create more understanding. Instead of seeing fear and doubt, the players begin to see opportunities they never saw before because their understanding increases each time they play the game. Plus, it’s a low-risk environment in which you can practice financial and investing tactics that you’d be otherwise scared to do in real life. Each game teaches new skills, opens up your mind to a world of opportunity, and drills home the lessons of cash flow. With repetition, those lessons will become ingrained in your psyche and how you approach your financial future. Watch in amazement as everyone’s confidence soars the more you host family game night—and eventually, it will translate into actual investing activities.
And this isn’t just hypothetical information—we have heard countless stories of people who have played CASHFLOW (and our other games) and have had their lives suddenly changed. They have gained a new understanding about money and investing, an understanding that pushed out some old thoughts and gave them new possibilities for their lives.
Editor, Rich Dad Poor Dad Daily