Cashflow 101 E-game
Cashflow 101 E-game is the pc game version of the popular financial education board game, Cashflow 101. To those of you who are unfamiliar with who Robert Kiyosaki is, he is the author of the best-selling book: Rich Dad, Poor Dad. The objective of Cashflow 101 E-game is to get out of the rat race and into the fast track to achieve your dream, that is, to achieve financial freedom. As a person who has never played the real Cashflow board game before, I find the digital/software version pretty interesting and quite addictive. At first impression, the e-game was amazing in graphics but needs more improvements in the background music and game options.
Visit the Rich Dad store to see customer reviews of Cashflow 101 E-game or get info on the real cashflow board game.
Throughout your journey to achieve your dream, there will be two characters accompanying you. They are Red E. Rat (RR) and Timid T. Turtle (TT), RR serves as your mentor (Voice by Robert Kiyosaki himself) and TT is pretty much a newbie in financial literacy. Sometimes during the game, TT will ask RR questions about bank loans, brokers, etc and RR will answer them from a Rich Dad point of view. Both TT and RR will react to the choices you make (for e.g. if you made a good buy, RR or TT will give a thumbs up!). Furthermore, you’ll be required to fill in your financial statements (balance sheet and income statement) with the right items, so as to get you familiar with balancing your cashflow accounts and differentiating assets from liabilities. In this computer version, it’s an easy click-and-drag of the items to financial statements. I heard from cashflow board
game players that playing the board game is more "tedious" but it provides a better learning experience because you do your own calculations and fill in your cashflow statement with a good ol’ pencil.
At the main menu, you will be given an option whether you want to play in single player, multiplayer or hot-seat multi-player mode. Hot-seat multiplayer means you can play with more than 1 player on your own computer. As for the multiplayer mode, a subscription is necessary to play over the internet.
The game also allows you to have access to all of Robert’s videos, it can also be watched during the game when you need help. I find this a bonus as the videos are conducted by Robert Kiyosaki himself.
Before the game starts, you will be given a random profession. You can be a lawyer, k-12 teacher, etc. Each profession has different salary, expenses and debts when you start the game, giving different playing experiences. A lawyer has a higher salary, but more expensive education loans to pay off, more expensive car & house loans, etc.
The Rat Race
At the rat race, there will be these squares:
When a player lands on this square, the player will be given a choice of “Big Deal” and “Small Deal”. The small deals are less than $5,000 – Certificate of Deposits, stocks, small residential houses, etc. The big deals exceeds $5000 and includes deals for apartments, plexes, businesses, etc.
When a player steps on or crosses this square, the player will receive a pay check/ net monthly income
The player will have to pay an amount equal to the total expenses and lose 3 turns.