Friday, October 30, 2009

"The CASHFLOW Game and The OFW Family" article by www.AwesomeAbundance.net

You've got to know how to play the Cashflow Game for you will manage the money that your husband will give to you.”


This is the advice of Ms. Doreen Tan, wife of Rich Dad Asia Mr. Bellum Tan, as they joined Robert Kiyosaki on his Asian Tour in Kuala Lumpur.

For us OFW families, this advice is very appropriate, don't you think?

In fact, for partners of OFWs, regardless if you are the husband or wife based in the Philippines to look after the children, it is a MUST that you learn to play the Cashflow Game.


This purple board game is a fun tool to practice our money management skills. The object of the game is to have a passive income higher than your monthly expenses. Once you achieve this, you "experience" the feeling of being out of the rat race

Allow me to share some of my experiences with the Cashflow Board:

It's a game so it's fun – Actually, Robert designed it with a purpose: to make learning fun! Since it's a game, it  allows me to practice making financial decisions, taking risks and experiencing the consequences.
It is through Cashflow that I learned from my  mistakes without hurting  my pocket. When you have to pay for that doodad sailboat or go through expensive divorce, don't you feel grateful that it's just a game?

It led to a shift in mindset –  The game “painlessly” introduced concepts such as passive income, doodads, assets and liabilities. These terms are given a more relevant meaning which is more advantageous to me as the investor.

It is a tool to learn more about yourself – Playing the board game made me aware of my tendencies and reactions. Kuya Mig and I  discovered that we are  savers by nature.
Personally,  I have low tolerance for risks. However, with the game, I learned to evaluate and take calculated risks. It also opened my mind to existing opportunities that I've been ignoring for such a long time.

It's a great bonding activity for the family. - The objective of the game is to make your total passive income greater than your monthly expenses. Once you achieve this, you are declared out of the rat race.


click here to read the rest of this article
 

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