Course Content
What is money?
What is Money ? How money works? Evolution of money? Why money is needed? Understanding barter system. Reading a currency note.
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Few golden rules from “Psychology of Money” by Morgan Housel
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Personal Finance Lessons for Kids
About Lesson

Rules of the game:

Certainly! Here are the general rules of Robert Kiyosaki’s Cashflow game:

1. Setting up the Game:
– Gather a group of players, typically 2 to 6 individuals (can be played solo as well)
– Each player chooses a character or avatar to represent them in the game.

2. Rat Race and Financial Freedom:
– The game begins with players in the “Rat Race” phase, where they work for money and face financial challenges.
– The ultimate goal is to achieve financial freedom by building passive income that exceeds monthly expenses.

3. Income and Expenses:
– Players start with a predetermined amount of cash, which represents their initial income and savings.
– On each turn, players receive income from their chosen profession, businesses, or investments.
– Players also encounter expenses, including everyday living expenses, taxes, and liabilities.

4. Financial Decisions:
– Players make financial decisions based on the opportunities presented during their turn.
– They can choose to invest in stocks, real estate, businesses, or other assets to generate passive income.
– Players can also acquire liabilities like mortgages or loans, but they should be cautious about managing debt.

5. Opportunity Cards:
– Throughout the game, players draw Opportunity Cards, which represent unexpected events or financial opportunities.
– These cards can have positive or negative effects on players’ cash flow, investments, or expenses.

6. Financial Statements:
– Players learn to analyze financial statements, including income statements and balance sheets.
– These statements provide information about cash flow, assets, liabilities, and net worth.
– Analyzing financial statements helps players make informed decisions and track their progress.

7. Cashing in the Rat Race:
– Players aim to build passive income streams that exceed their monthly expenses.
– Once a player’s passive income surpasses their expenses, they can choose to “cash in” and exit the Rat Race.
– At this point, players move to the Fast Track, where they have more investment opportunities and face new challenges.

8. Winning the Game:
– The player who achieves financial freedom and builds significant wealth first is considered the winner.
– Wealth is determined by factors such as net worth, passive income, and the number of investment opportunities owned.

To play click here

You can either create your own account or use the following login details to play.

Username: services@glearnr.com | Password: cHE{urKr

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