My roomie has been talking about CashFlow for awhile, not the game so much as a weekly get together of it she was introduced to. She kept saying it was about business practices, I likened it to an advanced Monopoly, and finally went to a session last night.
It's not like Monopoly at all.
And...apparently CashFlow is a super famous game in the business world. As is the book (which is actually titled Rich Dad, Poor Dad and I'm sure a lot of you have heard of that). Silly me for not knowing this prior to showing up.
It was an interesting game for sure - you play with a balance sheet that gave me flashback to my accounting class. And as one player mentioned before we got started, it really is a simulation for life and the money flow of it. You start in the Rat Race, giving time for a monthly paycheck and waiting for opportunities to come your way. Opportunities like stock at a good price, foreclosed houses, limited partnership in a business. Slowly, slowly, you build up passive income to the point where it can pay for your expenses, and then you're in the fast lane! At which point, if you land on a gold mine most people think 'eh, why not?' and buy it.
We played in teams and that was interesting in and of itself. She was a bit...more risky then me. I was not ready to take out as many loans as we did, but things worked out. We didn't get to the fast lane by the end of the game (this group plays with a strict time limit - 3 hrs) but we were super close.
It was an interesting group of people. I wasn't the youngest, our host's daughter was there, and half of the people playing have a lot of investing under their belts already. Business owners, millionaires, life coaches, new investors, old investors.
This is a weekly thing the group has been playing for a year, a three hour game followed by a debrief of however long it takes, and there's a lot of talk about how this game has changed their thinking about real world investments and how well the real world is reflected in it. All very interesting, and it's cool to see elements of what I'm learning reflected in both the game and the stories they tell.
I'm looking forward to the next time I can play.
It's not like Monopoly at all.
And...apparently CashFlow is a super famous game in the business world. As is the book (which is actually titled Rich Dad, Poor Dad and I'm sure a lot of you have heard of that). Silly me for not knowing this prior to showing up.
It was an interesting game for sure - you play with a balance sheet that gave me flashback to my accounting class. And as one player mentioned before we got started, it really is a simulation for life and the money flow of it. You start in the Rat Race, giving time for a monthly paycheck and waiting for opportunities to come your way. Opportunities like stock at a good price, foreclosed houses, limited partnership in a business. Slowly, slowly, you build up passive income to the point where it can pay for your expenses, and then you're in the fast lane! At which point, if you land on a gold mine most people think 'eh, why not?' and buy it.
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We played in teams and that was interesting in and of itself. She was a bit...more risky then me. I was not ready to take out as many loans as we did, but things worked out. We didn't get to the fast lane by the end of the game (this group plays with a strict time limit - 3 hrs) but we were super close.
It was an interesting group of people. I wasn't the youngest, our host's daughter was there, and half of the people playing have a lot of investing under their belts already. Business owners, millionaires, life coaches, new investors, old investors.
This is a weekly thing the group has been playing for a year, a three hour game followed by a debrief of however long it takes, and there's a lot of talk about how this game has changed their thinking about real world investments and how well the real world is reflected in it. All very interesting, and it's cool to see elements of what I'm learning reflected in both the game and the stories they tell.
I'm looking forward to the next time I can play.
1 comments:
Sounds interesting
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