Wandering through the REALTOR(R) Magazine Daily Report yielded a story about the Cashflow 101 game from Robert Kiyosaki (Rich Dad). It uses the game environment to teach stock investment analysis and real estate investing... kind of like a Monopoly for would be investors.
It looks pretty interesting... but it is also pretty expensive at $195 for the game.
I guess the question would be... Have you played? If so, what did you think?
If you haven't played, would you like to?
I might be willing to put together an Atlanta based group of gamers if this is a good way to teach investment strategy and techniques.
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I'd love to hear from you...
Occasionally there is a game held in my area. I found it on Craigslist. Just today I found another group on a website called meetup.com. Unfortunately, I have never been able to attend and play, but I hope to soon!
Sounds like a lot of money for a game. Why not just teach potential investors how to run the numbers - or at least help them understand the numbers.
I am sure it is more fun to play a game, but if you are serious about investing, then you should be serious about learning too, shouldn't you?
Just a though...
Good luck and take care...
Patti Ann
I haven't purchased the game, although I have the book, "Rich Dad, Poor Dad". The purpose of these games, from what I gather from Robert Kiyosaki and Donald Trump, is to get you involved in the learning process. It's been said before, nothing beats hands on experience. So the game may not be complete real life hands on but it's still getting you involved more than a book would. Again, that's the whole idea of Mr. Robert Kiyosaki, is his Poor Dad believed in teaching him to go to school, get good grades and get a job. Wherein his Rich Dad taught him that school teaches you to have that mentality of life is just about getting a good paying job with benefits. Yes, school is very important but it's your experience in this world that's going to get you places.
You're idea Lane, of setting up a game night would be excellent. Think outside of the box. Good luck.
Johnny - I'm starting to think that if I play this thing a few times with friends to get used to it, it might be cool to do a new investor seminar series and feature the game as part of the series.
Deborah - Maybe we should start a group... I mean a blog group.
Jimmy - $195 would be obscene for a game to play with my kid (he's three) and my wife... but if I can make it create revenue... it is VERY worth it.
Debi - I'd love to know how it goes when you hit a game.
Terry - Should I PM you my address? ;)
Patti - One thing I have found is that the best way to get people to learn is when they aren't paying attention.
Dawn - Another good thing about the game environment is that the players may bond and then work together in teams in the real world. That would spread their risk a little and also perhaps use the group dynamic to get past looking and into buying.
Lane, I have not played the game but have read several of his books. I would love to play it. I believe it would be a great teaching tool, especially for someone that is new to investing or just inexperienced with managing money. Unfortunately, schools do not teach the basics that this game does. Sounds like a great idea. Let us know if you get it started.