My family and I often huddle around our dining room table to have family game night. The game of choice? Cashflow by Robert Kiyosaki. I know a number of you have never heard of the game (in fact I hadn’t either until reading multiple Kiyosaki books), so I’ll give you a brief rundown of the game.
Kiyosaki describes Cashflow as “monopoly on crack.” After playing the game for myself I’d have to say, that’s a pretty accurate description (not for drug use reasons obviously lol). It’s just a really ramped up version of Monopoly. In the game, there are two levels: the “rat race” and the “fast track.”
Each player starts out the game by choosing a dream on the fast track. Kiyosaki says it’s very important to start the game with choosing your dream, because you have to establish your “why” at the outset. Next, each player chooses a game piece and a profession. Each profession comes with a mini financial statement with pertinent information such as income, expenses, assets, and liabilities. No worries, I have no intentions on bogging you down with the details regarding the financial statement.
After each person has their game piece and profession together, we then roll a die to see who goes first. Every player starts out in the “rat race” portion of the game. The rat race is a representation of you having to go to work, at a job, to make a living. And it’s dubbed “the rat race” because it’s analogous of us, employees, being in a never-ending cycle of going to work and paying bills, just to go to work and pay bills until 65 (essentially we’re in a never-ending hamster wheel).
As you go around the rat race, you receive your monthly cash flow (what’s left over after all the expenses are paid), and if you land on the right spot, you’re gifted with opportunities. You tend to land on “opportunities” more than any other space on the board, because more spaces on the board are labeled as “opportunity” than any other item. I think Kiyosaki was hinting at something here. I think he was trying to tell us that we encounter more “opportunities” than we perhaps notice or pay attention to. But that’s a different story for a different day.
The objective of the game is to use the opportunities to generate enough “passive income” to exceed your monthly expenses. Once you’ve accomplished that, you are officially out of the rat race and onto the fast track.
Side note: You may remember from previous articles that passive income is income that is not reliant on your physical ability to perform (i.e., you’re not exchanging time in direct proportion to money earned). Passive income would be things like stock investments, business ownership (not self-employed; there’s a difference), real estate investments, automated businesses, etc…
We love to play the game because you have fun as you’re learning important keys to life. And those key ingredients that are a proven recipe for wealth building are what I want to share with you today. So without further ado, let’s dig into how you can use these 6 key ingredients to build some wealth of your own.