Rich Dad Cashflow for Kids: A Fun Board Game About Money
Teaches 6 to 12 Year Olds Money Concepts
So, you think your kids are too young to learn about money, investments and debt? Or you don't know how to begin teaching them about these things or doubt they'll be interested if you try to broach these topics with them? Well, think again, because the board game, Rich Dad Cashflow for Kids is a fun way to teach complex financial concepts to kids aged 6 to 12.
Designed by Robert T. Kiyosaki, an author and investor famous for his Rich Dad Poor Dad series of books, the game's goal is to teach young players how to become "Cashflow Kids." The game also teaches the basics of a financial statement (income and expenses) and a balance sheet (assets and liabilities), so that players quickly learn that if their expenses exceed income, they won't have money to pay for other things. For instance, if they buy jet skis on a credit plan it will strain the monthly budget and there won't be money left for investments which can yield long term passive income instead of short term debt. Kids who repetitively play the game have fun learning how to generate enough investment income to cover their expenses, so they can enjoy the fruits of passive income. And they learn financial skills that will be necessary to become the next generation of entrepreneurs.
Set Aside a Game Night With Your Kids
This game is a great family activity and kids will look forward to playing it on a family game night. If aunts & uncles or grandparents live nearby, be sure to invite them, too. Your kids can learn strategies from watching the way the adults play along with them, and the kids may even quickly surpass their seniors' financial skills if game night becomes a weekly or monthly event.
When the game is over, you can serve a healthy bed-time snack such as frozen yogurt parfaits or sundaes. Let the kids put on their own toppings from an assortment of chopped nuts, raisins and fruit. This way you'll be modeling and teaching good nutrition habits as well as money habits.
Rate This Review of Rich Dad Cashflow for Kids
The website, Rich Kid Smart Kid is the youth initiative of Robert Kiyosaki's, Rich Dad Company. Its goal is to increase the financial literacy of the next generation and help them become future entrepreneurs. Its mission is education and empowerment because knowledge is power.
The website has free computer games for kids which are broken down into grade levels K-2, grades 2-5, grades 6-8 and grades 9-12. It also has information about other Rich Dad Company products that teach financial literacy to kids including the following books:
- Rich Kid Smart Kid
- Rich Dad Poor Dad for Teens
- Escape the Rat Race Comic
The website can be accessed by clicking the link below.
Rich Kid Smart Kid Website Link
- RichKidSmartKid.com - Give your children a financial education head start!
Teaches kids financial literacy through free computer games and provides information about books for kids on this topic.
Investing in Your Child's Financial Future
Unfortunately, money management and financial literacy is rarely taught in schools. Investing in the products listed in this hub can be an investment in your child's financial future as it will help your kids learn to make better financial decisions and may even help them grow up to be successful entrepreneurs.
Do you or did you teach your kids about money management, budgets and investments when they were between the ages of 6 through 12?
Link to a Related Hub
- Board Games And The Lessons They Teach
Great hub about the life lessons kids learn from playing board games.