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February 03, 2004
Dr. Smolira on Cash flow: The Game
Dr. Smolira has an insightful critique of the cash flow board game at his web log. Check it out!
Posted February 3, 2004 02:49 PM
Comments
I must respectfully disagree, especially from the point of view of a finance novice like myself. I have tried the finance books and find them really difficult to pull any helpful applications to my current position in life. Of course, if I were to become rich and require greater knowledge in handling my millions of dollars later in life, I may change my mind. However, at this stage in my life, when I have less than $10000 to invest, stocks and funds don't go very far (especially with many places having minimum requirements of $5-20k.)
For me, Kiyosaki's books and games, makes the dream of investing fun again. They may not be as thorough as a finance book or personal finance courses, but they definitely get a person to think twice about what he is spending his hard earned cash on.
And for most of us, games are very important - think about the Superbowl last weekend - what is so life changing about it? But millions of people watched it. Games are simple models of life, as G. Ranney says about statistics. We can't get every detail, but they help to provide a better picture of what we need to know.
Posted by: Danny M. at February 5, 2004 07:16 PM
To comment on this issue
The guy who is telling you how to become a succesful investor or whatever from a board game is himself becoming wealthier and wealthier from people buying his stuff.
Do you really think he cares whether the public becomes wealthy ?
( $195 for a board game ?)
N.B
Bill gates did not play a board game to become rich .
Posted by: Obie at February 6, 2004 10:55 PM
Poor 'American capitalists'...
It was a relief, by reading Rich Dad Poor Dad, to have someone stand up, and point out some of the weaknesses of the typical American household investor.
Here are the lessons... (once again)
- pay yourself first
- stay away from credit cards, and from bad financing deals
- build a platform that provides you with a passive income
- educate yourself, so you can keep your gains as much to yourself as possible, and you stay away from trouble.
Anything wrong with that?
Posted by: Johan at March 23, 2004 08:07 PM
at Belmont University in Nashville, Tennessee. He consults with a variety of businesses on start-up and growth related issues, and with larger corporations on re-establishing entrepreneurial cultures within their organizations. Dr. Cornwall's current research interests include entrepreneurial finance and entrepreneurial ethics. He has authored or co-authored four books.
