Cashflow 101 clubs12/25/2022 ![]() RK makes a very good point when he says that schools create people who are word literate, but predominantly not numerate,or financially literate. Suddenly, it isn’t even unusual for people to be living in the 21st century, with beliefs around money that may have been passed down through four or five generations in a family, straight from the 19th century… Industrial age thinking, from a time where steam was king, horsepower usually involved horses, and people often had jobs for life in large factories or small businesses, no longer works all of the time in the Internet age. They, in turn, probably got theirs the same way. Most of us don’t realise just how much of our beliefs around money ( and other things, like relationships) are inherited from our parents from ages 2 to 9 years of age, when we have no critical thinking ability – we just absorb them like a sponge as gospel truth. ![]() I could then ask the question that would allow that person to reach a conclusion on their own, to get past the situation in the game, and the emotional reasoning that often created it. Part of the skill I had to acquire as a coach was to pay close attention to what was going on, and the language people were using. Particularly as they started to understand how it reflected what was going on in their lives, and how they created it. People would have emotional meltdowns in the game, over what was going on with printed pieces of paper, and what was written in pencil on a P & L. It is understanding how it affects people emotionally, and how they behave accordingly, that is a large part of mastering it. This, to me, reinforces the knowledge that money is an idea, rather than a real thing. Certainly, from an emotional point of view, people had the same emotional roller coaster going on in their heads as they made or lost money in the game. Within about 5 minutes of sitting down and starting a Cashflow game, I noticed that people tend to play the game in exactly the same way that they handle money in their ‘real life’. Over months, I saw people turn around lifetimes of choices, see things they had been walking past every day – and out of the thousands of people who came through, about 38 of them are independently wealthy multi millionaires today. This could then be measured as to how that affected their lives in numbers. What I found was the most transformative aspect of the game, was that by making people make financial decisions, write them down, and analyse what happened, and whether the choices were moving them towards a goal or not – that all of people’s unconscious programming, beliefs, and emotional “stuff” around money came up. Eventually, I got to the point where my mental math was good enough to play each players position by glancing at the deal and their P & L and Balance sheet. This is a game that teaches investment, where you win and lose on a profit and loss, and a balance sheet, rather than just on the board itself.Īs club convenor and primary teacher, i often played the position of banker. I ran a club called the ‘Northern Bears Cashflow Club”, that played the Robert Kiyosaki game ‘Cashflow” for about 10 years.
0 Comments
Leave a Reply.AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |