Rich Dad Poor Dad: What the Rich Teach Their Kids About MoneyThat the Poor and Middle Class Do Not!



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Rich Dad Poor Dad What the Rich Teach Their Kids About MoneyThat

The Key to Financial Freedom
The key to financial freedom and great wealth is a person’s ability to
convert earned income into passive and/or portfolio income. My rich dad
spent a lot of time teaching Mike and me this skill. Having this ability is the
reason my wife Kim and I are financially free, never needing to work again.
We continue to work because we choose to. Today we own a real estate
investment company for passive income and participate in private
placements and initial public offerings of stock for portfolio income.
We also went back to work to build a financial-education company so
that we can continue to create and publish books and games. All of our
educational products are created to teach the same skills my rich dad taught
me, the skills of converting earned income into passive and portfolio
income.
The games we create are important because they teach what books
cannot teach. For example, you could never learn to ride a bicycle by only
reading a book. Our CASHFLOW games for adults and CASHFLOW for


Kids game are designed to teach players the basic investment skills of
converting earned income into passive and portfolio income. They also
teach the principles of accounting and financial literacy. These games are
the only educational products in the world that teach people all of these
skills simultaneously.
CASHFLOW 202 is the advanced version of CASHFLOW 101 and
requires the game board from 101, as well as a full understanding of 101,
before it can be played. CASHFLOW 101 and CASHFLOW for Kids teach
the principles of fundamental investing. CASHFLOW 202 teaches the
principles of technical investing. Technical investing involves advanced
trading techniques such as short selling, call options, put options, and
straddles. A person who understands these advanced techniques is able to
make money when the market goes up, as well as when the market comes
down. As my rich dad would say, “A real investor makes money in an up
market and a down market. That is why they make so much money.” One of
the reasons they make more money is simply because they have more self-
confidence. Rich dad would say, “They have more self-confidence because
they are less afraid of losing.” In other words, the average investor does not
make as much money because they are so afraid of losing money. The
average investor does not know how to protect themselves from losses, and
that is what CASHFLOW 202 teaches.

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