financial literacy education

McGraw Hill CEO on Financial Literacy




If there is a great learning game or tool that I would introduce to people to learn about financial education, it would definitely be Cashflow 101. Rich Dad's Cashflow 101 is a financial education board game that teaches you financial literacy. I really had so much fun learning playing the game with others that I felt that it has been one of my best investments in purchasing the board game.

The game teaches you similar lessons in ones personal financial real life experience such as accumulating wealth such as investing in real estate, business, stocks, gold, mutual funds, handling debts and managing your expenses. The wonderful objective of the game is to simply accumulate passive income(income generated from your investments in areas such as real estate and business)such that it will be more than your total expenses. Once you have reach this stage in the game, it will enable you to get out of the rat race in the game and you can be considered as financially free in the game.

When I first played the game, it took me more that two hours if I remembered vividly to understand the game. As I understand more about the game, it creates great excitement when I played the game. I realized that my financial education knowledge increases as I played the game more. I began understand the significance terms in our personal finances such as assets, liabilities, doing small and big deals, ROI and so much more great education in the game. In developing a home business, the game enabled individuals like me to understand the importance of starting small but dream big to reach your goals.

The factor that I like most about Cashflow 101is I am able to play and learn together about financial education through this game. Just like any game, you will strategize differently to get out of the rat race as soon as possible to financially free in the game. Similarly, in running a home business, the game enables one to think and strategize the plan to develop the business further.

Aside from handling my personal financing in the game, I learn another fantastic learning lesson from the game. It is the art of handling and coping with your emotional intelligence in the game. When you play with 5 or more players, you are able to learn from each other emotions in the game. It seemed surreal to me at time. I learn that in business and personal finance, one has to handle his emotions well when dealing with investments.

In the game, I realized that the responsibility in the decision making in my investments lies in me. I am responsible for where I will be in the game. It made me realized that handling emotions well is certainly important in running not only a home business but other factors in life too. The beautiful part of such great financial board game, it enabled one to make mistakes in the game and learn to be more effective in dealing with real life situations thereafter.

financial literacy education

Thrivent financial literacy tool wins recognition (Finance and Commerce)
Financial Literacy. Thrivent Financial was honored for its workshop, The workshop is an interactive, stewardship-based workshop created to help people use their time, talents and treasures to make charitable gifts that align with their values.

Eric Schurenberg: Why Financial Literacy is a Mirage (The Huffington Post)
Financial literacy is today's Very Worthy Cause. If only regular people understood more about money, aver earnest officials in government and financial services, they wouldn't...

Financial forum addresses student credit card use, credit score (The Miami Student)
Miami University Associated Student Government (ASG) and the First Miami Student Credit Union hosted a financial education forum Wednesday in MacMillan Hall, open to any students looking for financial advice. According to Yuxiao Bian, member of the First Miami management team, the overarching goal of the forum was to promote financial literacy among Miami students.

Using Theatre to Teach Financial Literacy Pays (PR Newswire via Yahoo! Finance)
The words "theatre" and "financial literacy" aren't typically used in the same sentence.

Ont. schools expand financial literacy lessons (CBC Ottawa)
Ontario schools will soon extend their financial literacy curriculum to students as early as Grade 4, a move that the Education Ministry says is especially important in light of the global economic crisis.

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Posted on 05 November, 2009. Tags for financial literacy education: financial, literacy, education,