Women Lines

Are you having money sense?

Have you ever thought about your spending habits, wealth management awareness, and checked your investment knowledge.

It’s interesting but true, there is a board game called cash flow game which will open your mindset regarding issues of your financial life.

My friends don’t think that I am suggesting this game for your kids in parenting section.

This game is for you all to play with your friends. Many women group like to play games of cards, bingo, crossword and other board games. This game is also just like other board game but it involves money into it. Don’t be afraid as when money comes in between people tend to have fear to loose it. But this money is not your real money. You have to play your instincts with whatever money is provided by the banker of the game.

As wekepaedia describes-“ Cashflow 101 is an educational tool in board game format designed by Robert Kiyosaki(author of Rich Dad, Poor Dad),which aims to teach the players concepts of investing by having their money work for them in a risk free setting (play money) while simultaneously increasing their financial literacy and stressing the imperative nature of accountability.”

The interesting feature of the game is that it is played in two steps. First step is ‘Rat Race’ and second step is ‘Fast Track’. In rat race the player aims to raise his or her passive income level so that it can exceed the character’s expenses. In order to win the game player should get her character to buy their dream or accumulate an additional $50,000 in monthly cashflow, and this happens only in second part of game that is fast track. While playing the game players have to fill the financial statements so that they can see clearly what is happening with their money.It generally shows how assets generate income and demonstrates that liabilities are expenses. There is also a kid’s version of the game called cashflow for kids.

You do not have to be an accountant to play this game, as the calculations are very simple. The idea of the game is to purchase enough cash flow positive assets to exceed your everyday living expenses. You can do this buy purchasing cashflow positive properties, businesses mutual funds and shares. As you work your way around the board, you land on different squares, examples being “paycheck” (where you receive your monthly paycheck depending on your profession) or though you do not have to land on this square to receive your income, just passing it will get you paid.. another example square is “opportunity” where you will be presented with investment opportunities such as businesses, property shares mutual funds etc. Another example square is “doodads” these are unexpected expenses that are often unnecessary and require you to spend your money..for example “Buy Big Screen TV, Pay $4000″  Once you have accumulated enough assets to generate a passive income that exceeds your living expenses you are able to leave the rat race and play on the “Fast Track” the outer circle of the board game. Once you are out of the rat race and on the fast track, your goal is to buy your dream which you select at the start of the game. A few examples of the “dreams” are “golf around the world” , “be a jetsetter” , “dinner with the president” and so on.

Abang Abu, an entrepreneur, founder of Now Asia, is quite known for his trainings and financial courses is Singapore and Malaysia. . He has a deep commitment towards young people’s success in entrepreneurship and financial intelligence.

He loves to arrange for cashflow game, if to be played in a big group. This game can be organized in any network for eg communities, office groups, friends group, schools, colleges and other places.Know more about him by visiting www.abangabu.com and www.nowasia.sg

Enjoy playing this money game!

Kids cannot sit idle. With bubbling energy kids love to keep themself busy with various activities around. Whether its art craft activity, or dance, singing, any creative activity will bring out their real talent outside. Some activities really help to nurture certain specific skills in them. Through this series womenlines  wants to share those activities with its readers which will really help in meaningful way-

1-CREATE AND IMAGINE-

If you want to teach certain practicl knowledge for everyday living this activity will help you a lot.

Place a large sheet of paper on the floor.Ask your child to draw picture of your homein the centre of the paper and title the map with the  name.Draw your street, write your street name, and your house and telephone numbers.

Have your child plce on X on the map to mark important places in the neighbourhood. like school, store, shopping complex, friend’s house, fire station, police station, clinic, etc. Talk with your child bout which plce is nearest to your place. Post the map on the fridge and so that your child can have a look at it everydy. Encourage the child to put other places on the map also.

2-TIME MARCHES ON

This activity helps your child see and feel and see the difference between a “few second” and a “few minute”. It will help your child learn to be on time.

Make guesses about how long  a traffic light is red  or green. Then check your guessess, about how long it takes to eat dinner.Then check your guesses.How long does it take to get ready and go out. How close each one of you comr close to right answers.

Have fun while playing these games!

Kids health http://kidshealth.org/parent/is an interesting site as it deals with parents, kids, and teens in different sections.

Kids section is having categories related to their interest. Like recipes, games, health, problems, injuries, feelings, etc. Every category is described in kids perceptive only.

Parents section is to solve queries from their side with topics like parenting, pregnancy, recipes for kids, etc.

Internet is a primary source to get information nowadays. Kidshealth.org provides detailed information regarding concerned topic which can range from any disease to knowing about pregnancy facts. Same goes for kids, all articles are written specially for kids knowledge only so that they can solve their queries regarding different topics at one place only. In fact cooking section provides recipes which kids friendly and can be cooked easily by them.

News section in parents section is one interesting feature which makes this website a different one. The latest news regarding kids , discoveries, happenings, and many other happening around the world is reported here.

Knowledge is power in today’s world and applied knowledge leads to success. This website provides right knowledge to right people at right time if used properly!

Straits Times reported very interesting news on April 16, “Digital Media may affect morality”!

“It’s astonishing but study results,  going to be published next week in Proceedings of the National Academy of Science Journals found that emotions related to our sense of morality, such as admiration and compassion, take much longer to form that our visceral reactions to pain or physical suffering.For some kinds of thoughts, especially moral decision-making about other people’s social and pshycological situations, we need to allow for adequate time and reflection. USC(University of Southern California) study showed that volunteers needed six to eight seconds to fully respond to compelling, real life stories used to induce admiration or compassion for physical or social pain, and the feelings are more prolonged.  If things are happening too fast, you may not ever fully experience emotions about the people’s psychological states and that would have implications for your morality”

Social networking sites like orkut and facebook, virtual games, online news, Twitter, -thanks to all these platforms we are living in a virtual world most of the time and that can be dangerous. Its very necessary to have social experiences to have a strong moral character for individuals. Internet is such a medium that can lead to addiction and suddenly one day you will realize that you are living in a vitual world around and this will lead to have a wrong impact on your personality. Take it as a warning, we are humans after all and need to have physical presence and interaction around. Virtually its good to be in touch with all those whom we cannot meet. But don’t get involved yourself so much start living in that world only. 

Womenfolk, especially those are working should make sure that they don’t lose their precious emotions in hands of digital media. Is it happening with you that after listening to some sad story you are least bothered, or the next door neighbour’s illness hardly effects you. May be you are too much into your own virtual world that you are not aware about the happenings of the real world around.  Take it a s a warning and come out of your virtual world.

 Make sure you are not missing your tea time breaks with your dear friend for a giggle and to share each other secrets!