Rich Dad and the CASHFLOW Game are being taught in Higher Education in Greece

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The main reason people struggle financially is because they have spent years in school but learned nothing about money. The result is that people learn to work for money…but never learn to have money work for them.

Money is not taught in schools. Schools focus on scholastic and professional skills not on financial skills. This explains how smart bankers, doctors and accountants who earned excellent grades in school may still sruggle financially all of their lives.

This gap in our educational system comes to fill, Rich Dad and the CASHFLOW game. Particularly the CASHFLOW was created in order to teach the game of money, here before only known by the rich.

In this context, learn how Rich Dad and the CASHFLOW games 101 & 202 are part of the curriculum which students are being taught at the Technological Educational Institute of Heraklion in Crete.

Also, 30 students of the Technological Educational Institute of Heraklion participated in the Cashflow Game Tournament which took place at their Institute between May 30 -June 7, 2007.

CASHFLOW T.E.I HERAKLION CRETE

Five years ago Labs’ Professor Kosmas Paxinos of the Technological Educational Institute of Heraklion in Crete having first personally get involved with the Rich Dad’s teachings decided to make these teachings part of the curriculum and the things he learned decided to teach them to his students. The truth is that in the beginning things were not easy. Kosmas in his subject was giving grades to the students according to the CASHFLOW game’s scoring. Some considered it as a joke and laugh at it and they were just going to take their grades. However, some others were listening carefully to his teachings and gradually started to read Robert Kiyosaki’s books and started to love more and more something that now has become to them something more than a game.

Today things are completely different. All students want to learn the teachings of Rich Dad and all are now able to understand the differences between assets & liabilities, passive income & earned income. Now the commonly subject being discussed in the “headquarters” or in other words in the office of Kosmas are real estate, businesses, paper assets(stocks,bonds, etc.) D2U and all kinds assets generating cashflow. Moreover, he is not alone anymore because some students are helping him (students from the Mechanical Engineering Department who have been taught by him some years ago and are now almost undergraduates) because these days there are many more students willing to learn the Rich Dad’s teachings. Furthermore, the students who are interested in are not only from the Mechanical Engineering Department but from other departments as well who on a daily basis are keep asking what this game is about and at the same time expressing their desire to also start playing the game.

At this point we must point out the role of Mr. Kosmas Paxinos who with patience and sheer persistence suceeded in making the CASHFLOW game part of the things that we are being taught. Having his dream as a guide and the change in one person’s mind-set as his sword, he managed to do the Technological Educational Institute of Heraklion in Crete the basis of the CASHFLOW.

We are all now have been taught the way to financial freedom and what it is left by our side is to follow this way in real life.

Thank You Teacher

Students of the Technological Educational Institute of Heraklion in Crete

In the context of the Rich Dad’s teachings we have decided to organize the first CASHFLOW 101 Game Tournament played on PC. It is truth that we were afraid of not having enough participants. Finally, 30 people participated and everything went well. In the beginning the participants were divided in teams of 4 people and started playing 3 games from which the 2 first people of each team (according to PC’s scoring) were passing to the next round 12 people. These 12 people again were divided in 3 teams of 4 people from which the 5 best scoring were passing on the final. A this point we must point out that the final was very exciting and the agony was high not only among players but also for people who came to watch it. For the history, the winner was Dakanali Irini.

The initiative for the organization of the tournament came from the student who is doing his intern with Kosmas, Manolis Sandalakis. The truth is that his efforts have borne fruit and he organized the tournament with the condition that the next tournament will be bigger with more participants.

A Winners’ Memorial Photo ……..(in order)

 

PROTAGONISTS’ STATEMENTS

Rahmanidis Costas

” The CASHFLOW game and its principles are the most useful things I have ever learned. One thing that is impressing me is that I have discussed the things I have learned from the CASHFLOW game with business-owners and to my biggest surprise I realized that they didn’t even knew about them. I now think differently after having played the game and read Robert Kiyosaki’s books. I feel lucky that cashflow came into my way.”

Mihelakis Nikos

” CASHFLOW is a strategic thinking and luck game which is helping you to change your mind-set as well as teaching you how to become financially free. I am now ready to apply these principles in real life.”

Giannias Antonis

“Robert Kiyosaki and the CASHFLOW game taught me and continue to being teaching me how to change my mind-set in order to become financially free. Get out of the rat race!”

Anninos Panagiotis

” I would like to tell you that the CASHFLOW game initially didn’t make any kind of impression to me. However, after playing for the first time I completely changed my mind. I now believe that the game is perfectly mirroring the mind-set of a sophisticated investor. So, my point is that when you are investing wisely in stocks and real estate you are actually managing risk without having to be a risky investor.”

Kalonomou Maria

(3rd Winnner)

” I believe that I’m really very lucky for the opportunity which has been given to me to found out the CASHFLOW game and learn from it. Through this game you are not only learning how to beat your fellow players but you are also learning how to become a winner in real life. I would like to give thanks to Mr. Kosmas Paxinos who through his efforts succeeded in conveying to us this precious knowledge. I would also like to congratulate the organizer who has done all his best to organize the tournament.”

Haidemenakis Dimitris

(2nd Winner)

“CASHFLOW is a game which its principles and rules are offering to the players the chance to know what the world of business and the free market are about. The tournament was excellent and my congratulations to its organizer.”

Dakanali Irini

(1st Winner of the CASHFLOW Game Tournament)

“CASHFLOW gave me an important overview of how accounting, real estate, paper assets and in general the market works. It also taught me how to gain control over my personal finance. Although this is only the beginning, the foundation, it is very important for me because prior to that I was completely ignorant about financial issues.”

Sandalakis Manolis

(CASHFLOW Tournament’s Organizer)

” CASHFLOW teaches you the basics of investing in real estate, paper assets and many more… When I first found out the cashflow 4 years ago I thought it was a simple game like monopoly. However, gradually I realized that it was something more than a game. It was real life. I think that here in Heraklion in Crete we have practiced ourselves a lot by playing the game and now we are ready to apply it in real life. The game teaches us that we are the creators of our own destiny and nobody else. With the right mind-set, knowledge and proper financial education everyone can have as much free time as he/she wants or in other words everyone can become financially free. You have two choices, either be in the 5% of the world’s population which means having money working for you and using other people’s time or either working for money, get stuck in the so-called rat race and having limited free time. The Rich Dad message is clear: What ever your profession is keep growing your assets column (i.e you can save 30% of your paycheck on a monthly basis in order to invest it). If you have financial education you can manage risk and all you can see around you is an abundance of opportunities. I feel really very lucky for gaining this knowledge and I’m ready to play CASHFLOW in real life because this is the reason for doing all these.

I’ve decided to organize the tournament for two reasons. First, it is because I believed that the tournament will be an excellent opportunity for all of the Institute students to hear what this is all about. Second, we wanted to do something on our own in order to please Mr.Kosmas for all the things he has offered to us. We’ve succeeded in both goals. Now, all the Institute knows what we are doing and students keep asking us for more information about Rich Dad and the CASHFLOW game. I think that Mr. Kosmas is very much pleased with the tournament and I believe after that he will continue his efforts with much more drive. My goal and my hope is that this tournament will be the begining and the next one will have more participants and it will be better organized.”

Kosmas Paxinos

Labs Professor

“We are the Industrial Management Sector of the Mechanical Engineering Department of the Technological Educational Institute of Heraklion in Crete. In other words we are teaching economical applications to engineers. Furthermore, in 1993 we were European Champions in Management (KPMG).

We have included the CASHFLOW game in our labs’ curriculum and in the Laboratory of Production & Quality Control because it constitutes an experiential education to a big part of our sector’s curriculum while at the same time it is perfectly mirroring real life in the era of globalization and it is also prophetic to us as Greeks, so we can be able to change “some” behaviors in time and effectively. The CASHFLOW game not only teaches you how to change your mind-set but it also teaches you in an experiential way subjects such as accounting, casflow management, investing, businesses, charity and many many more.

A few words about the CASHFLOW game tournament now: Under the pressure of the student who is doing his intern Manolis Sandalakis and some other students I have accepted their proposal for the organization of the first CASHFLOW 101 Game Tournament been held in our laboratory (and maybe the first in whole Greece). I have to admit that I didn’t expect so much interest and so many participants from my students. In order to reward them I’ve instituted winning awards for the first 3 winners. The initiative for the organization of the tournament came from Manolis Sandalakis and 2-3 undergraduate students of the sector without having themselves the right to participate (veterans). The tournament has been held in three rounds in three days…Details elsewhere… Thus we now have the obligation to continue to do the same in the future… For the beginning a CASHFLOW 202 tournament in the near future!!!”

For more photos of the CASHFLOW Game Tournament as well as photos on how students are practicing by playing the cashflow boardgames click here

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