Sunday, February 01, 2004
Play and Pay?
The Rising Value of Play Money
The NYT's writes a story on "Cashflow"; this is a game that claims to be able to teach investment skills to people. That seems like a great idea, a way to get people's feet wet and teach them the fundamentals that most people just don't know about.
"Up to six people can play the game. The first goal is to leave the rat race and move to the fast track, where players make money through investments rather than paychecks. Along the way, they acquire real estate, buy start-up companies, pay for children's education and deal with problems like parking tickets and leaky water heaters.
The first player to reach his or her financial dream is the winner.
For veteran players, there is an advanced version, incorporating margins, options and short-selling. Another version is intended for children. "
However, I think that the price is ridiculous, just as other critics of the game do: "...while it helps teach some basic financial skills, it may be more successful at creating illusions for people.
"He's selling hope," Joshua Kahr, director of research at the Steven Newman Real Estate Institute at the City University of New York, said of Mr. Kiyosaki's game. Mr. Kahr was also disturbed by the $195 price of the game. "The price definitely gets under my skin," he said. "It's just a lot of money."
$195 for glorified monopoly? Who would of thought that you could turn play money into cash? If not for anyone else, the creator of this game Robert T. Kiyosaki has found a way to turn monopoly money into greenbacks. "The game has produced at least $33 million in sales..." I credit the man for finding a way to earn his way in the world, but the high cost of this game, which is based on selling dreams, almost seems like exploiting peoples hopes. He could certainly sell it cheaper. In fact, I exhort him to do so. I has earned a fortune off of the game, continued exploitation of dreamers should stop.
The NYT's writes a story on "Cashflow"; this is a game that claims to be able to teach investment skills to people. That seems like a great idea, a way to get people's feet wet and teach them the fundamentals that most people just don't know about.
"Up to six people can play the game. The first goal is to leave the rat race and move to the fast track, where players make money through investments rather than paychecks. Along the way, they acquire real estate, buy start-up companies, pay for children's education and deal with problems like parking tickets and leaky water heaters.
The first player to reach his or her financial dream is the winner.
For veteran players, there is an advanced version, incorporating margins, options and short-selling. Another version is intended for children. "
However, I think that the price is ridiculous, just as other critics of the game do: "...while it helps teach some basic financial skills, it may be more successful at creating illusions for people.
"He's selling hope," Joshua Kahr, director of research at the Steven Newman Real Estate Institute at the City University of New York, said of Mr. Kiyosaki's game. Mr. Kahr was also disturbed by the $195 price of the game. "The price definitely gets under my skin," he said. "It's just a lot of money."
$195 for glorified monopoly? Who would of thought that you could turn play money into cash? If not for anyone else, the creator of this game Robert T. Kiyosaki has found a way to turn monopoly money into greenbacks. "The game has produced at least $33 million in sales..." I credit the man for finding a way to earn his way in the world, but the high cost of this game, which is based on selling dreams, almost seems like exploiting peoples hopes. He could certainly sell it cheaper. In fact, I exhort him to do so. I has earned a fortune off of the game, continued exploitation of dreamers should stop.
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