Jericho C.

Jauod BS Accountancy 3-10

January 6, 2012 Prof. Payumo

From the very moment that our Economics Professor told us that we will be a having a seminar regarding Cash flow, I was excited enough to witness that seminar. One of the reasons is that it has something to do with my course. She added that we will be playing a board game that needs a vey decisive decision to make. This is something new to me. I cant wait for that day to come. Most of my classmates agreed that we should go there on December 1, 2011. During that day, Most of us have no idea regarding what we are going to there. We even speculated that this will be another typical boring seminar that we used to attend. Since the name of the seminar is Cash Flow and it has something to do with accounting, our course, one of my classmates told us that we will identify whether its operating, investing or financing activities since this is what we do in the cash flow in accounting. As I enter the venue of the seminar which was the not-so-nice Audio-Visual Room located in the Laboratory High, I felt something strange. I dont know what that was. I was assigned in 6th table together with other students whom I do not know. But the only thing I knew is that they are third year BSA students and a student of Professor Payumo as well. I got envied with the last table because those seated there are all my classmates so eventually I decided to just sit there because I knew that I would enjoy it more if Im sitting beside the persons I know. There was a cash flow board game above the table, 2 dices, a set of cards ( I dont know the name) and about 6 rat-like figures that served as the playing chip. The seminar was pioneered by Mr. Jeric Lee, a well-respected individual on his field. He shared some very interesting knowledge on how to make your money productive as well as the right investment to choose. As he discusses his expertise, I notice that most of his listeners were very eager to learn something from him and they showed a huge intention on what he was talking about. Everyone was so lively and wanted to participate as if they want to grab him (referring to the speaker). The moment weve been waiting for has come, the board game itself. All of us were very excited to know how to play it and what the mechanics are. A very interesting board game, indeed. To start the game you must choose your color and pick a profession card. On my first game I managed to choose the Business Manager card. As an example, the business managers total income is $4600 per month. Total expenses are $2930 leaving the monthly cash flow of $1670. Expenses range from tax, mortgage repayments to credit cards and child expenses. Seems the more exotic your profession the more income you receive, but also the more expenses. A lot like real life. Some other

examples of professions are truck driver, mechanic, engineer, teacher, airline pilot, doctor and so on. The idea of the game is to purchase enough cash flow positive assets to exceed your everyday living expenses. You can do these 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. The game takes a little time to get used to all the rules, and to get familiar with the balance sheets, but once you get into things it is a really enjoyable game. I think the beauty of this game is it opens your eyes to real life. You begin to realize that the only way to get out of everyday life rat race is to purchase assets, and not liabilities. I think the game was a real eye opener for everyone! This is a game that will change your mind set forever!