Business Etiquette
Types of food(s) you should avoid when out with professionals.
Messy Food
Acceptable Answers: Garlic/Onions
This app can be seen as the professional version of Facebook.
Experts recommend having at least 3-6 months worth of expenses saved in case of an unexpected event.
Emergency Fund
The board game is a tool in teaching what type of literacy to young adults?
Financial Literacy
On a financial statement, this statement represents the pattern of money coming in and going out.
Income Statement
An action that can commonly be phrased as "it's not what you know, its WHO you know".
Networking
The fraudulent practice of acting as a reputable Company then sending emails/messages in order to get sensitive information.
Phishing
A general "rule of thumb" used by many to help budget.
50/30/20 Rule
In the the game, rental properties and investments are all forms of this type of income.
Passive Income
Rich Dad's balance sheet looked like one of the below:
A. High Assets, High Liabilities, Low Equity
B. Low Assets, High Liabilities and High Equity
C. High Assets, Low Liabilities and High Equity
C. High Assets, Low Liabilities, and High Equity
One of the biggest skills required in any profession, especially in Business.
Communication Skills
Two other uses for social media beyond socializing and doom scrolling.
1. Academic/Research
2. Networking
3. Marketing
Three entities that commonly have budgets.
Personal Budget(s)
Government Budget(s)
Company Budget(s)
Referred to as DooDads in the board game, some of these can also be called a what in real life.
An Unexpected/Emergency Expense?
This income was used to refer to another form of passive income, solely based on a "collection" of "paper assets."
Portfolio Income
North America and Europe use this gesture as a sign of respect and professionalism.
Handshake
Everything on Social Media contributes to this and will follow you forever.
Remember: Everything on the internet STAYS on the internet.
Digital Footprint
Budgeting is not only applicable to money, another application in your life would be?
Time
Players learn to manage their money via these two cashflow statement accounts, referred to as inflow and outflow.
Income and Expenses
It possible to make money and still be broke. Why?
Poor Dad habit(s)
Acceptable: Spending more than you make.
Studies show that it takes a person this much time to make a judgment about you based on your appearance and presentation.
1/10th of a second
Protecting your personal information, multi-factor authentication, and being wary of what you post online are some examples of this type of personal safety.
Personal Cybersecurity
When money invested/borrowed creates interest on the interest created.
Compound Interest
Debt is a tool commonly emphasized in the board game, but can lead to what is misused/overly abused in real life.
Bankruptcy
Acceptable: Overleveraged
Robert and his friend Mike originally tried this moneymaking scheme, however they didn’t know it was illegal.
Making/Counterfeiting Nickels