Unaware that there are other options to generate money and are automatically trapped in the rat race once they start their working life. 2. No matter how much money you have, but the persons who are capable of generating when the game started, my kids were focused on gaining more and more money. See more detailed opinions by reading what John Savignano offers on the topic.. They thought that the more heaps of bills could accumulate, the better. Add to your understanding with Professor Rita McGrath. However, very soon realized that "Cashflow 101? not earned by accumulating money, but to generate enough passive income to pay their living expenses and so become financially free. 3. The importance of not spending unnecessarily, "Cashflow 101? a have boxes that, when it falls on them, must draw a card "doodad" or the expense.

You can be anything from a visit to the mall to buy a yacht, all things entertaining and enticing that we like to do. However, my children quickly learned that these "doodads" took away money needed to invest in something that will generate income. 4. Investment basic vocabulary Do you know what is the ROI or return on investment? Or how to take a statement (and how to interpret it), understanding the concept of a "stock split or a stock split, how to call the different options for investing in real estate, etc? What about your children? To succeed in the investment world, you have to master the language used in it. 5. How to invest "Cashflow 101? brings the world of investments available to everyone. Many people do not dare to invest because they believe it is very risky.