Financial Freedom

Rich Dad Cashflow Game

If you ever read Rich Dad series of book, you will not be unfamiliar with the Rich Dad Cashflow Board Game. It is a creation of Robert T.Kiyosaki after he retire. You can just imagine cashflow board game just another type of monopoly which bring education knowledge.

Cashflow board game is described as mimic of what happen in real life, where most people is in the rat race. Those who are in rat race are people that spend more than they earn. They live from paycheck to paycheck to settle the bill and debt.


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Financial Planning 5 Steps

Financial planning is important if you want to retire early and retire rich. It is just like your travel planning from destination A to destination B. There are several ways for you to reach there which have pros and cons on each of them. Same apply to financial planning. The important is you need have the  blue print in your mind how to achieve your goal.

Below are  5 steps of financial planning. Each of them are equal important.


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Life Insurance To Buy

From my previous post, you know why we need insurance. Basically, you will need two types life insurance so that any undesired health problems  would not affect your family financial, especially if you are bread wider. These two are medical insurance and life insurance.

P/S: In this post, I separate the medical insurance from life insurance to ease my explanation. Actually, medical insurance is under life insurance. Hope it do not confuse you.


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Why Do We Need Insurance?

Insurance is an important part of financial planning. However, a small percentage of people just neglect it and think that insurance is a scam or liar as they never claim the insurance before. Oh please, you need thanks GOD for not giving you a chance to claim insurance. If you are giving a chance, it definitely not a good news. Insurance is bought  for transferring  your risk to insurance company.

To better understanding how insurance work, regardless of life insurance or general insurance please read the easy concept below.


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