Last updated: 10/9/04
Cashflow Group Readings |
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1. "Rising Value of Play Money" New York Times, Business Section, 2/1/04 PDF
Excellent article about the game and its popularity nationwide. |
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2. "I'm Game What hot, new pastime is inspiring entrepreneurs to launch businesses?" Entrepreneur Magazine, 9/04 PDF
Article about how the Cashflow game is inspiring young people to start businesses. |
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3. "Money Lessons From Cashflow 101" IdeaMarketers.com PDF
Article about the lessons learned from the game by noted entrepreneur Abel Cheng. |
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4. "Debt Smothers Young Americans" USA Today, News Section, 2/11/01 PDF Article about the culture of those currently ages 18-35 and how the availability of easy credit and the worldwide culture of consumerism is detrimental to our financial lives. |
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5. "Survey: Seniors Flunking Finance" Associated Press via CNN.com, 4/1/04 PDF Article about how high school students learn next to nothing about basic personal finance. The flaw in our secondary school education system unfortunately extends into higher education as well. |
| 6. "John T. Reed’s analysis of Robert T. Kiyosaki’s book Rich Dad, Poor Dad", 2003 weblink |
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John T. Reed, real estate investor here in the bay area, did research into Kiyosaki, (author of Rich Dad, Poor Dad and creator of the Cashflow board game we play here) finding some surprising results. Read his analysis and make up your own mind. Regardless of whether he's a crook or not, I feel his game is a useful tool and his books make one question their philosophy of money. |
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7. Investing in Equities - Articles by Index Funds Advisors weblink and Efficient Market Theory study by Eugene Fama PDF |
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Articles, charts, graphs expounding the benefits of passive management and buy and hold - what every Econ major in college should be familiar with. In addition, the most downloaded finance study on the internet - Eugene Fama's "Market Efficiency, Long-term Returns, and Behavioral Finance," 1997. |
| 8. Investing in Equities - Articles by Bay Area's Sierra Capital Group weblink |
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Articles expounding the benefits of active management and market timing submitted by a Stanford alumni currently in finance. |
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If you would like to submit a reading, please email me and I'll post it online. Thanks. |
Real Estate Quotes |
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“It is a comfortable feeling to know that you stand on your own ground.
Land is about the only thing that can’t fly away.” -Anthony Trollope (1815-1882) |
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“Landlords grow rich in their sleep.” -John Stuart Mill (1806-1873) |
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“Land increases more rapidly in value at the centers and about the
circumference of cities.” -William E. Harmon, Noted realty operator |
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“Buying real estate is not only the best way, the quickest way, the safest
way, but the only way to become wealthy.” -Marshall Field (1835-1906) |
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“The best investment on Earth is earth.” -Louis Glickman, American business executive |
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“Buy on the fringe and wait. Buy land near a growing city! Buy real estate
when other people want to sell. Hold what you buy!” -John Jacob Astor (1763-1848) |
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“Every person who invests in well-selected real estate in a growing section
of a prosperous community adopts the surest and safest method of becoming independent, for real estate is the basis of wealth.” -Theodore Roosevelt (1858-1919) |
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“Land monopoly is not only monopoly, but it is by far the greatest of
monopolies; it is a perpetual monopoly, and it is the mother of all other
forms of monopoly.” -Winston Churchill (1874-1965) |
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“Real estate cannot be lost or stolen, nor can it be carried away.
Purchased with common sense, paid for in full, and managed with
reasonable care, it is about the safest investment in the world.” -Franklin D. Roosevelt (1882-1945) |
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“Real estate is an imperishable asset, ever increasing in value. It is the
most solid security that human ingenuity has devised. It is the basis of
all security and about the only indestructible security.” -Russell Sage |
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“I have always liked real estate; farm land, pasture land, timber land and
city property. I have had experience with all of them. I guess I just
naturally like ‘the good Earth,’ the foundation of all our wealth.” -Jesse H. Jones, former federal government financier |
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“Buy real estate in areas where the path exists...and buy more real estate
where there is no path, but you can create your own.” -David Waronker |
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If you would like to submit a quote, please email me and I'll post it online. Thanks. |
Last updated: 10/9/04 |
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