During the Inventory Game you physically moved in and out of a specific area (front of room) and noted the change in number of students in that area over time, as well as the inflow and outflow rates.This game was to simulate your own personal assets (income) and your liabilities (bills) and their flow over different time periods. In the game - students were cash and the front of the room was the wallet or purse.
In a new blog post titled "Net Worth & Cash Flow" discuss the following:
- Did the game help you visualize a constantly changing cash flow?
- What me some examples of cash outflow? How does the time element play a part with these?
- What does the game suggest about how you might grow your own wealth over time? What are key elements to do this?
- Describe what "net worth" is.
- Why would a person want their net worth to be larger - besides the obvious I have more stuff/money - think long term over your entire life and how it can assist you.
As always, use complete/topic sentences.
