Maricopa Community Colleges  EPS102   20042-99999 
Official Course Description: MCCCD Approval: 12/09/03
EPS102 20042-99999 LEC 2 Credit(s) 2 Period(s)
Rich Dad's CASHFLOW
Principles, processes, and tools that represent a new paradigm for financial literacy. Concepts and principles based upon Rich Dad Poor Dad, Cashflow Quadrant, and the Cashflow 101 game.(Copyright). Prerequisites: None.
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MCCCD Official Course Competencies:
 
EPS102   20042-99999 Rich Dad's CASHFLOW
1. Explain the definitions and need for financial literacy that are outlined in Rich Dad Poor Dad, Cashflow Quadrant, and the Cashflow 101 game (Copyright) (all) and the six lessons that comprise the Rich Dad Poor Dad model. (I, II)
2. Analyze financial statements and define the relationship between the Income Statement and the Balance Sheet. (III, IV)
3. Contrast and compare the cashflow patterns of the poor, middle class, and the rich. (III, IV)
4. Evaluate financial assets and liabilities. (V, VI)
5. Identify the four types of people that comprise The Cashflow Quadrant. (V, VI)
6. Compare the differences between owners of corporations and employees of corporations. (VI, VII)
7. Identify and explain the assets that comprise portfolio income and passive incomes. (VII)
8. Describe seven levels of investors and their characteristics. (VII)
9. Complete seven steps to the financial fast track. (VIII)
10. Establish personal financial one and five year goals for security and wealth. (VIII)
11. Assess and apply personal financial fast track strategies to the Cashflow 101 game. (VIII)
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MCCCD Official Course Outline:
 
EPS102   20042-99999 Rich Dad's CASHFLOW
    I. Definitions: Rich Dad's Wealth 101 Vocabulary (Copyright)
        A. Financial terms
          1. Asset
          2. Balance Sheet
          3. Cash Flow
          4. Debt
          5. Capital
          6. Capital Gain/Loss
          7. Dividend
        B. General Terms
          1. Down Payment
          2. Doodads
          3. Certificate of Deposit
          4. Auditor
          5. Bankruptcy
      II. The Need for Financial Literacy and Overview of Lessons in Rich Dad Poor Dad (Copyright)
          A. The Need
          B. The Story of Two Dads
          C. The Cold Hard Facts
          D. Overview of the Six Lessons of Rich Dad Poor Dad
            1. The Rich Don't Work for Money
            2. Why Teach Financial Literacy?
            3. Mind Your Own Business
            4. The History of Taxes and the Power of Corporations
            5. The Rich Invent Money
            6. Work to Learn - Don't Work for Money
        III. Lesson One: The Rich Don't Work for Money (Copyright)
            A. Financial Statements
            B. Cashflow Patterns
          IV. Lesson Two: Why Teach Financial Literacy? (Copyright)
              A. Rule One: Know the Difference between and Asset and a Liability
              B. General and Personal Strategies for Creating Wealth
            V. Lesson Three: The Cashflow Quadrant (Copyright)
                A. Sectors of the Cashflow Quadrant
                B. Application of Sectors to Personal Finances
                C. Compare and Contrast Attitudes of the Rich, Poor and Middle Class
              VI. Lesson Four: The History of Taxes and the Power of Corporations (Copyright)
                  A. Differences between those who Own Corporations and those who Work for Corporations
                  B. Corporate Asset Protection and Personal Finances
                VII. Lesson Five: The Rich Invent Money (Copyright)
                    A. Identification of Types of Assets and Income
                    B. Seven Types of Investors
                    C. Personal Identification with Types of Investors
                  VIII. Lesson Six: Work to Learn – Don't Work for Money (Copyright)
                      A. Identification of Seven Steps to Personal Fast Tracks
                      B. One and Five Year Goals to Financial Security and Wealth
                      C. Application of Personal Fast Track strategies
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