![game cashflow 101 game cashflow 101](https://i.ytimg.com/vi/pKw-HG7vkDU/maxresdefault.jpg)
I would not dare buy those multi-unit apartments unless they were in the same price range as the single family homes I focus on. This is the reason why one should avoid deals that lead to too much exposure or over-leverage.Īpplying this is real life is a no brainer. The same can also happen when one is downsized. However, there is such a thing as becoming over-leveraged which can produce negative cashflow situations because of the high monthly payments for those loans.Įven if one’s passive income is enough to cover the monthly payments for those loans, imagine if something happened and the monthly income of one’s investment properties were affected, suddenly the monthly payments for the loans cause a negative cashflow and can lead to bankruptcy. Over-leverage often leads to bankruptcyĭuring the game, we often encounter great deals that produce a lot of positive cashflow but require a big downpayment and it is tempting to borrow money from the bank just to be able to buy those great deals. I can then use the profit later when they are enough to get bigger deals that can produce bigger positive cashflow. I focus on single family homes or properties which may produce little cashflow at the very least, but can actually generate significant profits if “flipped” or sold through “rent-to-own”. In real life, I am also following the same path. I was not able to get out of the rat race during this game but we only played for an hour due to time constraints. My four “green houses” which I’ll exchange for a “red hotel” during a recent game I played with Earth. Later on, when the market presents good opportunities, I was able to sell or “flip” these small deals and then I used the profit to buy the bigger deals that produced greater cashflow, allowing me to get out of the rat race. In the beginning of the game, I always chose small deals even if they produced little cashflow. Start with small deals first, and the big deals will follow My family and I lead simple lives, which explains my very low target monthly passive income which is why I know I am going to get out of the rat race in real life very soon! 2. Harv Eker in his book “Secrets of the Millionaire Mind”.
![game cashflow 101 game cashflow 101](https://m.media-amazon.com/images/I/71hz2mgcVdS._AC_SL1120_.jpg)
This was also described by Bo Sanchez in his book “Simplify and Live the Good Life” and T. In real life, I am applying the same strategy by reducing my monthly expenses by leading a simple life. After each payday, I had more money to invest, and with just a few passive income generating deals, I had enough passive income that exceeded my monthly expenses, and I was able to get out of the rat race faster. As a truck driver, although my salary was low, my monthly expenses were also very low.īecause I had low monthly expenses, I already had a positive cashflow and all I needed to do was just get those passive income generating deals. This happened during the Think Rich Pinoy Seminar I attended last August 2007.
#Game cashflow 101 driver#
I noticed that whenever I played the cashflow 101 game and was able to choose a “simple” profession like a truck driver for example, I was able to get out of the rat race faster. Simplify and get out of the rat race faster It is the only game in the world that educates us on the ways to convert earned income into passive and portfolio income but most importantly how you behave within investing scenarios.A photo of the cashflow 101 board game courtesy of Earth del Mundo 1.
#Game cashflow 101 how to#
The award-winning personal finance game uses the best components of stock investing games, business building games, and real estate investing games to challenge your perception of how to generate and sustain wealth.
![game cashflow 101 game cashflow 101](https://i.ebayimg.com/images/g/L~0AAOSwOghfxdwi/s-l300.png)
In the industry-challenging, thought-provoking book, author Robert Kiyosaki explains what the rich teach their children about money that the poor and middle-class do not.īecause CASHFLOW was developed out of the all-time best-selling book on personal finance, it has grown to become one of the best investing games ever created.īut CASHFLOW isn’t your average financial literacy game.
![game cashflow 101 game cashflow 101](https://i.ytimg.com/vi/dPDlWvxFw5Y/maxresdefault.jpg)
CASHFLOW (originally titled CASHFLOW 101) is an educational board game built upon the lessons from the New York Times best-seller in personal finance, Rich Dad Poor Dad.