![]() ![]() See which version works best for your needs. The old version of the game has you work with play paper money the newer version has you track just like you would in your bank book. There are two versions of the Cashflow 101 game. Old version or new, the Cashflow 101 game is a great teacher! That’s typically what your host is there to do. You also get to use your calculator and ask others to help you with the math if you aren’t strong in that area. You’re working with a pencil and erasers. It’s good training to learn how to do this in the game. That should be the point of working and thriving in your real life. The whole point of the game is to teach you how to get your passive income to exceed your monthly expenses. They’re okay with not investing in real estate, which is a strange concept to me today. They are more fearful of balancing their checkbook than being broke month after month. They would rather walk through life blind to what they’re spending. People are often afraid to actually track expenses and income. It’s not complicated, which is something Kiyosaki built into the game for a reason. Next you transfer the information from your job card to your Income Statement. The expenses are in alignment with the job title. But, alas, it also comes with a whole lot higher overhead. Or you pick the Lawyer card and feel excited because that comes with a big income. Maybe you pick the Janitor card and you feel bummed because the income is low… but so are the expenses. There are cards for that from which you will choose. Go back to the video to dive into the deal and market cards more in depth!Īt the beginning of the game you are randomly assigned a job title. The deal and market cards are to push you into an understanding about investing and how you… no matter what your job… can participate in to earn passive income. (You can, but you want it… and you are choosing to waste money on it.) A doo dad are those things we buy that either just come up in life, like needing a new water heater or roof, or that expensive new gadget you can’t live without. You understand that with a baby comes expenses when you get downsized or lose your job, the bills keep coming even when you have no income. On that inner wheel are spaces that say “small deal,” “big deal,” “market,” “baby,” “downsize” and “doo dad.” In real life, these are experiences we can have. That money comes in the form of pay checks distributed to them at regular intervals. At intervals you will see the words “Payday.” This circle reflects the hamster wheel employees are on, where they are trading their time… in essence, their lives… for money. When you sit down at the table to play the Cashflow game, you will see a board placed in the middle of the table with a circular path in the middle. What are the unique components of the game? I’ll give you the link to my sign-up page at the end of this article. That’s why I can’t stress how important this game has been to me in helping me reach my investing goals. Getting together with others to play the game is also a fantastic way to get to know new people and to network. Once you’ve learned how to play the game you will discover what type of investor you are! – Tweet This is also known as aggressive and conservative investor types. Some are there to figure out if they want to be active investors themselves or if they prefer to become a passive investor who backs active investors’ deals. ![]() You’re sitting across from likeminded individuals there to play the game and who are there to learn more about real estate investing. If you’re interested in raising private capital, playing the game is a great way to accomplish that goal, too. This is what you learn by playing the game in an environment that is fun, interactive, safe (because you aren’t dealing with real money and real deals – they just replicate what you find in the real world) and where you can ask a lot of questions. They work for other people to further the dreams, goals and income of their boss or their clients. The other two types of workers trade their time for money. If you read his first couple of books you will learn, hands down, if you want a great income and retirement, you want to be a business owner (who has good operational systems in place) or an investor. The game’s creator, Robert Kiyosaki, is also the author of the Rich Dad Poor Dad line of books that teach readers the differences between being a corporate soldier (a.k.a., an employee), a contractor (a.k.a., freelancer who runs his/her own jobs), a business owner and an investor. What you do in the game, the moves you make on the board, all the passive income you can earn and how you track your money moves is what you can do in real life! ![]() Second, you will learn something very important by the end of playing it for the first time. What will you learn and why should you care? First, if you have never played the Cashflow 101 game before, it’s a great game. ![]()
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