Friday April 30th at 425 E Bridle Walk Lane. It also has doodads that damage your regular income, such as car maintenance and cellphone bills. Based on the best-selling book, Rich Dad Poor Dad, Utahns will have the opportunity to learn to build wealth by playing a game, Cashflow 101. Compared to Cashflow 202, which is both a bull and a bear market, things can go sour fast, which makes it a much more challenging game. At this point in the game, you can use the extra dice to reach your dream goal faster.Ĭashflow 101 is not that hard to find, nor hard to play because it is represents only a bull market. The benefit is that you get to roll with multiple dice, but this only becomes useful after you get out of the rat race.
#CASHFLOW 101 GAME NEW 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. Simplify and get out of the rat race faster. A photo of the cashflow 101 board game courtesy of Earth del Mundo. Cashflow 101 (and 202) encourages you to donate money to charity, but I disagree. Here goes my Top 7 lessons learned from playing Rich Dad’s cashflow 101 game. When playing the game, a good tip is to avoid anything with low or negative cashflow. The strategy for Cashflow 202 is the same for Cashflow 101, except you need to sell stock immediately after the price rises. Then when the price goes up, sell all the stock.
If it is selling on the low side, spend every dime of your cash on hand on that stock (you will make more money later). To buy stocks cheap, just look at the high and low points. After a few turns with rental properties, such as starter houses or apartments, you will be able to pay off any debt. To do these things in the Cashflow 101 game, you often need a bank loan. Buy stock cheap to sell higher later, or build up rent property to perhaps sell later as well. To get out of the rat race, you can do two things. Since then, an online version had become available and you are probably looking for some Cashflow 101 game tips and strategies.
#CASHFLOW 101 GAME NEW SOFTWARE#
I managed to borrow the e-game software version from a friend to dodge the high price. My favorite memory is of Les challenge as to whether players could get out the rat race without opening the Cashflow 101 game box. and the advertisement in the back of it to buy the board game Cashflow 101 or Cashflow 202. Brings back lots of great lessons I learned from play the game with you and Les. On the fast track you can also franchise businesses you already own and buy businesses of other places (for twice the cost).If you are reading this, surely you have read one of Robert Kiyosaki’s books such as Rich Dad Poor Dad…. To get out of the ratrace in 202 you need to have your passive income be twice your expenses.Īnd to win you need to buy your dream or two other dreams as well as getting 50k in passive income on the fast track. (I had paid off retail debt much earlier) I ended up giving 12k to my friend for one deal that gave him some cash and me some good cashflow.Īfter I got a lot of cash from the one very successful stock deal, I paid off all my liabilities, even though paying off the home mortgage is not a high ROI. You can also negotiate more with other players throughout the game. The deal that really got me some capital was shortselling 5000 shares of an overpriced stock. My investment portfolio started me off with 3000 in cash and a 4-plex. My profession was truck driver, I had fairly low expenses. There’s a home business component which has different levels too. After you go through all 25 then you reshuffle them with the rest of the cards and deal out another 25. The market cards work a little bit differently too, you shuffle them and place 25 on the board, leaving the rest to the side. And after you act upon the deal, you draw a market card. You pick one of these deals whenever you land on an opportunity space OR a market space. Instead of big deals and small deals, you have capital gains deals and cashflow deals. In addition to your job, you start off with an initial portfolio. The stock market becomes more complicated and volatile- companies can go bankrupt, you can sell short, and use put and call options.īecause of these changes, you have a new playing sheet just for your stocks. It’s basically an expansion to 101, so it requires some of the same pieces and the board from 101. Yesterday I played Cashflow 202 with my friend.
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