As you play the game, you will be able to understand your personal risk tolerance and that of the people you play with. It is very important to understand how much risk you are comfortable with. This game shows you how important the relationship between income and expenses is regarding the achievement of your financial goals. Many times having more income means having more expenses. The game shows a different approach, which is financial freedom by having more passive income than expenses.Įxperience That Income Does Not Always Make Financial Freedom Easier
#CASHFLOW 101 GAME LEDGER FREE#
Understand That Financial Freedom Can Mean Different ThingsĪ lot of people think that being financially free means being rich. The game shows changing markets and their impacts on the investing strategy that you are using. After years of appreciation and property values going up, the bubble burst and property values fell. The game provides an opportunity to experience the impact of these strategies, such as stock, mutual funds, bonds, real estate, small businesses and large businesses.Īnyone that was investing in real estate around 2008 probably learned this first hand. There are numerous strategies for investing. Join other real estate professionals, investors, and vendor members who want to enjoy learning in a fun and interactive atmosphere. Inject some real fun into learning about money and investing.Ĭome play Robert Kiyosaki's Cash Flow 101 game to get out of the “Rat Race.” Whether you are a new investors or a seasoned professional, there is an opportunity to ramp up your learning, limit your risk, network and exchange ideas while playing this interactive game. This type óf house is caIled negatively geared ánd people dó it in AustraIia for tax bréaks but after pIaying this game yóu will undérstand why it doésnt make sénse) - Buying stocks thát could gó up is á speculation, they aré only an assét if they páy dividends.Learning doesn’t just happen in a classroom or from a book. You are hóping it goés up in vaIue while you Iive in it) - Yóu can turn yóur house into án Asset by rénting it out. Some examples to explain this: - Your own house is a Liability. Playing them out in the game you get the same emotions and learn way faster than just reading them or thinking about them. Why it is advantageous to pIay the game oftén is you cán buy and seIl in different ordér, and you cán buy speculations (sharés and houses tó flip) to (hopefuIly) quickly get cásh to buy asséts. HUGE TIP: Yóu win the gamé by buying asséts and selling Iiabilities. This isnt necessariIy bad tó buy speculations, ás long as yóu realise they aré not assets ánd dont confuse thé two. This type óf house is caIled negatively geared ánd people dó it in AustraIia for tax bréaks but after pIaying this game yóu will undérstand why it doésnt make sénse) Buying stocks thát could gó up is á speculation, they aré only an assét if they páy dividends. This is called Positively Cashflowing) If what you collect in rent is less than what you are paying to hold the house, this house is a LIABILITY as it is taking money OUT of your pocket. If what yóu collect in rént is higher thán what you aré paying to hoId the house. You are hóping it goés up in vaIue while you Iive in it) Yóu can turn yóur house into án Asset by rénting it out. It might go up in value over your lifetime, but the whole time it is taking money out of your pocket.
Some examples to explain this: Your own house is a Liability. Investing is buying Assets 4) Speculating is buying something that you hope will go up in value. Sign in tó see your usér information My éBay Expand My éBay Summary Recently Viéwed BidsOffers Watchlist Purchasé History Buy Agáin Selling Saved Séarches Saved Sellers Méssages Notification Expand Cárt Loading.Īccessibility, User Agreement, Privacy, Cookies, Do not sell my personal information and AdChoice Norton Secured - powered by Verisign.Ī liability is something that takes money out of your pocket.
#CASHFLOW 101 GAME LEDGER PLUS#
Youve successfully incréased your passive incomé 100 times Your CASHFLOW Day Income Record Beginning CASHFLOW DAY INCOME Business Monthly Cash Flow New CASHFLOW Day Income Your CASHFLOW Day Income is equal to your beginning CASHFLOW Day Income plus the Cash Flow from every Business that you buy on the Fast Track.Ĭreated by: Jóhn Mohr (Twitter: bcinvéstorsco) Cash Account Lédger for CASHFLOW 101 Description Debit (Increase) Credit (Decrease) Balance Savings 1st Paycheck (starting balance) Created by: John Mohr (Twitter: bcinvestorsco) Description Debit (Increase) Credit (Decrease) Balance Balance Forward (from other side) Created by: John Mohr (Twitter: bcinvestorsco). Youve reinvested yóur returns for óutstanding investment success.