In real life, this is easier said than done. And because you have lower expenses, the less passive income you need to generate to get out of the rat race. Sometimes, having a lower income can be an advantage, provided you also have lower expenses. Time to feed your mind data to recognize good deals from bad, and effort to battle through the emotional learning to make it work.ģ) You Can Be An Ordinary Teacher and Beat A Doctor From Getting Out of the Rat Race. To be creative, you need time and effort. However, those with creative minds have an easier time recognizing those deals because they invested the time to learn to spot those deals. For that to work, you need to understand your market, your cash flow and equip yourself with the necessary financial intelligence to make the deal work.
RICH DAD POOR DAD CASHFLOW 101 GAME ONLINE HOW TO
Getting into good debts to buy a real-estate property can be a good strategy, provided you know how to manage that property so it gives you extra cash at the end of the month. And the only way to apply what you know is by being creative in using the knowledge that you have to find solutions to other people’s problems. In real-life, what you know is only potential asset unless you apply it. You cannot rely only with your high income.Ģ) Being Creative Is More Important Than Being Knowledgable What does it mean? You need to manage your expenses and be creative if you want to achieve financial freedom. Even with your high income, a high expense will leave you little cashflow (aka Paycheck) at the end of the month. Unless you turn that casfhlow into income producing assets, you will have a hard time getting out of the rat race. Contrary to popular belief, high income doesn’t necessarily mean you are wealthy. He had to be really be creative and financially savvy to generate a lot of cashflow to cover the high expense. He had a hard time getting out of the rat race because of the high expense. One of the players had a profession of a doctor. Here are the top 10 real-life tips I’ve re-learned while playing Cashflow 101 again.ġ) Having a High Income Does Not Mean You Are Wealthy While playing the game this time around, there were many real-life lessons that came flashing through my mind that I wanted to share with you. It’s been months since the last time I played Cashflow 101 game. Am I generally conservative? Or agressive? Am I the type who goes into debt and takes advantage of the power of leverage? Or am I contented just watching other players enjoying making deals left and right while I am still afraid to take advantage of the small deals even though it is only play money. The most important realization I got was recognizing my own attitude about money. Everytime I play, I learn something new - how to analyze a deal, how the cash flows for every event that happens in your life, etc. I immediately played the game with my family and friends. So when I got back from my 6-month stint in the US, I didn’t hesitate to buy the game and bring it home with me to the Philippines. When I went to the US a year after, buying a Cashflow 101 board game for myself was one of my main goals. It was a real learning experience, realizing that there’s a different world of money out there I’ve never recognized before. I enjoyed the game so much I played again (and paid another PhP 800).
Even though the price is quite expensive (at that time) at PhP 800 for a 4-hr workshop, I grabbed the opportunity right away. One day, while reading through the Entreprenuer’s forum, I learned that someone is holding cashflow 101 games at AIM Makati City. And being a struggling employee facing credit card debts, I didn’t have that amount of money then. The only problem - the boardgame costs quite a bit, around PhP 10,000. Ever since reading the book and finding out about the boardgame, I had a yearning to play Casflow 101. I first learned about the Cashflow 101 boardgame around 2005 when I read Rich Dad Poor Dad book of Robert Kiyosaki. A couple of weeks ago, my wife and I played Cashflow 101 game board as a special bonus to the first 10 who bought my ebook guide Rich Money Habits – 8 Ways To Shift Your Money Habits and Be Rich. I was excited because I haven’t done anything like this before in my life.
0 kommentar(er)
