Cash Flow Is Money Coming In And Money Going Out 12 Tips For Getting The Most Value From The Cashflow 101 Game

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12 Tips For Getting The Most Value From The Cashflow 101 Game

Robert Kiyosaki’s Cashflow 101 is a great learning tool. The following tips have been compiled so that you can get the most value out of the game. These tips apply to real life as well, so brace yourselves.

1. Don’t cheat. Cashflow 101 is all about learning, so if you cheat, learn to cheat. Why make money illegally when it’s so easy to do it legally?

2. Read the rules. In particular, you should read the three-hour millionaire article at the back of the Cashflow 101 rulebook. Also, check out Robert Kiyosaki’s Hot Tips page that comes with the game. Get to know the legal side of things and listen to the advice of experts.

3. Find students to play with. Find people who want to learn more about investing and play money. It’s completely different to play with people with the same money and financial interests as family and friends who play with you because no one else would. Some action is better than none, and it’s even better if someone is motivated to act for their own personal reasons.

4. Know that another deal will always come along. If you’re not interested in a deal right now, know that the next deal is decades around the corner (or the next card in the deck).

5. Explore your options. Don’t let a lack of cash keep you from getting great deals. There are other people in the game who might be interested in the offers you have access to.

6. Learn to share. Stock trades – split the cost and return if you think the risk of borrowing money is too great.

7. Understand the power of leverage. If that $1 deal comes up and you don’t have the money, borrow if you have to, but take it. This is just one example of how you can leverage bank money for extraordinary returns.

8. Have a backup in your calculator. Yes, you may know your totals pretty well, but it doesn’t hurt to have a calculator handy to estimate how long it will take you to get out of the rat race.

9. Understand the potential for gray areas in the rules. Yes, rules and laws do not cover everything, so there may be some gaps. But instead of using loopholes, make a contract that at least two parties can agree to and that is beneficial to both. Don’t see the absence of rules as an obstacle, see it as an opportunity.

For the advanced player:

10. Play it real. Change the job cards to actual jobs held by some members of your Cashflow circle and see how different people would get out of your financial situation. Example: Job Title – Store Cashier, Salary $1500, Taxes $300, Monthly Cash Flow $150, etc.

11. Play for real II. Change the Big Deal, Small Deal, Doodad, and Market cards to reflect situations you’ve personally been in or might land yourself in. Example: Market card – Lose all funds due to legal action; Doodad – Buy a new computer for $1000, the monthly cost increases by $150; Small business – buy shares of a company with a small capitalization (market card can quadruple your money or lose your entire investment); etc.

12. Study and learn. There is always an area where you will be better than others – why not teach them how they can be better. Give and then receive. Allow others to teach you in areas where they are more skilled than you.

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