feedburner
Enter your email address:

Delivered by FeedBurner

feedburner count
Jan Hilado with Bo SanchezBo Sanchez presents the CEBU INTERNET MARKETING WORKSHOP (Hands-on training on how to Make Money Online)
For more details of the workshop, CLICK HERE!

TREND WATCHES FOR MILLIONAIRES

MY CASHFLOW 101 EXPERIENCE

Labels: , ,

Okay! CASHFLOW 101! Well, CASHFLOW 101 is a board game wherein before the game starts, one has to choose his or her own job. Each job has its own strengths and weaknesses. If your going to be a Doctor, you'll have a very high income, too bad, you too have very high tax and expenses! If you're going to be a Janitor, you'll have a very low income, but low expenses and tax to ba paid too! So it it doesn't really mean that because you're only a janitor, you don't have the chance to get rich! TO be honest, most of the players who got out of the "Rat Race" where people who have low jobs! The goal of the game is to get out of the "Rat race" as possible. The rat race is a term often used to describe work, particularly excessive work; in general terms, if one works too much, one is in the rat race. This terminology contains implications that many people see work as a seemingly endless pursuit with little reward or purpose. Not all workers feel like this. It is the perceived Conventional Wisdom, for example, that those who work for themselves are generally happier at work.

Cashflow 101 is an educational tool in board game format designed by Robert Kiyosaki (author of Rich Dad, Poor Dad), which aims to teach the players concepts of investing by having their money work for them in a risk free setting (play money) while simultaneously increasing their financial literacy and stressing the imperative nature of accountability.

There are two stages to the game. In the first, "the rat race", the player aims to raise his or her character's passive income level to where it exceeds the character's expenses. The winner is determined in the second stage, "the fast track". To win, a player must get his or her character to buy their "dream" or accumulate an additional $50,000 in monthly cash flow.

In place of “score cards”, there are financial statements. The game requires the players to fill out their own financial statements so that they can see more clearly what is happening with their money. It generally shows how assets generate income and demonstrates that liabilities and 'doodads' are expenses.

This is game is very great. It's a great way to know if you have the talent in investing or not, before you even had to have a "REAL INVESTMENT"

I just didn't win the game though! It was kinda foolish! The other playes weren't following the rules and as a 17 yr old guy, I couldn't just tell them that! Honestly, I think I was the only one who's playing the game right. heheh! Well, fellow Young Millionaires or soon to be millionaires, this game is a must!

1 comments:
gravatar
Gem said...
March 13, 2009 at 6:15 AM  

I have not tried playing with the cashflow game myself, but I have heard lots of good feedback about it - the most common one is that they had learned how to play the game of managing finances and earning passively.

I guess you have to play the game again and learn from it.

Post a Comment

Blog Directories

SubmitLinksFree.com - the high quality Links Directory for webmasters.
Submit Articles for Free
Authors can submit copyright free articles and enjoy the many benefits provided by ArticleGeek.com. Blog Directory - Directory, reviews and more. Your one-stop blog spot! Add Your Blog.com Search Engine Optimization and SEO Tools Enai10 Directory FreeLinkSubmit High Pagerank Google PR Link Directory - Transops.Net Submit Link to Allinks Directory - Friendly quality web links directory. Web sites organized by category. Links exchange. SubmitLinksFree.com - the high quality Links Directory for webmasters.
pinoytopsites.net
blogarama - the blog directory Blog Directory Blog Directory & Search engine blog search directory Academics blogs Academics Blogs Pinoy-Blogs.com Blog Flux Directory Top Academics blogs Business Blogs TopOfBlogs Marketing Blogs - BlogCatalog Blog Directory