Which Of The Following Tips Can Hurt Your Cash Flow 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 game 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 pay attention.

1. Don’t cheat. The purpose of Cashflow 101 is for you to learn, 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 in 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 professionals.

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 than with family and friends who play with you because no one else would. Some action is better than none, but even better is someone motivated to take action for their own personal reasons.

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

5. Explore your options. Don’t let a lack of cash keep you out of great deals. There are other people in the game who may be interested in offers that only you have access too.

6. Learn to share. Equity deals – split the cost and return if you feel the risk of borrowing money is too great.

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

8. Have a backup in your calculator. Yes, you may know your numbers pretty well, but it won’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 could be some loopholes. But instead of using loopholes, make a contract that at least two parties can agree to, and it’s a win-win situation. Don’t see the absence of rules as an obstacle, but as an opportunity.

For the advanced player:

10. Play for real. Change the job cards to real jobs that some of the members of your Cashflow circle have 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 found yourself in or might find yourself in. Example: Market card – lose all assets due to litigation; Doodad – Buy a new computer for $1000 monthly costs increase by $150; Small Business – Buy shares in a small cap company (market card can quadruple your money or lose your entire investment); etc.

12. Teach and learn. There is always some area where you will be better than others – why not teach them how they can become better at it. Give and receive. Allow others to coach you in areas where they are more skilled than you.

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