The Fast Track is that larger rectangular path on the board. Into the Fast Track, which has a 100x game mechanic to launch you into deals in the hundred-thousand dollar range, the deals are bigger, and your overall goal is to get your additional cashflow from cash-generating assets to over $50K/month. Those assets generated my passive income. As shown above, I was able to do this by buying and selling my way up to a 24 unit apartment building, a 3/2 rental house, and a 4 plex. This particular part of the game seems painfully real, as it took me quite a while of die rolling and accepting/rejecting investment opportunities to pull it off. So in the financial statement above, I am generating $3800 in passive income that will pay for my $3710 of total monthly expenses. I "get out of the rat race" by getting my monthly "passive income" to be larger than my "total expenses". After 2 solid hours, I've grinded my way out of the Rate Race circle and finally make it into the Fast Track. That is a monthly cycle of generating your work income, paying the bills, while carving off some savings into a pile that you can use to invest in cash-generating assets. I spend two hours in the Rat Race circle on the board. I start out with no assets and a standard stack of common liabilities - mortgage, loans, etc. Shown here are my financial statements (in their final form at the end of the game): The game has example financial data for Doctors, Teachers, Mechanics, etc., so you don't have to make that stuff up. Anyhow, I copy the financial data from the generic Engineer's card to my own paper copy of a financial statement template. My lack of imagination is not what is wrong here. Hey, I'm playing an educational board game at 8:45 on a Wednesday night. I picked the "starter financial statement" of a generic Engineer, because I'm an Engineer.
#How to play cashflow 101 online how to
The game teaches you how to understand your own personal financial statements (yes, just like underwear we all have them. Or you can reinvest your hard earned dollars into cash-generating assets, like rental houses. You can either grind your way through life like most of us do hoping your savings will be enough to cover your retirement when you get old. So, the premise of the game is that you start out in some "rat race" job. But in case you are personally interested in investing in your financial education, this write-up can be a data point for you. (Wait - that sounds boring!) I mean, I will tell you how I became a millionaire in only 2.5 hours! It's super late, so I won't be too detail oriented tonight. This story is about my first experience playing this wonderful, financial education board game.
However tonight, in "monopoly money" I did become one. Today I just finished " The Cashflow Quadrant" and decided to have my first go at the " Cashflow 101" board game also produced by Robert Kiyosaki's company.
#How to play cashflow 101 online series
I've been reading Rich Dad's book series on and off now for a year or two.
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