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Money Lessons From Cashflow 101
 
I started playing Cashflow 101 board game two many years ago. The board game was invented by Robert Kiyosaki, the best-selling author of Rich Dad Poor Dad, to increase your financial intelligence.

The board game looks easy and similar to Monopoly board game.

I was looking forward to playing Cashflow 101 whenever there is a chance. And each instant I played the game, I learned different lessons.

Although its only a board game but its very closely linked to your financial life. The game reflects the players personalities and the way the player handles money.

The first objective of the game is for you to get out of rat race and move onto financial fast track. Next objective is for you to achieve your dream while youre on financial fast track.

But before you talk about financial fast track, how do you get out of rat race first?

To get out of rat race, you must have equal or more passive income than your monthly expenses.

In other words, your passive income must be enough to cover your monthly expenses before you might move onto financial fast track.

Like people else, you have your own profession. You have a job and you receive paycheck at a fixed instant interval. Its what you do differently that determines how fast you get out of rat race.

But how do you accumulate enough passive income to get out from rat race?

There are only two ways to achieve this: buying rental property and owning businesses.

As in real life, you are presented with many opportunities to contruct money during the game. You build decisions whether to invest your hard earned funds in opportunities presented to you.

You evaluate the opportunities based on sell conditions at the moment. Youll never know whether your investments are grand or bad.

Some everybody get very excited when they get doodads. But buying doodads will not help you to get out of rat race.

So to get out of rat race, the trick is to accumulate as many assets as possible by investing in money opportunities that appear around you.

By playing this game, you know very clearly what asset is and what liability is. Once you know the difference, you focus on accumulating assets rather than liabilities.

The feeling is sizeably workable when you are able to get out of rat race and move onto financial fast track. No words may describe my feelings when I first got out of rat race.

Why?

When youre on financial fast track, funds is no problem as it will come regardless of whether you work or not. You do not depend on a job to receive your money anymore. You are totally free of price to do what you love.

When you play this game, you are able to see all sorts of people characters. Some are very conservative with money, some are risk takers, some feel very upset when they lose they turn, and so forth.

The other benefit of playing this game is you understand your emotional part of how you perceive funds . At the finish of the day, you know yourself better and you can get rid of mental barriers that are holding you back from achieving financial success.

To be honest, I didnt understand that I could learn so much from playing a board game which looked so simple!

If you are interested to find out more about the game, or look for game partners near you, I encourage you to participate in Cashflow 101 Discussion Forum at RichDad.com at http://www.financiallyrich.com/richdad.asp

 

 

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