When you play Cashflow 101 for the primary time, the sport might sound troublesome to understand particularly in case you are intimidated by numbers and you haven’t any background in enterprise math.
Don’t let that cease you although as a result of Cashflow 101 is without doubt one of the finest instruments for studying about cash enterprise, investing and accounting.
Here are some “cheats” to allow you to play Cashflow 101 with confidence. These cheats are merely gameplay recommendation so they’re completely authorized to make use of within the recreation.
- When you draw a $1 or $5 inventory, purchase as a lot as you may. In truth go forward and spend all of your money on that inventory. When the identical inventory comes up at $20, $30 or much more, promote instantly for an enormous windfall. You may also strive borrowing from the financial institution to purchase as a lot of the inventory as doable. This is a no-lose proposition as a result of the inventory will not go to 0 while you play Cashflow 101. You cannot do that in Cashflow 202.
- Buy all the homes below small offers even when it exhibits damaging cashflow and even when one other participant drew the cardboard. Negotiate. Don’t fear, you are not supposed to maintain it anyway. You will promote all of your homes anyway when the market turns up a home purchaser.
- Don’t trouble shopping for the condos. Sure you would possibly get some $5,000 or $10,000 on a deal however you may get a lot extra in different offers as you play Cashflow 101.
- Don’t trouble shopping for Certificates of Deposit or Preferred Stocks until you have got $2,000,000 money or extra. If you do have that purchase as many items as you may. You ought to be out of the rat race.
- Buy all startup-business offers and uncooked land on the market. They carry big rewards afterward as you play Cashflow 101 longer.
- Continue to simply draw small offers so long as you solely have lower than $200,000 {dollars}. When you get greater than that, begin drawing massive offers. You ought to have the ability to purchase any massive deal that comes up.
- When you play Cashflow 101, be taught to repay your liabilities. When you do, erase the corresponding expense. This ought to decrease your bills, enhance your month-to-month cashflow and help you get out of the rat race sooner.
Play Cashflow 101 extra typically and you’ll change into richer after each recreation. Robert Kiyosaki really created a winner on this recreation.
