- Earned This is your full time 9 to 5 job
- Liabilities – This is from investments like rental properties or small businesses.
- Portfolio: These are investments in paper assets, such as stocks and options.
In school we all learned how to do the number 1. In Cashflow 101 you learn how to do the numbers 2 and 3. One of the main goals of the game is to get out of the rat race by creating enough passive income to exceed your monthly expenses. . This is called being “financially independent.”
In Cashflow 101, you’ll learn how to build passive income by investing in rental properties and small businesses. Here you earn extra money that is added to your monthly income earned from your occupation. By investing in more and more cash-generating assets, you can finally get out of the rat race and onto the fast track.
To achieve some of the real estate or business opportunities, you may need to generate some income through your portfolio. At Cashflow 101 you can invest in certain stocks and learn the best times to buy and sell them. This is known as a fundamental investment. In Cashflow 202, you will learn how to make “technical investments” through options such as “calls” and “puts”.
To do this effectively, you must learn to maintain a financial statement. Cashflow 101 teaches you how to set one up and how to maintain it. This is your ongoing life report card, rating you on how well you’re living.
What you ultimately learn is how you treat money. Many times people reflect their bad habits in this game. See who is making money and getting out of the rat race and who is still stuck.
As long as you approach the game with an open mind, you will learn to control your money habits. You will also learn to identify business or investment opportunities.
It will take you a few games to get the concept of the game. No one learned to ride a bike just by reading about it. It took you a couple of falls before you really got it, remember? According to Robert Kiyosaki, it will take you twice as long to learn the rules and strategies. After that, your learning and fun level will continue to increase!
The next step is to get out there and apply the principles you’ll learn! You only live once, and who says it has to be for work? The opportunities that are available to get ahead are endless! Playing the Cashflow game will change your life! It all depends on what you will do with your new found knowledge.
For your success!