CashFlow101

What is it ?  It is a board game from Robert Kiyosaki’s group. 

Why play it ?  It sets the basis for how to get out of the rat race.  Since I invest only in real estate and my business growth, I only use the real estate cards to “get out” of the rat race.

REI Strategies:

The best part about the game is that you can fail playing a game.  I even play by myself sometimes.  Pathetic…I know.

Anyway, you can try different methods:  You can focus on aquiring rentals first and see how long it takes you.  You can focus on flipping your properties and see how quickly that affects your exit.  You can merge the two.  Flip for cash and keep some for rentals (i.e. cashflow, etc)

This is the reason my website is CASHFLOWdotcom.com.  You can flip all you want, but until you transfer those profits, or pickup cashflowing deals along the way, you are technically still in the rat race.  You can not live off your cashflow from your assets.

I live at a multiunit property paying less than $250/month to live in my own single family home.  The benefits of having tenants pay your mortgage are tremendous.

The great thing about cashflow 101 is that it helps train your mind as to how things you do/buy will impact you financially.  This is an item that most school systems are missing out on training our students for.  We are raising a bunch of “dump your money into 401k” kids.  Don’t get me wrong: that is better than nothing…I guess. 

Note: Cashflow 101 is trademarked and owned by the Richdad company.  Just want to throw that disclaimer in there.

Happy Investing, Your Friend and Mentor,

Brandon Yeager

Filed under: Beginner

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