How to Escape The Rat Race: The Cash Flow Game
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- เผยแพร่เมื่อ 4 ต.ค. 2024
- Link to play free online cash flow game:
www.richdad.co...
Have you played the cashflow game by Mr Robert Kiyosaki?
If not, do check this out! If you have, do share with us what are the key learning points and tricks that you apply?
The cash flow game is built on the lessons taught in the book "Rich Dad Poor Dad". To win the game, we must escape from the rat race (the 9 - 5 job).
Hope you enjoy the video and don't forget to leave a comment =)
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Thank you so much, I stumbled on your page today and thanks to your great teaching I got out of the rat race twice and went on to play the fast track twice and won both times..now I need to transfer the skills learned here to the real life. I will play once a week. See you on the Fast Track...somewhere in the world🤩
Glad to hear that from you. There are always good learning points from the game. All the best to you!
Very useful video, thanks. Not only for learning how to play the Cashflow game, but the way you explained the strategy to exit the rat race can be applied to real life too.
Thank you for your kind words!
This game is eye opening for myself when I first played. Let us know if you are keen to play together online sometimes!
@@AxeandYung Thanks, I will let you know. I know the game is a little bit simplistic compared to real life in some ways (I mean there are a lot of legalities to property investing, for example), but the general principle it teaches is there: how to exit the rat race by making passive income equal to or greater than your living expenses. Now I just need to achieve it in real life.
While this is a game for learning, good that we get the point. In real life, there could be many more ways to earn passive income, or doing business with scalability potential which can also be quite passive.
Hope you are going to achieve your goal in life 😀
Thanks so much for sharing. This is definitely helping my friends and I get out of the rat race, both the game, and in real life. We even started a small community to help each other practice and really study and live out different strategies.
That's awesome and I believe Necessary to grow quickly 👍
I would like to thank you for sharing this video! I have learned so much and looking forward to play this game with my friends. May you have a beautiful day!
Glad that you like the video.
Hope you have a fun time playing with friends. Do subscribe to our channel, and I may be doing some live stream of this game, it is just interesting to find ways to win the game 😀
Great game, I have just brought a real life cashflow board game. I must watch this over and over again to help me know how to play the real game. I still need to figure out what happens in the real board game when one reaches the fast track
You must be passionate in playing this, and it is addictive. How is it the real board game compared to the online version?
Thanks for showing what the game is :) pretty sure I'll do the opposite in real life which keeps me in the rat race. Hmmm seems simple but hard at same time
Having awareness is the first step to get out of it. Then we will be more aware on how we spend and invest 😉 To apply in real life really need so much discipline, hang in there
@@AxeandYung so true
Thank you. Very well explained
Thanks Patrick.
Have you started playing this game?
I wish that kind of deal opportunity comes easy just like in this game hahaha
Everyone wish so. The truth is it is a
combination of luck and preparation, what we can do is consistently control budget and make quick decision when opportunity strikes.
All the best to you and to us 🤗
The deals are out there. You just have know where to look for them. Or have contacts with people (real estate agents etc) who will notify you of potential deals.
thank you very much, this was very helpful.
Good to hear, this is motivating! Please subscribe to support us
Thank you very well explained and thank you for sharing! :-)
You're very welcome!
Got lucky on small opportunity where a stock sold for a dollar and dumped all my money into it, then sold them all for 40 each lol
That is a great opportunity! I also tried buying with loans when the stock is sold for just a dollar, it is very lucky. In real life, it could be hard to spot the range
It doesn't make sense, when you buy a home you only pay the down payments, why? in the game you never pay the full price of the home, your basically buying a home for 5 grand and then you get the tenants money without even paying the full price of the house
Hey Andres, thanks for your comment. Well observation.
The cash flow game is designed in a way that we only pay the downpayment, which is like in most countries, and then we will pay for the monthly mortgage to the bank, which can be seen in the liabilities and expenses in the financial statement. We are not required to pay the full payment as we are assumed to borrow from the bank. Hope this is clear.
Are you playing this game online?
There is a flaw that do not consider what if your rental property is empty for a period of time or the tenant made a mess that cost more than his deposit.
Totally agree. This is a simulation game, focusing in the concept of passive income. Of course in reality, there could be many changes and challenges like what you said.
I am grateful so far have not met any bad tenants
once I rolled the dice in the game and was at a loss after a tenant messed up my building, so there's that in the game, too
Hmm. probably there are expected cash outflow that force you to take a loan out?
Sometimes rainy days and worse when we have little cash on hand, this is similar to life.
By the way we are thinking to start play this cashflow game live every week
Fun game but definitely not based on reality. When you buy a home you need good credit and a house that's rented out you will realize most of the money is going toward maintenance and up keep for the tenants than the income you get lol. Also a house for 45,000 is more likely a house that will need work. Tenants or no tenants. If life was as easy as this game we probably wouldn't be playing it 😂. Lol
I agree. A game is just for stimulation. In reality comes the property law and tax, especially in Singapore you know how uneasy it could be. I also did share about the reality of renting out a unit, facing the issue of increased maintenance fee and the current cold market 😅 Anyway we still believe in investment and planning works. Do share your ideas with us too.
@@AxeandYung yes invest definitely still works but unless you have millions of dollars you walking in a land mine when you are investing in real estate using debt and other people's money. I would personally make a business first before buying real estate .
I went bankrupt in the game
Maybe can give it a try.
Try not to overburden with too much debts.
Your contract pliz
contract?