Can you or your children play the cashflow game

Can you or your children play the cashflow game.

Can you or the family play the cashflow game originally created by “Rich Dad Poor Dad’ i.e. Robert Kiyosaki. It certainly is very relevant to anyone wishing to escape the ‘rat race’.

In fact ‘escaping the rat race’ is the objective of the game.
Hence as we commented when teaching the quadratic formula ‘nothing is as practical as a good theory’.

We read that the regulator has created a site with 26 ‘tools’ to help with the ‘National Financial Literacy Strategy’. Of course this won’t be advice as only advisers can give advice & who wants to give you advice. Remember the world’s oldest profession only gives ‘opinions’. Will this help you to ‘just do it’.

We will give you general advice now which is if you haven’t read ‘then Rich Dad Poor Dad’ do so today. Certainly when your children’s’ birthdays comes up we would strongly suggest buy them the book. If your son is engaged then buy the ‘bride’ the book. If you have read it then it is time to read it again. In fact we had Ashley who stated he didn’t put it down until he finished so it won’t take you long.

On reflection ‘MySchool’ should have a completed survey & statistics on who has read it. Maybe a copy should be delivered with the census papers shortly with a self assessment test included.

This is the general advice we have been giving since we first read the book 17 years ago. When you have finished that then our personal theme book also from Robert is his ‘The Cashflow Quadrant.’

Hence we are offering you and or your children the opportunity to play here The Cashflow 101 game created by Robert a decade ago. As above the objective of the game is to ‘escape the rat race’.
How do you know you have achieved this objective. The game is won by their definition when your passive income exceeds your expenses.

To quote Adrian who has also been running cashflow games.

‘You will experience the famous Cashflow 101 board game invented by Robert Kiyosaki, the NY Bestselling author of the Rich Dad series of books. Generate some financial insights that may be holding you back and get a money mindset shift.
CASHFLOW 101 is a simple yet profound educational board game that simulates real life financial strategies and situations. Similar to Monopoly, in this game where you buy property, shares and businesses. As a simulation, you learn valuable lessons and gain priceless insights into personal finance, business and investing without having to put your actual money at risk. This tool will transform the "money mind-set" of anyone who plays, whether they are new to financial information, or seasoned investors.

<Yes we did win at Adrian’s last event & our strategy was saving first, speculating on the share market & then purchasing a block of units which was according to the card ‘cashflow positive’. Our occupation card was a ‘nurse’.

As we were on the way to the game we spoke to Don who has apparently has saved his employer by his estimates 1.5m that a project manager would have charged. Don commented that where he has been working is under two body corporates. The shop & business body corporate has not enough funds in its ‘sinking fund’ to pay for the necessary work required after the flood.

The day before Tony who owns a bedroom unit in Spring Hill commented he had taken over as chairman of his body corporate. As that body corporate also had insufficient sinking funds then each unit owner is being asked to front up with 13,000 for each of the next 3 months. i.e. $39,000. As owners have complained Tony said ‘sell or go bankrupt’.

The cashflow game might suggest that then is the time for you to purchase as a distressed seller’.

The game might suggest that purchasing these ‘cashflow positive’ properties that we hear advertised today might be an error.
They are only cashflow positive as the governments are subsiding with about $110,000 over 10 years.
We wonder if in any projections by the developer there is any mention of ‘sinking funds’. Don suggested that many developments use a generalized sinking fund projection & not one for the specific block.
What does funding sinking funds do to your cashflow?

We will bet that there is no tool for sinking funds on the regulators site. How useful is that when a huge percentage have been attracted to cashflow negative property!

We also read this week that about a quarter of baby boomers aged 55 to 59 still have mortgages.
We find this amazing & wonder at the banks’ lending the money. The Banks must expect the mortgagees to work to they are 80.

Will the regulator look at the advice banks have provided to these boomers. Everyone seriously needs to look at their ‘mindset’ & their cashflow.

Enough!

We offer you and or your family the opportunity to learn to play the cashflow game.
Lets learn what Richard defines as an asset. Lets learn about building assets & improve your passive income.

We run games here every 3rd Saturday of the month from 9.30am until lunchtime.

You are welcome to call on 3848 1088, email us or book on our website. John McAuliffe