That means you’ll want to talk to likeminded individuals who have deals (bird dogs and wholesalers), may be in a tough spot and need to sell a property (sellers), people looking to purchase properties to fix and flip or rent out (buyers), and those who want to participate in any number of ways by letting you use their money in your deals (investors.)
#Play cashflow 101 game online how to
All of these opportunities exist once you know how to find them. In the game there are multi-level marketing cards, deal purchase cards for all types of properties, market opportunities where you can sell properties and make a profit, and more. (That’s what you want to be, right?) And this is exactly what happens in real-life investing. This helps you build a team mindset, which is critical to you as an entrepreneur. The small ones are starter deals that people typically do on their own, but once you draw a big deal… you need help from other players.) Unless you have amassed a whole bunch of money, you likely can’t do a big deal on your own. (There are small deals and big deals in this game. That’s when they figure out that what they are learning on the board actually applies to real life.įor instance, it can more beneficial to work WITH other players in your deals, especially the big deals. It’s fun to watch the AHA! moment happen when people are playing the game their first or second time. What happens on the board can happen in life! How will you know if you’ve reached that goal if you don’t keep accurate track of your investments and money? To get out of the Rat Race (which is a big circle in the middle of the board) your passive income needs to exceed your expenses. I’m hoping they take their new skills into their real lives, too. If they choose to take my suggestions they tend to do better in the game.
When I host games I like to watch people and how they make decisions… and how they keep their “books.” That way I can help them pinpoint problem areas. The great thing is that bad habits can be broken and by playing the game and getting good with the math there can translate to how you keep your finances at home and in your business! How you keep track of your finances in the game reflects how you keep your finances in real life. You don’t get a choice but to pay to have these things fixed, but they’re still expenses that put a dent in your earnings. (The older version of the game uses play money the newer version has dispensed with the paper money and you keep a “checkbook” to track your money, which is more realistic.)ĭoodad cards also include things like broken water heaters and flooding in your properties. In the game the doodads are chosen for you and you deduct the amounts from your checkbook. Doodads are like those things in life we don’t necessarily need but spend money on anyway to give us the feel-good. There are doodad cards that you’re going pull from time to time. You keep track of your paychecks and passive income that is generated from the properties you buy and/or invest in with other players. You keep track of your profits and losses. There is an income and expenses sheet where you have to keep up with your earnings and expenses accrued while playing the game. It helps you to use a part of your brain that may not get used too often… unless you happen to be an accountant or run all the finances in your business I bet you’re suddenly more interested in attending a game now, huh? That led to even more business for her with that same client, and she reports being really happy that she attended that particular Cashflow game! (By the way, that chance encounter has amassed this woman about $200,000 thus far.) Oh, and she met investors at other games who have invested in her real estate deals. Guess where she landed one of her biggest book-writing gigs? At a Cashflow game where she met a guy who knew a guy who needed a book written. For example, I know a talented ghostwriter. That holds true even if it’s not real estate investing. Or maybe they’ll know someone who needs your services. Maybe you’ll end up working with them in their deals maybe they will end up working with you in yours. You meet other people at the game who already invest, and you meet people who can facilitate deals. Just think what could happen if you’ve been looking to invest in real estate but don’t really know how to do it.
You’ll share about your interests and goals. A certain magic happens when you get together with a small group of likeminded individuals who are there to boost their financial IQ skills.Īs some point early in the game you will introduce yourself and tell the other players what you do for a living. This is true no matter what you’re doing in business and life. It is on of THE BEST networking tools around
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