Lessons I Learned from Playing Cashflow

Share

 

 

[easyazon_link asin=”B0002R5IKI” locale=”US” new_window=”default” nofollow=”default” tag=”earweaforyouf-20″ add_to_cart=”default” cloaking=”default” localization=”default” popups=”default”]CASHFLOW 101[/easyazon_link]

If you are wondering what it’s like playing Robert Kiyosaki’s Cashflow game, I thought I would give you a taste by describing the outcome of each game I play against computer opponents. I have to tell you that sometimes (or OK several times, lol) the computer opponents have beaten me.  It’s not something that I’m particularly proud of, but it just proves that I have to get better by increasing my financial IQ. Even Robert says that “the more you play the game, the richer you’ll become”.  If you are playing Cashflow on a regular basis, I would like you to join me in discussing the following:

  1. how you like the game
  2. how often you play
  3. what are you learning from each game played
  4. anything else about Cashflow in general

 

 

My goal is to learn how to get out of the rat race (and stay out of it) by increasing my financial IQ. It is my hope that people will comment and provide feedback about their experiences as well.With feedback and dialogue, we can learn from and help each other. For more info about the game Cashflow, click here

Game One (Using the electronic version with 2 computer opponents)

My Occupation: Airline Pilot

Opponents’ Profession: Janitor and Police Officer

Winner:  1st place: Police Officer (he was able to get on the fast track and purchase his dream)

2nd place: Janitor

3rd place: Airline Pilot

Lessons Learned–Why I Lost

  1. I was hesitant to take out bank loans to purchase property that I knew were good deals
  2. Instead of focusing on buying properties with positive cash flow, I focused on trying to raise money by selling the opportunity to another player via auction or fixed price. I sold 3 opportunities to the airline pilot. In hindsight, I just helped him get out of the rat race faster instead of helping myself.
  3. Fear of being downsized and not being able to pay my expenses
  4. Did not recognize a good deal when I had the opportunity to buy it. For instance, I sold the following card to the police officer:

Good Deal or Bad Deal?

I sold this deal to my opponent because even though the down payment was $0, the cashflow was -$100. At the time I thought that this was a disadvantage because the negative cashflow was taking money out of my pocket. However, my opponent thought that it was a great deal because he accepted my auction price of $800 for it. Less than 10 minutes later, he was able to sell it via a market card for $135,000. The remaining money after the mortgage was paid off enabled him to purchase a big deal and thus enter the fast track.

After the game was over, I realized that both of my opponents used the same strategy: buy property using bank loans and then trading them in when an opportunity arose in the market to sell. The entire game took 25 minutes from start to finish. My goal is to be able to get out of the rat race and get on the fast track to win the game in a short space of time.

I welcome any comments, suggestions, or questions in regards to playing the Cashflow game. Remember Robert’s quote,”The more you play this game, the richer you become”.

Wishing you success,

Deidre

 

 

Share

4 thoughts on “Lessons I Learned from Playing Cashflow

  1. Hey Deidre

    I love this game………now. The first time I played it I hated it. I couldn’t believe what was happening; I thought I knew a bit about money, having majored in finance and economics at university. I got slammed. The ideas in this game are not taught at the highest levels of education. Makes you wonder???

    Warm regards
    Rohan

    • Deidre says:

      Hi Rohan,
      When I played the game for the first time, I didn’t hate it per se, but I wasn’t happy that the game took so long
      to finish. In fact, it was a humbling experience for me in that I never got out of the rat race. Therefore, I completely understand how you felt after your first time playing. Losing that game made me want to play it again; I was motivated to try and win. The next time you play Cashflow, I would like you to comment on the outcome. Have a great day,
      Deidre

Leave a Reply

Your email address will not be published. Required fields are marked *

*

This site uses Akismet to reduce spam. Learn how your comment data is processed.