Playing Cashflow–Lessons Learned–Game 2

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Here’s the outcome of the second Cashflow game I played. I lost, but I learned valuable lessons that will help me as well as you get out of the rat race faster the next time.

 

Game Two (Using the electronic version with 2 computer opponents)             [easyazon_image add_to_cart=”default” align=”right” asin=”B0002R5IKI” cloaking=”default” height=”160″ localization=”default” locale=”US” nofollow=”default” new_window=”default” src=”https://ecx.images-amazon.com/images/I/51DNRzrEZmL._SL160_.jpg” tag=”earweaforyouf-20″ width=”160″]

My Occupation: Firefighter

Opponents’ Professions: Teacher and Doctor

Winner:  1st place:Doctor (she was able to meet her passive income goal)

2nd place: Firefighter (me)

3rd place: Teacher

Lessons Learned–Why I Lost

Even though I was the first to get out of the rat race (it took me only 45 minutes to do so) I ran into some setbacks that cost me.

  1. The roll of the dice made me overshoot my dream; therefore, I was unable to purchase my dream despite having more than enough money to do so. In real life, sometimes it just comes down to a matter of timing (a roll of the dice) whether or not you are presented with a great opportunity.
  2. In fact, this roll of the dice made me land on “divorce” and I lost all my cash.
  3. I could not recover in time before the doctor was able to spend $300,000 to strike it rich on the Russian Oil Deal.

    Russian Oil Deal

    Would you take a chance on this?

  4. Basically, the doctor gambled and got lucky (she rolled higher than 4 on one die) which gave her $75,000/month in passive income. That made her meet her passive income goal to win the game.
  5. In retrospect, the doctor gambled (took a chance) on an opportunity and it paid off. How many times have you “gambled” on something and it either works out or doesn’t? Either way, it’s a 50/50 chance. This is a prime example of how life in general can be.

Even though I lost this game, I am proud of the fact that I played much better this time than in Game One. I was better able to spot good deals and take advantage of them. I also lowered my expenses by paying off bad debt whenever I had the chance. This has contributed to me getting out of the rat race quickly–in  just 45 minutes. I have played games in the past where it has taken me an hour (or more) to accomplish this. I will challenge myself to see if I can get out of the rat race again in less than 45 minutes. If I can do this consistently, then I will say that my financial IQ has increased.

Until the next time,

Deidre

 

 

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