The Benefits To Playing Cashflow 101
[ad_1]
- Earned This is your full time 9 – 5 job
- Passive – This is from investments like rental properties or small businesses
- Portfolio – This is from paper asset investments like stocks and options.
In school we all learned how to do number 1. In Cashflow 101 you learn how to do numbers 2 and 3. One of the main goals of the game is to get out of the Rat Race by creating enough passive income that exceeds your monthly expenses. This is called being “financially independent.”
In Cashflow 101, you learn how to create passive income by investing in rental properties and small businesses. Here you earn extra money that is added to your monthly earned income from your occupation. By investing in more and more cash creating assets you ultimately can bring yourself out of the Rat Race on to the Fast Track.
In order to achieve some of the real estate or business opportunities, you may need to create some income via your portfolio. In Cashflow 101 you can invest in certain stocks and you learn when best times to buy them and sell them. This is known as fundamental investing. In Cashflow 202 you learn how to do “technical investing” through options such as “calls” and “puts”.
In order to do these effectively, you must learn how to maintain a financial statement. Cashflow 101 teaches you how to set one up and how to maintain it. This is your on going life report card, grading you on how well you are living.
What you ultimately learn is how you treat money. Often times people reflect their bad habits in this game. Observe who is making money and on their way out of the Rat Race and who still stuck.
As long as you approach the game with an open mind, you will learn how to control your money habits. You will also learn how to identify business or investment opportunities.
It will take you a few games to get the concept of the game. No one ever learned to ride a bike by just reading about it. It took you a couple falls before you really got it, remember? According to Robert Kiyosaki it will take you two times to learn the rules and strategies. After that your learning and the level of fun will continue to increase!
The next step is to go out there and apply the principles you will learn! You only live once, and who says it has to be for work? The opportunities that are available to you to get ahead are endless! Playing the game Cashflow, will change your life! It all depends what you will do with your new found knowledge.
To your success!
[ad_2]
Source by Eric Sarmiento