- #Cashflow 101 game online how to#
- #Cashflow 101 game online professional#
- #Cashflow 101 game online free#
#Cashflow 101 game online how to#
There are commonly question ask about how to apply the Cashflow101 to real life: As long as he make, he will disciplinarily out, and he mean it.
#Cashflow 101 game online professional#
That's true to the real stock market, nobody know when is the peak, so before buying the stock, a professional already have in mind when he want his money out. and move his/her money as fast as possible. The moral of the story is, instead of waiting the highest price, a professional set exit strategy on when he/she is getting out of it. Soon after she sold off her MYT4U, she manage to get into another OK4U at $10, by buying 60,000 units and she sold at $50, and got how much? yes, it's $3 million. "How.?" you may ask.įor those who might not know, it's because Betty got to sell her MYT 4U at $20, and she got $600,000. But then, by now, Betty already have millions. Betty is able to buy 30,000 unit at $1, while Danny is still awaiting for his OK4U $40 to comes.Īfter a few more rounds, Danny finally got to sell his OK4U at $50, and he got $50,000 in cash. Immediate after the Betty's turn, another stock card MYT4U $1 is out. So she gets $30,000, while Danny is still holding the stock. So there's another lady, I called her Betty, she also bought at $5 X 1,000 unit, and she choose to sell at $30. I asked him why, he told me that he's waiting the stock to the peak of S$40, as indicated in the card: Trading range: $5 to $40. When I announce to everyone that according to the card, everyone who hold this stock may sell now. Recently I'd observed the players at Cashflow101 game I facilitated, which I found different characters of stock traders.ġ of them, I called him Danny, buy at a low price of $5 OK4U stocks at 1,000 unit in Cashflow101, after a few turns, some other players flip a $30 OK4U card. Rich Dad Asia philosophy is to train a person to be RICH achieving financial freedom,not to be POOR achieving financial freedom. So for those who are so excited to be out of rat race in less than how many turns, PLEASE TAKE THIS CHALLENGE TO CLEAR YOUR LIABILITES. However, they all shut up when Richĭad Asia prove to them it's how easy to make it. When this rules (created by Rich Dad Asia) was introduced to US, a lot of people make a lot of noices, complaining it's too hard. That's the reason why a lot of people end up bankrupt. If the market value is lower than the amount owing to bank, and in most of the case it does, when the market crisis the owner will have to pay the shortfall. When the property is foreclosed in Singapore, the bank will immediate sell the property according to the market value. However, in most of the Asian countries, especially Singapore, it's not end when the property is foreclosed. In US, upon the time when a property is foreclosed, the owner would not have to pay the short fall if the property's market value is not worth the amount owing to the bank. They end up have to declare bankrupt, carry with millions of debts. They then can't afford to pay up the mortgage payment and the properties was foreclosed by the back.
The market value of most of their properties sunk below the loan they had with the bank. Before 1998, there are a lot of millionaires who find their properties, assets
We have to recall the last economic crisis back in 1998. Someone ever asked me: "Why do you want to pay off ALL LIABILITIES before getting out of rat race in Cashflow101? The original Cashflow101 rules doesn't required that!" Visit Rich Dad Asia to find out the Secrets of the Rich. You can choose to keep the club informal, or set up a more formal structure with a committee and paid membership.
Usually a sufficient number of members will have their own Cashflow® games so there'll be enough per meeting to accommodate the attending players. Players can contribute a small sum to cover the costs of the venue and tea or coffee.
#Cashflow 101 game online free#
As the club grows, find a suitable regular venue and continue placing your free monthly ads in the paper. But eventually you'll want to buy your own game. If all the interested parties agree, you can purchase your first Cashflow® 101 game jointly. You need 4-6 players per game, so you can start with a very small group. You can offer your house as a first-time venue, or book a meeting room at your local library. Community announcements are usually free. If there isn't a Cashflow® 101 club in your area, it's a fairly simple process to start one. If you're in Asia, you may do it through Rich Dad Asia. So I extracted from one of the source which I think is well-written:įind a Cashflow 101 club around your area, you can do it through Rich Dad's Community. Many people asked me to talk about how to start a Cashflow 101 Game, eventhough it can be found throughout the Internet.
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