So you want to know more about Robert Kiyosaki's Cashflow 101 game? Well in
this video I'm gonna tell you more about the philosophy behind the game and give
you a live demo coming up! Hey there it's Billy with KeePon Cashflow helping you
to grow your money and your mindset so that you can get closer to the lifestyle
that you really want to lead faster now on this channel we'll be doing weekly
tips and strategy videos just like this so if it's your first time here you're
going to want to consider subscribing to the channel as well as making sure that
you check out the links and the comments in the section below now this week is
going to be really important that you do that because the comments are going to
be awesome so as for this week I want to talk to
you about Robert Kiyosaki's cash flow 101 board game and the reason I want to
talk to you about this board game in particular is because it's been one of
the most positive influences not only on me but on millions of people around the
world that want to increase their financial intelligence and do it in a
way that is safe and also supportive and so so what do I mean by that the entire
philosophy of this game is based on Robert Kiyosaki's cash flow quadrant and
in this case four quadrant he talks about the four different ways that you
can go out and earn money in in any society and he talks about the employee
the sole proprietor the business owner and the investor and so when you think
about this the employee is someone like you where you can go out and you trade
your time for money and basically that's the one-to-one relationship then you
think about the sole proprietor someone like the consultant or maybe a lawyer or
a doctor where they're also trading time for money but they're just trading that
time for a lot more specialized knowledge and more money then you have
the business owner and the business owner is the the person or the entity
that controls a system and the fact that they control that system they're able to
go out and create more revenue and then lastly you have the investor in the
investor their whole role is to make sure that they're using the money that
they have to go out and bring back more money
and so the entire cash flow 101 thought process and understanding is based on on
that cash flow quadrant and so as we you begin to see reflected in the game as
you move more and more throughout the game you have an opportunity to make
lots of mistakes and the fact of the matter is if you don't make mistakes
it's gonna be very difficult for you to learn so I would highly recommend that
you try new things try new strategies as you start to get to understand the game
because it's going to help you with your overall mindset and by being able to do
it in a board game you're going to increase your your retention rate and
you're in a what you remember basically so one of the things I want to do is be
able to give you a demo of the game or a live demonstration of what the game is
talk to you about each of the different pieces and help you to understand and
become more comfortable with the game so that when you go out you can increase
your financial intelligence you can remember what you've learned and you can
also have a lot of fun meeting new people so this is Billy keels we're
gonna go right into the demo that's my two cents for right now and we'll see
the demo coming up okay we're gonna now look at what is the
game board look like I'm gonna also talk you through some of the most important
documents in the game as well as show you some of the different pieces of the
game so that you can go out learn a lot have a lot of fun and meet exciting and
new people so let's go ahead and look at the game board okay so now we're looking
at the game board and once I've talked you through the game board then I'll
show you some of the most important documents on the game and then we'll
leave you with one real example so the entire purpose of the game aside from
being able to increase your financial intelligence and help you to learn and
retain more the the objective of the game is to escape the rat race and where
is the rat race that's actually the center of the board and in order to
escape the rat race the question you're probably asking yourself is well how do
I escape the rat race and you'll be able to do that once your passive income is
equal to or greater than your expenses when your passive income is equal to or
greater than your expenses so you would then leave the rat race and you would
move into the part of the board which is the outer portion which is known as the
fast-track and then once you exceed your monthly income by $50,000 yes I did say
your monthly income by $50,000 in the fast track then in essence you would win
the game so let's dive into first of all the the rat race now once again the
objective of the game is to escape the rat race now the rat race is going
around and around and this is usually in the beginning when you start playing
this is where you're going to spend the majority of your time I like to say that
most of us it's reflects life because many people will spend 30 40 if not more
years of their life kind of going around and around in a circle and that reflects
in the game so let's take a look first and foremost on the green spaces now the
green spaces you have the different types of deals you either have a small
deal which will cost you between 0 and 6,000 or you have a big deal which will
cost you between 4,000 and 200,000 so either of those two and we'll give you
an example later then you have the market cards which are the blue spaces
and the market cards well show you an example later but a lot of interesting
things can happen with the market card and then you have ports or most people's
favorite and I say that a little bit ironically I is the doodad card and
these are in red and so the doodad card you have to do what they say no matter
what so the others you have somewhat of a choice whether or not you want to do
them although sometimes with the market cards you don't really have a choice but
we'll go into that a little bit later and then I want to highlight some of the
other things so you have also a purple space which is a baby if you're
fortunate enough to land there you are congratulations
you can add your child expense as well and you have a limit of 3 children per
game so lots of fun and also can be costly then you have another purple
space which is downsized and if you land here you will pay the amount of your
total expenses to the bank and you'll lose two turns so you'll watch everybody
else learn while you're kind of watching from the sidelines and then next you
have another purple which is charity you know if you land on charity
you can donate 10% of your total income and use one or two dice for your next
three turns so that's really up to you whether or not you want to do that and
then I think lastly you want to recognize that there's some orange
spaces here which are known as your payday so if you land on or go past
payday then you will actually pick up your pick up your cash or however much
you are earning at that point in time then you have the die and then you have
the proverbial rats so and there are a couple of different color rats that you
get to pick and you can go from there and then also you have these cards which
are your profession cards so you have a teacher K through 12 and you can see
there with the teachers making salary three thousand three hundred and then
has a bunch of expenses and things like that but then
just to give you another example you have a lawyer here and you also have a
janitor so and everybody pretty much follows the same thing and so because
we're looking at this I want to take you to I mentioned that I want to show you
some of the the documents that are really important in the game and very
similar to real life is if you're looking at this for the first time don't
worry you are probably not alone but these are really important
statements the first one is an income statement and the income statement is
kind of like your if you think about what your monthly bank statement looks
like it shows all the different money that's coming in your account you can
have income that comes in from your salary so you're trading your time for
money if you have interests and dividends that are paying you on a
monthly basis and then real estate and businesses so that the idea is you have
a picture of what is actually coming in every month and then you look at the
bottom of the income statement also known as the P&L or the profit and loss
and that shows you what are the different expenses that are going out
taxes home mortgage payment school loan payment car payment credit card payment
other expenses bank loans or something talked about and then that's that per
child expense that we talked about before that we saw here if you have a
baby so that's the income statement and then you have your balance sheet now the
balance sheet has to balance so you have two sides you have the assets and then
you have liabilities as well as owner's equity but because this is simplified in
the game it's really just showing us the assets so think about these are from the
most liquid to least liquid meaning and when I say liquid that means that you
can get money really easily so think about your savings account that's just
money that's sitting there you've got some precious metals stocks funds CDs
and then you have real estate so these things these assets should be putting
money in your pocket every whatever the time period is and then your liabilities
are things that you're either using to purchase assets or they're things that
are taking money out of your pocket every single month things like a home
mortgage school loans car loans credit card debt
bank loans and then you may have some a different type of liability here that
you're using from a mortgage and you're using that to purchase assets and
remember when I told you that the whole objective of the game is to make sure
that you get out of the rat race and how do you do that you do that by making
sure that your passive income is greater than or equal to your total expenses and
that it's highlighted here on the new version of the game so the idea is that
you have your salary that comes in every month then you work on creating passive
income and which will give you total income minus your expenses and that will
give you your monthly cash flow so depending on the decisions that you make
throughout the game you will see this monthly cash flow either stay the same
go up or go down once again the idea is to get out of the rat race you want to
make sure that your passive income is greater than or equal to your expenses
and then the last document that I want to show you is the is your cash ledger
so basically all of the movements that you have in the game so anytime you buy
or sell something you're gonna see that reflected here and this is pretty much
like your your bank statement every month it just shows actually how much
cash do you have and that you can be able to use that cash so so once again
these are the documents these are the core documents so you have your income
statement and your balance sheet and then you have your cash ledger to see
where you're going and depending on the decisions that you make during the game
you should see lots of movements so one of the other things I would say is
always play cash flow 101 with a pencil with a nice eraser because you should
have lots of movement different activities so I showed you earlier one
of the profession cards so now I've taken another one just to give you an
idea so if you have a if you're a police officer for instance you'll see the
income is three thousand then you have a number of different expenses taxes
mortgage payment school loan payment car loan payment credit card other expenses
bank loan and if you have a child it's going to cost you $200 per child as
eight officer so just to give you an idea and
once again this reflects very much the same as the card so when you get started
if you were a police officer you would fill out the salary 3000 and then all of
the different expenses you would fill out here and then you have your assets
and your liabilities and you would get started because you would start out the
game with zero passive income so that's just an example let's take a quick look
at some of the cards and then that will give you an idea let's take a look at
one of the the small deals so let's pick one of these so this small deal and once
again this is normally will cost between 0 and 6,000 we happen to pull a mutual
fund here grow for us fun powerhouse market drives funds price up to record
high only you may buy as many shares as you want at this price everyone else may
sell so the symbol is grow for us today's price is $40 and the historic
range is between 20 and 30 so it's up to you whether or not you would want to do
that why if it goes with your philosophy or
not but that's just one of the examples let's take a look at one of the big
deals which is another green card the green card is okay we've got a house for
sale it's a 3-bedroom 2bath house a 3-bedroom 2bath house in rough
neighborhood positive cash flow even though rents are weak use this yourself
or sell to another player so if you wanted to do this it's going to cost
three hundred thousand you would take a mortgage that's two hundred and eighty
eight thousand you would put twelve thousand dollars down and that's going
to provide you eight hundred dollars a month in cash flow so if we were looking
at this I think we had the the police officer if we wanted to make that
purchase I would put eight hundred dollars in cash flow if we see right now
the in the expenses are one thousand nine hundred that could help or not but
you'd need to need to take a look overall but that's just an example of a
of a big deal and but either of these two you can decide whether or not you
want to do it let's see what this market card says the market card says price of
gold soars riding overseas oil prices threaten price of gold
skyrockets buyer offers $1,000 cash for each coin everyone must sell any number
of coins at this price everyone may sell any number of coins at this price so if
you have gold you could sell it at $1,000 for each coin that you would have
and that's up to you once again so whether or not you would want to sell it
now that's your market card and then let's take a look at the doodad before
we kind of wrap up what this looks like on the board and today's do that is well
one of my favorites costume jewelry and that's going to cost $400 so if you were
to have this then it would be $400 and you would have yourself a nice new piece
of costume jewelry so once again I just wanted to give you a an overall look of
the the cash flow 101 game board and give you an idea of what are some of the
different cards that are there and also once again just to read just to repeat
that the whole purpose of the game is to help you increase your financial
intelligence do it in a way that helps you to understand the board game and
also try to escape the rat race and get into the fast track so and you'll do
this by once again depending on what what decisions you make it will help you
get in or out of the rat race in a much faster way so hopefully this has been
helpful to give you an overview of the game and see some of the different items
and some of the different cards that you can come in to while you're in the in
the rat race and working on getting out of the rat race so I'll come back to you
we're just going to show wrap up and and get you on your way so that you can
start playing cash flow 101 ASAP so now you've had a chance to learn much more
about cash flow 101 yuvan understood the philosophy behind the game you've also
seen a live demo and now this is up to you to start to take action so just as a
quick recap once again the cash flow 101 game is
here to help you increase your financial intelligence to be able to do it in an
environment that is fun that's educational and in an environment where
you're not going to get hurt but you're going to learn a lot
secondly you've had a chance to see the game board in all of its pieces so
understanding that the objective of the game is for you to get out of the rat
race and you do that by being able to have your passive income be equal to or
greater than your expenses how quickly can you get out of the rat race and
you've also had a chance to see a lot of documents some new documents hopefully
you've had a chance to learn some things for instance the income statement that
you look at over time which helps you understand how much money is coming in
and how much money is going out on a monthly basis for instance and you've
also had a chance to see some the balance sheet which helps you to
understand the assets which are those things that are helping to put money in
your pocket and the liabilities which are taking money out of your pocket so
hopefully you this has been very helpful for you you've understood more about the
cash flow 101 game and now it's up to you to go out and now take action so I'm
gonna recommend that you find in your area a place where you can meet up with
other people to play cashflow 101 being able to meet new people network and also
learn together like I said before I know that you can play the game online as
well so maybe you want to get started there but definitely get to a place
where you can meet and learn from other people and if you want to be that person
that gets started a lot of times people ask me the question well where can I
find the game where can i buy it well one of the things that I'll do I'll
include a link actually in the video so if you want to go out and purchase the
game for yourself I'll give you a couple links where you can you can take a look
at that so but one way or the other go out start increasing your financial
intelligence meet new people and have a lot of fun so I'd like to leave you with
the question of the day and today's question is how would you consider
yourself in terms of an investor conservative aggressive and why so this
is Billy kids with keep on cashflow it's my two cents for today and as always
hasta la próxima
No comments:
Post a Comment