12 Tips For Getting The Most Value From The Cashflow 101 Game

Robert Kiyosaki's Cashflow 101 game is a great learning tool. The following hints have been compiled so that you can get the most value , Logbook Loans Finds Use As A Personal Loan Minus Its Inherentdrawbacks you possibly can from the game. These tips apply to real life as well, so keep your heads up.

1. Don't cheat. The purpose of the game Cashflow 101 is for you to learn so if you cheat you learn to cheat. Why make money , Establishing Credit The Great Task illegally when it is so easy to do it legally?

2. Read the rules. You should especially read the three-hour millionaire piece on the back of the Cashflow 101 rulebook. See also Robert Kiyosaki's Hot Tips page that comes with the game. Know the legal side of things and listen to the advice of professionals.

3. Find learners to play it with. Find people who want to learn more about investing , Logbook Loans Finds Use As A Personal Loan Minus Its Inherentdrawbacks and money , Best Credit Cards to play with. It is wholly different to play with people with the same money , Credit Cards For College Students Establishing Your Credit and financial interests, , Stock Market Basics And Techniques than family and friends who play with you because no one else would. Some action is better than none, but better yet is someone motivated to the action for his/her own personal reasons.

4. Know there will always come another deal. If you haven't got interest , The Stock Market System in a deal at this very moment, know that the next deal of the decade is around the corner (or the next card , Cash Back Credit Appeals To Many in the deck).

5. Investigate your options. Don't let a shortage of cash let you out of great deals. There are other people in the game that might be interested in the deals only you've got access too.

6. Learn to share. Share deals - split the cost , Looking For A Bad Credit Home Improvement Loan and the return if you feel the risk of borrowing the money , How To Decide On Chequeing And Savings Accounts is too great.

7. Understand the power of leverage. If that $1 deal comes along and you don't have any cash, borrow if you must, but take it. This is just one example of how you can leverage of the bank's money , Check Out Payment Protection Insurance for extraordinary returns.

8. Have backup in a calculator. Yes, you might know your sums pretty well, but it does not hurt to have a calculator handy for estimating how long it will take you to get out of the rat race.

9. Understand potential of grey areas in rules. Yes, rules and laws do not cover everything so there might be some loopholes. But rather than using loopholes, set up a contract that at least two parties can agree to that is a win-win situation for both. Do not see the absence of rules as an obstacle, but rather see it as an opportunity.

For the advanced player:

10. Play it real. Change the job cards , Make Ends Meet With Adverse Credit Debt Consolidation to the actual jobs that some of your Cashflow circle members has and see how different people would get out of your financial , Stock Market Basics And Techniques situation. Example: Job Title - Store Checkout Clerk, Salary $1,500, Taxes , Weekly Technical Analysis Week Ending 17Th Feb 2006 $300, Monthly Cashflow $150, etc.

11. Play it real II. Change the Big Deal, Small Deal, Doodad and Market cards , Credit s For College Students Establishing Your Credit to reflect situations that you have been in personally, or where you might land in. Example: Market Card , The Life Insurance Policy And Its Best Kept Secret - Lose all assets , Top 25 Growth Funds due to litigation; Doodad - Buy , Seven Secrets To Winning The Home ing Race new computer for $1,000 monthly expenses , Personal Debt Consolidation Loan goes up by $150; Small deal - Buy stock , Invest Not Gamble in a small-cap company , Mortgage Refinance Tips (market card , Look Out The Cost Of Your Credit s May Be Increasing Dramatically might either quadruple your money , Home Mortgage Quote Problems The Likely Culprit Is Your Credit or lose your whole investment); etc.

12. Teach and learn. There is always some area where you will be better in than others - why don't you teach them how they can get better at it. Give and then receive. Allow others to teach you in areas where they are more skilled than you.