Most importantly, the game trains your mindset. I’ve found it to be a great simplistic introduction to important concepts and you can go on to do your own research on how they work in real life. The way you play the game tends to very closely reflect the way you act in real life, so it provides valuable insights on what you do and don’t know. It also allows you to experiment with certain behaviours that you may not have tried in real life (investing in the stock market, buying property etc.) in a risk-free environment where you can learn what works and what doesn’t. It introduces important tools for tracking your finances that you should learn to implement in real life, such as financial statements. If you really need a reason to play a game, let’s just say that this one can have profound impacts on your life and how you manage your money. There will also be links throughout the post so if you click on one and want to go back to the original section you were at, just click on the back button in your browser. This post is gonna be a long one, so you can use these links to navigate:
Somehow, the online game doesn’t provide instructions on how the game actually works so you can refer to this post as your handy dandy guide. It allows you to play on your own with just 1 player, though it’s always more fun with friends! You just need to create an account and log in.
#Cashflow 101 online game for free#
You don’t have to worry if you can’t get your hands on the board game because you can play the online version for FREE here. Hence, I want to break it down for you so that you can gain enough of an understanding to give the Cashflow game a shot and see what you learn from it. Like… what are assets and liabilities? What’s passive income? I’ve previously talked about how I learned to get comfortable with debt through the game and if you read that post you may see some unfamiliar terms. So while I was losing my turn, I was gaining money (cash on hand).Īnd it’s because of my shares in the stock market and my properties.If you and your friends are bored at home, why not try the fun and educational Cashflow game? You can learn the basics of managing your personal finances, which I bet you didn’t learn at school. I sure didn’t.Īt first glance, a game about personal finance and investing may seem a little intimidating. Going back on the game, I remembered I was downsized once! Good thing – I have already acquired some Assets and Passive income.
Our goal-setting will be more meaningful if we would ponder and include this question. that if we look back 5 years, 10 years or even 20 years ago – We should ask ourselves “Is the life I have now, the life I envisioned X years ago?” I remembered, we have been taught multiple times to visualize ourselves 5 years, 10 years or even 20 years from now.īut sometimes we miss to evaluate our present condition today. If we want to get ahead in life – goalsetting is one of the key factor. It’s been said that “Life is a Journey, not a Destination” but this doesn’t mean that Life should be an aimless journey. and the First step is to set our “Entrepreneurial STAR”, or in other terms – our ultimate GOAL as an Entrepreneur.Ī portion from our lesson material states: In one of my online classes in Brigham Young University – we have been taught to create our Life Plan. “Mind-setting your objectives and goals in life does matter!” Setting your objective/goals – or I should say –
This is the First Lesson I want to share that I’ve learned in this game.