Lessons from Rich Dad Poor Dads Cashflow Classic Game
In playing Rich Dad Poor Dad’s Cashflow Classic game, I learned a lot on what it takes to escape the “rat race” by earning passive income, paying off liabilities, and making smart deals whether it be through investing in stocks or buying fourplexes. I found myself trapped when I wasn’t taking the risk to earn more. With every roll, I was paid a standard low salary, but that money was quickly used up when I had another kid, donated to charity, or had to buy new CD’s (all in terms of the game). I found myself getting ahead of the game every time I invested in stocks. I would buy low, and when I got the opportunity, sell high. I had a few opportunities to buy stocks in the range of $5-$40 at only $1. I bought around 600 of these, and when the price was high, would sell at $40 earning myself a few thousand dollars! Okay…maybe more than a few. This then allowed me to pay off my debts and loans, and invest in bigger deals, all the while, my properties are making money off of just *existing*. I had so much fun navigating which deals were smart to buy, proffering me lots of cash flow for low down payments, and which deals would be taking money from my accounts. I will admit, it took me a little while to escape the “rat race” and comfortbally invest, sell, and see more than numbers on my financial statement. The more I failed through trial and error, the more I learned. It seemed as though I had hacked the system by strengthening my financial IQ! I think one of the most important things I learned through this game was that taking the risk will benefit you better in the long run. Taking that leap that although may seem scary at first, will reward you in the end. I learned how important it is to invest in low risk long term stocks, because the money sitting in a stock is making way more money than if it were sitting in a bank account. There are so many valuable lessons within this game and would highly recommend it to anyone wanting a taste of what it feels like to have financial freedom!
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