Playing Cashflow Game vs Real-Life Perspective
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- Опубликовано: 5 окт 2024
- Hi everyone,
Playing the cashflow game is mind-blowing for the first time. In this video, we dive into the exciting realm of the Cashflow board game, where players learn the art of financial management and wealth creation.
However, it has a bias towards the property market to unlock cashflow.
There are tricks to win this game, which could be slightly different from reality context. Definitely worth the try to learn the lessons.
Online cashflow game link: www.richdad.co...
RUclips link on how to get out of the rat race from cashflow game: • How to Escape The Rat ...
i love your shared insights and knowledge regarding the rat race. i kinda noticed you were from singapore due to the accent and the eyebags :c
Hey thanks for watching the video! Glad that you like it. Please subscribe to our channel for more content on finance.
Well, you are partially right, I have been living in Singapore for a couple of years, I am originally from Malaysia the neighboring country, hence the accent are pretty similar. For the eyebags, don’t relate to the country, it is purely genetic from family I guess.
Could you do me a favor and let us know what other topics you particularly like about this channel?
Pretty cool!
Remembered reading about this game from Rich Dad Poor Dad a long time ago.
Didn't realize there's an online game.
Thanks for the introduction and really enjoyed the parallels to real-world perspective!
thanks for watching and your kind words. Yes the online version is way more fun to learn, once you know the strategy, you know how to win the game.
Fun game
Able to get out of rat race? The rules are the same in the classic game.
It’s a fun game. Takes longer in real life but the concepts are similar
What about the liabilities of the houses, you only make down payments but who pays the complete house? it makes no sense
when someone purchases a house they usually make a downpayment and the bank will pay the rest. The owner will then have to service the mortgage from the bank. The bank earns interest from the mortgage. Same way if the owner sells the house, the buyer only pays the downpayment, the bank adds on the rest. Then the buyer service the mortgage.
funny game for an evening, yet not reflecting reality :-)
have you tried this game before? It focuses on getting more passive income from property market.
@@AxeandYung yes you did recommend it one time before and then i tried it.
Actually i have no experience in actual investments in the real estate market but my guess is that the game is very oversimplified and blends out many risks and uncertainties. Ok...but its a game and it is surely ti be seen like that and that makes it fun again. 🙂
Thank you for your comment.
In reality, buying estate seems complicated to involve multiple people. We think it is worth to buy if you identify good property in good location, reasonable price and has potential to increase in capital. However, we understand there are many more ways to increase wealth, just a process of learning😀
Hello dear
Do you need a professional youtube thumbnail designer and RUclips video SEO expert?
It is fine. We prefer to do on our own for now. Thanks for reaching out!