Comments on: Top 7 lessons I learned from playing Rich Dad's Cashflow 101 game

By: Steve's Zushi

Steve's Zushi — Thu, 03 Nov 2011 10:22:50 +0000

Hi Sir Jay,

Are there any opportunities like that card here in the Philippines? (properties with no down payment)

Thanks,
Zushi

By: My Think Rich Pinoy Seminar experience and how it changed my life | Foreclosure Investing Philippines

Wed, 25 May 2011 23:30:36 +0000

[...] In the afternoon session, seminar attendees played Robert Kiyosaki’s Cashflow 101 board game. I remember that I had already played the board game before, but I was not able to get out of the rat race. (You can read more about cashflow 101 here: Top 7 lessons learned from playing cashflow 101) [...]

By: Play Cashflow 101 – 23 Lessons You Can Apply In Real Life — Living Cashflow 101

Mon, 03 Jan 2011 08:52:29 +0000

[...] Castillo of Foreclosure Investing Philippines calls this game life-changing. He quit his job as a systems administrator last year to become a [...]

By: arnel

arnel — Fri, 10 Dec 2010 22:22:39 +0000

Hi Sir Jay,

Where can I play cashflow here in ortigas? Any cashflow event this December?

Thanks

By: Jay Castillo

Jay Castillo — Mon, 05 Apr 2010 23:26:17 +0000

Hi Paul,

Thanks for your comments and questions! Let me try to answer them here so that everyone with the same questions can also benefit from the answers.

Players can buy an asset by paying the downpayment either with the cash he has already saved or by taking out a bank loan. i usually accumulate savings first by making sure i have a positive cashflow which comes from earned income at the start. After enough paychecks, one can get enough cash to get small deals which are worth 5K and below in the game. In real life, this is done through proper management of finances and saving enough capital to buy an investment property.

A small deal can then be sold later for a hefty profit if a player is able to land on a Market space and gets a market card where buyers are willing to buy those small deals. the propfit can then be used by the players to buy more costlier deals. in real life, this is when a property is eventually sold and the profit is used for bigger investments.

I hope I have answered your questions, just let me know if you need further clarifications. Take note that this post is in reference to the Cashflow 101 boardgame.

By: Paul

Paul — Mon, 05 Apr 2010 18:52:33 +0000

Hi,

I tried playing the game cashflow 101.
It’s seems so easy to buy assets everytime the oppurtunity comes along. I only have one question about it.
How is it that the rat can acquire a down payment to the deal always when he actually hasn’t have a savings yet to every oppurtunity of assests he buys that’s not shown in the game? Does it mean he has lots of saving already to aquire those down payments for all the assets? when you have no savings, how did he pay the down payment of 16000 thousand when he actually only earning has a saving each month of 1200 thousand? does it mean save first before you can acquire assets everytime? well,, if can comment just send me an email, I’m really curious about it..thanks

paul9878@gmail.com

By: How to turn listings of foreclosed properties into opportunities | Foreclosure Philippines

Tue, 30 Mar 2010 22:12:40 +0000

[...] If you have played Cashflow 101, you would know that finding opportunities is as easy as picking an opportunity card when you land on an opportunity space during your turn. (Haven’t played Cashflow 101 yet? Play for free by clicking here! Learn more about the Cashflow 101 game by reading this article: Top 7 lessons learned from playing Rich Dad’s Cashflow 101 game) [...]

By: Jay Castillo

Jay Castillo — Thu, 18 Mar 2010 16:48:26 +0000

Hi Ella, thanks for the comment and goodluck on your 1st deal!

By: Ella

Ella — Mon, 15 Mar 2010 05:49:10 +0000

Hi Jay,
I agree with all the things you wrote here.
CASH FLOW is really King.
But having cash on hand higher than your expenses is a must.
You’ll never know when you will be downsized.
The rule of having an emergency fund applies here.

More Power!

PS:
We PRAY to close our 1st deal soon w/o glitches!

By: Jay Castillo

Jay Castillo — Tue, 15 Dec 2009 08:51:07 +0000

Hi Dennis, you're welcome and thank you also for dropping by! .-= Jay Castillo´s last blog ..BDO acquired assets for sale updated as of November 23, 2009 =-.