[Transcription]
Hello and welcome to Easy Tutorial today
I'm going to show you how to play CashFlow101
Before starting the games you
need to choose your dream so you here
are several lists that you can choose
Let's say this is my dream
okay choose this dream okay this is the
character you can chain to female or
male and my profession is teacher I am a
teacher and this is my financial summary
my income is 3,000 per month I don't have a
passive income right now so is 0 this is
expand we have a kid I would spend 180
per month and other expense would be 2,000
and this is money left every month
so this is the interface in this game
you will learn at least two things.
Lesson 1 is to learn to read and record your
classflow. Lesson 2 is you will learn to get out of
our face by yeah and go to fast track
the mean fineness of freedom okay so
let's get started so this is my turn
okay I am on opportunity car so there
are two deer one is Big Deals and Small Deals
the difference is a Big Deal
is you need more money to invest for example
Big Deal would be the estate or something
and Small Deals are more like Investing in Stock.
you only need some small amount of money
to invest there is no specific detail
but as far as I know if you have 8,000 but
you can invest in Big Deal and then that
you can invest in Small Deals.
so I have 1,000 so I prefer Small Deals
Mutual Fund, so cotton try is 40 and
trading price is only 10 to 30 so that's
not a good deal I pass on deal.
nicely done okay a Small Deal again so this
is a Stock utility the trading price is
60 and current price 600 the interest
would be a $1 per month it's not really
good so I pass it yeah I would have
passed on that deal too okay
smokey again
so the my friend needs some money so I'm
gonna help him or not
let's see Cost, downpayment
okay this is interesting
there is No CashFlow and now I
don't have enough money anyway I can
pass it
[Turtle] a good job
against Small Deal okay not interested
nicely done then Damn. Downside. okay that's
I mean I am get out of job
I don't even have any money
if you do you have enough I mean if you
have some passive income even Downside
doesn't take the money from your hand so
yeah 9-5 job sucks.
okay Small Deal again
same Mutual Fund
[Robert] Good job
charity yeah somebody needs help and I'm
luckier than them so yeah I have as much
as I can
good job thank you so when you donate
you get two dice you can either use it
or not it's up to you okay now I am I'm
having a baby
yeah congratulation to me so expense
increase you need to refresh
Doodads okay do that is expense that you
need to take care of and you have 2 options
using credit card or pay by cash in general I don't like to spend with
credit card or something not really
important if I have money
I pay by cash because credit card has
interest that you have to pay every
month
okay small deal okay this is good deal
for stock so the drug company has the
current price is $1 and trading range is
between 5 to 40 so I would buy all
of my money I have to type the number
yeah buy
so this is an asset this is an asset so cost
goes in asset
yeah the investment
charity again oh no I
okay so I have to pass this now because
I have zero in my balance yeah I would
have passed on that deal - okay expense
again Cash
baby the second one that was okay
refresh
Small Deal
okay this is nice stockbrokers says that
investing in real estate is risky what
else would you expect a stockbroker to
say about real estate why don't you ask
a real estate broker what do you thinks
about stocks well I wouldn't do that
because he doesn't handle stop Oh God no
thanks for good advice so the character
will tell you a bit about investing
information so yeah so this is the the
opportunity card and it has a negative
cash flow so I pass it nicely done okay
payday I get my paycheck
charity
okay and Expense again Cash
opportunity Small Deal so now electronic
stock the price is yeah up high
not interested good job
okay market card I will tell you
information about a property or
investment opportunity so yet you don't
have to do anything just get the
information and close it
okay yeah Small Deal yeah
so entertainment stock the current price
is 10 the minimum and maximum is 30 so
I buy some. Let's see.
again record in Asset because it an
investment Small Deal.
okay
yeah the down payment would be 5,000 I
don't have enough for want to let's see
okay I cannot sell this opportunity to
Robert because he doesn't have enough
money either
okay pass the dear
okay small deal again no yeah I would
have passed on that deal too
yeah the stuff that I bought before it
was ten now the current price is 20 I
can keep it or sell it if I want to you
would say it sell on
okay market information
again
yeah I have more than 8,000 so I can
invest in Big Deal okay 3 Bedrooms, 2 Bathrooms
the current price
yes 65,000 is between 65,000 to 135,000 this
is good deal and I have enough money to
pay for down payment
I would earn a $300 per month so by
opportunity cost and down payment would
be asset
Mortgage goes to Liability cash flow would go to
income refresh refresh so you can see ya
the progress here confirm now I have
passive income $300
okay smoothie air for now
okay split
again expense pay by Cash
so someone wants to buy a house three
bedroom and two bathroom and the price
is 90,000 yeah like I can make some
money when I say but I would lose money
income - yeah I want to keep the property
against Small Deal.
hmm yeah I wouldn't invest some
okay congratulation to Robert Robert get
out or rat race.
okay Pass. I don't have money right now
Small Deal again
okay I only have 2,000 and the down
payment would be 4,000 I can borrow loan from bank
for some money if I want to but yeah I
would pass it's not much return on investment again got baby again.
third one
opportunity
startup No
opportunity
not interested nicely done
so Robert yeah achieves his dream so I'm
playing alone now Downsize.
downsize it shouldn't make any
difference if you've invested well your
money will be working even if you're not
nicely time
okay this is a good deal so I can buy it
Mortgage goes to Liability the down payment and Cost go to Asset
I said cash flow goes to income Refresh confirm
paycheck
so the price between it can be 0 to
4,000 and comment the seller asks 500 I
have money to spare so I was investing
so liability liability down payment and
cost to asset and cash flow
#NAME?
Small Deal
okay but why do you see that investing
isn't risky well there is always risk
when you invest but it doesn't mean you
have to be risky you don't have to be a
risky investor when you drive your car
there is risk right well yeah yeah but
but you don't have to be a risky driver
if you take a few lessons practice take
it slow you'll be a very good investor
there's always risk but you won't be
risky oh I see
okay spin
so okay truck stop
they couldn't try this selling yeah it's
very and I bought yeah 50 cent I can say
it all and make good money so now I make
good money from stock I would pay some
lon
okay car loan so you need to leave
remove this items from your report okay
and this face okay
confirm
yeah home
this one in this one profess confirmed
credit card
then retarded
schooled on
okay now I'm debt free and have some
money left to invest
know him so have more money I would
invest in big deal so this is X Plex the
down payment is 32 and it would give me
positive cash flow 1 K + mo get
liability down payment and that was a
good buy - I said kiss go to income
profess so I think I'm done I get our
breakfast now and film yep
so this is at the fast track my daily
income is 210 and the the goal is 260
and this is cash on hand
okay first our opportunity okay cold
mind I would invest 150 the return is 25
plus buy it
nicely done this is not interested okay
I'll play shoulda taken so so the eighth
person later no investment yeah biotech
congratulations that was a good deal
okay would buy it that's the way to do
it okay puss put unity again buy it
Finch eyes it nicely done okay so nicely
done
No
no no there you go
Kaori purchased
okay opportunity 49 that was a goodbye
okay buy it so this is the goal and I
almost there I am almost there
okay now I you know
so did
okay bye congratulations that was a good
deal so yeah that's it I reach my goal
that's how you play cashflow 101 and I
hope you enjoy it and you can play it on
rich that website for free it's online
game and this one is a desktop lesson
that is available on window only
I have link in this description so you
can check it out you can buy from
ditched out on Amazon - yeah so yeah
enjoy and don't forget to talk to your
friend - to play with your friend
because they're more fun to have more
player to play with so see you in the
next video goodbye