The Cashflow 101 Game – Winning Strategies
A few ideas to help you win the Cashflow 101 game.
Let’s start off with the concept of raising money. You can’t do anything without it, so you need to leverage it as much as possible. You do this by buying as much shares as you possibly can, probably using most of your spare cash!
The $1 share buying card (the are in fact two of them) should be a gold mine as when you sell, you could get up to 40 times your money.
If you pick this card, you should borrow money from the bank (without going bankrupt) and just wait for you or somebody else to pick up the relevant sale card. This extra money should enable you to buy ‘Big Deals’ and you will very quickly be able to get out of the ‘Rat Race’. By then, you will have more money than you know what to do with!
Next, always buy property whenever you can with spare cash, even if the cashflow is poor or even negative. You may have an opportunity to sell the property at a profit if you or somebody else picks up a ‘Market’ card.
When buying Businesses or property, if they cost more to buy than you can afford, remember to factor in the increased Cashflow to see if it is worth doing. It may be worth just going round the Rat Race doing very little for a few goes to pay off your borrowed money from the bank to pay for that ‘Big Deal’.
The next point is a biggie, but I see people ignoring it all the time.
If you have lots of money, do something with it. Do not hold onto it. The least you can do is to pay off some of your debts. Remember that some are more worth paying off than others. Again this is true in real life.
At the moment, interest rates are poor and ‘slow’ money in the bank is in reality losing value with inflation, so make it work for you by doing something with it.
On the Fast Track, always go for the gambling options to raise your cashflow if you can pay for it.. Never miss any green square opportunity.
Summing up, I think that life is all about taking opportunities and so is the game of Cashflow. You must do something with every turn of a card, rather than just waiting for that big deal to turn up. Happy playing!