#CASHFLOW 101 GAME STRATEGIES PASSWORD#
It says “log in failed”Ī: Send an email to to have your account checked and password reset. The game banner will be at the top.Ī: You can change your password by clicking on the profile button located next to your name when you log in or you can email with your request. Winner: “The Richest Man In Babylon” strategy took 69% of the time to get out of the rat race and had a significant reduction in risk of bankruptcy.A: Log in to your account and click on Resources. TLDR: I tested my old strategy in the game Cashflow 101 with a new strategy inspired from “The Richest Man In Babylon.” Not only that, but it only took 69% of the time to get out of the rat race as the old strategy! In the new strategy, I always felt relaxed and safe. In the old strategy, I often felt at risk of bankruptcy. The average number of turns was 49.4 and I didn’t go bankrupt. New strategy: Teacher: 29 turns, Police Officer: 13 turns, Doctor 63 turns, Doctor 116 turns, and Janitor 26 turns. The average number of turns was 71.5 and I went bankrupt once. Old strategy: Engineer: 58 turns, Pilot: bankrupt, Nurse: 44 turns, Nurse 127 turns, Business Manager: 57 turns. I kept track of the professions and the number of turns it took to get out of the rat race. I played 5 games with my old strategy and 5 with my new strategy to compare. WHAT HAPPENED WHEN I DID THIS EXPERIMENT? therefore, you can multiply the total income by 2 to skip a couple of steps.) Since debt payments are always ten percent of the loan, you divide debt payments by 0.1(10%) to get the maximum loan amount. Multiplying the total income by 0.2(20%) gives you the maximum debt payments. Make sure to subtract any loans you already have from the maximum before taking out new debt! As your cash flow increases, so does the maximum loan amount. Then, multiply by 2 to get the maximum amount of loans. To calculate the 20% portion, I added salary and cashflow(before expenses) to get the total income. The only debt counted towards the 20% debt payments is the loans taken out at 10% interest. would count as part of the 70% living expenses. I decided the initial debt assigned to your profession for a mortgage, credit cards, car loan, etc. I decided to test the ideas in this book all I would need to do is make sure my debt payments stayed below 20% of the total income including cashflows from investments. I noticed all the professions start with approximately 70% going to expenses and 30% available for investing. In the game, you start with a randomly assigned profession with different incomes and expenses. “The Richest Man In Babylon” references dividing your budget as follows: Recently I had the Idea, “What if I test the ideas in ‘The Richest Man In Babylon’ inside the game? Would it be better than my current strategy?”
Next, I tried taking out loans for investments until I was left with only $1000 net cashflow a month(after expenses) in case I landed on “downsized”.(“downsized” can bankrupt you) This method was much more successful and I celebrated because I thought I had mastered the game. This method took FOREVER to get out of the rat race! That way, I was never losing money on any investment. The first thing I tried, when playing this game, was only buying investments where the debt interest payments were equal to or less than the cash flow generated by that investment. Once your cashflow is equal to or greater than your monthly expenses, you are out of the rat race. The goal is to take out debt in order to buy investments and grow your cashflow without going bankrupt. Like I said, the game is not a perfect example of reality. In the game, you have access to as much debt as you want at 10% interest. Some of them are great deals and some not so much. In the game, you stumble upon different investment opportunities. The game is not a perfect example of reality, however, it does a decent job of teaching people to think about debt differently. The board game aims to teach you that not all types of debt are bad-that debt used to generate cashflow can be a good thing. For those of you who don’t know, Cashflow 101 is a board game produced by the company Rich Dad, Poor Dad.
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