Escaping the Rat Race
I recently played the Cash Flow game by Robert T. Kiyosaki. Robert created his game in regards to his best seller Rich Dad Poor Dad a personal finance book. At the beginning of the game you pick a dream and then off you go investing your money and handling your expenses. I appreciated that at the beginning you picked a dream because that is a very important step that Robert taught in his book. If you don’t have a dream you don’t have a why. Meaning in order to get somewhere you have to have to know where you’re going and what’s driving you to do so. Now for the game you get started with a standard monthly income. You are given opportunities to invest your money in either big or small investments. What I learned as I played the game was that you should always start small. That way if the investment doesn’t pan out you don’t go bankrupt. What I looked for in investments were low initial costs. The lower the initial cost the more shares I purchased. From there I hold onto the shares until they are maxed out on trading range. Once they’re at the max I sell them all. This is what brought me the most success in this game. I made a huge profit from selling my stocks at full price and from there I invested in bigger stock. What I found the most beneficial was finding an investment with a reasonable down pay and decent cash flow. This way I don’t drop all my money in one place and still make money each month. At this point I was able to get out of the rat race and make significant profits from my investments. If I was to give you a simple tip it would be to start small and try to buy as many stocks for as low as you can get them and then sell them at the maximum price.