Lastly, I also learnt that to create a surplus, we can either reduce the expenses or increase the income, preferable the latter one. I understood the meaning why Robert Kiyosaki meant by not doing the flip-flop.
If I sold these properties for a huge profit, I would lose my cashflow and went back to the red monthly.
The reason was that, I bought the later properties for cashflow. This was the only property I sold throughout this game. I sold my starting property to get cash for the breathing space and breakthrough. Secondly, it taught me on selling an asset.
I thought it would be another losing game, but little I expected that I turned out to be a winner. Firstly, things may not be what they seen to be. Starting badly with a very high monthly maintenance fee has taught me a few lessons. And soon, I was out of the Rat Race and started on the fast track. I continued to purchase more and more cashflow opportunities, paying back loans. Now, my financial statement had turned from red to blue. Upon exercising this option, I had a $3,000 passive income. In the following few turns, I purchased a real estate option. This gave me a lot of breathing space to look for a breakthrough even I landed on more Doodads and resulted a $1,500 monthly outflow. I took this opportunity to sell my starting real estate property and to receive $180,000 cash. Lucky for me, one player landed on the Market square. I thought that I would be out of the game within 10 paydays. Before I knew it, I had a monthly cashflow of -$150. When I did land on the opportunity squares, the cost was too high for me to purchase, even with bank loan. At the first few turns, I landed on the Doodads and babies. In the most recent game, I won in the manner I least expected. Statistically, I get out of the Rat Race one out of 4 games in Cashflow 202. But at the same time, in Cashflow 202, each player usually starts with some stocks or passive income from Real Estate. One of the reasons is the Doodads is much higher than those in Cashflow 101 and may require monthly maintenance fee. Cashflow 202 is much tougher than Cashflow 101, and more difficult to win.
Cashflow 202 options how to#
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