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How Do I Get Financially Educated?
Oct 13th, 2014 by Xarah

financial education cashflow richdad

How do You get Financially Educated?

Certainly not in school. It’s up to you to educate yourself.

Good news though, it’s rather easy when you start playing the boardgame Cashflow in a Cashflow club.

The first time I played the Cashflow game I was the first in this club to leave the rat race and I did it fast, too.

This is how I did it:

Very fast I had the chance to buy a piece of land for 5’000.- but only had 2’000 cash. I got me a credit for 3’000.- and bought the land, it had a river on it and that’s always been my dream. I bought it even though it did not generate revenue or cashflow. I just wanted it.

My neighbor kept telling me it was a mistake. He got quiet though when someone the market card and I was able to sell it for 150’000! Some mistake, hu?

I also got deals to buy shares for 1.-. The first time I only bought for 1’000 and 10 seconds later thought i should have gotten more. But I got another deal again for 1.- and this time I bought 2’500.

The luck didn’t stop. Someone picked the card where i could sell those shares for 30.-. And again, my second batch of shares I could sell for 30.- per piece.

Then I bought a house that brought in cashflow, and bought another piece of land. And then I bought an apartmenthouse for measly 200’000 (worth 1’200’000) which generated 11’000 cashflow and I was able to leave the rat race.

And as far as I remember I did all that in the first round and some of it while being „unemployed“ in the game.

Of course I had a lot of dice luck. The last time my co-club-leader had no luck. He never had one chance to buy anything, not even buy from somebody else. It happens also in real life. No luck, but don’t you never give up. Keep your eyes open. Or go here now.

What I have learned from playing the Cashflow game

I’ve been playing this game now over 3 years now, often twice a month. And only recently really grasped the numbers and all.

Only recently I started understanding how important financial education for all of us is.

About half a year ago I met a guy at a 2-day event. On day 2 he told me he had made over a million in the network marketing industry. I was impressed. Here I am, talking to a millionaire – BUT – on day 1 I suddenly remember he had told me he had over 50’000.- debt.

Don’t know about you but for me it didn’t add up.

Of course I asked him what happened to all the money. He shrugged. Spent it all. Traveling. Divorce (that’s where most of his debt comes from he says). Obviously he didn’t invest it, save some of it, paid himself first.

I believe we who are in a business like network marketing or internet marketing, where money can come fast, quickly and a lot we simply need to educate ourselves, we need to be financially educated.

How do you get financially educated?

I can suggest the following:

  • T Harv Eker. Millionaire Mind. He suggests to create 5 or 6 jars where you divide you money in. And his crew goes on tour. If they are ever in any kind of near area of you, go. It’s worth it!
  • Robert Kiyosaki. Rich Dad Poor Dad. Cashflow Quadrant. He teaches to pay yourself first. Which means, put part of your income (job or business) away, for investing, for saving, for emergency, all in different accounts. I only recently understood „pay yourself first“.
  • Play the Cashflow game. Look at www.richdad.com or google it or  World Wide Cashflow Club Website.
  • Subscribe to my blog and learn along side with me.

My name is Xarah and I believe we all need to get financially educated. And we  need a vehicle to start building passive income, increase our cashflow.

What would you do with an extra $5000? $10’000? $30’000?

I understand that some people get scared thinking of $30’000 every month. What to do with all that money? What about taxes??

If you are financially educated you will know what to do with the money:

  • pay yourself first
  • split your income into different jars/accounts
  • invest
  • live the lifestyle you can now dream about

I’ll see you on the next page.

from Xarah with Love

PS: Subscribe to my blog here
PPS: Check out my vehicle to leave the rat race, a franchise-style digital business opportunity.
PPPS: Remember to have fun today. And to leave me a comment below.

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