Wow, did I get some insight last night!
I played CashFlow 202 for the first time at the Burbank CashFlow club. I’ve played 202 online, this is completely different.
202 primarily deals with stocks – put and call options along with shorts. I was pretty lost at the beginning of the game but got a pretty good handle of it by the end.
The biggest lesson I learned was absolutely invaluable and SOO grateful that I learned it in a game and NOT real life! I had close to $100,000 and decided to draw a “big deal” card which was an apartment complex. It was $100,000 downpayment and was $4500 a month cash flow – I would be out of the rat race with one deal. Someone even offered to JV with me but I wanted to do the deal myself so I could be out. I borrowed a few thousand to do the deal. Well, the very next card I drew was an earthquake that wiped out my asset with the highest cash flow AND prevented me from selling it until the second buyer card came up. So I invested all my money into one asset and lost all of it’s value in a split second. The “ah ha” moment: Don’t put 100% of your cash into one deal! The strategy this 202 group plays with was building up one million dollars (massive capital) and then buying cash flow (passive income) assets.
Massive to passive!