A year ago, after I met the book Rich Dad and Poor Dad, I was greatly influenced by this book, which gave me a deeper understanding of assets and liabilities and had a big impact on my financial thinking. I also mentioned the game of "mouse running" in it, and then I kept this game in my mind until I met Mr. Ma Yiqun and Jing Xian girls, who organized an offline cash flow game (".
On January 6th, 218, I started my first experience of cash flow game in the coffee shop of China Renmin University.
bankers Ma Xiansen and Jing Xian, two beautiful women editors Xiao Qi and Xiao Xian, and super audio engineer Bi Zong, who are the main creative team of their own forums, Shui Zong and Yuan Zong, Nina who pursues wealth and freedom, and me who likes to keep trying.
The goal of the game: Try to make your non-wage income exceed the total expenditure, enter the "fast lane" from the "rat track"
Non-wage income = interest+stock+real estate+corporate cash flow
If the non-wage income exceeds the total expenditure, it will be circled, and then enter the "fast lane" to play.
loan principle: 1 times of monthly cash flow (monthly cash flow = total income-total expenditure).
The principle of interest is that the monthly interest rate is 1% and the loan amount is 1%. In fact, this is a naked "usury" (the annual interest rate is 12%).
There are big opportunities, small opportunities, market situation, unexpected expenses, dreams, etc.
1. Income statement:
Income: salary, interest, stocks, real estate, enterprise investment
Total income = non-salary income+above (salary, interest, stocks, real estate, enterprise investment)
Expenditure. Bank loan expenditure
Total expenditure = sum of (tax, housing mortgage loan, education loan, car loan, credit card expenditure, extra expenditure, other expenditure, children's expenditure and bank loan expenditure)
2. Balance sheet:
Assets: bank savings, stocks, funds, certificates of deposit (number of shares, Price per share)
Total down payment cost of real estate
Total down payment cost of enterprise investment
Liabilities:
Housing mortgage loan, education loan, car loan, credit card, extra liabilities, real estate mortgage loan corresponding to buying real estate, and liabilities corresponding to buying enterprise
Bank loan
When we were playing, everyone was very happy, very attentive and very interested.
The following is a summary of everyone and my harvest, which can be used in life in the game:
1. It is very important to control your own expenses. If your expenses are high and your income is average, your cash flow will be problematic and your life will be very uncomfortable. To ensure that the monthly cash flow is positive, not "negative", it is difficult to turn over if it is always negative. You can't let the bank's interest eat up your cash flow. The cash flow should be kept "positive". For example, if someone borrows money and stocks, it is operational, but it must be guaranteed that the cash flow is positive and the risk can be controlled.
2. If high-income people are often accompanied by high expenses or high debts, you should pay attention, because you can't stand any accidents and uncertainties. If you encounter unemployment, it will be quite troublesome. It is "king" for high-income people to buy more assets to increase non-wage income, so that assets can be rolled up. If there is no stable property income, you should avoid losing your job.
3. The first bucket of gold is very important, among which you should believe in luck. If you want to know the relationship between luck and success, you can go to the Wanweigang Elite Day Class in the library, which is about it. There is such a thing as luck.
4. Loan, because the game is a loan with a monthly interest rate of 1%, you have to spend your cash first, and then go to the loan. It is important to pay back immediately after you have money, because this is usury, reducing interest expenses and decompressing cash flow.
5. There are usually two sources of income: 1. Capital overflow; 2. Cash flow, such as the appreciation of the house, which will be sold when the house price is good in a few years. The other is renting, where the rent covers the interest of the loan and keeps the cash flow positive. Another example is stocks, which can earn the difference, and the other can reap the dividend.
6. Seize the opportunity, control the risk control, and keep a good attitude
7. On the premise that the salary is not high enough, it is basically impossible to surpass the class by salary, and the same is true in real life. So if you put all your money on how much I should spend and how much energy I should save, you can't surpass the class. You should seize the opportunity, do a good job of risk control, and keep the cash flow positive.
8. You don't have to get many things by yourself, and cooperate with others with win-win thinking. Correctly understand the matter of partnership, starting a company to cooperate is not the same as being a person with a very good relationship with you, so you should talk openly, agree and be clear. The goal should be clear, and emotional and rational suggestions should be weighed separately when making decisions
9. Listen to everyone's suggestions, and of course, think about why they say that and make your own decisions. The principle of comparative advantage, compared with one's own advantages, is not compared with others.
1. How successful can you be? Part of it depends on how many people around you are willing to let you succeed. Hoping to see you succeed is also an important factor on the road, that is, what benefits you will bring to him after your success, and what you have to be helped by others. So how to do it? Try to make yourself a person who makes others willing to help you. I think it's better to accumulate good deeds and think of others.
11. Your primitive accumulation is very important, don't underestimate it.
12. Everyone's decision in the game will have a certain impact on everyone.
13. Doing charity will make you encounter many opportunities and walk faster in the "fast lane"
14. There will be many uncertain risks, diseases, accidents, etc. in life
To sum up, cash flow is very important. Controlling risks and maintaining a stable, sustained and positive cash flow is your "lifeline" on the road to wealth freedom.