1. Be kind to others in the game. You will never know what help you will need from them later.
2. Watch yourself. Do not lose your temper. Everyone understands your frustrations because everyone knows that the cards that carry the bad news have been planted in the game to frustrate.
3. Practise the 7 habits (Steven R. Covey) in the game.
4. Learn from each other. Always.
5. The real winner may not be the first one who emerges from the Rat Race.
6. He who overcomes each obstacle he encounters will build the confidence and competence to overcome himself.
7. There are no losers in the game, unless they give up trying.
Sunday, September 30, 2007
Tips from Cashflow 101
20 important tips from Cashflow 101
TIP #1: Never...Ever...Quit.
I believe that there are many things to understand to succeed at the game. But, for me, the most important is: NEVER, EVER, EVER, EVER QUIT -- ON YOURSELF! No matter how you feel, NEVER QUIT!– Kathleen M
TIP #2: Step Out of Your Comfort Zone.CASHFLOW 101 is so powerful because it reflects your true behavior and allows you to take risks in a safe environment. Step out of your comfort zone, and do things you may not feel comfortable doing in the “real world.” You’ll be amazed at how it changes your perspective.– Jack N
TIP #3: Celebrate the Joy of Success.The biggest 'tip' I have learned so far is that your way to wealth is the joy- not the wealth- you achieve. This became very clear to me after playing dozens of times and realizing that I would actually SKIP the Dreams on the Fast Track! I was more interested in winning the game than 'golfing around the world.'– Jeff B
TIP #4: Focus on Your Goals.I found that while playing the game, I would focus on the 'negative' spaces – "Baby" or "Downsized" – and hope not to land there. I was focusing specifically on what I didn't want, and, oddly enough, landing on those spaces most often. I began to repeat the numbers I WANTED to have come up, and just as oddly, those numbers seemed to come up more than mere chance would support. The lesson is simple: focus on your goals, not on what may go wrong. – Hugh C
TIP #5: Only Take Advice from Successful People.When the Opportunity Card comes up, some people look to fellow players for guidance. Make sure that those you take advice from are having success and on their way to getting out of the Rat Race!– Cal J
TIP #6: Your words are your reality. Never Say “Can’t.”There is ALWAYS a way. Think outside the box. Find a way to make your “can’t” a “can.” – Grace N
TIP #7: Take Note of Your Overall Habits.After playing the game, take note of your overall habits- good and bad. Evaluate how those habits helped or hindered your game play. In the next game, make a concerted effort to change the habits that may have prevented you from getting out of the Rat Race.– Toni E
TIP #8: Get Rid of Bad Debt.The thing that has expedited my exit from the Rat Race: Paying off ‘bad debt.’– Bridget S
TIP #9: Create Your Own Rules.Creating your own rules (or modifying the game rules) can make CASHFLOW 101 more challenging. For instance, play a game where you and your teammates:
(a) Pass on purchasing $1 & $5 stock deals;
(b) Remove $0 down real estate transactions;
(c) Remove all the doodad cards that are $100 or less.– Dylan B
TIP #10: Don’t Limit Yourself. Along with bad debt, there is good debt. Don’t limit yourself to your cash on-hand. The lower the price of the stock, the more money you should borrow. When you eventually sell your shares, your rate of return will more than make up for any bank payments you have to make. – Roosevelt C
TIP #11: Give Back.Giving back is a necessary step in getting out of the Rat Race. Newton’s law states, “For every action there is a reaction.” Give and you shall receive.– Lisa N
TIP #12: Put Your Ego on the Shelf.The game has showed me some things about myself I never would have guessed- like the fact that my ego gets me in more trouble than anything else. The deals you turn down count just as much as the deals you make. Don't let your ego get you in over your head.– Tami R
TIP #13: Be Able to Make Quick Decisions.As Robert says, “Fortune favors the prepared mind.” When the “Opportunity Card” comes up, you need to be able to determine if it is a good or bad deal quickly. Otherwise, just like in the “real world,” you might miss a great opportunity. – Phil L
TIP #14: Learn From Your Mistakes.Mistakes are opportunities to learn something new. Take risks, make mistakes… and be smarter for it!– George C
TIP #15: Give Feedback to Fellow Players, Not Advice.Feedback occurs after the action, advice happens before the action. Your fellow players will learn more if you tell them what they did and how they might try a different approach next time, rather than telling them what to do and how to do it.– John D
TIP #16: Reinvest Your Cash.Don’t let it sit there doing nothing… get your money working for you so you can get out of the Rat Race!– Jenny M
TIP #17: Learn From Others.Take note of fellow players’ winning game strategies. Next time, test them out for yourself.– Cheridan S
TIP #18: Overcome Fear.Fear isn’t the problem; it’s how you handle fear: specifically, the fear of losing money. Losers are defeated by failure. Winners are inspired by it.– Jorge T
TIP #19: Always Look For Opportunities.No matter where you are in the game… always be on the lookout for opportunities.– Elle J
TIP #20: Reflect on Lessons Learned.Always think about what you can learn from the game you just played. You may not always have time to reflect on the game as it is played (and sometimes it is more interesting NOT to play, but to just observe!), but you should always take time later to think about the game and what it taught you. This is part of the educational process and so it should be savored. You can learn a lot about how investing works, how well your investment strategies pay off, and what it takes to exit the real Rat Race. – Dave G
TIP #1: Never...Ever...Quit.
I believe that there are many things to understand to succeed at the game. But, for me, the most important is: NEVER, EVER, EVER, EVER QUIT -- ON YOURSELF! No matter how you feel, NEVER QUIT!– Kathleen M
TIP #2: Step Out of Your Comfort Zone.CASHFLOW 101 is so powerful because it reflects your true behavior and allows you to take risks in a safe environment. Step out of your comfort zone, and do things you may not feel comfortable doing in the “real world.” You’ll be amazed at how it changes your perspective.– Jack N
TIP #3: Celebrate the Joy of Success.The biggest 'tip' I have learned so far is that your way to wealth is the joy- not the wealth- you achieve. This became very clear to me after playing dozens of times and realizing that I would actually SKIP the Dreams on the Fast Track! I was more interested in winning the game than 'golfing around the world.'– Jeff B
TIP #4: Focus on Your Goals.I found that while playing the game, I would focus on the 'negative' spaces – "Baby" or "Downsized" – and hope not to land there. I was focusing specifically on what I didn't want, and, oddly enough, landing on those spaces most often. I began to repeat the numbers I WANTED to have come up, and just as oddly, those numbers seemed to come up more than mere chance would support. The lesson is simple: focus on your goals, not on what may go wrong. – Hugh C
TIP #5: Only Take Advice from Successful People.When the Opportunity Card comes up, some people look to fellow players for guidance. Make sure that those you take advice from are having success and on their way to getting out of the Rat Race!– Cal J
TIP #6: Your words are your reality. Never Say “Can’t.”There is ALWAYS a way. Think outside the box. Find a way to make your “can’t” a “can.” – Grace N
TIP #7: Take Note of Your Overall Habits.After playing the game, take note of your overall habits- good and bad. Evaluate how those habits helped or hindered your game play. In the next game, make a concerted effort to change the habits that may have prevented you from getting out of the Rat Race.– Toni E
TIP #8: Get Rid of Bad Debt.The thing that has expedited my exit from the Rat Race: Paying off ‘bad debt.’– Bridget S
TIP #9: Create Your Own Rules.Creating your own rules (or modifying the game rules) can make CASHFLOW 101 more challenging. For instance, play a game where you and your teammates:
(a) Pass on purchasing $1 & $5 stock deals;
(b) Remove $0 down real estate transactions;
(c) Remove all the doodad cards that are $100 or less.– Dylan B
TIP #10: Don’t Limit Yourself. Along with bad debt, there is good debt. Don’t limit yourself to your cash on-hand. The lower the price of the stock, the more money you should borrow. When you eventually sell your shares, your rate of return will more than make up for any bank payments you have to make. – Roosevelt C
TIP #11: Give Back.Giving back is a necessary step in getting out of the Rat Race. Newton’s law states, “For every action there is a reaction.” Give and you shall receive.– Lisa N
TIP #12: Put Your Ego on the Shelf.The game has showed me some things about myself I never would have guessed- like the fact that my ego gets me in more trouble than anything else. The deals you turn down count just as much as the deals you make. Don't let your ego get you in over your head.– Tami R
TIP #13: Be Able to Make Quick Decisions.As Robert says, “Fortune favors the prepared mind.” When the “Opportunity Card” comes up, you need to be able to determine if it is a good or bad deal quickly. Otherwise, just like in the “real world,” you might miss a great opportunity. – Phil L
TIP #14: Learn From Your Mistakes.Mistakes are opportunities to learn something new. Take risks, make mistakes… and be smarter for it!– George C
TIP #15: Give Feedback to Fellow Players, Not Advice.Feedback occurs after the action, advice happens before the action. Your fellow players will learn more if you tell them what they did and how they might try a different approach next time, rather than telling them what to do and how to do it.– John D
TIP #16: Reinvest Your Cash.Don’t let it sit there doing nothing… get your money working for you so you can get out of the Rat Race!– Jenny M
TIP #17: Learn From Others.Take note of fellow players’ winning game strategies. Next time, test them out for yourself.– Cheridan S
TIP #18: Overcome Fear.Fear isn’t the problem; it’s how you handle fear: specifically, the fear of losing money. Losers are defeated by failure. Winners are inspired by it.– Jorge T
TIP #19: Always Look For Opportunities.No matter where you are in the game… always be on the lookout for opportunities.– Elle J
TIP #20: Reflect on Lessons Learned.Always think about what you can learn from the game you just played. You may not always have time to reflect on the game as it is played (and sometimes it is more interesting NOT to play, but to just observe!), but you should always take time later to think about the game and what it taught you. This is part of the educational process and so it should be savored. You can learn a lot about how investing works, how well your investment strategies pay off, and what it takes to exit the real Rat Race. – Dave G
Boardgame
Summary:
Cashflow 101 has taught me many valuable lessons in real life.
Basically, money is just a figure in your head. It it what you think it is.
Many people think they should not think too much about money because they want to have a healthy attitude towards money. But I feel that most people I know really do not know well enough about money.
Money is a bad master. It lets you feel great about having it in your pocket and makes you crave more because of the excitement you get from your good purchases. At the end of the day, you have made the purchase and very soon after you will probably need to find money to buy something else - either an enhancement, or something else totally new.
I first heard about Cashflow 101 a couple of years ago when I chanced upon an article somewhere and registered for it. The date with destiny was on a Saturday afternoon and at Queenstown CC. There was a sharing session by one of the young guys and somehow, what he said connected with what I had been hearing from some other people before. However, sceptical about money-worldliness as I was before, I dared not think too much into such things. After all, insurance seemed to be more accepted thing to talk about during those times than about making money (for Christians).
Looking back I am still wondering how I could actually go sign up for the game even tho I would be sitting in the midst of total strangers! And playing board-games with them??? To make a long story short, I played the game but I could not emerge out of the rat-race. After the game, I had lived my next few years spending more money and investing in friendships, food and good cameras, handphones, PCs.... and courses. (But if the board had really been cheaper, I would have bought it actually. It's really something nice to have if you have the money of course.)
Anyway, another few years have passed since, and many things have happened. I suddenly woke up with this fear of becoming a burden to the people I love and also realised how much I wish to live freely on fresh air and sunshine, without being a burden to anyone - not even NKF, CCF, Ren Ci or St Luke, etc etc. I signed up for a few more courses and while on my way to a language class, I chanced upon this boardgame again. So I am playing it now. Will probably stop playing after my nieces and friends grow tired of it. Perhaps I will sell it like some others - secondhand - once they think they have mastered it. (Maybe same like Command&Conquer or Red Alert... ) But I would like to introduce this to my friends.... because this is a good chance to mingle around and have fun while you learn things together.
Cashflow 101 has taught me many valuable lessons in real life.
Basically, money is just a figure in your head. It it what you think it is.
Many people think they should not think too much about money because they want to have a healthy attitude towards money. But I feel that most people I know really do not know well enough about money.
Money is a bad master. It lets you feel great about having it in your pocket and makes you crave more because of the excitement you get from your good purchases. At the end of the day, you have made the purchase and very soon after you will probably need to find money to buy something else - either an enhancement, or something else totally new.
I first heard about Cashflow 101 a couple of years ago when I chanced upon an article somewhere and registered for it. The date with destiny was on a Saturday afternoon and at Queenstown CC. There was a sharing session by one of the young guys and somehow, what he said connected with what I had been hearing from some other people before. However, sceptical about money-worldliness as I was before, I dared not think too much into such things. After all, insurance seemed to be more accepted thing to talk about during those times than about making money (for Christians).
Looking back I am still wondering how I could actually go sign up for the game even tho I would be sitting in the midst of total strangers! And playing board-games with them??? To make a long story short, I played the game but I could not emerge out of the rat-race. After the game, I had lived my next few years spending more money and investing in friendships, food and good cameras, handphones, PCs.... and courses. (But if the board had really been cheaper, I would have bought it actually. It's really something nice to have if you have the money of course.)
Anyway, another few years have passed since, and many things have happened. I suddenly woke up with this fear of becoming a burden to the people I love and also realised how much I wish to live freely on fresh air and sunshine, without being a burden to anyone - not even NKF, CCF, Ren Ci or St Luke, etc etc. I signed up for a few more courses and while on my way to a language class, I chanced upon this boardgame again. So I am playing it now. Will probably stop playing after my nieces and friends grow tired of it. Perhaps I will sell it like some others - secondhand - once they think they have mastered it. (Maybe same like Command&Conquer or Red Alert... ) But I would like to introduce this to my friends.... because this is a good chance to mingle around and have fun while you learn things together.
Tuesday, September 25, 2007
Success is a journey, not a destination.
+++++++++++++++++++++++++++++++++++++++
Today, I received a very pleasant surprise. I wish my dreams will come true.
In fact, there were 2 pieces of good news I heard this afternoon (abt 5 mins apart).
If I don't mention this again next time (maybe 1 month down the road), guess it isn't good news like I'd thought ok?
+++++++++++++++++++++++++++++++++++++++
Today, I received a very pleasant surprise. I wish my dreams will come true.
In fact, there were 2 pieces of good news I heard this afternoon (abt 5 mins apart).
If I don't mention this again next time (maybe 1 month down the road), guess it isn't good news like I'd thought ok?
Sunday, September 23, 2007
Homefree
Nothing feels anything like home... being home.
Being home should give some one of the best feelings one can feel... unless for some, home is not the place they want to go back to, everyday after work.
What have you done lately about the place you call "Home"?
Many do not own one. But nevermind if it is not yours for now.. go build one. Or find one. Humans have homes, you know?
It has been built for you... by your parents. It has been your nursery, your secret hideout, your playground, your gym and your school ... This has been the shelter your parents built for you.
Now that you have grown out of it, what else do you wana do?
Being home should give some one of the best feelings one can feel... unless for some, home is not the place they want to go back to, everyday after work.
What have you done lately about the place you call "Home"?
Many do not own one. But nevermind if it is not yours for now.. go build one. Or find one. Humans have homes, you know?
It has been built for you... by your parents. It has been your nursery, your secret hideout, your playground, your gym and your school ... This has been the shelter your parents built for you.
Now that you have grown out of it, what else do you wana do?
Saturday, September 22, 2007
Something in your head?
Stress-level went rather high last week. Surprisingly, I could complete my assignment (only 1 out of 4) in 30 mins but wonder why it took me the whole of last week ....
Anyway, .... :)
++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
One day, the master asked his disciple a question as they were walking down a street,
"Can you guess a man's thoughts just by looking at the back of his head?" Junior pondered long and hard and finally, shaking his head, asked his teacher if he could.
By that time, the teacher had brought him up to the top floor of an inn.
They walked towards the balcony and gazed down upon the crowd that was moving on the street below.
"Try and see if you can tell where he is heading for."
"How is that so, teacher?"
"Sometimes what lies in front of him will stay awhile at the back of his head."
"If you have problem seeing, perhaps it is is easier if you try to see things from a different angle."
+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
Anyway, .... :)
++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
One day, the master asked his disciple a question as they were walking down a street,
"Can you guess a man's thoughts just by looking at the back of his head?" Junior pondered long and hard and finally, shaking his head, asked his teacher if he could.
By that time, the teacher had brought him up to the top floor of an inn.
They walked towards the balcony and gazed down upon the crowd that was moving on the street below.
"Try and see if you can tell where he is heading for."
"How is that so, teacher?"
"Sometimes what lies in front of him will stay awhile at the back of his head."
"If you have problem seeing, perhaps it is is easier if you try to see things from a different angle."
+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
Sunday, September 16, 2007
Recently quite a number of things took place both at home and at work. Ad-hoc ones. Also heard a number of seniors have resigned or relinquished their posts to perform mainly clinical roles.
Anyway, it's been a couple of weeks now since Julie and CK had passed the planes to me. I am now effectively the proud owner of 4 planes, plus plus !! (2 brand new!) Some things are happening rather fast now also. But perhaps so fast that I seem to be having more problems with some people at work lately. Ridiculous. But I guess it happens often to certain character traits who think they know everything.
Really I wish my future will be more pleasant and cheerful. Afterall, why should I bother????
Cloudy days ahead ... and I guess I should be bracing myself for more stormy weathers ahead.
It's such a pity. I will need to take stock again and do a personal revamp. Hey, it's time I should move on.
Mindsets are absolutely powerful. They create mental filters in your minds, eyes, and ears even before right informations could really get to you. Until there is no longer any use having to rethink because, why re-think when your mind is still wired to think the same way???
++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
If you need to get into some people's good books, don't rely on this - Gossip. It doesn't get you any higher by putting someone else down, does it?
++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
Why does a chicken wish to cross the road? Curiosity? Fun? Adventure?
Anyway, what are the chances of a chicken getting hit while crossing the road to the other side? Double that probability if the chicken wishes to cross the road twice.
1. It does not know the Rules
2. It probably won't know what is coming down on from the left and right.
3. It isn't meant to cross the road
So, don't cross that road unless the 3 conditions are first met.
++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
Anyway, it's been a couple of weeks now since Julie and CK had passed the planes to me. I am now effectively the proud owner of 4 planes, plus plus !! (2 brand new!) Some things are happening rather fast now also. But perhaps so fast that I seem to be having more problems with some people at work lately. Ridiculous. But I guess it happens often to certain character traits who think they know everything.
Really I wish my future will be more pleasant and cheerful. Afterall, why should I bother????
Cloudy days ahead ... and I guess I should be bracing myself for more stormy weathers ahead.
It's such a pity. I will need to take stock again and do a personal revamp. Hey, it's time I should move on.
Mindsets are absolutely powerful. They create mental filters in your minds, eyes, and ears even before right informations could really get to you. Until there is no longer any use having to rethink because, why re-think when your mind is still wired to think the same way???
++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
If you need to get into some people's good books, don't rely on this - Gossip. It doesn't get you any higher by putting someone else down, does it?
++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
Why does a chicken wish to cross the road? Curiosity? Fun? Adventure?
Anyway, what are the chances of a chicken getting hit while crossing the road to the other side? Double that probability if the chicken wishes to cross the road twice.
1. It does not know the Rules
2. It probably won't know what is coming down on from the left and right.
3. It isn't meant to cross the road
So, don't cross that road unless the 3 conditions are first met.
++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
Friday, September 14, 2007
Sunday, September 09, 2007
"A man on a straight road never got lost" - the little book said.
The master looked at his pupils after reading the statement out loud.
"Well, he could have missed a turn," one pupil said.
"What if he was just stationary?" another pupil asked.
"That's barking up the wrong tree!"
We have a problem. Everyone thinks he is right and continues on the same track all the way.
The master looked at his pupils after reading the statement out loud.
"Well, he could have missed a turn," one pupil said.
"What if he was just stationary?" another pupil asked.
"That's barking up the wrong tree!"
We have a problem. Everyone thinks he is right and continues on the same track all the way.
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