#CASHFLOW GAME BALANCE SHEET GUIDE HOW TO#

Simply find the specific item on your Financial Statement, click on that item – a RED line will cross out that item to be removed. When it comes time to REMOVE items from your Financial Statement a box will pop up to prompt you. If you aren’t sure where something belongs, click on the help button. To do this, click on the item and hold down your mouse button while dragging that item to the section in your Financial Statement in which it belongs. When it comes time to add items to your Financial Statement you’ll be asked to drag each item over to the correct position. UPDATING YOUR FINANCIAL STATEMENT Adding Items For example: cars (which aren’t rented), boats, and your own home mortgage. Liability – Something that takes money out of your pocket on a monthly basis. For example Rental Properties, Stock Dividends, Businesses that someone else runs for you. These include the cost of liabilities and can also be items such as clothing, groceries, car payment, etc.Īsset – Something that puts money in your pocket with minimum labor from you. If it comes from your job as an employee, it’s considered Earned Income.Įxpenses – Money that is spent each month are called Expenses. If this money comes from Assets that you own, then it’s considered Passive Income. Income – Money that flows into your pocket each month is your income. These items are displayed at the bottom of the computer screen.

Shows all the items you own (Assets) and all the money that you owe (Liabilities) to someone else. Your Income Statement is shown on the left side of the computer screen. This is the bottom-line on your current financial situation because it shows whether you’re making money or losing money on a monthly basis. Tracks all the money you make (Earned Income and Passive Income) and all the money you spend (Expenses) on a monthly basis. Your Financial Statement has two important parts associated with it – the INCOME STATEMENT and BALANCE SHEET. PARTS OF THE GAME THE FINANCIAL STATEMENT

In CASHFLOW® 202 you WIN the game if you are the first Player to increase your Fast Track monthly Cash Flow by $50,000 AND buy your own DREAM OR any two others. In CASHFLOW® 101 you WIN the game if you are the first Player to increase your Fast Track monthly Cash Flow by $50,000 OR if you are the first Player to buy your own DREAM. Once you’ve moved from the Rat Race to the Fast Track your goal is:Ģ.) Accumulate $50,000 in Fast Track Cash Flow by buying Fast Track businesses.ġ.) Accumulate $50,000 or more in Cash Flow from businesses bought on the Fast Track ANDĢ.) Buy your dream OR any two other dreams. The Fast Track is the outer track in the game – it is also w here the rich play the game of money in life.

#CASHFLOW GAME BALANCE SHEET GUIDE HOW TO#

How to play game cashflow 101 and 202 The Fast Track YOUR 1ST GOAL: GET OUT OF THE RAT RACE AND ONTO THE FAST TRACK. To create Passive Income, you must buy investments which give you Cash Flow. Your Passive Income must be equal to or greater than $3,240 before you can exit the Rat Race. To do this, you must buy investments which give you Cash Flow (or passive income).ĬASHFLOW® 202 THE E-GAME: To get out of the Rat Race your Passive Income must be EQUAL to or GREATER than TWO TIMES your TOTAL EXPENSES.įor example: As the Truck Driver, you have Total Ex penses of $1,620.

Getting out of the Rat RaceĬASHFLOW® THE E-GAME (101): In order to get ou t of the Rat Race your Passive Income must be GREATER than your TOTAL EXPE NSES. The wheel of the Rat Race represents the life of most people who spend their time going around in circles and never getting ahead financially. ( 3) How To Play Cash Flow Game 101 & 202 – Game Rules The Rat RaceĮach Player will start in the Rat Race.

Cashflow game balance sheet guide