Friday, February 09, 2007


SORRY!

My apologies for the delay in this month's newsletter. I have been pretty distracted lately with tax season in full swing and other irons in the fire. I won't bore you with the details. I just want you guys to know that I am sorry that it took me a little longer this time. This group is really important to me and I hope you can forgive the tardiness.

Even though I have played these games many times, it still surprises me when I learn something new. We had two new players pop in for January's game, Richard & Carlos. They both taught me a few things. Richard was very savvy with his stocks and I've incorporated what I saw him do with my own strategy of playing. Later Carlos chose a deal card and saw the amount of cash it called for and was going to pass on it. Then after a closer look he realized even after borrowing what he needed from the bank he would still be in positive cash flow. After that he used that strategy many times and accumulated loads of passive income. See, not all debt is bad. When you use loans as a tool to buy assets it can be a powerful tool for accumulating cash flow. When you use loans to buy "stuff" or things that don't pay you, the debt can eat away at your bottom line and keep you running in the rat race. Even though I am familiar with these different concepts, seeing them come out in the game helps to make it more real in my mind.

If there is something you have learned by playing the game and would like to share please post it on the blog. You can either post it in comments or if you like I can send you publishing access where you can submit your own posts. So far Gloria and Dave have full access.

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