*Important: If you want to get the MOST out of your understanding of the Cashflow Game, please play the Cashflow Game at least once or twice before looking at this Decipher of Cashflow Game Cards Series*
The second card of this series that we are going to decipher is the card attached below…
The obvious question to ask is whether this is a good or bad opportunity? In the Cashflow Game, it really depends on which occupation are you and which stage of the rat race are you at. Due to the fact that there is only ONE market card that sells that piece of land and the opportunity is one of the most expensive deal in the Cashflow Game, it may n ot be the best deal you should be looking into. Of course, if you have lots of spare cash and you don’t mind hope and pray, you can consider the deal. I have personally once bought the opportunity from some other player, before even I finished writing, someone took the market card to sell the land *lucky* Hence, please have a financial plan once you know what occupation you are . This will give you clarity of what opportunities to tap on.
Today’s Sunday Times, Ms Lorna Tan discussed about Land Banking. Like in the Cashflow Game itself, not everyone is suitable for Land Banking. Investors most of the time have to wait more than 5 years. And recently, there was some woes happening around Land Banking with Land International (Far East) (closed due to insolvency) asking investors to invest into protected land and Profitable Group not giving any returns to their investors. However, investors have too benefited from Land Banking. I personally known Land Banking investors managed to get a ROI of 20% to 24% p.a. from land bought from Walton International.
To summarize, if your Written Financial Plan doesn’t include Land Banking at the moment, please stick to the plan and don’t be swayed by the sales pitch by Land Banking Consultants. That is why having the “RIGHT” team of advisers is very important. In Cashflow Warrior, we strongly advocate the whole team of advisers must believe in the Cashflow Concept, so that the person is advised by all with the same objective resulting Financial Freedom will be achieved faster 
Max Tay
Cashflow Game Singapore
Hi All,
I know you saw the Cashflow 101 E-Game Intro before nonetheless this is the “best” one I could find on Youtube for those who haven’t seen before
*Important: If you want to get the MOST out of your understanding of the Cashflow Game, please play the Cashflow Game at least once or twice before looking at this Decipher of Cashflow Game Cards Series*
The first card of this series that we are going to decipher is the card attached below…
So what do you think of this card? Is this a good or bad opportunity?
The answer is IT DEPENDS isn’t it very confusing? In my humble opinion, it does. There are several deciding factors in the board game and real life: Downpay, Cost, Cash Flow and lastly, Trading Range… Of course, in this scenario, the downpay is $0 (rather amazing), Cost is slightly below the Trading Range and the Cashflow is just -$100. Hence, if with the negative cashflow, your Monthly Cashflow is still in a healthy range of more than 50% (in the game, in real life, I would prefer about 75%), then it may be a good gamble.
As you might see, I emphasized on the word “Gamble”, as there is no way which way the market will go in real life. Trading range of the property depends heavily on how well we or our Real Estate Specialist understand that type of property in that area. That is the main reason why we seldom look at properties in the areas that we are not familiar
Please leave some comments on your thoughts about this deal
Max Tay
www.CashFlowGame.com.sg
“We hope that through YouTube, more people will know about CFWA. We want to convey a message which – You can play your way to Financial Freedom! It simply means that now everyone can be empowered with financial intelligence in a fun way to achieve Financial Freedom.” said the Chief Operating Officer of Cashflow Warrior Pte Ltd, Mr. Andrew Boey.
More videos will be uploaded on a regular basis and we hope to get support from audiences around the world.
Cashflow Warrior Youtube Channel: http://www.youtube.com/myCashFlowGame
Singaporeans who are not able to attend Cashflow games, which is usually organised on weekends, now have a chance to play the Cashflow 101. This is because Cashflow Warrior Pte Ltd (CFWA) just launched a Weekday Night session!
By logging on to http://www.CashFlowGame.com.sg, all users now can have the option to register for the Weekday Night Cashflow Games in Singapore!
Mr Andrew Boey, Chief Operating Officer of CFWA when interviewed stated that “We see a growing demand for Cashflow 101 to be held at night rather than weekends, as their weekends are usually reserved for their family. Besides that, we always emphasizes on the need to have quality session. Hence, that is why we are launching only one Weekday Night at the moment to have trained Cashflow Game Leaders around.”
CFWA now offers Adults’ Cashflow 101 on Saturdays’ morning, Sundays’ afternoon and Weekday Nights sessions. Kids’ Cashflow Games will only be usually held every 2 months on Sundays’ afternoon. Hence, the sessions are designed to suit working adults with busy schedule.
If you are thinking of going for Cashflow Game but couldn’t as it is a weekend, now you can book from online today!
For more information, please visit http://www.CashFlowGame.com.sg
Jeremy just ORDed recently. He wanted to play the Cashflow 101 for a very long time. After playing Cashflow Game organised by CFWA (Register @ CashFlow 101 Singapore), he found it very beneficial as he learnt how to be financially free based on his current situation. He looks forward to play this game many times to learn even more.
Hi All,
Standard Chartered Marathon Singapore which starts on Dec 5 is aiming to hit 60,000 runners for the marathon. If they hit 60,000 runners, they would be the largest-ever marathon ever held here. There will be 3 routes – 10km, 21km and 42km for this marathon… You may ask Why suddenly write about Standard Charted Marathon? Well, what does a marathon have to anything to do with Cashflow Game or the concept itself?
Because both of them are long journeys in their own way. Both needs planning and its fun! Ironically, looking at the pictures, there seems that more people are interested in marathon than financial freedom. They put in more effort in planning the run than their own personal finance. I guess marathon run generally is more fun than planning and executing their own personal finance. And that is the main reason why we decided to run Cashflow Game is the main way to educate people on financial literacy.
Cashflow Game in our personal opinion is the best way to increase one’s financial literacy in the most fun way! This is why we organize 3 times per month for all. They just need to drop by our Cashflow 101 website and get themselves  registered in the mailing list. Look forward to embark this long marathon run to Financial Freedom now!
Max Tay
www.CashFlowGame.com.sg
Hi All,
Recently, I watched IP Man 2 and I am totally blown away by the movie. Â What impacted me the most was the sense of mission by Hung Chun-nam (played by Sammo Hung). He said, “I can bear with insults if it is just about my family and me… BUT if it is about Chinese Martial Arts, I must fight to defend it! Â That was what got Ip Man to be inspired and become a true Master.
Sense of Mission is always present in all Great Man… Lee Kuan Yew, Bill Gates, Warren Buffett, Dr Goh Keng Swee, etc… Hence, to be successful in life and business, does it mean that we need to have a sense of mission? Looking at the trend, it is definitely a YES! Sense of Mission will help one to overcome all obstacles. Â In our very own Cashflow journey, there will definitely be times when the obstacles seem like the end of the world, it will be our own sense of mission that will carry us through those obstacles. Ip Man chose to sacrifice witnessing his baby birth to train hard to fight Twister and if he doesn’t have the sense of mission, he won’t be able to do it.
That is why, at every Cashflow Game organised by CFWA (You can register yourself @ Cashflow 101 Singapore), the Host always say our Mission statement – “To Educate and Empower Individuals with Financial Intelligence to be Financially Free”. This is to remind everyone of us why are we using our precious weekends to organize the games and more importantly, why we set up CFWA.
Look forward to help more people to understand how can Cashflow concept help them to achieve Financial Freedom through the Cashflow Game! Ip Man has his mission, that’s why he is so famous. We have got ours’ mission, and hopefully we can be as famous as him… What’s yours?
Max Tay
Cashflow 101 Singapore
Cashflow Warrior Pte Ltd (CFWA), a Singapore-based Financial Education company that hosts one of the most Cashflow Games, has just announced that it have just launched a Franchise opportunity – Financial Freedom Franchise. Financial Freedom Franchise focuses on educating and empowering individuals with financial intelligence to be financially free, aiming to help Everyone Never Work Again!
Financial Freedom Franchise is an unique franchise opportunity that focuses on playing the Cashflow Game in Real life. With reference to the ESBI Quadrant, the Financial Freedom Franchise has a formula that helps an Employee (E) or a Self-Employed (S) to become Business Owner (B) before becoming an Investor (I). “This process of changing quadrant is done through a very unique system. The system focuses on 3 things – 1. Proven 2. Duplicable 3. Everyone Can Do It.”, remarked Mr Andrew Boey, Co-Founder and Internet Business Specialist of CFWA. “In our very own journey, we discover that a lot of individuals are fascinated by the Cashflow Concept taught in Rich Dad Poor Dad and the Cashflow Game BUT they have challenges putting it into practice in real life. In order to overcome that, we simplified Robert Kiyosaki’s teachings into a very simple Financial Freedom Formula = Written Financial Plan + Team of Advisors & Mentors + Power Investing (Paper, Biz & Real Estate) + Pay It Forward. And that is what the Franchise is essentially all about – Executing that formula!”
With a relatively low start-up cost and the ability to execute a proven system in a matter of weeks, Financial Freedom Franchise can be a great way to become a Business Owner. “All franchisees who executes the Franchise flawlessly for 1 year are GUARANTEED to earn passive income.”, added Mr Andrew Boey. “And that is why we advised all potential Franchisees who are interested in the Franchise must play the Cashflow Game at least twice with us (Register @ CashFlow 101 Singapore) and believe and wants to play the Cashflow Game in real life.”
If you are thinking of helping yourself to achieve Financial Freedom by playing the Cashflow 101 in Real Life and more importantly, would like to have the ability to help your friends to achieve Financial Freedom, register yourself in the mailing list from home today!
For more information about the Franchise Opportunity, please visit http://www.myFinancialFreedomFranchise.com.
- Emergency Funds
General rule of thumb for all our mothers is to keep at least 6 months of cash reserves and they can be parked in cash or near cash instruments such as savings, fixed deposits or money market funds.
[Author's Comment] As much as we like to keep as much money for emergency, most of the time, our Mothers might not have that much of money, hence they become our dependent. What most people do in this situation is to buy a relative cheap term insurance on ourselves to cover the survival needs of our loved ones. - Review of your Mother’s portfolio
There are different options for our Mothers, depending the adviser is from the Bank, insurance agents or Independent Financial Advisers – Annuity products, Structure Deposits or Unit Trust. Most of the Money Gurus advised against Shares due to the volatility.
[Author's Comment] Thanks to CPF Life, generally we have a so much better annuity product for our Mothers. However, to sustain a current lifestyle, what it offers is NEVER enough. Hence, most of the time, a more conservative portfolio of Unit Trust is recommended due to the liquidity. One of the very popular funds for this age group is First State Dividend Advantage which focuses on giving out cashflow (dividend) as a form of passive income. - Love Program
Money Gurus cannot emphasise enough about covering medical bills for our Mothers. They are encouraging us to use either our or parents’ Medisave to enhance their Medishield and Eldershield plans.
[Author's Comment] Foundation is always the key to how stable is all our Building. Similarly, Medical bills is the largest financial leakages to our Financial Plan, therefore we need to give our Mothers’ the strongest foundation that we can afford. Based on current CPF Act, we are allowed to use our own Medisave Account $800 per year for enhancement of our Parents’ Medishield and $600 per year for enhancement of our Parents’ Eldershield. Please be sure to take advantage fully of it as we cannot touch Medisave Account money except for bills. - Withdrawal Strategy
Generally most Money Gurus recommend our Mothers’ to have 2 pots of money – One for her living expenses and another is a low-risk portfolio which we touched on earlier. The 2nd pot is to make sure we don’t lose money safely, hence the need to hedge against inflation of 3 to 4%.
[Author's Comment] I generally prefers the Money Jars concept when comes to Cashflow Management. If proper Financial Planning is done for our Mother when they are at about age 40, I don’t think there will be an need to sell off the flat. The key is to start as early as possible.
- Estate Planning
Though a very sensitive topic but nevertheless, an utmost important issue to tackle. This includes our Mothers to make a will, update her CPF Nomination and apply for a lasting power of attorney (LPA) with regards to the newly implementation of the Mental Capacity Act.
[Author's Comment] The difference between the Will and the LPA is this – The Will handles the person’s wishes after death but the LPA handles the person’s wishes while alive but without mental capacity. And like what Ms Lorna said, please keep all legal documents properly known to the “donees” for LPA and executors of our Mothers’ will. You might want to consider talk to a Will Specialist to get started. - Investments to avoid
Generally, shares and foreign currencies are highly not recommended due to the high volatility of its nature. Unless our Mothers have the time to tide through any major market corrections, otherwise, generally it is safer to tag along the portfolio the Money Gurus mentioned earlier.
[Author's Comment] For most Mothers, a conservative portfolio is definitely recommended due to volatility and time constraint. The only other option I would recommend is seriously to use the Cashflow Concept to give our Mothers a better and far more secured way of a long lasting gift to them. Register yourself @ CashFlow 101 Singapore to play the Cashflow game with us to learn about the concept!
