Cashflow 101 full#
Cashflow 101 free#

Cashflow 101 free#

'We are on our committed guidelines of becoming free cash flow positive by the year-end,' Sharma said. Paytm founder and CEO Vijay Shekhar Sharma, in an earnings call, said that growth for the company in the June 2023 quarter came on account of expansion in payments, financial services and commerce business.

Cashflow 101 full#

All readers must accept full responsibility for their use of this material.Fintech firm One97 Communications, which operates under the Paytm brand, expects to generate free cash flow by the end of this year, a top company official said on July 22. * DISCLAIMER * The author, publisher and distributors particularly disclaim any liability, loss, or risk taken by individuals who directly or indirectly act on the information contained herein. But I did not have enough saving, thus I had gave it a miss. In the board game, I had a golden chance to invest on something that really gave good returns. Lastly, I realized that it is important to save so that I could invest when a golden opportunity came knocking on my door. Thus, it is important to manage my cash flow carefully in real life. Thirdly, I realized that if I was too greedy in the game and over invested beyond my financial means, I could easily go broke due to unexpected expenses or lost of job. If I want to get out of rat race in real life, then I have to learn to invest and build passive income. Saving is very important! But saving alone will not get me out of the rat race. Secondly, if I did not invest in things that generate me passive income, I would take a very long time to clear my mortgage and debts by just saving. This gave me a glimpse of what my future would be liked in the next 10 years if I remained in the rat race track. If each complete cycle were to represent a year, then time really flies fast on the board game. In the board game, the rat race track is very short circular track. And it would be like that for the rest of the years to come. My monthly salary would not increase much annually. Firstly, if I were in the rat race track, I would be just waiting for paycheck after paycheck. Now, let me shared with you what I had learned so far from playing the board game. I hope that you can visual the board game to a certain extent. That is just an introduction based on my personal experience of playing the game. This is provided that they learned about cash flow, expenses, investment and building passive income. It also provides the players a glimpse of an alternative bright future if they get out of the rat race. It is like giving them a glimpse of the future of what may happen if they stay in the rat race. In summary, the game gives the players the chance to experience real life situations even before they have happened. Once he has attained that, he will try to buy his dream or accumulate an additional $50,000 monthly cash flow to win the game. In order to get out of the rat race to the second track that is known as the fast track, the player has to learn to invest until his passive income surpasses his expenses. He may also encounter a situation where he does not have the cash to invest in a golden opportunity. Basically, the player will encounter very real life liked situations that required decisions on investments. Also, the player will encounter opportunity to invest in shares, real estates, businesses and so on. He will face financial worry or difficulties like in real life situations. He may lose his job thus no income for a few months. He may also have another child that causes his expenditure to go up. In the rat race track, the player may be required to spend for vacation.

The first track is where everyone starts playing. It is similar to keeping track of financial statements in real life. To start the game, each player has a score sheet to track his passive income and expenses. It aims to teach the players the concepts of investing and building passive income.

Cashflow 101 is a board game designed by Robert Kiyosaki, the author of Rich Dad, Poor Dad. This may help you to understand what I have learned so far from playing the game. But before I go about describing what I have learned, it is important that you have a general idea of the game. Of course I did not have an immediate enlightenment on the concepts that the game is trying to teach! Neither do I claim that I have understood all the concepts. And I had really learned a lot from just playing the game.