Friday, February 09, 2007

Cashflow 101 Gametime Report

I arrived late to yesterday's game at the library and took over for G, a librarian, who needed to go back to work. AK was a doctor. She struggled with continually picking up duplexes and large down payment houses in the Big Deal pile, which only added to her passive income a few hundred dollars at a time. Because she was a doctor, she had about $10 000 in expenses, which is a lot of passive income to build up.

I won the game by landing on my cheese/dream, fishing in Montana, after I had gotten another $20 000 positive cashflow on the fast track from a few businesses. I got out of the rat race with two high ROI (return on investment) businesses--a coin telephone business, and a pinball machine arcade. Do people achieve 96% ROIs in real life? However, getting out of the rat race took me more than an hour, even after coming late and taking over for G. So, I am back to the beginning of the cycle in aiming to get out of the rat race in under an hour three times in a row.

After the game, LL scrambled to get to the self-storage facility before it closed to store the game over night. I stuck around at the library and found another RichDad Advisors book. It is The ABCs of Getting Out of Debt: turn bad debt into good debt and bad credit into good credit. It is by Garrett Sutton. Robert Kiyosaki provides the forward. Robert must be making a fortune of passive income from his whole series of "advisors" books; every time I turn around, I notice a new title in the series!

Thursday, February 08, 2007

Cast Iron Enameled Pot





I was thinking of starting a separate blog for objects I love, but will just add them to my primary Cashflow 101 blog for now.

This pot has oak handles, attached with screws.

The orange enamel subtly changes hue from top to bottom.

The bottom reads: "Marquis of Queensburry Design, Royal Hunt, Gourmet Cookware, Made in England." There is a small horn between "royal" and "hunt"

This is one of my treasured finds at a local thrift store =)

I checked online and found this particular Marquis of Queensburry was involved in a design consultancy. It was at a time when people would buy things because an aristocrat designed it. However, the page also said the consultancy's objective was to bring good design to more people. I have no idea if this was sold in N. America.

I've been interested in cast iron for awhile. Our household has always used cast iron skillets, but I learned of dutch ovens from my wonderful fanatic professor. I'm interested in old companies like Copco.

Reminder: this is a doodad!

Wednesday, February 07, 2007

Current Status

Initially, I though this blog would cover my experiences playing Robert Kiyosaki's Cashflow 101 boardgame. I've played about 20 games since last August, and it might be too much to try and recount all of it. Let me try and bring readers up to speed with the relevant and important points.

I think I stumbled upon Rich Dad Poor Dad in 1999 at Borders. I ordered the game a year or two later and played with my Mom once or twice, but she wasn't that interested. The game sat unused for a number of years. I went away to Boston after 9/11 and got an Associate of Arts.

In mid-2006, LL posted on craigslist asking for Cashflow 101 players, and I responded right away. We met at the library a few days later and would continue to meet weekly. Because he was still trying to recruit other players, and I wasn't sure I could make all his desired gametimes, I offered to let him keep the game so that he could have on hand should there be a game I couldn't attend. Getting the game to LL took some back and forth. He never called me and it all had to be arranged through email. When I met him at the library and saw his layers of Walmart plastic bags, I put two and two together. I asked if he was homeless, which he confirmed. Since this time, LL has stored the game in his storage locker, which he visits morning and evening to get the appropriate items for daytime or nighttime homeless life.

I am frustrated with LLs procrastination, as well as my own. I see much of myself in him, which scares me. I started this blog in October, and he was talking about startin one way before that. In fact, LL is the one who gave me the idea in the first place. LL is still "studying" magazine articles on blogging and a book called Blogwild, for small business blogging.

Every so often, we will meet several times in one week for games, as we did last week. I especially went for this after LL read the letter from Robert included in the game saying that getting out of the rat race in under an hour three times in a row is a good benchmark to shoot for. This was something specific and measurable to shoot for. Specific and measurable is criteria frequently cited as very necessary for success in goal-setting and project management literature. After playing every week with no progress in the real world, I started to press LL about where we were going, and he did finally say that we should be playing less than once weekly by the end of 2007, and spending more time on application. When LL found Robert's letter with the getting out of the rat race 3x in a row in under an hour recommendation, it made it much less vague, and me more satisfied.

I have been able to get out of the rat race (GORR) in under an hour two times in a row. Then, I broke the cycle and had to start again. I was able to GORR an additional time in under an hour before the next game which took more than an hour. So I'm at the very beginning again.

Right now, I just want to avoid LL. I sense so many hypocrisies in him and it's driving me nuts. We had some arguments which I might try documenting later and were practically flaming each other on the email. I've been told by friends before and LL himself, that I'm way too sensitive about these things. It's true that LL thinks arguing is "fun" and he's always "joking" because he thinks I'm "hillarious."