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It's possible to play fantasy spread betting, contracts for difference (CFDs) and foreign exchange trading on .uk. Virtual investing games such as Stock Guru on .nz allow investors to line up against others to build the largest portfolio in the time allotted and win. * Men are from Mars and Women are from Venus board game, because one of the largest financial mistakes anyone can make in their lives is getting divorced. Not everything depends on the roll of a dice.
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It requires more strategy than Monopoly, not just luck. * Anti-Monopoly - investors choose to be a monopolist or a competitor. Others The sharemarket is also well-served with investment games, although few are New Zealand based. It can be sped up by removing the Wild and Change cards that have notation "no change" to the property clock. The downside of this game is that it can take an awful long time to play.
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"You really need your calculator with you." More than one experienced investor, including the game's designer, property market analyst Kieran Trass, has gone broke by misjudging the cycle.Įngland says the Hybrid game is more educational than Cashflow, but more difficult as well. In each phase - the boom, slump and recovery - different opportunities arise. The board is set out as a Real Estate Cycle Clock and each time a player lands on a Change Card, the clock moves. The aim is to be the first player to achieve his or her financial goal, which will be a preset level of equity and passive cash flow.Įach player is issued with a job card, cash equal to their starting pay, and a game token. It's about surviving the inevitable downturns. Unlike Cashflow, the Hybrid game just deals with property investment. Hybrid Real Estate This game is based on the idea that at different times in the property cycle different strategies are needed to survive or grow your empire.
#No way to play cashflow 202 software#
There is also a software version available. Cashflow 101 costs $395 from .nzĬashflow 202, a version for more experienced players who have the 101 version, costs $275. But the cons are that it can take a long time to play (as little as one hour, I'm told, but my experience is more like three) and the Rat Race circuit can be boring. The game requires strategic thought, more than accounting skills. Once out of the Rat Race, investors enter the Fast Track outer circle of the game where they must either accumulate more than $50,000 per month or buy a dream. Players throw the dice and tread the mill until they can escape by building up sufficient cash-flow positive assets to exceed their everyday living expenses by purchasing investment properties, mutual (managed) funds, and shares. Players start the game by putting their rat on the board, choosing a profession card and getting an annual salary and expenses to go with it and a balance sheet, in which you need to record assets and liabilities. This game is based around a Rat Race treadmill. Robert Kiyosaki's Cashflow 101 Cashflow 101 is designed to develop both business and investment skills. Specialist mortgage broker Mike England, who runs PropertyTalk's Christchurch events, rates investment games as educational and motivational. Investor, seminar presenter and property investing author Ron Hoy Fong admits that he's gone bankrupt on paper several times while playing the Hybrid Property Game, which is designed to teach investors about the property cycle. "Every time you play them something different happens and you have to revise the way you think about investing," says Susan Raymond. Roger and Susan Raymond, president and secretary of the Northland Property Investors Association, play Cashflow or Hybrid whenever they lose motivation. Groups of investors sometimes get together for afternoons or evenings of playing these games through the website and also the Hybrid Group. New and experienced investors alike benefit from a long night of playing the property or sharemarket around a table. Games such as Cashflow 101, from Robert Kiyosaki, author of the Rich Dad, Poor Dad series, and New Zealand's own Hybrid Property Game aim to simulate real life investing scenarios and offer a safe environment to play with numbers and focus on goals, while experiencing the opportunities and pressures of different phases of the investment cycle. What better than a fun game over the summer holidays that builds investing prowess. "Monopoly on steroids" is how financial board games are billed.