Download Rich Dad financial tools here to check the cash flow of your investments. Cashflow ® 101 Financial Statement. Download the Real Estate Evaluator (Excel).
I have played these games and as far as pricing goes - they are very expensive to own. You can learn many of the same principles by playing monopoly. There is even a book out called 'Everything I know about business - I learned playing monopoly'. I bought several copies and geve them to my brothers and sisters as a thank-you for those sunday afternoon 4-hour games we had. Their attempts at winning by cheating helped out too. As a kid you do not think of changing in 4 green houses for 1 hotel as doing a 1031 exchange.
Knowing all these things while young probably would have took all the fun out of playing, but again monopoly was originally developed to be used in the business school and not for the public. Thanks for the awesome responses guys! Exactly the input I was looking for! @Bryan- Do you know if 202 takes these into account somehow? I haven't actually played 202 at all @Will- Haha Is it bad that my first thought after 'Wow, what a fun way to reinforce investment fundamentals' was 'This would be an amazing drinking game' @Rudy- I heard 202 broadens the investment horizon with a lot more stocks and things other than RE. Did you find this in your experience?
@RealtyMan- If money was no object would you prefer monopoly or Cashflow 101/202? Nic, I have played and own both 101 and 202. I have found the games very valuable as a motivational tool. If I can't find a deal in real life, I find some like-minded people to play the game with and the world seems to be full of opportunities again. It has helped me a lot.
I think most of the games' value comes from networking opportunities that arise when playing the game with other people. In the real life, not online. And yes, CF101 is a great drinking game, when the players have some real deals in their hands in real life too;). Rich Dad has some informative books and materials, but after getting ripped off at a 3-day real estate investing seminar that was not about real estate investing but was an upsell for paying $10K to $65K - I became disillusioned with them. I still feel you can learn enough playing monopoly. Rich Dad sells his franchise opportunities and does not screen who he takes.
Easy Fill Prn Software there. Russ Whitney group was put out of business, but by buying a franchise license - they are again operational ripping people off using the Rich Dad branding.
Download a Statement of Cash Flows template for Microsoft Excel® The Cash Flow Statement, or Statement of Cash Flows, summarizes a company's inflow and outflow of cash, meaning where a business's money came from (cash receipts) and where it went (cash paid). By 'cash' we mean both physical currency and money in a checking account. The cash flow statement is a standard financial statement used along with the and. The statement usually breaks down the cash flow into three categories including Operating, Investing and Financing activities.
A simplified and less formal statement might only show cash in and cash out along with the beginning and ending cash for each period. To perform a cash flow analysis, you can compare the cash flow statement over multiple months or years. You can also use the cash flow analysis to prepare an estimate or plan for future cash flows (i.e. Como Hablar En Publico Sin Temor Pdf To Jpg.
A cash flow budget). This is important because cash flow is about timing - making sure you have money on hand when you need it to pay expenses, buy inventory and other assets, and pay your employees. A cash flow analysis is not the same as the or which are based on the Income Statement. However, for a small uncomplicated business operating mainly with cash instead of credit accounts, there may seem to be little difference. Cash Flow Statement Essentials Operating Activities Operating activities make up the day-to-day business, like selling products, purchasing inventory, paying wages, and paying operating expenses. Perhaps the most important line of the cash flow statement is the Net Cash Flow from Operations. This section of the statement is associated with the Current Assets and Current Liabilities sections of the Balance Sheet, as well as the Revenue and Expenses section of the Income Statement.
Investing Activities Investing activities include buying and selling assets like property and equipment, lending money to others and collecting the principal, and buying/selling investment securities. This section of the statement is associated with the Long-Term Assets section of the balance sheet. Financing Activities Financing activities include borrowing from creditors and repaying loans, issuing and repurchasing stock, and collecting money from owners/investors, and payment of cash dividends. This section of the statement is associated with the Long-Term Liabilities and Owners'/Stockholders' Equity from the Balance Sheet. I'm not going to try to explain how to prepare or analyze the cash flow statement other than to say that if you have the records of all the cash transactions, then the preparation can be done using the simple method of categorizing the receipts and payments into the three categories listed above.
The indirect method can be used to create the statement of cash flows from the information in the balance sheet and income statement, but I'll leave that explanation for the textbooks. For more information, see the references below. References: • Financial Accounting: Reporting and Analysis by M.A. Slice, and J.D. Slice., 2000.
• at wikipedia.org.