Tonight, I just played 202 with my good friend Rob.
Man was there a lot going on!!
They weren't kidding when they said that you need a foundation from playing Cashflow 101 before playing 202.
Even with just us 2 playing, it seemed like deals were flying all over the place!
Here is a brief overview of the rules:
The object of the game is to get out of the rat race by earning a passive income that is greater than TWICE the amount of your total expenses!
On the fast track you must either buy your dream or buy two other dreams AND earn $50,000 in cashflow.
Now what makes the game a little harder is that now you can do some technical trading techniques on your stocks with short selling, calls and puts. Don't worry if you don't know what these are when you play the first time. It's all apart of the learning process!
The market volatility now comes into play where as it didn't quite so much in 101. In 101 if you had the $1 per share card you just sat and waited for the $50 per share card. Now you can make money if you pull a $50 card with a short or put. You're hoping the stock comes down!
It's a great opportunity to learn about these trading techniques especially since we're living at time where the market is really volatile!
There are also option deals on Real Estate and other advanced investing opportunities. There too many to go over, so you'll just have to come play it at our next meeting!
202 is definitely more action packed. You can do deals with other players where you can either try to negotiate to buy a property from them or you can partner with them! But watch out! A small earthquake can take away one of your properties. Or you can get market card that literally gives your property to the player on your right!! (This happened to Rob twice!)
Rob and I definitely had a good time playing and learning from the game. If you are learning to become a serious investor you need to play 202! I guarantee you'll learn more from this game than reading any book!
RSS Feed