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Cashflow (Rich Dad Poor Dad)

Twin Towers

Well-Known Member
Hey anyone here every played the game Cashflow (advanced more fun monopoly game) about how to get out of the "rate race"?

I thought it would be fun to set up a time with a few Jazzfanz and play every once in awhile. Argue about the Jazz, business, politics. If you liked Monopoly than you would love this game. Let me know if anyone wants to start something. Maybe like once a month.
 
Rich Dad, Poor Dad...the bible of MLM.
 
Enough to know it's not for me.
 
We did one MLM when we were first married, that was enough to know that we would never do that crap again.
 
Why did this all of a sudden become about MLM? Cashflow has nothing in the game about MLM? Its about real estate, stocks etc.
 
It also teaches you about wasteful spending and how to make your money work for you. There are a lot of different scenarios in the game. Trying to get your residual income replace your job. But no scenario involves MLM.

Robert Kiyosaki says MLM are great training and can really help you if you find the right company. But most of what Kiyosaki teaches is about totally different subjects. And he has been spot on for years. MLM companies push his name like crazy about he promoted the industry a few times.
 
It also teaches you about wasteful spending and how to make your money work for you. There are a lot of different scenarios in the game. Trying to get your residual income replace your job. But no scenario involves MLM.

Robert Kiyosaki says MLM are great training and can really help you if you find the right company. But most of what Kiyosaki teaches is about totally different subjects. And he has been spot on for years. MLM companies push his name like crazy about he promoted the industry a few times.
 
WTF is MLM?

You asked politely the first time. You are forgiven for your impatience evident in the second "cry for help" because you are not from Utah, the land of MLMs. Please review the movie "The R.M." which had Larry Miller playing a car dealer.

MLM stands for Multi-level Marketing. ala Amway, SlenderNow, NuSkin, well I have to confess after a two month hiatus in my life in the AmWay bog I never really listened very carefully ever again when somebody touched me on my shoulder and whispered "Want to Quit Your Job?" "Double your income in your own business selling invaluable products to your friends and relatives" or a host of other pick-up lines for fools. I have known a person or two who reputedly has been an early entrant into every MLM in Utah.

The scheme is you sign up, buy some products for yourself to enjoy but try to lasso ten or maybe fifty of your friends and relatives to be your "downline". They in turn each buy some product to see what it's all about, and you get a percentage of their purchases. They then each recruit ten to fifty of their friends and relatives who all buy some product to see if its worthwhile, and you get a percentage of all that. After several more generations of very active downline mental midgets you are getting a real cash flow----until everybody is already signed up and there's nobody left to recruit and then 90% of the people in town are just paying exorbitant prices for fairly ordinary soap--- or whatever.

Works like a Ponzi scheme, just like the Social Security Program where the newcomes to the system have to pay the freight for the old folks.

But this CashFlow game looks interesting to me. It's what I did before I got married. I guess I'll have to buy the game and challenge my wife to play it with me until she gets the idea.
 
Sorry its Multi-Level marketing, Network Marketing and as the uneducated call it Pyramid Scheme.

Many MLMs are or border on Pyramid or Ponzi schemes.

A Ponzi scheme is a fraudulent investment operation that pays returns to separate investors, not from any actual profit earned by the organization, but from their own money or money paid by subsequent investors. The Ponzi scheme usually entices new investors by offering returns other investments cannot guarantee, in the form of short-term returns that are either abnormally high or unusually consistent. The perpetuation of the returns that a Ponzi scheme advertises and pays requires an ever-increasing flow of money from investors to keep the scheme going.

In short, what Babe said.

Many MLMs don't go for very long because they are not built on the premise of making a profit for the company, rather making huge windfalls for the "ground floor" of the organization. Many are shut down after a few months or a year by the founders to avoid any lawsuits or other legal action, while they pocket what they made. Others start out this way then change their model to get more money out of new investors in order to make the actual organization more profitable to avoid legal action. And most MLMs fail.
 
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