Categories
Investment Seminars

My 12 Key Takeaways from the Cashflow 101 Event

Two weeks ago, I attended the Cashflow 101 board game / workshop at the Crown Plaza Hotel in Ortigas, Pasig City. This was my second time to play this board game. The first time was early in 2012 and that was also the first time I heard about the stock market, which I shared on one of my blog posts HERE.

Few days prior to this event, I met the organizers of the Rich Dad, Poor Dad events here in the Philippines, the smart and lovely ladies from Laurus Enterprises – Joana, Paula, and Jev. 🙂

During that meeting, we talked about the upcoming ‘Masters of Wealth’ Business Conference with Robert Kiyosaki and 7 other International Speakers. They also mentioned that they will be holding the Cashflow 101 board game in November, few days before the big event.

I got excited and I even told them that I attended that same board game in the past and I’ve been wanting to attend Cashflow 101 again.

I was surprised to know that Laurus Enterprises is the exclusive organizer of Cashflow 101 workshops and Rich Dad activities in the Philippines and has been the official partner of Rich Dad Training (S.E.A.) Pte. Ltd. since January 2005. Unfortunately, the one that I attended in 2012 wasn’t organized by them since they don’t hold their events in a restaurant.

Hmmm, I wonder who the organizers were on that first Cashflow 101 board game that I attended…

Anyway, I told them that I was really interested to attend their Cashflow 101 event and it was so sweet of them to have given me 2 complimentary seats for me and my friend, Shyne.

WHAT IS CASHFLOW 101

For those who are not familiar with this game, Cashflow101® is a board game created by Robert Kiyosaki, author of the Best-Selling book, Rich Dad Poor Dad, to serve as a bridge from learning the Rich Dad concepts from the books towards applying those concepts in a safe environment first (no real money is involved in the board game, this serves as a practice ground). It is only through practice that the firm foundation of financial literacy is formed. (Source)

Cashflow 101 is a half-day event that will give participants an overview and hands-on understanding on what makes rich people richer and poor people poorer.

The main goal of this game is to get out of the Rat Race and onto the Fast Track by building up your Passive Income to be greater than your Total Expenses.

AT THE CASHFLOW 101 EVENT

The event was facilitated by Jerome San, the only person in the Philippines that has been personally trained by Mr. Bellum Tan, the CEO of Rich Dad Training S.E.A. Pte. Ltd. And he is also the CEO of Laurus Enterprises.

Jerome San shared the principles of the Rich Dad, Poor Dad by Robert Kiyosaki before, during, and after the Cashflow 101 board game.

There were around 200 participants of the Cashflow 101 event on November 8, 2015, and one moderator was assigned in each table with 8-10 participants. Paula Lopez was the one assigned to us at Table 8. 🙂

cashflow 101-boardgame-jerome-san

My Key Takeaways from the Cashflow 101 board game and workshop:

  1. Focus on building and acquiring assets rather than liabilities.

Assets – are things or properties that will continue to work for you and provide you income whether you work or not.

Is buying a car an asset or a liability?

Answer: It depends… Will it provide you income whether you work or not?

  1. Build more passive income than active income and expenses. This will prepare you for your financial freedom.
  1. People don’t get started because they focus on the lack of capital, time, and know-how.

What to do?

Know what you have now – your resources, knowledge, skills, talents…

You might have what you need to get started. And along the way, the journey will provide what you need.

  1. Start small, think big. Start small, start now!

A lot of people always think of becoming rich right away. They want to have a huge business and lots of assets. But we should always remember, that it takes big to have big. Learn how to start small, but have a big goal in mind.

  1. If you’re employed, you work hard for money. If you have a business, your money work for you.
  2. If you’re building a career, make sure you’re building YOUR assets, and NOT someone else’s assets. (My favorite of all and also a wake-up call for myself)
  1. Use debt as a leverage to take advantage of opportunities.
  1. Take risks. Learning doesn’t only happen in school but also when you take risks. The greatest risk is NOT to take the risk at all.
  1. Every opportunity comes from a problem. Don’t be afraid when you encounter a problem for every crisis comes an opportunity.
  1. Solve small problems, get small profit. Solve big problems, get big profit.

Problem solving is a skill. The good thing is, skill can be acquired.

  1. Always play above the line. You’ll see your greatness if you see yourself above the line. Everyone is given different sets of potentials and skills. Our task is to enhance and maximize our skills to come up with something greater.
  2. Knowledge is not power. Knowledge is power with ACTION!

(Just a disclaimer, this list is only based on what I remember from the event and may not necessarily mean that these are the exact words or principles of the Cashflow 101 or Rich Dad, Poor Dad training.)

Even if I already attended the Cashflow 101 game before and I already had an idea how it was played, I was still very excited to play it again. And I wasn’t disappointed. I enjoyed every bit of the game. I learned a lot and I had so much fun. I was also one of the few lucky participants who finished the game with higher passive income than expenses, which is one of the main goals of this board game.

My challenge now is to apply the principles I learned from the Cashflow 101 event and to start working on building my passive income and acquiring assets over liabilities.

I know it’s easier said than done but I’ll do my best to follow these principles in real life.

Robert-Kiyosaki-LIVE-in-Manila

Robert Kiyosaki LIVE in Manila for the Masters of Wealth Business Conference

I would also like to take this opportunity to invite you to the Masters of Wealth Business Conference with Robert Kiyosaki and 7 other International Speakers including:

  1. Andrew Matthews – Best-selling Author and International Speaker
  2. J.T. Foxx – World’s No. 1 Wealth Coach
  3. Robert Riopel – Top International Trainer
  4. Bellum Tan – CEO of Rich Dad’s Training (S.E.A.) PTE LTD.
  5. Richard Duncan – Economist and Best-selling Author
  6. Mario Singh – Asia’s #1 Forex Coach
  7. Peng Joon – Authority in Wealth Creation Online

What You Will Learn:

  • The importance of financial education
  • Why right now is your best opportunity to start a successful business
  • How good debt is easy to get and can make you rich
  • Raise venture capital to fund your dream
  • The skills you must know for business, sales, and entrepreneurial success
  • What holds back the average person from achieving more in life
  • How to transition from an employee mindset to a business owner mindset
  • The good, the bad, and the great opportunities to thrive in 2016
  • What you will need to capitalize on global volatility in 2016
  • Generate multiple streams of income before the crash in 2016

This is a rare event and it will happen on November 30, 2015 at the SMX Convention Centre, Mall of Asia, Pasay City. You may visit Manila Workshops for more details and ticket availability.

This is rather a long post but I hope you learned a lot from what I shared here. Thanks for reading and let’s hope and pray for a brighter future for all of us!

How about you, have you already attended the Cashflow 101 event? How was your experience and what did you learn from the game? 

Categories
Investment Stock Market

My First Day in Stock Market Trading

April 28, 2014. Monday. I woke up very early… I felt like it was my first day on my new day job. And I didn’t want to be late so I came to work early. But in real life, I was just at home. I logged in to my computer around 8:30AM. Read some articles and news on COL and PSE’s websites. Reviewed the stock list and quotes. And did some comparisons with the stock prices.

At exactly 9:30AM, the trading began. I didn’t know what to do… I didn’t understand the numbers. I just observed the changes in the values of each stock and the changing of the colors from green to orange and to red which I didn’t understand either. I observed the numbers of the companies that I’m familiar with like PLDT, Jollibee, Meralco, BPI, BDO and ABS-CBN. The rest, I didn’t know what they are.

While observing, I also did some side research about the other companies on the active traders list. And as I was getting keen on the changes of the values, my mathematical and analytical skills also started to get involved. So I made computations from the current values to the previous ones, for one company to another, checked the highs and lows, analyzed historical data and charts, and reviewed what other traders were buying and selling and at what values.

I already got an idea on how to do it based on my observations. But I wasn’t confident. I was hesitant. I was afraid. I knew that this is totally different from the Cashflow 101 board game that I played before. There weren’t emotions like these during that time even if I lost money because I knew that it was all play money. And this one is the real game. We’re no longer talking about play money here but REAL MOOLAH. Hard-earned money yes. And that’s what makes it more challenging.

Time was running and the values were constantly changing. I felt the urge to start doing too. So, despite the varied emotions that I was feeling that time, I finally made a move. I picked two companies that I haven’t even heard of before and made my judgment based on what I have observed so far. The first company was Marcventures Holdings, Inc (MARC) and the second was Bloomberry Resorts Corporation (BLOOM).

Why these two companies of all the others on the list?

Simple. I did the math. Not algebra or calculus but just the simplest math. In fact I only used division, multiplication, and subtraction.

How?

I may not be very good in explaining the numbers yet but I’ll try my best to explain it the simplest way I can.

So this is how I did it. For example, I have P50,000 and the current value of the company or stock that I want to buy is P11.40 per share. I divided 50,000 by 11.40 and I got 4,385.9 which becomes my total number of shares. When the price of that stock went up to let’s say P11.9 per share, I then multiplied 4,385.9 (my total number of shares) by 11.9 (price per share) and I got P52,192.21. My initial capital was P50,000 and after buying and selling my shares, I earned a profit of P2,192.21. Assuming there’s a 20% (could be lower) deduction for charges and tax which is about P438.442, my net profit would be P1,753.768.

COMPUTATIONS:

50,000 / 11.40 = 4,385.9

4,385.9 x 11.9 = 52,192.21

52,192.21 – 50,000 = 2,192.21

2,192.21 x 20% = 438.442

2,192.21 – 438.442 = 1,753.768

I don’t know if you’ll find this easy but this is just how I used my mathematics. I could be wrong. Or there may be other blogs and articles that will show you better computations or techniques on how they do their math and analysis. I’m just sharing mine in case some of you may be interested.

Remember this is my first day of trading and I didn’t have any fundamental or technical knowledge about stock market. I just did it my own way. And as I’ve said in my previous post, I’m looking forward to learn more along the way.

Categories
Investment Stock Market

How I learned about Stock Market

4/26/14

Getting into the stock market was one of the hardest decisions I’ve ever made. It’s seriously NOT easy.

I initially learned a bit about stock market when I attended a half-day workshop called Cashflow 101 early in 2012. I found it interesting but due to lack of knowledge, resources and motivation, I totally forgot about it. I just thought it wasn’t for me and it wasn’t my thing.

When I got pregnant last year, I was advised to be on strict bed-rest due to some health reasons. And this was when I spent almost all the days and hours reading everything about investing, parenting, blogging, and anything that I can think of. Thanks to google for providing me the answers to all my questions and queries.

Two of my favorite blog sites that are related to investing in the Philippines are frugalhoney.com and thewiseliving.com. But there are a lot more on the world wide web. Just search “how to invest in the stock market, how to earn passive income, how to make money grow” and surely you’ll be directed to various helpful blog sites.

Reading blogs and articles online has indeed helped me in understanding not only investing in the stock market but also with other investment vehicles like mutual funds, UITFs, VULs, insurance, among others. It’s been almost a year since I started reading blogs and just a few weeks ago, I finally got the courage to open an online account for my stock market venture. And just like what I said early on, it wasn’t easy. And that’s the very reason why it took me some time to finally take on this challenge.

Almost everyone who ventures into any investment vehicle has his/her own turning point. And mine was simple. A few days before I opened my account, I stumbled upon a blog with a quote from Mike Dooley that says

The best way to live the life of your dreams is to start living the life of your dreams today, in every little way that you possibly can.”  

I suddenly felt awaken when I read this. There are so many things that I would like to do but I fail to simply because I don’t start it. Fear and pride keep on pulling me back from the starting line. I’m afraid that I might not be successful or that I might lose all my capital. I’m afraid that my family and friends would criticize or look down on me for not meeting their expectations or whatsoever. I’m always afraid of failure and that’s the reason why I just always want to keep it safe by not doing it at all.

I realized that I won’t know whether I will be successful or not if I won’t try anything at all. Most if not all successful people started from small things or even nothing before they became successful. And that’s because they took the risk.

I didn’t want to start yet because I felt that I wasn’t fully prepared and my basic knowledge about investing was not enough to get this started. And I had been delaying this for a few months already. Then I realized that there will never be enough because learning is a continuous process. It never stops thus we can never get enough of anything. But we can stick to what we have now and use it to start on this journey. We will never get close to our dreams if we don’t make the first step. And I’m glad I’ve made mine!

And I’m positive that all the rest will be learned along the way…

Categories
Investment Stock Market

Cashflow 101

4/26/14

Investing in the stock market is not completely new to me. I first heard about it two years ago (2012) when I found an item on Metrodeal about a seminar-workshop on investing.

It’s called the Cashflow 101 and after checking all the details, I bought it online and attended the half-day event at Spicy Fingers, Greenbelt 2 Ayala Center, Makati City.

As far as I remember, it started with a short topic about investing and what makes rich people richer and poor people poorer. I forgot the name of the speaker but after the short talk, it was then followed by the workshop proper.

I really had no idea what the workshop would be like before I went to the venue and I was surprised when I found out that it was literally a board game. I’ve never played it before but my thought that time was that this was similar to the millionaire’s game. No real money was involved, only play money.

During the game, we were given same amount of cash (play money) and we simulated investing in stock market, buying properties, putting up businesses, and spending for our personal needs and wants. Whoever gets the highest amount of assets and fewer liabilities at the end of the game will be the winner, which meant that he was able to manage his funds properly and earned substantial returns.

The P340 fee that I spent for this event was really worth it. Not only did I enjoy the board game but also the delicious lunch that they served. More than that, I learned new things about taking control of my personal finances, proper cash flow management, and how to earn passive income. One thing that caught my interest was investing in the stock market which I had no idea on how to do it. All I knew when I heard about stock market back then was that it was only for the rich people and the businessmen.

One of my co-participants in that event encouraged me to invest in the stock market and she referred me to the Philippine Stock Exchange website for more info. I did check it when I got home but I didn’t really understand what stock market was all about even after reading some resources.

I totally forgot about the cashflow101 workshop and stock market investing until after two years when I got ample time to read and read and read anything that I found online about investing… And now I’m proud to say that even if I am still a newbie in the stock market, I am ready to take on the challenge and I’m excited to play the real game.