#CASHFLOW 101 GAME PIECES FREE#
Investing can set you free from the struggle of earning for a living and worrying about money Eventually he did own his own hotel right on the beach-and then a few more.Īs I shared before, I learned four valuable lessons from my rich dad by watching him play Monopoly in real life: He built his fortune from the ground up, starting with some small stores and moving into more and more sophisticated investments.
My rich dad didn't just play Monopoly with us on his sunny patio. It's a simple game, but an important lesson. Basically, more green houses and red hotels means more cash flow. In order to make more money, you develop and improve those properties, building houses and, eventually, hotels.įor example, having one green house on a property you own could make you $10 when someone lands on it. You purchase property, balancing cost and location, and collect rents when people land on your properties.
This one great formula rich dad spoke of was that of cash flow. Rich dad told us that, "One of the great formulas for wealth is found in Monopoly: four green houses, one red hotel." I don't really have a horse in the race when it comes to Monopoly game pieces, but this little piece of news did bring up some fond memories of playing the game with my best friend, Mike, and his dad, my rich dad. They opened public voting on what piece to remove in order to make room for more modern game pieces "like the hashtag, the wireless phone, and the rubber duck." After four million votes, the thimble was gone-and everyone is still trying to figure out why a rubber duck would be considered more modern. Of course, it's not really Hasbro that made the decision. Taking action, having fun, and growing your wealthĪ few years ago, Hasbro announced that they were removing the classic thimble game piece from the popular board game.