The Hound of the Wolf

For the strength of Pack is in the Wolf, and the strength of Wolf is in the Pack -Rudyard Kipling

Friday, February 27, 2009

Cashflow Board Game

The second edition of the Cashflow Board game of the sponsored by CondoInvestor pushed through last February 21 at McDo guadalupe. Officers of the PMT Coop led by rainmen and gr8collector explained the mechanics of the game. The 40+ people were divided into groups of 4 with 1 banker on each group. My group mates are quite excited. The group's banker is very patient in explaining the intricacies of the game. We were then given 'hypothetical' jobs with varying incomes, expenses, liabilities and assets. I am an office secretary, a mid-paying job.

The rat race track is divided into the following categories: opportunity, pay checks, babies, charities, downsize and the market. Avoid babies and downsize for it could add figures to the expense column or cut off income. In order to win the game, the cashflow should exceed the expenses.

One of my group mates, Rovhie, was able to get out of the rat race in about 2 hours. I am winning during the first instances of the game but eventually succumb to the agony of being 'downsized' three times in the game. I wasn't able to get out of the race (cashflow: 400, expense: 1700), but I definitely gained lots of lessons in investing. After the game, I am a low risk, low return, high security type of investor. An investor who wants to play it safe.

CI did a humorous presentation of his financial life. There have been early dropbacks but he was able to recover after going through some soul searching and imbibing the lessons of cashflow board game.

Here is a link of last saturday's cashflow board game courtesy of mark3acsay: