Comments on: The Difference Between Good Debt and Bad Debt http://www.financialjesus.com/money-psychology/the-difference-between-good-debt-and-bad-debt/ Some people are rich long before they have money Thu, 09 Feb 2012 12:03:36 +0000 hourly 1 http://wordpress.org/?v=3.1 By: mikro http://www.financialjesus.com/money-psychology/the-difference-between-good-debt-and-bad-debt/comment-page-1/#comment-3892 mikro Thu, 14 Jan 2010 05:39:21 +0000 http://www.financialjesus.com/?p=802#comment-3892 It more on the cash flow focus strategy rather than the inherit value of the investment. But the real world always not the same, if you manage to buy a property and sell it in 2 year time with 30% of the income and still discounted it back to present value, it better than the yield of property with rent but capital appreciation of 5%. This is just my taught, since the board game focus so much on cash flow and not much on equity. It more on the cash flow focus strategy rather than the inherit value of the investment.

But the real world always not the same, if you manage to buy a property and sell it in 2 year time with 30% of the income and still discounted it back to present value, it better than the yield of property with rent but capital appreciation of 5%.

This is just my taught, since the board game focus so much on cash flow and not much on equity.

]]> By: Roman http://www.financialjesus.com/money-psychology/the-difference-between-good-debt-and-bad-debt/comment-page-1/#comment-2849 Roman Mon, 02 Nov 2009 15:58:28 +0000 http://www.financialjesus.com/?p=802#comment-2849 Exactly - you got the point! Exactly – you got the point!

]]> By: Car Insurance Phi http://www.financialjesus.com/money-psychology/the-difference-between-good-debt-and-bad-debt/comment-page-1/#comment-1522 Car Insurance Phi Wed, 17 Jun 2009 23:50:21 +0000 http://www.financialjesus.com/?p=802#comment-1522 It's easy. Good debt can someday make you money (even if only potentially). It’s easy. Good debt can someday make you money (even if only potentially).

]]> By: Nick http://www.financialjesus.com/money-psychology/the-difference-between-good-debt-and-bad-debt/comment-page-1/#comment-1078 Nick Thu, 05 Feb 2009 01:05:07 +0000 http://www.financialjesus.com/?p=802#comment-1078 Yikes! That's a little much for a board game. I would like to try it sometime, but for that price definitely think you hit the nail on the head about playing it at least once before buying it. Yikes! That’s a little much for a board game. I would like to try it sometime, but for that price definitely think you hit the nail on the head about playing it at least once before buying it.

]]> By: Roman http://www.financialjesus.com/money-psychology/the-difference-between-good-debt-and-bad-debt/comment-page-1/#comment-1074 Roman Wed, 04 Feb 2009 18:59:59 +0000 http://www.financialjesus.com/?p=802#comment-1074 Nice to see that the game is really benefiting your family! Giving your kids a good financial education could be worth millions! Nice to see that the game is really benefiting your family! Giving your kids a good financial education could be worth millions!

]]> By: PizzaForADream.com http://www.financialjesus.com/money-psychology/the-difference-between-good-debt-and-bad-debt/comment-page-1/#comment-1072 PizzaForADream.com Wed, 04 Feb 2009 18:24:39 +0000 http://www.financialjesus.com/?p=802#comment-1072 We have Cashflow and have been playing it for years. Our kids especially love playing it these days! I highly recommend Kiyosaki's book Rich Dad, Poor Dad for a complete explanation of the concepts Roman discusses in this post. We look at all our purchases and debt in this way and are on the way to creating wealth in the process!! We have Cashflow and have been playing it for years. Our kids especially love playing it these days! I highly recommend Kiyosaki’s book Rich Dad, Poor Dad for a complete explanation of the concepts Roman discusses in this post. We look at all our purchases and debt in this way and are on the way to creating wealth in the process!!

]]> By: Roman http://www.financialjesus.com/money-psychology/the-difference-between-good-debt-and-bad-debt/comment-page-1/#comment-1063 Roman Wed, 04 Feb 2009 04:15:48 +0000 http://www.financialjesus.com/?p=802#comment-1063 I think you can buy the game at Amazon but it is very expensive - about 200 or 300 bucks! There are also a number of "Rich Father Clubs" across the world - I don't know what they are exactly called but if there is one in your town go and check it out. These clubs are free and they allow you to play the Cashflow 101 boardgame. That's also where I played it - in an official Estonian Cashflow club. Whatever you do - try playing it at least once before spending the money! I think you can buy the game at Amazon but it is very expensive – about 200 or 300 bucks!

There are also a number of “Rich Father Clubs” across the world – I don’t know what they are exactly called but if there is one in your town go and check it out.
These clubs are free and they allow you to play the Cashflow 101 boardgame.

That’s also where I played it – in an official Estonian Cashflow club.

Whatever you do – try playing it at least once before spending the money!

]]> By: Nick http://www.financialjesus.com/money-psychology/the-difference-between-good-debt-and-bad-debt/comment-page-1/#comment-1057 Nick Sat, 31 Jan 2009 00:02:38 +0000 http://www.financialjesus.com/?p=802#comment-1057 I've never even heard of that board game. Where did you come across it as I think I might like to check it out! I’ve never even heard of that board game. Where did you come across it as I think I might like to check it out!

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