Tag Archive | "egames"

Try the egames? E-Games Cashflow 101 & 202

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Have you played this game before? I have long heard about the existence of the board game but I had never play them before. I got the Egames 101 & 202 (you can see the screenshot here) from a friend and started playing it few month ago. Egames 101 & 102 really allowed me to experiment different scenarios dealing with money in a virtual environment, apart from getting to experiment safely, it also teaches me the fundamentals of money. Since it's computer games, you don't have a hard time getting others interested in playing the boardgames, you can actually played against computers.

If you are in the midst of getting started to get money working for you and aren't good in saving, you can get some clue from the games how to start off using different strategies at your choice. If you are new to stock option, you can actually get some basic fundamental concepts of trading stocks from the gameplay. Isn't that interesting?

Cashflow 202Let's take a brief look into the game, in version 101, you can choose small deal(under $5000) or big deal(above $5000), while in version 202, it's either cash flow or capital gain. When I first started, I would always go for cash flow as I wanted to enter the rat race as soon as possible, but given that you may not have a lot of money at the beginning, I would look for capital gains, so that I can afford a bigger deals, given that majority of capital gains are stock purchases, you may either lose money in your investment or earn from there (you gonna take the risk). If you don't do that and play it safe, you may go round and round before you run across a deal that you can afford. Therefore, you need to have cash on hand, pretty much like real life, if you don't have money, even a good opportunity comes, you may not have chance to grab. If you don't start out with decent amount of cash on hand, you may not win the game fast or you may not achieve your financial goals soon.

Lastly, the game has taught use that no matter you are soldier, teacher or a rich doctor. You can win the game (financial independent) starting anywhere. It's not how much you earn that make the different, it's how you manage your money that make the different. A great learning environment that is good to apply some of those principles in your own life. Enjoy !

 

 

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