Tuesday, 17 December 2013

Cashflow - 101 and 202 Fast Track

Once you are out on the 'Fast Track', life's a breeze. Provided you land on green squares and buy all those businesses, you'll soon get the extra $50,000 cashflow required to win the game - it's just a matter of time. You tend to just coast along when other players in the Rat Race struggle.

This is an analogy with real life, as you have made it to the 'big time' and don't need to worry about money anymore.

In most cases, you'll have more cash than you know what to do with! -
Even if you spend it all, you'll get loads more when you next pass a yellow 'Cashflow Day' square.

Things do get more interesting in the 202 game though. Now if somebody lands on your business, they can buy it from you and you lose the business and the cashflow. So there will be a downside to your game.



Also, you can franchise your business if you land on it more than once, getting even more cashflow income. However, if another player wants to buy your franchise, they need a lot of money to do this, so in the 101 game, cash is plentiful on the Fast Track, but it is quickly spent in the 202 Fast Track game.

Friday, 13 December 2013

Another Passive Income Stream

I've just published another ebook. It's about being aboard a cruiseship and the sort of things that go on to make up a regular cruise. A good helping of detail, especially if you don't know anything at all about cruises. Check it out here

I say 'published', but these days it's just a case of uploading the words of your book to a site like Amazon Kindle to get on their website. They take their cut, and you sell your book, especially if it has a review or two.

It's part of an attempt to get a few ebooks out there (with good content) to increase my passive income streams, even if only by a tiny amount.

Article - Cruising for the first time?

I only write on stuff that I am knowledgeable about, as content is key to selling any ebook.