The electronic version features these in electronic format. The board version includes a video tape and several audio tapes. See how you can get out of the rat race using your very own real life data. Finally, play the game using YOUR real life profession and YOUR real life paycheck and savings. Play until you can win using any of the supplied professions. You also have to play face-to-face with other people, which encourages discussion. I recommend starting with the board game first because you are forced to write down figures and do your own calculations. The board game version is $195 and the electronic version is $99 (but for multi-player on-line games, you'll need a subscription, which runs around $100 a year). This is the ultimate game of investing and will teach you tons about accounting, finance, and investing. It explains how to keep your money moving to generate higher returns. If you needed any more reason to stop parking your money in a mutual fund and hoping it will increase, this is the book for you. Read Who Took My Money? by Robert Kiyosaki.

This book provides the basis for becoming a successful investor, from the terminology to strategies. Read Rich Dad's Guide To Investing by Robert Kiyosaki. (This book also makes a great gift for grads.) Cost: $6.99Ĥ. You'll also be surprised on how little you miss that 10%. I've been doing this ever since I read the book and it's amazing how fast the money accumulates. For example, one recommendation it gives is to always set aside 10% of your income for investing purposes, before any other bills are paid. Entertaining and educational, it's a small book that contains invaluable lessons. This is the classic book for money management. Read The Richest Man In Babylon by George S. Treat it as an inspirational book and you'll get much more out of it. Read Rich Dad, Poor Dad, by Robert Kiyosaki.

If you become active on the boards, they also double as a support group. I still made some mistakes, but I felt much more confident and less scared. I spent over a year reading the discussion boards almost daily at before I bought my first rental property. This is the most important step! Educate yourself. The new total works out to just over $400.)ġ. It is now 2008 and I've gone and updated the prices. (Note: This post was originally written in 2004. Here are my suggestions for getting started in real estate for under $400. I often see messages from people who have decided they want to get involved in real estate investing but they don't have any money, or don't have much money.

Buy cashflow 101