Ever heard of a doo-dad?

In Robert Kiyosaki’s Cashflow 101 board game (that I dearly love to play) you learn that a doo-dad is something you buy that you do not need. It’s just something you want, like a new TV or the coolest pair of running shoes you keep seeing advertised everywhere.

However, on the game board vacations are also considered doo-dads. Sometimes you will pull a Doo-Dad Card that says you’ve just paid a couple of thousand dollars for a family vacation.

This is where I somewhat disagree with the Doo-Dad Cards.

To me, travel is really important. It’s a great way to disconnect from daily stresses, your job, your whatever. Travel is something near and dear to my heart. It’s a necessary break from time to time, and I can take these breaks because I have a team in place to handle things in my absence!

If you don’t know what I mean, you better catch up on your reading here. Take a look at the first part of this 2-part article I wrote a while back.

In this set of articles I talk about dumping the fear, building a team and getting on with whatever it takes to get to your goals. It is a must-read for anyone thinking about getting into real estate investing or starting his/her own business!!

In this set of articles you’ll notice that I don’t mention doo-dads or buying things you don’t need. The truth is that when you’re starting any new business venture you will want to watch your money. You don’t have the privilege of spending on stuff you do not need.

As a real estate investor, however, travel can be one of the main reasons for doing what you’re doing, spending the time it takes to do it and for growing your business. That’s what I talk about in this very short video:

How do you pay for a trip around the world?

One of my investors decided to participate with me in my deals because he has a dream… to take a trip around the world. That’s a costly dream. So how can he get there?

Stick with me; I’m getting to that part.

Let’s say that taking a trip around the world is a dream you’ve added to your own bucket list.

Now let’s say the trip will cost you about $20,000 dollars (or euros).

You can either:

  • Keep working, exchanging your time for money (a.k.a., a job), or…
  • Invest in real estate and earn returns that will get you there faster.

In example #1 you’re going to be saving, saving, saving and it’s going to take you maybe five years. (If you’re really good at saving and nothing big happens, like your roof blowing off your home or you have to cover medical expenses for yourself or a loved one.)

In example #2 let’s say you have money sitting in your retirement account or savings account that isn’t earning much interest. (On average you could be earning between a whopping 1% interest to maybe 4% interest, according to national statistics.)

You could take that money and participate in real estate transactions… putting that hard-earned savings into something that will produce cashflow and bigger returns than you would in your savings or retirement account month after month, year after year.

It may or may not take you five years to get to that $20K extra mark. Chances are that you’ll get there faster than that!!

This is exactly what the Cashflow game teaches you.

The funny part is that on the board in the DREAMS area (that’s the track you get to enter once you’ve learned how investing in properties will bring you enough passive income that you’ve surpassed your expenses) is where you find some pretty cool getaways.

On the board you choose the primary long-term life goal… the big bucket list item you really want to attain through your investment strategies. It could be a boat trip across the globe or a trek across distant lands. The dream is up to you; it’s your dream and no one else’s.


However, paying for trips in the real world is categorized as a doo-dad… until you have the income and lifestyle that allows you to travel when and where you want. The only way I know to get to that level is through participating in real estate investing.

What’s the difference between “participating in” and “doing”?

I’ve talked about this before, but there are two ways to invest in real estate.

You can be an active investor like me who uses your own cash and credit or OPM (other people’s money) to buy cashflowing rental properties. Or you can be a passive investor who lets other people use your cash and credit in their deals to get monthly or quarterly returns.

You can be a private lender who charges a specific interest rate or you can be an equity partner that gets the benefit of sharing in the monthly cashflow, the appreciation or the property and/or the depreciation of everything that goes into that property.

That’s a big topic and I’ll go into it another time, but that’s the short story for now.

For me, the fun is in the doing of the deals.

For my investor backers, they prefer to participate in different ways.

The outcome, however is pretty much the same. We all walk away with more money to put away for much-needed travel and to create the lives we truly want to live.

Boy, I could talk about this for hours, but since this is just a short article, I’ll stop here.

If you’re in the Barcelona area, I’d love to meet you at one of my upcoming Cashflow games. I typically host them a couple of times a month. I host one in Spanish and one in English so I can help more people learn the game and understand that what they do on the board they can replicate in real life!!

Here’s a link to the page on my site where you can sign up to join me for a game: