IBM 131 | How to Build Lasting Wealth

In this episode of Internet Business Mastery, we talk about how to build lasting wealth. And in the quick tip, a valuable resource for building a business that fits your interests and strengths.

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  1. It’s been a while since I’ve read Rich Dad Poor Dad. Great book though. Cash Flow quadrant was great too.

    Our family loves playing the Cash Flow board game based on Rich Dad Poor Dad.

    The tag line for the game is priceless: “The more you play this game, the richer you become.”

    Maybe it’s time to pull out the game again. :)

    Great podcast today.

  2. What a great tagline for a game.

  3. Exceptional podcast, it clearly defines the four areas of cash flow (which I write a lot about these days), but I have a question. I can’t define this subject any clearer than you guys have, if I wanted to download your mp3, keep it in tact of course and send it to my list, is there a copyright infringement or something like this associated with these recordings?

    It just crossed my mind because I do my own now, at random, which is called “Inside the Mind of an Internet Marketer” where I record and verbalize my thoughts while running or doing those things that stimulate ideas, but in this case I can’t articulate any better than you have.


    • As long as you send them our recording, that would work out. We have done that before, you can just email your people and introduce us and maybe give them a couple reminders of what to listen for in the show and send them a link to our show notes page and all is well!

  4. “The more you listen to the Internet Business Mastery podcast, the richer you become!”

  5. Now THAT is a great tagline :).

  6. Great show again guys. I listened to it after the holidays and I really liked this one.

    With your podcasts and academy you have been instrumental in moving me from E to B. The beautiful thing is that I learned to use my “I” knowledge to develop my B.

    Now I teach busy people via my website how they can become a successful long-term stock market investor to grow their savings while they spend less than one hour a month on it.

    Jeremy brought up the issue of control that you feel you have in the business quadrant and that is missing in the investor quadrant. Your discussion on the role of the market here is pointing in the right direction. Both in business and investing; do not think that you can change the market. The key to success is to define how you will act in a changing market.

    It is very unfortunate if you have been successful in the E or B quadrant, but you do not know how to make your money work for you in the “I” quadrant. The earlier you start in “I”, the more you get out of it. But as Jay said, start small.

    My suggestion is that you spend one hour a week to research different systems to invest in the stock market until you have found a system that suits your personality, skills and available time. Later you will recognize that these research hours were the hours that paid you most handsomely.

    Good that you are pointing out Strengths Finder again. You have mentioned it before and that lead me to buy the book and do the survey. It is a great tool. My top 5 strengths are Intellection, Relator, Achiever, Learner and Input. I think we have some similarities.

    A final book tip here for Jay, being an achiever as well. Check out “Flying without a Net” from Thomas DeLong from Harvard. It addresses the pitfalls for high-need-to-achieve professionals and how to overcome them.

    Thanks again for the great show.