As you may know I like to make the beta reading of my book open sourced so the community that will be using them can actually gain the information and request changes or additional information to be added as the book is being written.
This post is One Chapter of my coming book, “GET THE DEAL”. Which the idea has it’s origins from the live training with the same name that I have taught to thousands of real estate investors all across the country and have had time to refine the information to answer the questions most asked at those trainings. Without further ado I want to encourage you to read this chapter and leave your suggestions in the comments below!
Why Do I Keep Hearing About Masterminds
“Deliberately Seek The Company Of People Who Influence You To
Think And Act On Building The Life You Desire.”
– Napoleon Hill
After I read the book, “Think And Grow Rich” I spent about a year thinking about the concept of a Mastermind, but it wasn’t until another friend of mine had read the book that we finally decided to set a date to meet each month. We didn’t follow the outline that Napoleon Hill created 100%, but we were able to learn from each other and our different backgrounds and experiences in different investments strategies including, stocks, business, tech and real estate.
Since that first mastermind I have been a member of dozens. Some I have paid for and some were free while others I paid a significant amount of money to be a part of. I have found that not all masterminds are created equal. Some have had little effect on my business and others have completely changed how I operate my business for the better.
The most powerful mastermind I have ever been a part of is with my business partners when we gather each week to discuss the things that are working and what we can improve in our joint ventures. We are all on a mission to build 100 Millionaires and because we have a variety of backgrounds, skillsets and networks we have been able to contribute to the mission exponentially.
Even some of the elements of this book including the name and the cover were drastically changed and improved by some insightful conversations with this mastermind. In our mentorship we provide a series of masterminds at different degrees of involvement and cost ranging from free to thousands of dollars. The reason you have to charge significant money for high level masterminds typically is to weed out the people who are not at a certain level of commitment and financial ability.
Let’s dive into just a few more reasons you should build or join a mastermind:
One of the key takeaways from any mastermind group are new insights and knowledge in areas you may not know or have experience in. There are approximately 80 people in my mastermind group – all with different specialties and expertise.
I come home from every meeting having learned something new and having been educated on some particular topic or niche in real estate. Being in a mastermind is a phenomenal way to surround yourself with highly knowledgeable individuals in your industry.
The tagline of my mastermind group is “The Elite Investor’s Board of Directors.” This is actually an incredibly accurate statement, as our quarterly meetings often feel like a board of directors advising you on your business.
One of the big roles that a mastermind can play in your business is simply by giving advice on a problem you may be having or a challenge that you’re facing. Other times, it can simply help you to grow your business to the next level. Who better to give this kind of advice? You are surrounded by a roomful of other experienced, successful members in the same industry who have likely faced the exact same challenges.
I didn’t realize at first what a wealth of opportunity is created by putting so many successful real estate investors together. Within a few short meetings I was doing deals and collaborating with other members around the country. Many successful joint ventures have come out of our mastermind that would not have happened had it not been for this group.
I think it goes without saying that when you put a number of real estate professionals together in one room, you have the added benefit of an instant network of people and resources. Not only is the network of people in the room an amazing start, but the number of outside introductions that can be made from the people in the group. I know in my group if there is literally anything or anyone in the real estate investing world that I need access to, there is somebody in the group who can make that introduction for me.
Growth and Change
Ultimately, the reason to join a mastermind is to affect you and your business in a positive way. Over two short years, I’ve watched countless people in my group grow their businesses exponentially as a direct result of being in the group. Not only have many of us increased our revenues and the number of deals we are doing, many of us have made significant changes in how we run our businesses that have made us more profitable. From systems to strategies, the collective knowledge inherent in a mastermind group will almost always produce growth and change in every member’s business.
While you may not be at the level of a Collective Genius in your business quite yet, there are masterminds all over the country and at all levels. Do not assume that you are better off on your own. We all have room for growth, and surrounding yourself with experienced and successful peers in your industry is a great way to increase your knowledge, your network and your opportunities — and ultimately to grow your business.
There are masterminds all over the country and at all levels. Do not assume that you are better off on your own. We all have room for growth. Surrounding yourself with experienced and successful peers in your industry is a great way to increase your knowledge, your network and your opportunities, and ultimately to grow your business.