The Millionaire Mindset

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Millionaire

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about it because he has never traveled the journey of the person giving the advice. That’s

the beauty of Masterminding. You get ideas, solutions and contacts you could never in a

million years have come up with if you were working on it alone.

origins

People have used Masterminding throughout history to solve life’s issues. As far

back as recorded history, people have been involved in working out problems through

sitting down, discussing the scope of what needs to be solved, putting egos aside, and

joining together in a spirit of harmony, where the sole objective is to help the person being

Masterminded. The term Masterminding is fairly new but the concept of tapping into a

Master Mind is not. It’s like joining several batteries together and watching the power of

all of them create much more than the total energy they could bring individually. What

happens can be truly amazing.

Think & Grow rich

Napoleon Hill, author of the mega best-seller Think & Grow Rich, popularized

the term ‘masterminding’ a few decades ago. Although he was one of the first to write about

it, he surely would never claim to have invented or originated the concept.

Hill observed the lives of some 500 of the world’s wealthiest men, he discovered

they all belonged to a Mastermind group. Each had a group of peers from whom they

received support, encouragement, contacts, knowledge and advice.

One photo I have seen depicts Ironside, Ford, Carnegie and a few other giants of

American enterprise engaged in Masterminding. Each one, claims Hill, acknowledges the

power and absolute necessity of the Mastermind group for success in life.

Napoleon Hill said...

The accumulation of great fortunes calls for power, and power is acquired through

highly organized and intelligently directed, specialized knowledge, but that knowledge does

not necessarily have to be in the possession of the person who accumulates the fortune.

In fact, Hill reports that Charles Schwab knew virtually nothing about steel, yet

he was responsible for creating the largest steel company in the world, The American Steel

Company.

key strategies for effective Masterminding

Having conducted Masterminding with people around the world, some with great

success, others with little, we have found certain important elements in Masterminding are

essential if you are to return the maximum benefits. Without these key strategies, the groups

tend to fizzle out quite quickly.