"'How Important Is It To Have Trusted Friends Or a Master Mind Group To Bounce Your Ideas Off?' by the Butterfly Marketing Team, the Most Effective Internet Marketers Today, Mike Filsaime, Paulie Sabol, Donna Fox and Tom Beal"
Click Here to listen to Donna Fox's heroes interview and read the entire transcript.
Click Here to listen to Mike Filsaime's heroes interview and read the entire transcript.
Click Here to listen to Paulie Sabol's heroes interview and read the entire transcript.
Click Here to listen to Tom Beal's heroes interview and read the entire transcript.
33. How important is it to have trusted friends or a master mind group to bounce your ideas off?
Mike Filsaime: It’s extremely important. In the terms of the Napoleon Hill mastermind I don’t know if it’s that easy to structure a mastermind that well. The closest you can get to that the better.
Like I said before your income is the average of your four closest friends. If you want to give yourself a raise you have to start associating yourself with people at higher levels that you want to be like.
That’s what happens with the mastermind. You don’t want to associate yourself with the mastermind of losers because you will become a loser to the tenth degree. If you associate yourself with a winner in a mastermind and that’s not really the scope of this call, to talk about what a mastermind really is.
But, just so if any young kid is listening if I could explain the power of the mastermind. The mastermind is a result of what happens when two or more people get together. Ralph I could have one idea that’s a very good idea and you can one idea, so together we have two ideas.
When you and I get together and we talk about that idea we can say “You know what we should add?” You say “How about we do this?” and we are working together. What results in that is a third idea. Now two people can achieve a third better idea than the two we had by ourselves.
That’s the power of the mastermind. It’s the result of what happens when two or more people get together. When you get 8 to 10 people together in a mastermind that exponential formula I just gave you is what makes the results become exponential.
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Paulie Sabol: I’m going to alter your question. I think to just bounce your ideas off, it is not essentially important. I think to truly respect the power of the mastermind; you should come to it with a little more complete a position than just an idea you are bouncing.
I actually believe that the mastermind, the group of partners with whom you can develop what you are working on, is essentially important. The way you do it is you focus on enhancing what’s working.
Very often in our lives, and we talked about this, you might look at your report card, and on your report card you might have an A in English, an A in Mathematics, and maybe somewhere on that report card you got some other grades, but maybe Social Studies or Civics, and you got a D.
Very often in our life, we spend the rest of our time trying to focus on getting that D up. In fact, sometimes we’ll get our message from our parents saying that this report card is pretty good, but this D – you’ve got to get this up. Even our caregivers will focus on the weakness.
One of the things I’ve found in the mastermind is the power is that you can focus on your strengths, your ability to enhance somebody else’s idea with your strength. They bring their strength, so you don’t focus on becoming average at everything; you focus at becoming excellent at some things.
That is why I think it is important and really important to select how you use your mastermind and your mentors.
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Donna Fox: Napoleon Hill on his deathbed said that the mastermind was the key to success. It was the element, the surprise, the secret of the rich. I couldn’t agree more.
Especially as internet marketers, it is so easy to stay alone in front of our computer. There is so much busy work we could be doing. But ultimately nothing really happens when you stay at home.
You have to get out. You have to meet people, because people are who we learn from. We learn that we aren’t alone in our process. We learn that somebody has been through everything before.
As individual as adversities may seem, and as individual as problems may seem, people go through them. People pave the way for us and we need to be out and around people constantly.
One of the things, as I teach real estate investors, we are told that we need our teams: our accountants, our attorneys and lawyers. I say throw out the idea of needing a team because you already have one: the whole world is your team.
Everyone out there is available to you as a team member. Most people are willing to help you if you are just willing to ask. Absolutely masterminds are the most valuable thing.
When you open up your mastermind from a tiny little group to the idea that the world is your mastermind, then there isn’t anything you can’t get the answer to.
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TOM BEAL: Master mind is extremely vital to success. I talk about Jim Kelly. In his Hall of Fame induction speech he didn’t get up there and flex his arms and say “I’m Jim Kelly and I made it to the NFL. I deserved it.”
He gave credit where credit was due. He gave credit to his coaching staff, to his linemen, his team mates, his receivers who were able to run the routes and catch the ball and his running backs. In life you need to have your team.
One of the lessons I learned in studying all these success things at an early age was how to become a self made millionaire. I think that’s a total fallacy. I think it probably can be done but it takes ten times longer than if you were to choose to be a team millionaire. How can you assemble the proper team to assist you in accomplishing your goals much more quickly?
RALPH ZURANSKI: How does the master mind team make a positive difference in your life?
TOM BEAL: The master mind is there to help you in times of difficulty, to overcome adversity and also pushes you and holds you accountable with some of the goals and stride to achieve your goals.
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