Many have written about the power of belonging to a mastermind group. Few have written about what kind of mastermind group you should join. No one seems to be writing about joining three different mastermind groups.
Mastermind groups consist of like-minded people. The more diverse their experience is the better. They pool their expertise to share ideas and create solutions for one another. Apart from their input we would remain so much the poorer. But there is more to it than that. You need not one Mastermind group, but three.
It took me years to learn this. It will only take your small investment of reading this short blog post. But I assure you, if you follow my advice, you can speed up your progress, both in your business and in your personal life.
Jim Rohn said that you become the average of the five people with whom you spend the most time. I would amend that statement. I believe you become the average of the people with whom you spend the most intentional time. These people are members of your mastermind group.
Here are the three kinds of mastermind groups you should belong to. Each group offers unique benefits.
The Free Mastermind
This is a select group of peers. All members join at no cost. You already have close ties with these people. You trust them to give you sound counsel in your business and life. Mastermind groups are mutual and reciprocal, so everybody benefits.
Notice I put the word “free” in quotes. This mastermind doesn't cost money, but it does demand a large commitment of time and effort. Believe me, it’s worth it!
The Mastermind You Pay For
This is the group that most people get hung up on. Why should you pay for something like this?
The unique benefit of this mastermind is twofold. First, you tend to reap more rewards when you have some “skin in the game.”
Second, joining a paid group is often the only way to expand your relationships and stretch your mind. If you're the smartest person in the mastermind group, you're in the wrong group.
The first paid mastermind I joined helped me build strategic relationships. As a result, I got to work with people like Tony Robbins, Jack Canfield, Robert Allen, and many others.
The Mastermind that Pays You
Perhaps you are in a business giving expert advice, consulting, coaching, or speaking. If so, you should form a mastermind that pays you. This allows you to help people to the greatest extent. Just like you, they tend to get more out of something when they have “skin in the game.” This group also provides you with steady revenue.
The clients with whom I have the closest relationships belong to the mastermind that pays me, the Regency Mastermind. I'm able to have a significant influence on their businesses and lives. We are like family. And by the way, I earn a handsome income from this mastermind.
If there is one single “secret to my success,” it is the people with whom I have surrounded myself. Engaging in these three different groups is the only real “shortcut” I know of in this business. I urge you to consider this course of action.
Which of these three kinds of groups do you already belong to, and which do you need to join or form?