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Building A Mastermind Group For Success

I’m continuing my posts based on the 13 steps for acquiring wealth. Napoleon Hill, in his book, Think and Grow Rich, discussed the 13 common steps successful men used to acquire their wealth. Today, I’m going to talk about developing a mastermind group with specialized knowledge. This is the fourth step for acquiring wealth or accomplishing your goals. Learn about the importance of building a mastermind group for success.

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Success Through Building Mastermind Groups

There are two types of knowledge, general and specialized. General knowledge is of little use in accomplishing anything. It’s great to have, but it won’t get you anywhere towards accomplishing your goals. Specialized knowledge is organized and intelligently directed through practical plans of action. Knowledge is not power but only potential power. Knowledge becomes power when it is organized and directed.

The U.S. Educational System

Hill believed that our educational system is flawed. It gives students knowledge but never teaches them how to organize and use that knowledge. For example, many college graduates don’t work in their field of study. They spend four years gaining knowledge which most is of little use to them.

Don’t get me wrong, I am not against education. I’m glad that I went to college and that my two daughters are currently attending universities. The knowledge that we learned has made us better people. That being said the truth is, I was never taught how to use that knowledge to accomplish something.

Specialized Knowledge

This is why it is important to develop a mastermind group with specialized knowledge. Most people have general knowledge and ideas. What they lack is the specialized knowledge to turn their ideas into money. For example, an inventor knows how to build things but doesn’t know how to market or sell what they’ve built. They don’t know how to manage employees or of potential legal issues. Building a mastermind group for success is crucial.

How can they overcome these obstacles and lack of knowledge? They form a mastermind group and bring in people with the specialized knowledge they lack. They can use that knowledge and organize it into a definite plan of action. Their next step is to go to work.

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5 Steps

They can continue to add on to their mastermind group by finding others with specialized knowledge they can put to use. Successful people don’t stop acquiring specialized knowledge. I love to learn both general and specialized knowledge. Learning keeps me alive, and I’ll only stop learning when I die.

To be successful in acquiring wealth or accomplishing a goal, you need to:

  1. Form a team. Look for and find like-minded people with the specialized knowledge that you don’t have;
  2. Work together towards a definite purpose;
  3. Organize the specialized knowledge and put it to use;
  4. Form practical plans for accomplishing your definite purpose;
  5. Put action to your plans, and work in harmony.

Follow the above steps, build a mastermind group for success, and you will get closer to your goals every day.

Develop Your Mastermind Group With Specialize Knowledge

Developing a mastermind group with specialized knowledge is just one of the steps on your journey to success. Don’t try to take your journey alone. No one knows everything; successful people become so as a team. Write down the knowledge that you do not have and begin looking for people with specialized knowledge. Develop your mastermind group and do something great.

Final Thoughts

Do you have a team you are working with? Do you believe that mastermind groups are necessary for success? Leave a comment below and let me know. If you enjoyed this podcast don’t forget to like and follow.

Cites

https://unsplash.com/@jannerboy62

https://unsplash.com/@josiah123

Acquiring Power By The Mastermind Principle

I am continuing to talk about the book Think and Grow Rich by Napoleon Hill. Today I will discuss the ninth step, Power of the Mastermind, The Driving Force. Don’t try to accomplish anything great alone. Acquiring power by the Mastermind Principle will help you to attain your goals.

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The power Of The Mastermind Principle

Power is essential for success. It can be defined in many different ways. One definition of power is; power is organized and directed knowledge. Napoleon Hill believed in acquiring power by the Mastermind Principle. This helps you gain the knowledge that you need for success. The sources of knowledge are:

1. Infinite Intelligence;

2. Accumulated Experience; and

3. Experiment and Research.

Infinite Intelligence comes from the universe. It allows you to use your creative imagination to gain knowledge. You can acquire this knowledge through meditation and prayer. Accumulated Experience comes from tapping into the knowledge that others have shared. This knowledge is contained in libraries, the Internet, etc. Experiments and Research are conducted to gain new knowledge. When knowledge is not available through an accumulated experience you can find it through experiment and research.

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Knowledge To Power By Masterminds

Knowledge is converted into power by organizing it into definite plans. You express those plans through action. Develop a burning desire for your definitive purpose. Create a plan to obtain it. Put your plans into motion through everyday action. Your knowledge becomes powerful. After that, more knowledge becomes available to you.

Hill describes the Mastermind as a “Coordination of knowledge and effort, in a spirit of harmony, between two or more people for the attainment of a definite purpose.” The Mastermind Principle has two characteristics:

1. Economic;

2. Psychic or Spiritual.

The Mastermind

The economic characteristic is simple and straightforward. It is economically advantageous to surround yourself with the advice and knowledge of other people. If you want to create wealth, get advice from a wealthy person.

The psychic or spiritual characteristic is more difficult to comprehend. When two minds come together a third force is created. This becomes like a third mind. A human mind is a form of energy. When two minds come together it forms an affinity or a marriage.

Energy

Energy is the building block of everything created. Nature can translate energy into matter. Matter is the physical substance that occupies space and possesses mass. This is distinct from mind and spirit.

As humans, we build through our thought process. By creating a Mastermind group our brains tap into more knowledge. Therefore, becoming more powerful. Think of your brain as a battery. A group of batteries is more powerful than one. Therefore, a group of brains creates more power than a single brain alone.

Henry Ford

A great example of acquiring power by the Mastermind Principle is Henry Ford. When Ford went into business, he was poor, illiterate, and ignorant. Despite this, within 10 years he had overcome all these shortcomings. 25 years after he started he became one of the richest men in America.

He became friends with Thomas Edison. After that, his business grew by leaps and bounds. His most outstanding accomplishments didn’t occur until after he met Henry Firestone, John Burroughs, and Luther Burbank. Henry Ford is a prime illustration of acquiring power by the Mastermind Principle.

Instructions

Throughout history, men and women have utilized the Mastermind Principle to increase the power of their minds and accomplish great things. If you don’t find yourself progressing in obtaining your goals look for someone to join you. Set a goal, develop a plan, and put action into your plan. Maintain harmony within your group and watch your progress grow.

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I hope you enjoyed this post. Don’t forget to like, follow, and comment. I would like to know if anyone has utilized the Mastermind Principle. What were your results? Also, subscribe to my email list and podcast. I appreciate your support.

Cites

https://unsplash.com/@anniespratt

https://unsplash.com/@wildlittlethingsphoto

“Power Of The Mastermind, The Driving Force” Think and Grow Rich: The Complete Classic Text, by Napoleon Hill, Jeremy P. Tarcher/Penguin, 2008, pp. 243-253.

Developing A Mastermind Group With Specialized Knowledge

I’m continuing my posts based on the 13 steps for acquiring wealth. Napoleon Hill in his book, Think and Grow Rich, discussed the 13 common steps successful men used to acquire their wealth. Today, I’m going to talk about developing a mastermind group with specialized knowledge. This is the fourth step for acquiring wealth or in accomplishing your goals.

Valentine’s Day is coming! My wife and I have been together for 30 years and are happier than ever. Here are some tips on how we keep our relationship fresh and exciting. Get your FREE Relationship Tips Today!

Developing A Mastermind Group With Specialized Knowledge

There are two types of knowledge, general and specialized. General knowledge is of little use in accomplishing anything. It’s great to have, but it won’t get you anywhere towards accomplishing your goals. Specialized knowledge is organized and intelligently directed through practical plans of action. Knowledge is not power but only potential power. Knowledge becomes power when it’s organized and directed.

Education

Hill believed that our educational system is flawed. It gives students knowledge but never teaches them how to organize and use that knowledge. For example, many college graduates don’t work in their field of study. They spend four years gaining knowledge of which most is of little use to them.

Don’t get me wrong I’m not against education. I’m glad that I went to college and that my two daughters are currently attending universities. The knowledge that we learned has made us better people. That being said, the truth is, I was never taught how to use that knowledge to accomplish something.

mastermind-specialized-knowledge-three-friends-laptop
https://unsplash.com/@wildlittlethingsphoto

Specialized Knowledge

This is why it is important to develop a mastermind group with specialized knowledge. Most people have general knowledge and ideas. What they lack is the specialized knowledge to turn their idea into money. For example, an inventor knows how to build things but doesn’t know how to market or sell what they’ve built. They don’t know how to manage employees or of potential legal issues.

Mastermind Group

How can they overcome these obstacles and lack of knowledge? Form a mastermind group and bring in people with the specialized knowledge they lack. They can use that knowledge and organize it into a definite plan of action. Their next step is to go to work.

They can continue to add on to their mastermind group by finding others with specialized knowledge they can put to use. Successful people don’t stop acquiring specialized knowledge. I love to learn both general and specialized knowledge. Learning keeps me alive and I’ll only stop learning when I die.

Steps

To be successful in acquiring wealth or accomplishing a goal you need to:

  1. Form a team. Look for and find like-minded people with the specialized knowledge that you don’t have;
  2. Work together towards a definite purpose;
  3. Organize the specialized knowledge and put it to use;
  4. Form practical plans for accomplishing your definite purpose;
  5. Put action to your plans and work in harmony.

Follow the above steps and you will get closer to your goals every day.

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Final Thoughts

Developing a mastermind group with specialized knowledge is just one of the steps on your journey to success. Don’t try to take your journey alone. No one knows everything and successful people become so as a team. Write down the knowledge that you do not have and begin looking for people with specialized knowledge. Develop your mastermind group and go do something great.

Do you have a team you are working with? Do you believe that mastermind groups are necessary for success? Leave a comment below and let me know. If you enjoyed this don’t forget to like and follow.

Cites:

“Specialized Knowledge” Think and Grow Rich: The Complete Classic Text, by Napoleon Hill, Jeremy P. Tarcher/Penguin, 2008, pp. 91-112.