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Principles of Success - Power of the Mastermind

Your Money, Your Business, Your Life

Release Date: 12/19/2017

YMBL049 Principles of Success - Power of the Mastermind


Being an entrepreneurs can be lonely and trying to run your business on your own can be a shaky path to walk. To achieve success in your business or organization, collaboration and teamwork are crucial. One thing that is equally important, however, is finding a community of purpose-driven individuals you can connect with, gain inspiration and insight, ask questions, and seek support from during challenging or difficult situations. This is why it is critical for business owners and entrepreneurs to seek the help of mastermind groups.


On today’s episode, I’m discussing what a mastermind is and the value of becoming a member. I’ll explain the spiritual element behind an effective mastermind group, the importance of committing to participating and listening to others within your group, and the difference between a formal and informal mastermind. I’ll also explain how Napoleon Hill describes a mastermind group and why he believed it is the key to creating success as an entrepreneur.



“Masterminds are really a tool to bring together like-purposed people to achieve a common goal.” - Sharon Lechter



This week on the Your Money, Your Business, Your Life Podcast:


  • The advantages of being in a mastermind.
  • The spiritual element of a mastermind group.
  • Finding a harmonious group of like-purposed people.
  • How masterminds are designed to support each member.
  • The difference between an organization’s internal mastermind group and an external mastermind group - and the benefits of each.
  • Forming your own mastermind.
  • Formal vs informal masterminds.
  • The importance of being specific in what you want to achieve in your mastermind.
  • Creating an agenda for your mastermind to achieve goals.



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Help Others Take Care of Their Money, Their Business, & Their Life!


Thanks for joining us on this episode of Your Money, Your Business, Your Life podcast! If you found the information, tips, and interviews shared in this episode valuable and helpful to managing your money, your business, and your life, please check us out on iTunes, leave a review, and share our show with your friends and colleagues!


Our mission is to educate entrepreneurs, investors, professionals, and families on the ways to reduce the stress and frustration revolving around finances, learn what it takes to make more money in less time, and shatter the financial class ceiling holding them back from financial freedom.


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