The Best-Kept Secret of the Rich Is... NOT Doing It Alone
by Mike Litman
Bill Gates wouldn't be where he is today if it wasn't for the help he's gotten. Many people try to do too much on their own and it actually hurts their chances for more success in their life.
One great example of this has to do with a concept called "Masterminding". A conversation that Chicken Soup for the Soul, Jack Canfield was telling me about during my interview with him described the importance of this concept.
Let's look at the example Jack told me about. (The following is an excerpt from my interview with multi-millionaire and best-selling author, Jack Canfield.)
Mike Litman: Let's spend about 15-20 seconds here and give me one or two tips about masterminding. Talk about masterminding for a moment.
Jack Canfield: I think masterminding is one of the best-kept secrets of the rich. Basically, you want to get together with 5 or 6 other people who are making at least twice as much money as you are. Tony Robbins and my partner, Mark, met one time. Mark said, "Tony, you're making $50 million a year. I'm making $5 million, what's the difference here?" Tony said, "Mark do you have a mastermind group?"
He goes, "what's the most anyone in your mastermind group is making? Mark says, "I don't know $5 or $6 million." So, Tony goes,"every one in my mastermind group makes $100 million or more a year." That's who Tony's hanging out with.
Those guys are thinking with a lot more zeros after their thoughts than most of us.
-- Mike Litman
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Mike Litman is the author of the #1 Best-Selling book, Conversations With Millionaires. In the book 9 Millionaires share their strategies for becoming wealthy.
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By Mike Litman