The Key to Success Often Overlooked In Napoleon Hill's Book, "Think And Grow Rich"
THE MASTERMIND PRINCIPLE
Message from TheWealthyServant™ CEO & Founder | Monty Bynum
[Monty is a 32-year First Responder with a passion for business building. USMC Officer Veteran, LEO, DEA, GBI Special Agent Retired, AND ALSO the founder and owner of multiple companies, investor active in M&A, equity, and cash-flow assets.]
Have you read "Think And Grow Rich" by Napoleon Hill? If not, grab a copy today.
That book along with a handful of others is on a must-read list we share with all our business consultation clients and business mastermind members. Why do we give them a reading list? Because, as Harry Truman said, "leaders are readers," and as an entrepreneur, investor, father, and leader, I've personally experienced the value of reading. I credit a sizable portion of my success to the books I've read.
"Not all readers are leaders, but all leaders ARE readers." Harry S. Truman
Reading has meant for me a developmental dynamic personally and professionally that's shaved years off the learning curve in every category. With books, I'm able to immerse myself in the learnings that took a lifetime to gather by someone else with only a few hours of personal time investment and minimal financial investment. Talk about ROI? Each book compounds the growth of my people skills, my empathy, my focus, my communication skills, expands my toolbox of solutions, taps into my resourceful thinking, and provides an intimate understanding of topics I wouldn't otherwise give as much attention. (I'll will admit, I prefer Audible books versus physical books. To each their own.)
Would you like to have the EXACT reading list we provide our clients and members? ....Get THE Reading List for Successful Business Owners HERE....
Ever found yourself reading a book more than once?
I read books more than once a lot and here's what I've recognized .... EACH TIME I read (or listen) to a book I'll hear or read something I didn't notice the time before. That's due to the principles of GROWTH & RECEIVING. See, we're ready to receive only what we're ready to receive when we're ready to receive it. As we grow, we gather experiences, learnings, and wisdom that shift our model of the world, change our priorities, and open the doors to new challenges. The excerpts from a book we read that we determine to be relevant will be based on who we are at that time. We will give importance to and our attention to what's relevant to us and downgrade everything else. What we deem transformational at one level of growth will be different for us at each level of growth thereafter. Each time I read that same book excerpts will resonate with the man that I am at that present time versus the man who was reading the first time. Each time also, I'm able to absorb the learnings much more deeply and connect more to what is shared.
It was on one of my re-visits to "Think And Grow Rich" that I realized I had completely glossed over a chapter that I now consider the most relevant in the book. My first few times reading the book I was in a place in my life where improving my money mindset was most important. If you're struggling with your beliefs around money and abundance, utilize the book to help you shift your thinking. Once your money mindset is in a healthy place that allows substantial growth in your business, you'll be open to other principles discussed by Napoleon Hill like happened for me. Maybe you'll then recognize the supremely important chapter that I did.
The chapter I'm referring to? Chapter 10: "Power of The Mastermind."
Simultaneously to my re-reading of that chapter, my business & performance coach at the time had given me the assignment to begin investing in peer-connection and peer-mentoring. What she meant was, "join a mastermind."
I'll be real with you, I resisted at first. I didn't yet recognize the value of taking time away from my business and I had a ton of preconceived notions about what a Mastermind is that were a little off base.
I thought Masterminds were either gatherings of Dr.Evil types or, after years of breaking up criminal organizations, the concept of a mastermind had me making some not-so-great correlations. I figured the mastermind offer would be another gimmick to get me to spend money and waste time on yet another seminar, program, course, "coach," or online "community" for no ROI. Between law enforcement, the Marines, and my college education ... I had already given plenty of time to "voluntold" trainings, certifications, and mandatory classes. As an entrepreneur and investor seeking knowledge and know-how, I had already wasted a ton of money on "guru" junk.
I thought I liked being a loan-ranger, I didn't trust collaborating with most folks, and had my share of bad experiences with colleagues who were not supportive of my entrepreneurial ventures and goals. I was also busy and intently focused on re-investing time and money ONLY in my business, and not on things that would not clearly multiply my money or buy back my time.
I knew better intuitively.
As a Marine, an Officer, a Special Agent ...we know we work better as a unit than we do alone. We unite as task forces, bringing together our collective resources and expertise, to solve crimes faster.
So, yes, I was wrong...
To get me past my hang-ups my coach obligated me to attend a Mastermind she was a member of, as her partner. I went begrudgingly.
After just my first day attending, my mind was blown. Napoleon Hill was right!
Hill described the Mastermind principle in "Think And Grow Rich" as, “The coordination of knowledge and effort between two or more people who work towards a definite purpose in a spirit of harmony…no two minds ever come together without thereby creating a third, invisible intangible force, which may be likened to a third mind”, also known as, "infinite intelligence," as a Mastermind.
The Mastermind IS the MASTER KEY for success.
Simply put, a Mastermind is a meeting of minds. It's when more than one person comes together to solve, build, create, and converge resources. It's the realization of the cliche that "two heads are better than one," with the addition of one important factor. A Mastermind doesn't settle for just any two people to come together. No, It's a qualified coming together of like-minded values-aligned vetted professionals who are committed to the investment of their expertise and resources for the benefit of themselves and their mastermind colleagues. They each also value the open and free sharing of ideas, abundance, excellence, growth, and a definite purpose. Their alignment becomes, for each of them, an instant compound effect.
That first Mastermind I attended had for me a 10X compound effect and a 100X growth factor over that next year. I made allies in those three days that I've been doing deals and life WITH since.
From that first Mastermind gathering forward, it's been a budget non-negotiable for us each year to invest in memberships within several masterminds. Each mastermind we join is for definitive purposes and within which we know we will be an asset to that community as much as we benefit. The masterminds we join are MULTIPLIERS for us.
For context ...
Napoleon Hill wrote "Think And Grow Rich" in the early 1900s. Back then life moved slow relative to today. Technology back then wasn't anything like it is now. No cell phones, no internet, no A.I. technology, no space travel ... We weren't nearly as barraged by constant pulls on our attention or at the mercy nearly as much by the effects of media, regulations, or world economic and political factors. For First Responders, public safety, tracking criminal organizations, and casework looked a lot different back then too. Now, the world is moving at lightspeed in comparison.
Business today versus business then is much more complicated. Add to that the speed of the world, today is simply too fast and the breadth of information is just too wide to manage every decision and challenge by ourselves. Working interdepartmentally and as a unit is more than ever an absolute need to solve cases. It's no different in a business where the need to solve challenges faster than things change makes it essential to tap into the perspectives, experiences, expertise, and network of more than just ourselves.
It's safe to say that if the Mastermind was THE master key to success back when life moved much slower with fewer variables, then it's more than the master key to success today. Going a step further, and based on my own experience, being in a mastermind of like-minded hard-charging peers is a requirement!
Hill further had to say, "...it is the principle through which you...use the education, the experience, the influence, and perhaps the capital of other people in carrying out your own plans in life. It is the principle through which you can accomplish in one year more than you could accomplish without it in a lifetime if you depended entirely on your own efforts for success. .... Of one fact, I am absolutely sure. ...the mastermind principle can give you absolute protection against failure, provided that your purpose in using this principle is beneficial to all whom you influence."
Napoleon Hill researched the greats of history and his time. He found overwhelmingly that "their success was due" to BOTH their "knowledge AND application of the mastermind principle."
I'm talking about the greats of his time, like Rockefeller, JPMorgan, and Carnegie, and research that included our founding fathers. As declared by Hill, "The greatest document ever conceived by the mind of man is a perfect example of the mastermind principle in action. It is the Declaration of Independence, and the best evidence of the importance of maintaining perfect harmony within a mastermind alliance may be found in the fact that the 56 men who signed the Declaration of Independence knew full well that it might turn out to be either a license of freedom for all mankind" or detrimental to them all.
"Analyze the record of any many who has accumulated a great fortune, and many of those who have accumulated modest fortunes, and you will find that they have either consciously or unconsciously employed the "Mastermind' Principle." ~ Napoleon Hill
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Paying it forward...
Napoleon Hill also taught in accord with the mastermind principle this success principle, that "success," "is something that can be had only by taking others along with you."
The Masterminds I've been a part of are game-changers. The only thing missing has been my First Responder brothers and sisters. We are a different breed. We speak a different language and are driven by a purpose you won't find in the private sector.
A couple of years ago, I decided it was time to give to the First Responder community, who have given to me so much, the exact benefits I've experienced in Masterminds. As a result, we founded TheWealthyServant™.
"Success," "is something that can be had only by taking others along with you." ~ Napoleon Hill
JOIN TheWealthyServant™
Members of each of our two mastermind groups are a part of an international community of First Responder Servant Leaders who are also entrepreneurs and business owners committed to growth.
The C.O.R.E. Mastermind is for those in the startup phase up to and including seasoned operators who are currently in the entrepreneurial growth-mode and the intense focus that period of business requires. They are raising capital, strategizing, learning to leverage, building out their brand, marketing, developing sales skills and processes, gathering resources, building their networks, building their pipelines, putting in the work to win, learning to accept delayed gratification, obliterating imposter syndrome, and tackling the head-on the challenges that come with all of that.
Our LIVE LIBERTAS Mastermind members most often find themselves in the transition between entrepreneurship and being business owners. They are focused at this stage of growth on diversification, acquisition of additional income streams, wealth strategies, tax and asset strategies, multiplying time and money, leverage, perhaps exiting their businesses, and LIFESTYLE.
Both levels benefit from the CONNECTIONS, COLLABORATIONS, and COLLECTIVE ADVANTAGE that comes when you bring together 100s of years of combined experience, expertise, learnings, hard-knocks, aligned values, network, and resources.
→ Members are entrepreneurs, business owners, operators, investors, thought-leaders, and influencers.
→ Members are best-selling authors, prolific speakers, podcast hosts, brand-builders, marketers, lead generators, coaches, content creators, trainers, real estate investors, brick-n-mortar owners, product innovators, patent inventors, community builders, e-com rockstars, capital raisers, creative deal engineers, and team-builders ...
→ Members here are involved in businesses ... including and beyond ...the acquisition of already cash-flowing businesses, buying hotels, investing in mortgage notes, launching new A.I. technology, developing software, starting service-based businesses, franchising, licensing their courses and certifications, buying rental portfolios, syndicating multi-family acquisitions, running marketing agencies, consulting firms, executive protection owners, and more ...
→ Members are also ALL SERVANT LEADERS who are, or are retired, ... Police Officers, Chiefs of Police, Investigators, Special Agents, Firefighters, Military Veterans, EMTs, Dispatchers, Nurses, Teachers and more ... at all levels of local, county, state, and federal agencies ...
🚀 ALL ARE COMMITTED TO the growth of their businesses, to relentlessly executing, and living life as the most ELITE versions of themselves.
🙌🏼 They come together for CEO leadership, immediate high-level feedback, mentorship, subject matter experts, and real-world working strategies.
🙌🏼 They come together for peer-to-peer brainstorming, to find blind spots, velocity problem solving, capital raising, deal share, resources share, investment opportunities, and connection.
🙌🏼 They come together to do business and life together as a MASTERMIND ALLIANCE.
Are you looking for a community that supports your goals? What would it mean for you to be in a community of FIRST RESPONDER BUSINESS OWNERS where the members EXPECT nothing less of you?
"This is the community you didn't know you needed until now."
If you are committed to building your brand and business, whether you're a startup or seasoned owner, I would love to connect with you. It's always inspiring to hear what you're working on, what impact you're creating, what's driving you, and what you'd like to do next.
Let's talk vision, business, and life...
JOIN The Mastermind...
This is not for everyone. It has to be a fit for you and for the community. We are selective to protect the integrity of our members.
Jump on an application call to qualify. That call IS ALSO an opportunity for you to benefit from a highly personalized deep-dive consultation on your current business or business idea. We will discuss your vision, valuation, and strategies and solutions that will close the gap between where you are now and what you are aiming for. You're guaranteed to walk away from that call with REAL SOLUTIONS.
The Masterminds include LIVE in-person "ALL IN" Boardroom gatherings as well as weekly virtual Boardroom meetings, niche subject matter calls throughout the month, along with access to an exclusive online community for networking, peer-to-peer brainstorming, problem-solving, and deal share.
(*There is an investment to join the mastermind and this will be explained on your application call.)
Not ready for the mastermind? Take advantage of a FREE Business Valuation and Strategy Call. Our business FTOs will walk through the valuation process with you and help UNLOCK additional revenue streams hiding within your current brand and business.
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Chief Operating Officer at Smash Factor, LLC | Member, Board of Directors Popstock Educational Services
6moIt was an incredible book and has been required reading for my current and past organization