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Is It Worth It to Pay $20K for a Mastermind? | Ep. #571

Feb 22, 2018

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In episode #571, Eric and Neil explain why it may be worth paying to join a Mastermind group. Tune in to hear if joining a Mastermind is right for you and how you can get the most out of the membership.

TIME-STAMPED SHOW NOTES:

[00:27] Today’s Topic: Is It Worth It to Pay $20K for a Mastermind?
[00:35] There are many Masterminds out there.
[01:30] In the last episode, we talked about investing in yourself and attending these events is also investing in yourself.
[01:51] Neil doesn’t attend these events anymore.
[02:03] He has built up a great circle over the years and doesn’t necessarily need to go to Masterminds anymore.
[02:28] Eric built a custom Mastermind, where they would have dinner and talk about business.
[02:39] If you want to figure out how to set up your own Mastermind, Google “Mastermind Talks” or “Mastermind Dinners”.
[02:47] Eric considers his Entrepreneur’s Organization to be a Mastermind group.
[03:05] Creating this group has been the best decision he’s ever made.
[03:37] Neil never joined EO, even though he’s been pitched on it. However, if he was just starting out, he would join.
[04:10] When picking a Mastermind, you want to be with like-minded people.
[04:29] If you’re a newbie, there is nothing wrong with joining a Mastermind with more experienced people, though experienced people should not join a Mastermind with a ton of Newbies.
[04:40] Look for a Mastermind with people who share your mindset.
[05:07] Make sure everyone has a similar philosophy.
[05:22] EO streamlines the Mastermind process and is a worldwide org.
[05:51] Once you’re in a Mastermind, after a year or two, you’ve already gained most of the knowledge you will need.
[06:04] Neil recommends switching up Mastermind groups so the info doesn’t become static or stale.
[06:40] That’s all for today!
[06:43] Go to Singlegrain.com/Giveway for a special marketing tool giveaway!