I Just Spent $65,000 On Masterminds, But Did I Make A Mistake?

The Anik Singal Show

Anik Singal

Education, Business:entrepreneurship, Business, Marketing, Entrepreneurship, Courses

4.9 • 1K Ratings

🗓️ 15 September 2022

⏱️ 7 minutes

🔗️ Recording | iTunes | RSS

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Summary

I’ve joined a bunch of Masterminds in my career - and I’ve gotten so much out of them. But recently, I joined several new ones and I’m wondering if I made a mistake? So here’s what I did - I’m looking at the 3 main reasons to join a Mastermind and evaluating them based on those criteria… If you’ve ever considered joining a Mastermind, or even if you’ve only heard of them, this episode is for you!

Transcript

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0:00.0	I just committed to investing over $65,000 into two masterminds and I'm considering joining a
0:05.9	third one, which would be another $20,000. And I think maybe I've made a big mistake.
0:10.7	Well, I want to analyze this for you in this episode and talk about masterminds and
0:15.5	how they work and why I think I maybe made a mistake, maybe didn't, we'll find out at the end
0:19.6	of the episode. What's up guys? This is Onyxingall. Welcome back to the podcast and here today we're
0:24.3	going to talk about masterminds. I've been joining masterminds since the first time I started a
0:28.0	business. My first mastermind I ever joined was when I had $20,000 in my bank account and the
0:32.5	mastermind cost about 15 and I joined it. But I can tell you, and this is me going off of memory
0:36.9	from something that was literally 18 years ago and I'm probably completely wrong in my numbers.
0:41.0	So that's my disclaimer. I believe though, if I remember correctly, I went on to make three or
0:44.8	four hundred thousand dollars from that mastermind. One thing I can tell you that in my entire life,
0:49.6	every mastermind I've invested in, there was only one that I did not get a ridiculous return
0:55.0	from. Only one. In that particular one, I just never used it. I invested in it, never went to
0:59.4	a single event, never logged in, never did a darn thing. So of course I got nothing out of it.
1:03.2	But for the most part, if you do your masterminds properly, they're actually really, really helpful.
1:07.1	The reason I decided to uproot all of a sudden and join these masterminds was because I did a
1:11.4	little bit of self-reflection. For the last five years, I noticed one thing. My network hadn't
1:15.6	really grown. I hadn't gone out there, met new people, hadn't really learned anything new,
1:19.1	and I knew one thing. That's an entrepreneur. If you stole, you die. And it didn't make me feel good
1:24.0	at the age of 39. Feeling like I'm still at the prime of my entrepreneurship career, I felt like
1:28.4	I should be meeting new people, growing relationships, growing my knowledge, growing my mind,
1:32.6	what am I doing? I started realizing every room I was walking into. I was the top dog in the room,
	...

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