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The Tom Ferry Podcast Experience

The Power of Mastermind Groups: How to Get Started | Tom Ferry Podcast Experience

The Tom Ferry Podcast Experience

Tom Ferry

Education, Self-improvement, Business

4.81.1K Ratings

🗓️ 20 February 2025

⏱️ 30 minutes

🧾️ Download transcript

Summary

What are Mastermind groups, and why have they been a cornerstone of elite success since Napoleon Hill introduced the concept in Think & Grow Rich? Most real estate agents don’t fully understand how to start, join, or truly maximize the potential of these game-changing groups—but that’s exactly what we’re here to fix.   In this episode of the Tom Ferry Podcast Experience, Tom sits down with real estate leaders Valerie Upham, John Bathurst, and Zac Nelson to unpack the power of Mastermind groups. They’ll share how they got involved, the strategies they use to extract the most value, and how these groups have transformed not just their businesses, but their entire mindsets.   Because Masterminds aren’t just about new ideas—they’re about shifting your identity, leveling up your thinking, and operating at a whole new level.   Want to join a powerful Mastermind group today? Tom Ferry coaching members get exclusive access to online and in-person Mastermind groups, from twice-weekly sessions on various business topics to high-level retreats for comprehensive strategizing and networking. If you're ready to surround yourself with the best and accelerate your success, schedule a consultation now to learn more: https://www.tomferry.com/business-growth-assessment/ \

Transcript

Click on a timestamp to play from that location

0:00.0

So here's the thing, entrepreneurs, leaders, salespeople.

0:05.0

We all want to create consistent, repeatable, and scalable ways to grow our business and our income.

0:10.0

And we want to do it better, faster, and more seamlessly. Why?

0:14.0

So we can actually enjoy our lives, take vacations, and spend the quality time we want with the people that we love.

0:20.0

How do we do all this

0:21.6

without spending a fortune or running ourselves ragged? That's the big question, and this show is

0:26.9

dedicated to the answer. Sometimes in life we get invited to things that we don't want to attend,

0:36.7

and I've always been a fan of,

0:38.5

sometimes you just got to say yes. Well, it was, I think, August of 1989. And my father said to me,

0:45.8

there's a meeting going on downstairs in a ballroom. I really don't want to attend. Would you go

0:51.3

in my presence? Like, be me there in the meeting. I'm like, well, first of all, tough shoes, but sure. And I remember go in my presence? Like be me there in the meeting.

0:54.3

I'm like, well, first of all, tough shoes, but sure.

0:57.4

And I remember walking into the room.

0:58.8

And as I peeled open the door, I looked at this boardroom.

1:02.3

And I saw 16 of the best agents that attend all of his conferences.

1:07.6

And they were sitting around the room and they were ideas sharing their same.

1:10.4

But what about? And how did you do this? And they were sitting around the room and they were ideas sharing their same but what about and how did you do this and they were revealing and I stepped in and everybody

1:14.3

went quiet and of course said where's your father and I said he can't make it but he asked me to come

1:19.9

and take notes and to learn and to help facilitate so I'm just honored to be in your presence and I sat down

1:25.3

and I watched these 16 people battle and argue

1:29.7

and debate and share and reveal. And in that day, I said to myself, this could be the most

1:36.3

important room I've been in in my career. It was the first time I was ever in a mastermind group.

...

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