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The Tom Ferry Podcast Experience

The Power of Masterminds | Mindset Monday

The Tom Ferry Podcast Experience

Tom Ferry

Education, Business, Self-improvement

4.71.1K Ratings

🗓️ 12 February 2024

⏱️ 2 minutes

🧾️ Download transcript

Summary

Napoleon Hill, who wrote the book “Think and Grow Rich” talked about the power of Masterminds as the No. 1 principle of success. Masterminds have played a vital role in my own life, coming up from being a sales guy to founding my own company. In this episode of Mindset Monday, I’m talking about the power of Masterminds and what they mean for real estate agents of every level.

Transcript

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0:00.0

People ask me about the power of the mastermind and you know having been in

0:06.9

mastermind starting at 19 years old and at 19 and 20 as a matter of fact with about

0:11.6

15 of the most successful real estate agents on the planet.

0:14.0

Here I am this young sales guy learning the business and being able to spend this time with

0:18.7

these extraordinary individuals. What it did is it gave me a greater arc of perspective.

0:23.2

It gave me a level of maturity and understanding

0:26.4

that when I was talking to somebody that was newer

0:29.0

in the business or five or eight or ten years of the business,

0:31.6

the perspective that I had walking out of a room with

0:36.0

agents that were selling hundreds of homes a year in 1989 and 1990, I was able to

0:41.8

say to them, look I synthesized the 10 things that these men and women all do, it's ABC 1-2-3.

0:48.4

You know, without something like a mastermind, you never get the exposure to what other people are doing at a deep

0:55.1

level over time you get to go deep and wide versus you know meeting with people

1:00.2

now and then and just kind of picking a little bit like what's this person doing how they do on it

1:03.9

so imagine you know Henry Ford or you know J.P. Morgan literally reaching out to friends

1:11.8

and saying I need some ideas I want to bounce something off you I want to get your feedback

1:16.9

It wasn't just that they met on a monthly basis or a quarterly basis and worked on the big issues of their business, of their life,

1:26.6

of what was happening in the economy, of what was happening in the world, and why was that so successful?

1:32.4

We all know that your identity, the way you think about yourself and what you believe about yourself, right?

1:38.0

Your perspective, right, can be limiting.

1:42.0

So if I can meet with three four or five other women and men and

1:46.4

get their perspective on my problem their input on my problem their experience

...

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