Page 148 - The Millionaire Mindset

about it because he has never traveled the journey of the person giving the advice. That’s
the beauty of Masterminding. You get ideas, solutions and contacts you could never in a
million years have come up with if you were working on it alone.

Origins
People have used Masterminding throughout history to solve life’s issues. As far
back as recorded history, people have been involved in working out problems through
sitting down, discussing the scope of what needs to be solved, putting egos aside, and
joining together in a spirit of harmony, where the sole objective is to help the person being
Masterminded. The term Masterminding is fairly new but the concept of tapping into a
Master Mind is not. It’s like joining several batteries together and watching the power of
all of them create much more than the total energy they could bring individually. What
happens can be truly amazing.

Think & Grow Rich

Napoleon Hill, author of the mega best-seller Think & Grow Rich, popularized

the term ‘masterminding’ a few decades ago. Although he was one of the first to write about

it, he surely would never claim to have invented or originated the concept.
Hill observed the lives of some 500 of the world’s wealthiest men, he discovered Today
they all belonged to a Mastermind group. Each had a group of peers from whom they is a
received support, encouragement, contacts, knowledge and advice. great
One photo I have seen depicts Ironside, Ford, Carnegie and a few other giants of day
American enterprise engaged in Masterminding. Each one, claims Hill, acknowledges the

power and absolute necessity of the Mastermind group for success in life.

Napoleon Hill said...

The accumulation of great fortunes calls for power, and power is acquired through

highly organized and intelligently directed, specialized knowledge, but that knowledge does

not necessarily have to be in the possession of the person who accumulates the fortune.

In fact, Hill reports that Charles Schwab knew virtually nothing about steel, yet

he was responsible for creating the largest steel company in the world, The American Steel

Company.
Key Strategies for Effective Masterminding

Having conducted Masterminding with people around the world, some with great
success, others with little, we have found certain important elements in Masterminding are

Millionaireessential if you are to return the maximum benefits. Without these key strategies, the groups
tend to fizzle out quite quickly.

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