Rich Habits Poor Habits Episode 28 | What is the value of a mentor?

In Tom Corley’s five-year Rich Habits study of 233 rich people and 128 poor people he discovered that we adopt the beliefs of our parents, family, mentors, culture, and environment. teacher mentor learning

He shares some of those revelations with regards to the value of a mentor

Finding a mentor is like having someone deposit $4 million into your bank account.

Only 24% of the wealthy in my study were fortunate enough to have had someone mentor them in their lives.

Of this 24%, however, 93% attributed their enormous wealth to their mentors.

The average net liquid wealth of the 233 rich people in my research was $4.3 million.

This means the value of their mentor(s) was $4 million.

Mentors do more than simply influence your life in some way.

They regularly and actively participate in your success by teaching you what to do and what not to do.

They share with you valuable life lessons they learned either from their own mentor or from the school of hard knocks.

When you think about the value of finding a mentor, now you know the answer – $4 million.

Finding a mentor is one of the best and least painful ways to become rich.

So how do you go about finding a mentor?

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The easiest way is to find someone where you work who is outstanding and ask them to be your mentor.

“John, I’ve been watching you for some time and you are very good at what you do.

I would like to follow in your footsteps. Would you be my mentor here at work?”

How could John say no.

John will be very flattered and say yes.

Being a mentor is not a one-way street.

Mentoring helps the mentor become a better teacher.

You have to really know your area of expertise to be able to teach it to someone.

Being a mentor benefits both parties.

As the mentoring begins, your relationship with your mentor will grow strong.

In time, the mentoring will move beyond the workplace and the lessons your mentor will share with you will move beyond the workplace as well.

Your mentor will teach you about success both inside the workplace and in life.

He or she will share with you their morality, success principles and daily habits. expert leader

They will share with you the mistakes they’ve made and the life lessons they learned from those mistakes.

This means you won’t have to repeat their mistakes.

You won’t have to attend the school of hard knocks.

Mentoring is like paving the road to success with a smooth surface.

It removes the rocks and potholes.

It removes the detour signs.

Mentoring is the most direct map to your financial success.

But what if there is no one at work who fits the bill?

There are other ways to find mentors in life.

Join a network group.

Network groups are a great way to meet new people both within and without your field of expertise.team puzzle help build

Over time, your relationships will grow stronger and you will be able to identify outstanding individuals who can act as your mentor.

Volunteering at non-profits or civic organizations will introduce you to individuals who can become your mentors in life.

Many wealthy, successful individuals sit on the boards of these non-profit organizations or work in the various committees that every non-profit has.

In these nonprofits you will find that outstanding individual who can act as your mentor.

Trade groups or trade organizations are another avenue to finding a mentor in your industry.

Getting involved in these trade groups will expose you to many individuals.

YOU MAY ALSO BE INTERESTED IN VIEWING:

RICH HABITS POOR HABITS EPISODE 27 | YOU SIMPLY CANNOT THINK YOUR WAY TO SUCCESS

RICH HABITS POOR HABITS EPISODE 26 | MYTHS ABOUT THE WEALTHY PART 2

RICH HABITS POOR HABITS EPISODE 25 | MYTHS ABOUT THE WEALTHY PART 

 

 

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Thomas C. Corley About Thomas C. Corley

Tom Corley understands the difference between being rich and poor: at age nine, his family went from being multi-millionaires to broke in just one night, due to a catastrophic fire that destroyed his Dad's thriving business. For fourteen years they struggled with poverty. There were eleven in Tom's family, and they lived in constant fear of losing their home.

Driven by the desire to unlock the secrets to success and failure, Tom spent five years studying the daily activities of 233 rich people and 128 poor people. He discovered there was an immense difference between the habits of the rich and the poor. During his research he identified over 300 daily activities that separated the “haves” from the “have nots.” Tom decided to write a book to share what he learned. That book, Rich Habits: The Daily Success Habits of Wealthy Individuals (1st Edition), went on to become an Amazon Bestseller in the United States forty times over a three year period. To give you some perspective, in order to be a true Amazon Bestseller in the United States, where you actually receive a specific Bestseller designation from Amazon, you need to be in the top 100 of all books sold by Amazon in the United States in a given day. Rich Habits did that for nearly thirty straight days, rising as high as #7, eclipsing such Bestselling authors such as Stephen Covey, Robert Kiyosaki and J.K. Rowlings. Imagine that - an unknown, first-time, self-published author selling more books than J.K. Rowlings!

Tom now travels the world, sharing his Rich Habits and motivating audiences at industry conferences, corporate events, universities, multi-level marketing group events, and global sales organizations’ presentations and finance conferences. He has even spoken on the same stage with famous entrepreneurs and personal development experts, such as Sir Richard Branson, Robin Sharma, Dr. Daniel Amen, and many others.

Tom has shared his insights on various national and international network, cable, and Internet television programs such as CBS Evening News, NBC News, Yahoo Financially Fit, Money.com, India TV, News.com Australia, and a host of others. He has been interviewed on many prestigious nationally syndicated radio shows, including the Dave Ramsey Show, Marketplace Money, and WABC.

Tom has been featured in numerous print magazines—such as Money magazine, Inc. Magazine, SUCCESS Magazine, Entrepreneur magazine, Fast Company magazine, More magazine, Epoca Magazine (Brazil’s largest weekly) and Kiplinger’s Personal Finance magazine—and various online publications, including USA Today, CNN, MSN Money, SUCCESS.com, Inc.com, and the Huffington Post. Tom is a frequent contributor to Business Insider, Credit.com, Bankrate.com and a few other media outlets.

National publicity has garnered international media attention for Tom and his Rich Habits research spanning 23 countries. Broadcast media, online publications, and television throughout Asia, the South Pacific, Europe, the United Kingdom, and Central and South America have shared his powerful message.

In an effort to help parents, grandparents, teachers and adults become success mentors to the younger generation, Tom released his second book, Rich Kids: How to Raise Our Children to be Happy and Successful in Life in 2014. This book was the self-help category winner of the 2015 New York Book Festival and Runner-up in the prestigious 2015 Writer’s Digest Self-Published Book Awards Contest. In 2016 Tom released his third book, Change Your Habits, Change Your Life. This book provides the latest science on habit change as well as more of Tom's unique research on the specific habits that helped transform 177 ordinary individuals into self-made millionaires.

Besides being an author, Tom is also a CPA, CFP, and hold a master’s degree in taxation. As president of Cerefice and Company, CPAs, Tom heads one of the premier financial firms in New Jersey.
 
Phone Number: 732-382-3800 Ext. 103.
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Comments

  1. Steveark says:

    Could not agree more. I benefited from a very gifted mentor at my company and most of my success came from lessons learned from him. However he was a deeply flawed individual and for all the positive work related lessons I learned I picked up just as many behaviors to avoid by watching him do self destructive things. In the end I thrived and he did not. I think in every mentoring case there will be both positive and negative lessons to be learned, even if the mentor is not aware of or in control of his own problems.

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