Rich Habits Word of the Day
Mastermind – Organized group, team. Tom’s mastermind group was instrumental in his success.
Rich Habits Fact of the Day
Mastermind groups have been around since the beginning of time: the founding fathers of the United States were essentially a mastermind group; likewise Jesus and his disciples. The Greek king, Alexander the Great (356-323 BC) had a group of advisors as have most world leaders in history; these groups of advisors can be considered mastermind groups.
You may have heard of Benjamin Franklin’s Junto. (Junto is a Spanish word which means “council.”) Ben Franklin, an individual committed to self-improvement, in 1727 founded a discussion group called the Junto that evolved into the American Philosophical Association and helped establish the first U.S. lending library as well as an academy that evolved into the University of Pennsylvania. The Junto was essentially a mastermind group.
Andrew Carnegie, one of the most famous leaders of industry of the late 19th and early 20th centuries, and a Scottish immigrant who became the richest man in the world, believed participating in a mastermind group to be an essential ingredient for success.
Rich Habits Lesson of the Day
One of the keys to success for companies like Apple, Goldman Sachs and Ford is the ability to get thousands to work together for one common chief aim, purpose or goal. Napolean Hill likes to call organized effort, the Master Mind. In order for this success principle to work you need at least two individuals who are obsessively dedicated to the same chief aim, purpose or goal. “One for all and all for one” makes organizations take off. Ideally, the more individuals you are able to include in your Master Mind, the better. More means more money, success and wealth. All must share five things: a common Chief Aim, Focus, Persistence, Passion and Patience.