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Top Reasons Why The “Average” Real Investor ALWAYS Fails… Part 3
By Sherman Ragland | July 20, 2007
Another critical step that many newbie real estate investors, and experienced mediocre investors, miss along the road to success is the NEED to plug in with others.
In his landmark book, THINK AND GROW RICH By NAPOLEON HILL, the concept of the MASTERMIND GROUP was first revealed to the general public. Up until the release of THINK AND GROW RICH, the general public just assumed that getting rich was by “LUCK”, “DECEIT” or INHERITANCE. With the sponsorship of Andrew Carnegie, America’s First Billionaire, Napoleon Hill interviewed over 125 of the richest people in America and over the span of over 10 years “cataloged” the specific things that wealthy people did to become RICH.
To the surprise of Napoleon Hill and his readers, the “SECRET TO GETTING RICH IN AMERICA” was not a huge secret at all! It was simply a matter of doing several simple things, in a specific order (or plan) and doing them consistently.
One of the things that all rich people had in common was the learned attribute of “Plugging In” to a group of “LIKE MINDED” people. That is plugging in to a group, or forming a group of people who shared common philosophies about integrity, ways to approach business, and most importantly, were deeply committed to their own financial success.
NAPOLEON HILL labeled this group as a MASTERMIND GROUP, and noted that one particularly interesting phenomenon occurred with “LIKE MINDED” people came together. If there were 3 people in the MASTERMIND GROUP, who each came in with their own specific ideas, suddenly there were not just 3 great ideas being discussed, but a 4th and 5th great idea quickly emerged. And if the MASTERMIND GROUP had 7 members, quickly the 7 good ideas that were brought into the group multiplied to 10 or 12 OUTSTANDING IDEAS.
PLUGGING IN…
It was (and is) the key to success for the Wealthiest American’s Highlighted in NAPOLEON HILL’s THINK AND GROW RICH, and it is still a foundational key to success for anyone seeking to be successful in real estate investing.
AVERAGE INVESTORS stay in the shadows, reading books and thinking about how they are going to get started, or grow their business to the next level, While SUCCESSFUL REAL ESTATE INVESTORS learn early on the importance of PLUGGING IN to a great REAL ESTATE FOCUSED MASTERMIND GROUP and then staying involved to grow themselves and their ideas, and then implementing those great ideas for significant increases in their CASH-FLOW and WEALTH.
PLUGGING IN To a GREAT REAL ESTATE MASTERMIND is one of the “SECRETS” to great success.
p.s. -> SHAMELESS PLUG <- If you are in the DC/Baltimore/Northern Virginia area and are looking for a Great REAL ESTATE MASTERMIND GROUP, I invite you to discover DC-REIA.com The Greater Washington, DC Real Estate Investors’ Association.
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Tags: andrew carnegie, billionaire, diana nightingale, financial success, mastermind group, napoleon hill, real estate investors, richest people in america, sherman ragland, think and grow, think and grow rich, think grow rich
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