Is It Worth It to Pay $20K for a Mastermind? | Ep. #571

<p>In episode #571, Eric and Neil explain why it may be worth paying to join a Mastermind group. Tune in to hear if joining a Mastermind is right for you and how you can get the most out of the membership. </p> <p><strong>TIME-STAMPED SHOW NOTES:</strong></p> <ul> <li>[00:27] Today’s Topic: <em>Is It Worth It to Pay $20K for a Mastermind?</em></li> <li>[00:35] There are many Masterminds out there.</li> <li>[01:30] In the last episode, we talked about investing in yourself and attending these events is also investing in yourself.</li> <li>[01:51] Neil doesn’t attend these events anymore.</li> <li>[02:03] He has built up a great circle over the years and doesn’t necessarily need to go to Masterminds anymore.</li> <li>[02:28] Eric built a custom Mastermind, where they would have dinner and talk about business.</li> <li>[02:39] If you want to figure out how to set up your own Mastermind, Google “Mastermind Talks” or “Mastermind Dinners”.</li> <li>[02:47] Eric considers his Entrepreneur’s Organization to be a Mastermind group.</li> <li>[03:05] Creating this group has been the best decision he’s ever made.</li> <li>[03:37] Neil never joined EO, even though he’s been pitched on it. However, if he was just starting out, he would join.</li> <li>[04:10] When picking a Mastermind, you want to be with like-minded people.</li> <li>[04:29] If you’re a newbie, there is nothing wrong with joining a Mastermind with more experienced people, though experienced people should not join a Mastermind with a ton of Newbies.</li> <li>[04:40] Look for a Mastermind with people who share your mindset.</li> <li>[05:07] Make sure everyone has a similar philosophy.</li> <li>[05:22] EO streamlines the Mastermind process and is a worldwide org.</li> <li>[05:51] Once you’re in a Mastermind, after a year or two, you’ve already gained most of the knowledge you will need.</li> <li>[06:04] Neil recommends switching up Mastermind groups so the info doesn’t become static or stale.</li> <li>[06:40] That’s all for today!</li> <li>[06:43] Go to <a href= "h