When I sought to write my second book, Rich Kids, I had an end in mind. I wanted to write a book that served one of the most important needs of success-minded individuals – the need to be mentored.
You see, with the success of my first book, Rich Habits, I began to receive frequent emails from different individuals around the world, asking me to be their personal mentor.
I’m one person running three businesses. And I knew it was impossible to be a mentor to everyone. So, I wrote Rich Kids to serve as my mentor surrogate.
Mentorship, I learned from my Rich Habits study, was one of the Rich Habits of self-made millionaires. Long before they became rich, the self-made millionaires in my study found people to mentor them.
Mentorship fast-tracks success. It takes the success learning curve from a lifetime, down to just twelve years, according to my research data.
What does that mean?
It means if you want to get rich before you get old, find mentors.
I just read a very interesting article in CNBC Make It about this. Here’s the link.
In this article, Timothy Kim, a self-made millionaire, chronicles how he spent $70,000 for mentorship over the course of six months.
Kim is like many of the self-made millionaires in my Rich Habits Study who were fanatical about seeking out mentors.
And they are happy to pay for that mentorship.
I do a lot of speaking engagements around the world (my favorite is the Wealth Retreat). Many of the organizations who pay me to speak, charge upwards of $10,000 per participant for a five-day session. The participants are always individuals who are pursuing wealth or who are already wealthy.
The participants pay these large seminar fees because they believe in investing in mentorship. Their hope is that they will learn something or meet someone at these events that will help take them to the next level.
And if those event hosts do their job, that’s exactly what happens. They help take their participants to the next level, whatever that next level happens to be in their life.
Success always requires an investment in your time and money. It’s a fact that will never change.
Mentorship is one of the best investments you can make because it puts you in touch with individuals who have already figured it out. True success mentors know what to do and what not to do. As a result, they reduce the risk of failure and increase the odds for success. They fast-track success.
About Thomas C. Corley
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