How To Become Your Own Mentor


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In my Rich Habits Study I learned three things about mentors:

#1 Mentors are hard to come by – only 24% of the wealthy had a mentor in life. But, for those 24%, 93% said they became rich because of their mentors.

#2 Finding a mentor is the fast track to accumulating wealth – Those 24% who found mentors also happened to accumulate their wealth at a younger age than the rest of the millionaires in my study.

#3 Having a mentor produces the greatest accumulation of wealth – Almost all of the millionaires in my study who had a mentor, also happened to have accumulated the most wealth.

So, clearly the goal for everyone who wants to be rich  should be to find a mentor. But what if you can’t find one?

Well, that was the case for 76% of the wealthy in my study, yet they still somehow were able to become rich. So, how did they do it?

The simple answer is ….. they became their own mentors.

In my study, I found that there are a number of ways to mentor yourself:

  1. Reading – Reading to gain knowledge. Reading “How-To” books/articles about successful people in your field. Reading biographies about successful people.
  2. Seek Feedback From Your Inner Circle – Bounce problems, issues, ideas off of those you know. Also, have your inner circle be your guinea pigs for the products or services you sell and ask them about their experience.
  3. Form a Master Mind Group – In order for a Master Mind Group to work, everyone in the group must be pursuing almost identical dreams and goals. In other words, they must be in the same field as you are and they must be seeking the same end result. An ideal Master Mind Group should be no more than five individuals who meet (physically or remotely) at least once a month. One of the objectives of the Master Mind Group needs to be the sharing of Best Practices – things that work and things that don’t work.
  4. The School of Hard Knocks – Start a business. When you start a business, you will make mistakes and may even fail. These mistakes and failures teach you what works and what doesn’t work. Because they cost you time and money, they lessons they teach create emotional memories, the most powerful type of memory there is. Emotional memory is like scar tissue on the brain. It never goes away. The memory sticks forever, and, therefore, the lessons stay with you forever.

My mission is to share my unique research in order to help others realize their dreams and achieve their goals. If you find value in these articles, please share them with your inner circle and encourage them to Subscribe. Thank You!

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Thomas C. Corley About Thomas C. Corley

Tom Corley is a bestselling author, speaker, and media contributor for Business Insider, CNBC and a few other national media outlets.

His Rich Habits research has been read, viewed or heard by over 50 million people in 25 countries around the world.

Besides being an author, Tom is also a CPA, CFP, holds a master’s degree in taxation and is President of Cerefice and Company, a CPA firm in New Jersey.
Phone Number: 732-382-3800 Ext. 103.
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