Mastermind Group | Napoleon Hill | Definitions

The Mastermind Group

Imagine being part of a group of people who are all committed to consciously improving their lives and manifesting their dreams. These individuals each bring unique perspectives, resources, skills, and contacts to the group. Most importantly, each group member is committed to actively working towards their goals as well as supporting the other members in achieving theirs. They challenge each other to create and implement goals, brainstorm ideas, offer constructive feedback with honesty, respect, and compassion.

It’s a win/win opportunity.

It’s a Mastermind Group.

The Mastermind Principle

The concept of a Mastermind group was formally introduced by Napoleon Hill in the early 1900’s in his timeless classic, “Think and Grow Rich,” where he wrote, the “Master Mind” may be defined as:

“Coordination of knowledge and effort, in a spirit of harmony, between two or more people, for the attainment of a definite purpose.”

To simplify the abstract mastermind principle he continuous,

“No two minds ever come together without, thereby, creating a third, invisible, intangible force which may be likened to a third mind.”

Types of Mastermind Groups

Broadly speaking, there are three types of mastermind groups—the free, the paid, and the one you own.

Let’s look at each in greater detail.

The Free Group

This type of group closely resembles the original intent of Napoleon Hill’s concept. The group members come together on a regular basis, investing only their time and commitment to the group.

It is one of the simplest of the groups to form, but the hardest to maintain.

The Paid Group

The second type is the paid group. Members pay a monthly or yearly fee to participate. This simple difference creates much more committed members.

Also, paid groups onboard members through an application process.

The Group You Own

The last mastermind group is one you lead and market yourself. Group members pay you to participate; you facilitate the growth and interaction.

Before you lead a group, it’s best to have belonged to a paid group yourself.

Doing so, helps you understand what is involved in facilitating a group, how group interactions work, and what it’s like to invest in yourself.