These days being a mentor is a multi-billion dollar business. Mentors come in the forms of goal coaches, financial gurus, even spiritual teachers. CEO’s and business leaders are going to companies to find mentors to help them achieve their goals. Having a mentor, someone you can bounce any ideas off of is essential to one’s growth. Having this person watching over your shoulder can save you the headaches of making mistakes, which could cost you big in investing.

When looking for a mentor find someone that is successful in whatever you want to be taught in. You can find these people through friends, seminars, even online. Some people make a living off being mentors and charge money to have access to their skills. Beware when choosing a mentor; I have heard massive horror stories of people losing their shirts on bad advice. I have nothing but good things to say about Robert Allen and Robert Kiyosaki, both of whom have companies that give out investing advice. For about 10,000$ dollars you can have your own personal mentor but having one over the phone only gets you so far; try and find someone that is in the same city as you or is willing to meet with you. People using “mentor farms” may get burned by their mentors but also if they quit the program or stop trying.

To get the most out of a mentor have someone that is willing to push you! Always be on your toes and don’t bother if you’re not ready to have a teacher or take the next step because you are just wasting your money and time. When all you can do is truly think about investing that’s when you should go out and look for a mentor. Think of them as a personal trainer at the gym. You aren’t going to pay for a personal trainer if you can’t even figure out a way to get off your couch to get down to the gym are you?

Paying for a mentor can be an excellent tool, but you would be amazed at the amount of people that would be willing to be a mentor for free. I was at a seminar last year and people were standing up looking for apprentices that wanted to learn how to become real estate investors! If you can’t find one keep looking in local advertisements or even www.craigslist.com because getting a mentor could be worth millions to you!

Kelly Parks
www.wealthforinvestors.com