man organizing people

Three Ways to Build a Winning Circle and Achieve Your Goals

Choosing who you associate with wisely

Your "circle" is made up of the people around you. You probably have several circles in your life. You may have your family circle, your work or business circle, and your circle of friends. If you have a hobby or play a sport, then you have a circle relating to those interests as well.

If you want to be financially successful, it's key that you choose your investing circle wisely. And when it comes to your circle, you have three things that you can control: friends, mentors, and groups.

Choose your friends

My friend Jayne gave me some advice years ago when I shared with her a goal for The Rich Dad Company. It was a big and bold goal. I told her I wanted to make the goal real in my mind by sharing it with more and more people. I figured the more I shared it the better chance it had of becoming real.

Jayne's words were, "It's good to share your goal with other people, but just be careful who exactly you share it with. Not everyone supports you getting what you want. Not everyone is a true friend."

Being an optimist, I wanted to prove Jayne wrong. I wanted to believe the good in everyone. But, a little later, at a New Year's Eve party, I came to understand first-hand that Jayne was right. A friend of mine who went through a health scare shared her goal of losing thirty pounds. She had hired a personal trainer and was getting serious. Five of us applauded her, but later one of her "friends" came over and said, "She'll never make it. She's tried this before, you know, and it didn't work. I don't think she's got the discipline."

With friends like that, who needs enemies? The secret to success is to surround yourself with people who will sincerely support you and encourage you to reach your financial goals. I made the decision years ago to only do business and to only build friendships with people I truly enjoy being around, and who are truly for me. Life's too short to do otherwise.

Seek out mentors

Mentors are those who have experience and are more accomplished at doing the things you want to do. There are lots of different types of mentors, including investment, business, fitness, and personal mentors.

My good friend Ken is one of my investment mentors. He owns one of the largest investment property companies in the Southwest and is a very successful investor. What I love about Ken is that he and I will get together to discuss a potential deal and spend quite a bit of time analyzing the pros and cons. Every time, I come away feeling high as a kite because I know so much more than when I went into the meeting.

Many people ask how to find a mentor. I don't have a magic formula for this. Most of the time it happens by happenstance. What is most important, however, is that you need to have your eyes and your mind open. As the old proverb goes, "When the student is ready, the teacher will appear."

Join a group

I believe that women learn very well from other women. That's why I encourage women to form all-women investment study groups. By this I don't mean groups that pool money to invest, rather I'm speaking of support groups that are education focused.

For these types of groups, set your standards high. Invite only women who are serious about their financial education and who are willing to learn and take action. You're looking for like-minded and open-minded women who are willing to explore new ideas and opportunities.

The main point is this: surround yourself with people (and this is true in all areas of your life) who will cheer you on, who will be honest with you, and who will encourage you to keep going, during the ups and downs, to achieve your goals, specifically your financial goals.

Original publish date: December 18, 2014

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