June 3, 2025 • 24 mins
Success loves speed—but only when it’s guided. In this motivational episode, Vinney reveals three mentorship principles that took him from $7 to managing over $1B in assets. Gualter adds personal stories of mentorship wins and failures, sharing how guidance can drastically shortcut your learning curve.
🚀 Want to go fast and far? Get a mentor—and learn how to make the most of that relationship here.
🚀 Connect, Invest & Learn with Vinney (Smile😊) Chopra
👉 https://linktr.ee/VinneySmileChopra
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
(00:00):
If your businesses standstill, if yourlife is standstill, if you think that
relationships are not where you want tobe, you're stretched every angle, right?
It's a time to really sit downand say, am I just not motivated?
I. Why so why is what we need tofigure it out ourselves and in
(00:23):
discovering the why and the discomfort,we will say, you know what, what?
I want to be this person over here.
I'm this person here, but I want tobe this person here and take time.
Hey friends, this is Winnie Chopra.
Thank you for liking the episodes thatwe bring the guests in our podcast.
(00:43):
Please do go to winnie chopra.com and freeslash free benefits so that you could get
a lot of good things, goodies, all that.
And also, please follow.
Walter and I do a show Abundance Mindseton Thursday Morning Live, which is
on 9:00 AM Pacific, and also Nie andBo Show, which we also go live, uh,
(01:05):
on set on Friday at 9:00 AM Pacific.
See you on the other episode.
Take care.
Enjoy this show.
Welcome back, Alchemist.
This is Abundance Thursdayswith myself, Walter Morello and
the great Vinny Smile Chopra.
Vinny, welcome back brother.
How is everything going in California?
Everything is great, brother.
Outside.
(01:26):
It's 58 degrees.
Not bad.
Not bad.
But I just came upstairs in theyoga room and I said, let's do the
elliptical That way gives me somegood exercise as well as, yeah.
So you're in the yoga room this morningI was in the yoga studio and I was
thinking, uh, as we were doing yoga,I was thinking, man, like I am so
(01:46):
blessed to have amazing mentors, right?
I've been here, I've gotten herebecause of the people who were, I'm
standing on their shoulders, right?
Like you're one of them.
And I had guys really early in my career.
I have my dad beginning of mylife, and it seems like a theme.
So Wolf Principle 30.
I talk about people this all the time.
People are like, Hey man,how'd you get so successful?
Dude, I just asked Really smartpeople, really rich people, really
healthy people, really happy people.
(02:07):
How they got to where they got.
But you actually just sent me some notes.
I've got almost eight,it looks like eight, 10.
So 10 different steps or suggestions inreasons why, uh, mentors are so important.
Vinnie, welcome.
Back and let's dive into this.
Thank you.
Thank you, brother.
Who was your first mentor,if you can remember them?
Oh my gosh.
You know, if I remember correctly, my veryfirst mentor was my junior high teacher.
(02:33):
He took a lot of interest in me,brother, and he wanted me to succeed.
That's the biggest thing I canremember, and he was so nice.
He will teach me, even askafter the class, uh, you know,
any kind of questions I had.
And then he wanted me to be number one.
I still remember like in chemistry andphysics, the outside people had come.
(02:59):
Can you play with Think sometime?
You remember them back, right?
And I scored number one andhe was so elated and he says.
Oh my gosh.
I knew that you haveit in you, blah, blah.
Right.
Very nice.
So that's my Early on, I think mydad was also a very big mentor of
mine because he was a disciplin.
(03:19):
If he really didn't hold thoseschools every night after dinner,
I wouldn't be where I am today.
Then I say Grandpa.
My grandpa was a big mentor of minewho really believed in my success and
wanted to give me everything possible.
Actually, he paid for my year ticketbecause my parents didn't want me to
come here, and then my uncle here whogave me sponsorship, and that made
(03:44):
me just come alive into this country.
After that, I've had lots of mentors.
Met some of them.
Zig Ziglar, Wayne Dyer, Tony Robbins ofcourse, and Robert Kiyosaki on this site.
But Jim Rohn, I didn't get achance to meet, but he's been a
big mentor of mine unknowingly.
(04:06):
But I've read his booksand listened to his.
Tapes and all those things.
And of course lots of books.
So there are a lot of mentorsthat way who have shaped my life.
So I, I noticed you mentionedyour dad was a disciplinarian.
So before we, we go into the techniqueof how to find a good mentor, the,
let's discuss a little bit aboutthe pain of not having mentors.
(04:26):
Before we go into how tofind them, why you need them.
Uh, let's talk a little bit about, uh,the person who currently right now.
Doesn't have a mentor in thespace they want to go to.
And you and I have agreed we'regonna talk more towards that
person who's super high net worth.
Yes.
That person who is, they'vesucceeded in many things.
Mm-hmm.
And they've succeededin building business.
They've succeeded in investments,they've succeeded in in real estate
(04:48):
maybe, but they're now looking toget more into the passive space.
Maybe this is a high driver, highsuccess person, and they're now
looking to let go and get more into.
Spending time with their family,making up for some of the years
that they grinded, uh, for so long.
Uh, how does a person who is reallygood at everything that they've ever
touched, how do they decide it is time tofind a mentor in like passive investing
(05:13):
and, and like you just went on vacationthree times, I think three months total.
How, how do they realize to get to thespace that you're at, where you're really
passively investing money instead of soactively investing in, in doing all the
work and building all the businesses.
That's a very good question.
Very good question.
Again, one needs to reallyintrospectively, sit down and
(05:33):
look at you have achieved so much.
What's the money doing for you?
Where is it standing or is it.
Running or moving, I call itvelocity of money is the key thing.
See, inflation cuts it down, right?
Our buying power.
But the biggest thing for anybody who hasachieved very big status, and they are in
(05:55):
millionaires, multimillionaire, to findways and find mentors who they can really.
I think again, they can go in theircircle to find out who are good ones.
There are a lot of coaches,a lot of mentors out there.
They're out for themselves, butyou need to find somebody who's.
(06:16):
Sincere, honest doesn'tcharge you too much.
I mean, there is some fee, rightin any kind of mentorship or in
coaching, but find somebody whoreally sticks with your code.
You know what your value system is,and you are able to get motivated
not to really meet with that mentorweekly or biweekly like that.
(06:39):
Then fee.
You know what, I don'twant to meet that person.
He gave me certain things.
Yeah.
I just, I just wanna, beforewe get into it, because you're
giving away all the sauce before.
Uh, how does a personidentify it's time for them?
So let me explain it the question mm-hmm.
Because I know it's,it's a question I have.
Right?
So how does, because I'm, I'm high ego.
I'm very good at what everything I touchand, but I've been blessed with mentors.
(07:02):
But before I go and I look for one,there's usually a time of pain.
There's usually a time of.
Yes.
Maybe I wanna stay right where I'm at.
Maybe I don't want to takeon the next challenge.
Maybe I don't wanna take on any risk.
What do you say to somebody who's in thatstate of comfort where maybe the money
being in the bank is a lot, it feelsbetter than the money growing right now.
(07:22):
Like maybe they're not reallyconcerned about inflation, maybe
they're not really concerned about,you know, the growth of their money.
Maybe they're just.
Sitting there saying, you know what?
I made all the money.
And they're in this scrooge McDuckkind of space where they're just like,
happy ca swimming through the coins.
Like, how do you, how do you havethat conversation with that person
or, or what, have you ever been tothat space where you, you knew, oh
(07:44):
yeah, you should look for a mentor,but you're not ready to look yet?
Oh totally, brother.
I have been in many times indifferent parts of my life.
The biggest thing is even today, I'mnot motivated with lot of things,
but I'm motivated with few things.
That's very important.
That's very important because.
As we grow younger, everyyear our goals change.
(08:08):
Our value system changes.
Now you're having baby come in, right?
So all those things, andBo just had a baby, right?
My other partner, the keything is there is time for.
Plugging on with the relationships,family basking in that time
and really enjoying that.
And then there is a time, which couldbe after three months, six months
(08:31):
or whatever, to introspectivelysit down and say, you know what?
I have taken rest.
Now let me go ahead and getfocused on what's important.
See, the biggest thing is wegot be doing what we love.
Not do what we hate.
See, that's the biggestproblem because if we have a.
(08:53):
A lot of people say, I wannado, and I used to say that too.
I wanna do this.
I'm capable of, right?
But if you do one more thing withclarity and focus that you really
want to lead your life for the nextfive years or 10 years, I. Then
there's no nothing to worry about.
So it's thatsingle-mindedness and clarity.
(09:16):
But also Stephen Covey'sbook, eighth Habit.
I remember reading that book.
I was going through some turmoilin my schedule and this thing,
and everybody was stretching me.
I had 37 consultants.
I had to fly all over USA to trainthem and all that, and I said, you
know what, God, give me some strengths.
You know how to do it.
(09:37):
That's when he talks about hisdaughter has baby coming up.
So she was really wonderingabout appointment setting
calendar or the compass.
So Stephen Comey talks about in thebook through North, so we should lead
(09:57):
our life to True North all the time.
And let go of the calendar,let go of the appointments.
That is what's important.
And then you enjoy, it takes three months,six months, whatever it takes, but we
need to guide ourselves always to thepassion so that it doesn't wear out.
(10:19):
Every role we play is very important.
Role.
True North is something you said to me.
I want to say maybe it was the firsttime we did this principle two years
ago, or it was maybe earlier in.
The principles, but I know you, you,for about two years ago, you were saying
true north, almost every time you andI got on a phone, it was true north.
And I think that's, it was every, Ithink every time I asked you why you were
(10:40):
going on that next vacation and why areyou spending more time with your family?
And that's where it kept coming up.
So this is a principlethat the mentorship.
Of a person, and I, I'll share thisfor everybody who's on the call.
Mentorship and coaching are different.
Masterminds are different.
I tell everybody that a coach will getyou to what you want to accomplish.
A mentor will get you to what they have.
Mm-hmm.
And a mastermind is the peopleyou work with to go and reach
(11:03):
those targets and those goals.
Mentorship, finding the mentors really isimportant to have your true north because
when you know you're true north, youjust look for people who already have it.
Right.
That's the, the strategy whereTrue North comes into place.
It's.
The mentor has to already haveexactly what true north is.
Yes, in order for them to be, uh, theright mentor having achieved and know
the path and the real path and whatkind of problems they went through.
(11:27):
See, a lot of time coaches may beable to teach you and skill set
and everything right, short term sothat you can be better and better.
We always say the players get betterthan the coaches and it's a good thing.
And the mentors are the ones who havereached that pinnacle and they want to
bring people under so that they couldreach them same height or even pass them.
(11:52):
But the key thing I find inmentorship is the better relationship.
It's not a discipline relationship at all.
It's a give and take clarity.
It's the confidence.
It's really personallyand professionally making.
Life better and happier.
(12:12):
That's what the, I like this.
This is the clarity that I thinkso many people, when they read
this principle, they see get,get around the right mentors.
They confuse it for a coach.
Yeah.
Or they confuse it for a trainer.
You actually just talkedabout another confusing piece.
The people who have courses, right?
The people who have just a course, that'sa training, and then there's the other
one as the masterminds and they're all inthis space, but a mentor, very, they're
(12:33):
not, it's not an abusive relationship.
Whereas a coach kind of shouldbe a coach is relationship.
Yes, yes, yes.
That's a different situation, right?
So the mentors really got whatyou want already and you're
going to them mentorships.
Like you go to them andyou ask them questions.
Whereas with a coach, they're askingyou questions, Hey, what did you do?
(12:54):
How did you do it?
Why didn't you get it done?
What can you do better?
Mm-hmm.
Like it's coaching isa very different space.
Yes.
Mentorship is, is a very different space.
And then training is anotherspace where it gets confused.
'cause you've got people whohave training programs and they
call 'em mentorship programs.
You have people who havetraining programs, they call
them coaching programs, theycall 'em mastermind programs.
And what we're talking about inPrinciple 30 is really a true mentorship.
(13:16):
This is a person who haswhat you want already.
And is willing to give you the informationto get there, answer your questions,
give you the information to get there.
So awesome.
So thank you for dialing that in.
That's so important to express.
The biggest thing I find in mentorshipis since the person, the mentors
have reached their pinnacle, right?
(13:37):
They have gone through ups and downs.
They have seen the negatives and thepositives, and that's what they can share.
Experiences and empathize, sympathizeeverything, but lead the people,
the mentee, to a better path.
Every week, every month, every like that,so that they're growing professionally
(13:58):
and personally and feeling goodabout what person they're becoming.
Yes.
Vinnie.
Now the secret sauce, now that we know.
If we find our true north, then we justlook for mentors who have what we want.
Now that we know how to find it.
And if we are not moving forward,it's probably 'cause we haven't
looked in ourselves and said,Hey, what's true north again?
(14:21):
'cause true North shouldalways keep you moving, right?
If we're not moving,we're place complacent.
We need a mentor.
If we don't know where we wantto go, we can't get a mentor.
It doesn't make any sense.
You need to find true North.
So first, always be moving.
Find true north.
Find the mentor.
I. That's this next step.
How do you find, or howdo you approach a mentor?
(14:43):
And I know this, you gave me allsorts of notes and we're actually,
you're going through all of theseas we're, so I, I don't have to
go through all the, the list here.
'cause you literally are bringingthis through every one of them.
How do you find that next, this is your10th one, is attracting the right mentor,
how you attract, attract versus attack?
Right.
It seems like a lot of peopleare like, I know exactly.
Will you mentor me?
Will you mentor me?
And how do you get people to.
(15:03):
Mentors to come to you or be attractedto the opportunity to work with you?
That's a very good point.
I would say that once you have clarityor purpose, what kind of person, what
kind of person and professionallyand personally you wanna become, then
you seek out, because I always havebelieved what we want to achieve, what
I want to achieve them, and bigger,somebody's done it, somebody's better.
(15:27):
Somebody's the bath, the blueprint,they can give it on a silver planet.
It'll cost some money.
So we should be willing to payfor the time that the mentor or a
coach gives, because the biggestproblem we find is many times the.
Media and the social mediaand everything, and all these
(15:49):
different, uh, links in Google.
They just take you from whatever youwanna learn from here to there, to there,
and nobody gives you the real deal.
You know, they just tell you dothis, but you got to have a good,
solid track so that you could haveexponential growth, linear growth.
(16:10):
Exponential growth and exponential growthonly comes with coaches or mentors.
If you're an individual and youfeel like, you know what, I don't
wanna invest $5,000, guess what?
You're losing $5 million.
Because it's gonna taketime and effort and you make
blunders and things like that.
(16:32):
That's what I say.
Now that we're, oh, sorry.
Yeah, yeah.
Now that we're talking about the cost ofmentorship, let's put it in a scale of
the other three things we compared it to.
Right.
So you got training, which isvery cheap, very affordable.
It's three day event, it's online courses.
You got training very cheap.
Yeah.
Then you have coachingat the very high end.
Coaching is.
For your coaching, I think you onlytake on two or three people a year.
(16:52):
It's a hundred thousand dollars a year.
A hundred thousand a year?
Yes.
Very intensive on your part.
So you charge quite a bit.
Yes.
But it's very cheapcompared to Tony Robbins.
Right.
So you're very affordable, Vinny.
And so that's, yourcoaching is a hundred grand.
I know your online course is abouta thousand dollars depending on the
course that is, is being offered.
You have different ranks and then you haveyour mastermind, which is more expensive.
(17:13):
It's less expensive than coaching.
And then you have your mentorship program.
And what is your mentorship program?
Now mentorship program 25,025.
So I just, so the mastermind is at10, and then the, the mentorship
program is at 25, and then thecoaching is at a hundred thousand.
So one-on-one.
One-on-one coaching and mentoring togetherwhere I handhold my mentees and take
(17:36):
them to the place they have never been.
That's why, and I know for anybodywho's listening as, wow, we're talking
about some really expensive programsthat are totally unaffordable.
Yeah, ease up on that.
Think about the structure here.
Courses are cheap.
Mm-hmm.
Mentorship is very powerful.
It's the next step above education.
Now there's tactical strategy andthen you have, yes, uh, I'm sorry.
(17:58):
You have Masterminds, whichis networks mastermind.
Then you have the, the mentorship,which is strategy, and then you have
finally the coaching, which is thataccountability that really like for
practically forces you to get into it.
So that tier.
Is that everywhere?
Do you find that to be everywhere?
Like first you get to have a littlebit of knowledge, then people, and then
strategy, and then finally accountability.
(18:20):
I would really like to say thereis a correlation I found when I
was giving my course for free.
People didn't reallythink what was inside.
When you get something for free,you don't have that commitment.
You don't have that drive.
You feel like it's fluff.
It's this, that, right.
(18:40):
Especially now with socialmedia, it's all free.
Right?
Everybody's teaching for free.
There's no, oh my gosh.
Yeah.
No.
You can put the beststuff together and nobody.
Exactly when people when10,000 weekly coaching.
I've been doing it for seven years.
Every Wednesday, I love it.
It's the best one and a half, two hours.
I used to do two hours.
We cut it down to one and a half hour.
It's exciting.
(19:01):
It's so much fun andeverybody's coming there.
Those who paid 10,000, they have stake.
They have skin in the game and theyshow up and they want to do better
things and analysis and all that.
Now.
Guess what?
Once they make appointments,they are there.
They are totally because they,they never miss do they, Vinny?
(19:24):
Flexibility is there.
If there is, I'm on vacation or somethingand there we could plan out the times.
No problem.
That's the beauty of it.
I find if I had not given 130,000,I think borrowed money by the
way, for me to be getting trained.
And my team, I've recorded it many times.
(19:44):
I took five people with mypartner to coach coaching, right?
Mentorship and.
Three of them fizzled out two, two firstweek they said, oh my gosh, it's too bad.
I, I don't have time.
All that.
So there goes my $40,000down the drain, right?
But it was $30,000 then.
(20:06):
But that is, that 30,000 taught meso much that I'm reaping the benefits
and now you have billions of dollarsworth of properties under management.
You have partners that who have.
Very large amounts as well.
So, Vinny, we got two minutes left.
For the person who is either seekinga mentor or they've got great mentors,
(20:29):
what advice would you give to aperson to maximize and leverage, get
the most out of that relationship,the most out of the mentorship,
uh, relationship that they have.
And John, I see you jump in.
Just gimme two minutes.
Hop, hop.
You stay right there.
I was gonna hide the camera for a moment.
Hey, Benny.
Hey.
Good to see you brother.
Good to see you.
(20:50):
So, no, you are right.
The biggest thing is ithas to come internally.
If your businesses stand still, if yourlife is stands still, if you think that
relationships are not where you want tobe, you're stretched every angle, right?
It's a time to really sit down and say.
Am I just not motivated?
(21:12):
Why so why is what we needto figure it out ourselves.
And in discovering the whyand the discomfort, he will
say, you know what, what?
I want to be this person over here.
I'm this person here, but I wannabe this person here and take time.
The best time ever we canalways spend is time with us.
(21:37):
In library, in the park, taking aplain sheet of paper and a pen, and
that's when the real need comes then.
And you say, you know what?
I wanna be this person over here.
It needs to be this characteristics.
Then find the mentor, thengo out and research and talk.
Don't take first mentor.
Oh, I like this.
(21:58):
No, no, no.
Go ahead and look through it.
And then you decide.
That is get committ exactlywhat I want to hear.
Get committed, go all in.
Yeah.
Go all in, brother.
Nothing happens in lifeif we don't go all in.
Every relationship that wedo, we have to go all in with.
With As a husband, as a brother, asa uncle or cousin, all that, right?
(22:22):
Citizen.
CEO, everything.
Yeah.
So for everybody who's listening, weare going to have Vinnie Chopper at
this year's business and real estate.
Summit in Orlando,October 18th to the 20th.
Here's a fun incentive.
Every single person who entersone of our live in-person events
(22:43):
this month is gonna get enteredinto a drawing to win a ticket.
Now, each one of our event leadershas been approved to give away one
ticket to an attendee each month.
So a person who wins is obviously theperson who checks in at the front.
And we can't wait to seeyou there at the summit.
This is a free ticket to the bestevent of the year, and every Thursday
(23:07):
at 9:00 AM pst, 12:00 PM EST.
You get to hang out with me and Vinnytalking about the wealth principles.
One more time.
Vinny, what is, just takeus outta here brother.
Give us a a little pieceof love on our way out.
I would say take action.
I always say that you'vegot to take action.
A lot of ideas come in our mind,but they die when we go to bed.
(23:29):
We have a new idea next day, but ifthere is a good thing, if you want
to get a mentor, decide on that.
You've been thinking about it on thesideline you can't afford or whatever.
But you know what?
You cannot afford not to have itbecause what they will bring to
you a hundred times or thousandtimes, it's gonna be mind boggling.
(23:52):
That is the truth.
Pierce to your success is abundance.
Thursday is every Thursday, 9:00 AM atPST, 12:00 PM EST. Cheers to your success.
We have a choice.
Always work with the best.
Go to alchemist nation.com.
Follow the three steps, and getyou a Millionaire Path report.
And, uh, we'll see you next week.
We'll see you next week.
Thank you, brother.
Thank you.
Yeah.
Hey there.
(24:12):
The upcoming episode isscheduled for Thursday.
We appreciate your viewershipof the Abundance Mindset Show.
Tune in every Thursday at 9:00 AM PacificStandard Time, or 12:00 PM Eastern on
various social media platforms hostedby Vinny Chopra and Gal Amarillo.
Don't forget to subscribe, share yourcomments, and leave a five star review.
(24:35):
Thank you for your support.
If your businesses standstill, if yourlife is standstill, if you think that
relationships are not where you want tobe, you're stretched every angle, right?
It's a time to really sit downand say, am I just not motivated?
I. Why so why is what we need tofigure it out ourselves and in
(00:23):
discovering the why and the discomfort,we will say, you know what, what?
I want to be this person over here.
I'm this person here, but I want tobe this person here and take time.
Hey friends, this is Winnie Chopra.
Thank you for liking the episodes thatwe bring the guests in our podcast.
(00:43):
Please do go to winnie chopra.com and freeslash free benefits so that you could get
a lot of good things, goodies, all that.
And also, please follow.
Walter and I do a show Abundance Mindseton Thursday Morning Live, which is
on 9:00 AM Pacific, and also Nie andBo Show, which we also go live, uh,
(01:05):
on set on Friday at 9:00 AM Pacific.
See you on the other episode.
Take care.
Enjoy this show.
Welcome back, Alchemist.
This is Abundance Thursdayswith myself, Walter Morello and
the great Vinny Smile Chopra.
Vinny, welcome back brother.
How is everything going in California?
Everything is great, brother.
Outside.
(01:26):
It's 58 degrees.
Not bad.
Not bad.
But I just came upstairs in theyoga room and I said, let's do the
elliptical That way gives me somegood exercise as well as, yeah.
So you're in the yoga room this morningI was in the yoga studio and I was
thinking, uh, as we were doing yoga,I was thinking, man, like I am so
(01:46):
blessed to have amazing mentors, right?
I've been here, I've gotten herebecause of the people who were, I'm
standing on their shoulders, right?
Like you're one of them.
And I had guys really early in my career.
I have my dad beginning of mylife, and it seems like a theme.
So Wolf Principle 30.
I talk about people this all the time.
People are like, Hey man,how'd you get so successful?
Dude, I just asked Really smartpeople, really rich people, really
healthy people, really happy people.
(02:07):
How they got to where they got.
But you actually just sent me some notes.
I've got almost eight,it looks like eight, 10.
So 10 different steps or suggestions inreasons why, uh, mentors are so important.
Vinnie, welcome.
Back and let's dive into this.
Thank you.
Thank you, brother.
Who was your first mentor,if you can remember them?
Oh my gosh.
You know, if I remember correctly, my veryfirst mentor was my junior high teacher.
(02:33):
He took a lot of interest in me,brother, and he wanted me to succeed.
That's the biggest thing I canremember, and he was so nice.
He will teach me, even askafter the class, uh, you know,
any kind of questions I had.
And then he wanted me to be number one.
I still remember like in chemistry andphysics, the outside people had come.
(02:59):
Can you play with Think sometime?
You remember them back, right?
And I scored number one andhe was so elated and he says.
Oh my gosh.
I knew that you haveit in you, blah, blah.
Right.
Very nice.
So that's my Early on, I think mydad was also a very big mentor of
mine because he was a disciplin.
(03:19):
If he really didn't hold thoseschools every night after dinner,
I wouldn't be where I am today.
Then I say Grandpa.
My grandpa was a big mentor of minewho really believed in my success and
wanted to give me everything possible.
Actually, he paid for my year ticketbecause my parents didn't want me to
come here, and then my uncle here whogave me sponsorship, and that made
(03:44):
me just come alive into this country.
After that, I've had lots of mentors.
Met some of them.
Zig Ziglar, Wayne Dyer, Tony Robbins ofcourse, and Robert Kiyosaki on this site.
But Jim Rohn, I didn't get achance to meet, but he's been a
big mentor of mine unknowingly.
(04:06):
But I've read his booksand listened to his.
Tapes and all those things.
And of course lots of books.
So there are a lot of mentorsthat way who have shaped my life.
So I, I noticed you mentionedyour dad was a disciplinarian.
So before we, we go into the techniqueof how to find a good mentor, the,
let's discuss a little bit aboutthe pain of not having mentors.
(04:26):
Before we go into how tofind them, why you need them.
Uh, let's talk a little bit about, uh,the person who currently right now.
Doesn't have a mentor in thespace they want to go to.
And you and I have agreed we'regonna talk more towards that
person who's super high net worth.
Yes.
That person who is, they'vesucceeded in many things.
Mm-hmm.
And they've succeededin building business.
They've succeeded in investments,they've succeeded in in real estate
(04:48):
maybe, but they're now looking toget more into the passive space.
Maybe this is a high driver, highsuccess person, and they're now
looking to let go and get more into.
Spending time with their family,making up for some of the years
that they grinded, uh, for so long.
Uh, how does a person who is reallygood at everything that they've ever
touched, how do they decide it is time tofind a mentor in like passive investing
(05:13):
and, and like you just went on vacationthree times, I think three months total.
How, how do they realize to get to thespace that you're at, where you're really
passively investing money instead of soactively investing in, in doing all the
work and building all the businesses.
That's a very good question.
Very good question.
Again, one needs to reallyintrospectively, sit down and
(05:33):
look at you have achieved so much.
What's the money doing for you?
Where is it standing or is it.
Running or moving, I call itvelocity of money is the key thing.
See, inflation cuts it down, right?
Our buying power.
But the biggest thing for anybody who hasachieved very big status, and they are in
(05:55):
millionaires, multimillionaire, to findways and find mentors who they can really.
I think again, they can go in theircircle to find out who are good ones.
There are a lot of coaches,a lot of mentors out there.
They're out for themselves, butyou need to find somebody who's.
(06:16):
Sincere, honest doesn'tcharge you too much.
I mean, there is some fee, rightin any kind of mentorship or in
coaching, but find somebody whoreally sticks with your code.
You know what your value system is,and you are able to get motivated
not to really meet with that mentorweekly or biweekly like that.
(06:39):
Then fee.
You know what, I don'twant to meet that person.
He gave me certain things.
Yeah.
I just, I just wanna, beforewe get into it, because you're
giving away all the sauce before.
Uh, how does a personidentify it's time for them?
So let me explain it the question mm-hmm.
Because I know it's,it's a question I have.
Right?
So how does, because I'm, I'm high ego.
I'm very good at what everything I touchand, but I've been blessed with mentors.
(07:02):
But before I go and I look for one,there's usually a time of pain.
There's usually a time of.
Yes.
Maybe I wanna stay right where I'm at.
Maybe I don't want to takeon the next challenge.
Maybe I don't wanna take on any risk.
What do you say to somebody who's in thatstate of comfort where maybe the money
being in the bank is a lot, it feelsbetter than the money growing right now.
(07:22):
Like maybe they're not reallyconcerned about inflation, maybe
they're not really concerned about,you know, the growth of their money.
Maybe they're just.
Sitting there saying, you know what?
I made all the money.
And they're in this scrooge McDuckkind of space where they're just like,
happy ca swimming through the coins.
Like, how do you, how do you havethat conversation with that person
or, or what, have you ever been tothat space where you, you knew, oh
(07:44):
yeah, you should look for a mentor,but you're not ready to look yet?
Oh totally, brother.
I have been in many times indifferent parts of my life.
The biggest thing is even today, I'mnot motivated with lot of things,
but I'm motivated with few things.
That's very important.
That's very important because.
As we grow younger, everyyear our goals change.
(08:08):
Our value system changes.
Now you're having baby come in, right?
So all those things, andBo just had a baby, right?
My other partner, the keything is there is time for.
Plugging on with the relationships,family basking in that time
and really enjoying that.
And then there is a time, which couldbe after three months, six months
(08:31):
or whatever, to introspectivelysit down and say, you know what?
I have taken rest.
Now let me go ahead and getfocused on what's important.
See, the biggest thing is wegot be doing what we love.
Not do what we hate.
See, that's the biggestproblem because if we have a.
(08:53):
A lot of people say, I wannado, and I used to say that too.
I wanna do this.
I'm capable of, right?
But if you do one more thing withclarity and focus that you really
want to lead your life for the nextfive years or 10 years, I. Then
there's no nothing to worry about.
So it's thatsingle-mindedness and clarity.
(09:16):
But also Stephen Covey'sbook, eighth Habit.
I remember reading that book.
I was going through some turmoilin my schedule and this thing,
and everybody was stretching me.
I had 37 consultants.
I had to fly all over USA to trainthem and all that, and I said, you
know what, God, give me some strengths.
You know how to do it.
(09:37):
That's when he talks about hisdaughter has baby coming up.
So she was really wonderingabout appointment setting
calendar or the compass.
So Stephen Comey talks about in thebook through North, so we should lead
(09:57):
our life to True North all the time.
And let go of the calendar,let go of the appointments.
That is what's important.
And then you enjoy, it takes three months,six months, whatever it takes, but we
need to guide ourselves always to thepassion so that it doesn't wear out.
(10:19):
Every role we play is very important.
Role.
True North is something you said to me.
I want to say maybe it was the firsttime we did this principle two years
ago, or it was maybe earlier in.
The principles, but I know you, you,for about two years ago, you were saying
true north, almost every time you andI got on a phone, it was true north.
And I think that's, it was every, Ithink every time I asked you why you were
(10:40):
going on that next vacation and why areyou spending more time with your family?
And that's where it kept coming up.
So this is a principlethat the mentorship.
Of a person, and I, I'll share thisfor everybody who's on the call.
Mentorship and coaching are different.
Masterminds are different.
I tell everybody that a coach will getyou to what you want to accomplish.
A mentor will get you to what they have.
Mm-hmm.
And a mastermind is the peopleyou work with to go and reach
(11:03):
those targets and those goals.
Mentorship, finding the mentors really isimportant to have your true north because
when you know you're true north, youjust look for people who already have it.
Right.
That's the, the strategy whereTrue North comes into place.
It's.
The mentor has to already haveexactly what true north is.
Yes, in order for them to be, uh, theright mentor having achieved and know
the path and the real path and whatkind of problems they went through.
(11:27):
See, a lot of time coaches may beable to teach you and skill set
and everything right, short term sothat you can be better and better.
We always say the players get betterthan the coaches and it's a good thing.
And the mentors are the ones who havereached that pinnacle and they want to
bring people under so that they couldreach them same height or even pass them.
(11:52):
But the key thing I find inmentorship is the better relationship.
It's not a discipline relationship at all.
It's a give and take clarity.
It's the confidence.
It's really personallyand professionally making.
Life better and happier.
(12:12):
That's what the, I like this.
This is the clarity that I thinkso many people, when they read
this principle, they see get,get around the right mentors.
They confuse it for a coach.
Yeah.
Or they confuse it for a trainer.
You actually just talkedabout another confusing piece.
The people who have courses, right?
The people who have just a course, that'sa training, and then there's the other
one as the masterminds and they're all inthis space, but a mentor, very, they're
(12:33):
not, it's not an abusive relationship.
Whereas a coach kind of shouldbe a coach is relationship.
Yes, yes, yes.
That's a different situation, right?
So the mentors really got whatyou want already and you're
going to them mentorships.
Like you go to them andyou ask them questions.
Whereas with a coach, they're askingyou questions, Hey, what did you do?
(12:54):
How did you do it?
Why didn't you get it done?
What can you do better?
Mm-hmm.
Like it's coaching isa very different space.
Yes.
Mentorship is, is a very different space.
And then training is anotherspace where it gets confused.
'cause you've got people whohave training programs and they
call 'em mentorship programs.
You have people who havetraining programs, they call
them coaching programs, theycall 'em mastermind programs.
And what we're talking about inPrinciple 30 is really a true mentorship.
(13:16):
This is a person who haswhat you want already.
And is willing to give you the informationto get there, answer your questions,
give you the information to get there.
So awesome.
So thank you for dialing that in.
That's so important to express.
The biggest thing I find in mentorshipis since the person, the mentors
have reached their pinnacle, right?
(13:37):
They have gone through ups and downs.
They have seen the negatives and thepositives, and that's what they can share.
Experiences and empathize, sympathizeeverything, but lead the people,
the mentee, to a better path.
Every week, every month, every like that,so that they're growing professionally
(13:58):
and personally and feeling goodabout what person they're becoming.
Yes.
Vinnie.
Now the secret sauce, now that we know.
If we find our true north, then we justlook for mentors who have what we want.
Now that we know how to find it.
And if we are not moving forward,it's probably 'cause we haven't
looked in ourselves and said,Hey, what's true north again?
(14:21):
'cause true North shouldalways keep you moving, right?
If we're not moving,we're place complacent.
We need a mentor.
If we don't know where we wantto go, we can't get a mentor.
It doesn't make any sense.
You need to find true North.
So first, always be moving.
Find true north.
Find the mentor.
I. That's this next step.
How do you find, or howdo you approach a mentor?
(14:43):
And I know this, you gave me allsorts of notes and we're actually,
you're going through all of theseas we're, so I, I don't have to
go through all the, the list here.
'cause you literally are bringingthis through every one of them.
How do you find that next, this is your10th one, is attracting the right mentor,
how you attract, attract versus attack?
Right.
It seems like a lot of peopleare like, I know exactly.
Will you mentor me?
Will you mentor me?
And how do you get people to.
(15:03):
Mentors to come to you or be attractedto the opportunity to work with you?
That's a very good point.
I would say that once you have clarityor purpose, what kind of person, what
kind of person and professionallyand personally you wanna become, then
you seek out, because I always havebelieved what we want to achieve, what
I want to achieve them, and bigger,somebody's done it, somebody's better.
(15:27):
Somebody's the bath, the blueprint,they can give it on a silver planet.
It'll cost some money.
So we should be willing to payfor the time that the mentor or a
coach gives, because the biggestproblem we find is many times the.
Media and the social mediaand everything, and all these
(15:49):
different, uh, links in Google.
They just take you from whatever youwanna learn from here to there, to there,
and nobody gives you the real deal.
You know, they just tell you dothis, but you got to have a good,
solid track so that you could haveexponential growth, linear growth.
(16:10):
Exponential growth and exponential growthonly comes with coaches or mentors.
If you're an individual and youfeel like, you know what, I don't
wanna invest $5,000, guess what?
You're losing $5 million.
Because it's gonna taketime and effort and you make
blunders and things like that.
(16:32):
That's what I say.
Now that we're, oh, sorry.
Yeah, yeah.
Now that we're talking about the cost ofmentorship, let's put it in a scale of
the other three things we compared it to.
Right.
So you got training, which isvery cheap, very affordable.
It's three day event, it's online courses.
You got training very cheap.
Yeah.
Then you have coachingat the very high end.
Coaching is.
For your coaching, I think you onlytake on two or three people a year.
(16:52):
It's a hundred thousand dollars a year.
A hundred thousand a year?
Yes.
Very intensive on your part.
So you charge quite a bit.
Yes.
But it's very cheapcompared to Tony Robbins.
Right.
So you're very affordable, Vinny.
And so that's, yourcoaching is a hundred grand.
I know your online course is abouta thousand dollars depending on the
course that is, is being offered.
You have different ranks and then you haveyour mastermind, which is more expensive.
(17:13):
It's less expensive than coaching.
And then you have your mentorship program.
And what is your mentorship program?
Now mentorship program 25,025.
So I just, so the mastermind is at10, and then the, the mentorship
program is at 25, and then thecoaching is at a hundred thousand.
So one-on-one.
One-on-one coaching and mentoring togetherwhere I handhold my mentees and take
(17:36):
them to the place they have never been.
That's why, and I know for anybodywho's listening as, wow, we're talking
about some really expensive programsthat are totally unaffordable.
Yeah, ease up on that.
Think about the structure here.
Courses are cheap.
Mm-hmm.
Mentorship is very powerful.
It's the next step above education.
Now there's tactical strategy andthen you have, yes, uh, I'm sorry.
(17:58):
You have Masterminds, whichis networks mastermind.
Then you have the, the mentorship,which is strategy, and then you have
finally the coaching, which is thataccountability that really like for
practically forces you to get into it.
So that tier.
Is that everywhere?
Do you find that to be everywhere?
Like first you get to have a littlebit of knowledge, then people, and then
strategy, and then finally accountability.
(18:20):
I would really like to say thereis a correlation I found when I
was giving my course for free.
People didn't reallythink what was inside.
When you get something for free,you don't have that commitment.
You don't have that drive.
You feel like it's fluff.
It's this, that, right.
(18:40):
Especially now with socialmedia, it's all free.
Right?
Everybody's teaching for free.
There's no, oh my gosh.
Yeah.
No.
You can put the beststuff together and nobody.
Exactly when people when10,000 weekly coaching.
I've been doing it for seven years.
Every Wednesday, I love it.
It's the best one and a half, two hours.
I used to do two hours.
We cut it down to one and a half hour.
It's exciting.
(19:01):
It's so much fun andeverybody's coming there.
Those who paid 10,000, they have stake.
They have skin in the game and theyshow up and they want to do better
things and analysis and all that.
Now.
Guess what?
Once they make appointments,they are there.
They are totally because they,they never miss do they, Vinny?
(19:24):
Flexibility is there.
If there is, I'm on vacation or somethingand there we could plan out the times.
No problem.
That's the beauty of it.
I find if I had not given 130,000,I think borrowed money by the
way, for me to be getting trained.
And my team, I've recorded it many times.
(19:44):
I took five people with mypartner to coach coaching, right?
Mentorship and.
Three of them fizzled out two, two firstweek they said, oh my gosh, it's too bad.
I, I don't have time.
All that.
So there goes my $40,000down the drain, right?
But it was $30,000 then.
(20:06):
But that is, that 30,000 taught meso much that I'm reaping the benefits
and now you have billions of dollarsworth of properties under management.
You have partners that who have.
Very large amounts as well.
So, Vinny, we got two minutes left.
For the person who is either seekinga mentor or they've got great mentors,
(20:29):
what advice would you give to aperson to maximize and leverage, get
the most out of that relationship,the most out of the mentorship,
uh, relationship that they have.
And John, I see you jump in.
Just gimme two minutes.
Hop, hop.
You stay right there.
I was gonna hide the camera for a moment.
Hey, Benny.
Hey.
Good to see you brother.
Good to see you.
(20:50):
So, no, you are right.
The biggest thing is ithas to come internally.
If your businesses stand still, if yourlife is stands still, if you think that
relationships are not where you want tobe, you're stretched every angle, right?
It's a time to really sit down and say.
Am I just not motivated?
(21:12):
Why so why is what we needto figure it out ourselves.
And in discovering the whyand the discomfort, he will
say, you know what, what?
I want to be this person over here.
I'm this person here, but I wannabe this person here and take time.
The best time ever we canalways spend is time with us.
(21:37):
In library, in the park, taking aplain sheet of paper and a pen, and
that's when the real need comes then.
And you say, you know what?
I wanna be this person over here.
It needs to be this characteristics.
Then find the mentor, thengo out and research and talk.
Don't take first mentor.
Oh, I like this.
(21:58):
No, no, no.
Go ahead and look through it.
And then you decide.
That is get committ exactlywhat I want to hear.
Get committed, go all in.
Yeah.
Go all in, brother.
Nothing happens in lifeif we don't go all in.
Every relationship that wedo, we have to go all in with.
With As a husband, as a brother, asa uncle or cousin, all that, right?
(22:22):
Citizen.
CEO, everything.
Yeah.
So for everybody who's listening, weare going to have Vinnie Chopper at
this year's business and real estate.
Summit in Orlando,October 18th to the 20th.
Here's a fun incentive.
Every single person who entersone of our live in-person events
(22:43):
this month is gonna get enteredinto a drawing to win a ticket.
Now, each one of our event leadershas been approved to give away one
ticket to an attendee each month.
So a person who wins is obviously theperson who checks in at the front.
And we can't wait to seeyou there at the summit.
This is a free ticket to the bestevent of the year, and every Thursday
(23:07):
at 9:00 AM pst, 12:00 PM EST.
You get to hang out with me and Vinnytalking about the wealth principles.
One more time.
Vinny, what is, just takeus outta here brother.
Give us a a little pieceof love on our way out.
I would say take action.
I always say that you'vegot to take action.
A lot of ideas come in our mind,but they die when we go to bed.
(23:29):
We have a new idea next day, but ifthere is a good thing, if you want
to get a mentor, decide on that.
You've been thinking about it on thesideline you can't afford or whatever.
But you know what?
You cannot afford not to have itbecause what they will bring to
you a hundred times or thousandtimes, it's gonna be mind boggling.
(23:52):
That is the truth.
Pierce to your success is abundance.
Thursday is every Thursday, 9:00 AM atPST, 12:00 PM EST. Cheers to your success.
We have a choice.
Always work with the best.
Go to alchemist nation.com.
Follow the three steps, and getyou a Millionaire Path report.
And, uh, we'll see you next week.
We'll see you next week.
Thank you, brother.
Thank you.
Yeah.
Hey there.
(24:12):
The upcoming episode isscheduled for Thursday.
We appreciate your viewershipof the Abundance Mindset Show.
Tune in every Thursday at 9:00 AM PacificStandard Time, or 12:00 PM Eastern on
various social media platforms hostedby Vinny Chopra and Gal Amarillo.
Don't forget to subscribe, share yourcomments, and leave a five star review.
(24:35):
Thank you for your support.
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