You Need a Mentor

Summary

The Mindset Mentor Podcast: "You Need a Mentor" Summary

Introduction In the January 8, 2025 episode of The Mindset Mentor, host Rob Dial delves into the critical role mentors play in personal and professional development. With over a decade of experience and a vast following, Rob emphasizes how mentors can dramatically accelerate one's journey toward success by providing guidance, accountability, and invaluable knowledge.

The Importance of Mentors Rob begins by presenting a compelling statistic: "the average person who has at least a million dollars net worth has had on average 6, 7 mentors before they cross that million dollars in net worth" (00:22). This underscores the significance of mentorship in achieving substantial financial and personal milestones. He reinforces the age-old adage, "No man is an island," highlighting that success is rarely a solo endeavor and is often facilitated by those who have walked the path before.

Benefits of Having a Mentor Rob outlines the primary advantage of having a mentor: collapsing time. He explains that mentors shorten the learning curve, allowing individuals to reach their goals more efficiently. Using relatable analogies, Rob compares searching for peanut butter in a grocery store without assistance to navigating life's challenges without guidance. He states, “A mentor collapses time. They shorten your learning curve more than anything else so that you can get to where you want to go faster” (05:09).

Additionally, Rob likens the mentor-mentee relationship to downloading essential skills directly into one’s brain, much like how Neo acquires kung fu skills in The Matrix (04:44). This vivid analogy emphasizes the transformative potential of mentorship.

Free vs. Paid Mentors Rob explores the two main types of mentors: free mentors and paid mentors.

• Free Mentors: These are often individuals within one’s existing network who can provide guidance without financial investment. Rob shares his experience with free mentors, highlighting their influence on his daily mindset and operational habits. However, he notes the downside: free mentors might lack the structured commitment that paid mentors offer, often leading to less frequent interactions and accountability (12:11).

• Paid Mentors: Investing financially in mentorship ensures a higher level of commitment and accountability. Rob recounts his first mentor, whom he hired at 19 years old for $500 a month. This investment not only provided him with expertise in sales but also transformed his mindset and personal development (06:26). He advocates that the return on investment (ROI) from paid mentors is unparalleled, often surpassing other personal expenditures (19:17).

Personal Anecdotes and Examples Rob shares personal stories to illustrate the profound impact of mentorship:

1. Hiring His First Mentor: At 19, Rob prioritized hiring a mentor over other expenses, believing that the knowledge and guidance would pay off in the long run. This decision proved to be the best ROI he’s ever experienced, as his mentor helped him excel in sales and personal growth (06:22).

2. Mentor as a Goal-Setter: Rob describes his mentor, David, who set ambitious goals like donating a hundred million dollars before passing. David's unwavering commitment to his goals, carried in his ever-present journal, inspired Rob to adopt a more disciplined and goal-oriented approach to his own life (14:31).

How to Find and Utilize Mentors Rob provides actionable steps for listeners seeking mentors:

1. Identify Areas for Improvement: Determine which aspects of your life or career you wish to enhance, such as business, relationships, health, or mindset (18:02).

2. Network Actively: Engage in networking events, pursue coffee meetings, and expand your social circles to meet potential mentors. Rob emphasizes the importance of surrounding oneself with individuals who are a few years ahead in relevant fields (13:35).

3. Budget for Mentorship: Allocate a portion of your finances toward personal growth, whether for free or paid mentors. Rob suggests treating this investment with the same priority as essential expenses like rent or utilities (12:35).

4. Leverage Free Resources: Utilize existing connections and resources to find mentors without financial strain. Rob encourages leveraging free mentors who can provide valuable insights and inspiration (12:46).

5. Opt for Paid Mentors When Possible: For those who can afford it, hiring a paid mentor can offer structured guidance and higher accountability, ensuring a more tailored and intensive mentorship experience (16:07).

Conclusion Rob Dial wraps up the episode by reiterating the transformative power of mentorship. Whether through free or paid avenues, mentors can save time, energy, and resources by helping individuals bypass common pitfalls and adopt proven strategies. He encourages listeners to proactively seek out mentors in various aspects of their lives to achieve their desired success more efficiently. Rob concludes with a motivational call to action: “Make it your mission. Make somebody else's day better. I appreciate you and I hope that you have an amazing day” (19:48).

Key Takeaways

• Mentorship accelerates success by providing guidance and reducing the learning curve.
• Free mentors offer valuable insights but may lack structured commitment.
• Paid mentors ensure higher accountability and can deliver a greater return on investment.
• Active networking and budgeting for personal growth are essential steps in securing effective mentorship.
• Personal anecdotes underscore the profound impact that mentors can have on individual growth and achievement.

Notable Quotes

• “No man is an island, which means that no, no man, no woman has gotten to success by themselves” (00:24).
• “A mentor collapses time. They shorten your learning curve more than anything else so that you can get to where you want to go faster” (05:09).
• “They have been there before, they've done it. They know exactly where it is” (05:44).
• “Hiring a mentor was the best decision, the best ROI that I've ever had on anything in my entire life” (07:35).
• “They save you time, money, energy, frustration” (17:35).

Final Thoughts Rob Dial's episode "You Need a Mentor" serves as a comprehensive guide on the pivotal role mentors play in personal and professional development. Through relatable analogies, personal stories, and practical advice, Rob effectively communicates why seeking mentorship is an investment worth making for anyone aspiring to achieve their fullest potential.

Transcript

[Unknown Speaker 1]

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[Unknown Speaker 2]

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[Rob Dial]

Welcome to today's episode of the Mindset Mentor Podcast. I'm your host, Rob. Dial. If you have not yet done so, hit that subscribe button so you never miss another podcast episode. I put out episodes four times a week for almost 10 years now to help you learn and grow and improve yourself. So if you're ready to make this the best year of your life, hit that subscribe button and let's grow together. Today I'm going to be talking about why you need to find a mentor and the importance of having mentors in your life. I read a statistic probably about eight or nine years ago at this point that says the average person who has at least a million dollars net worth has had on average 6, 7 mentors before they cross that million dollars in net worth. And I think that's really important for people out there to listen to, is because no man is an island, which means that no, no man, no woman has gotten to success, gotten to whatever it is that whatever the top of the mountain is they're trying to climb by themselves. There's always other people that have been supporting them and helping them throughout the entire way. And I'm going to talk about mentors and why I think they're important, because I hired my very first mentor when I was 19 years old. And the reason why I think mentors are important more than anything else, if I were to say, like, the number one reason why is because they collapse time. They shorten your learning curve more than anything else so that you can get to where you want to go faster. So I'll give you a really good example. You know, they always say, like, men don't like taking. They don't like asking for help, or they don't like taking advice, or they don't like asking for directions to go somewhere. I think that's complete BS because, you know, there's a. I love to ask for help because I want to get things done faster. And so I'm more of going for efficiency than I am caring about my ego more than anything else.

[Unknown Speaker 1]

Some people will go, I need to get peanut butter. And then they'll walk into a grocery.

[Rob Dial]

Store, and they'll walk up and down.

[Unknown Speaker 1]

Every single aisle, and they'll look left, and they'll look right, and they'll look left.

[Rob Dial]

And until they can find the peanut butter. That takes a lot of time, and.

[Unknown Speaker 1]

Maybe you missed the peanut butter.

[Rob Dial]

Now you got to go back and look for it again. What I would prefer to do, and I do this every time I walk into a grocery store whenever I'm trying to get something, is I walk directly to the person that's closest to me that works there, and I ask them where the peanut butter is. Why? Because they have been there before. They know where it is it.

[Unknown Speaker 1]

And they will take you directly to.

[Rob Dial]

Where you want to go. They save you time so you don't have to search and you don't have to spend 20 minutes and you don't have to mess up any of those things. They collapse time. I got shit to do, you've got shit to do. We've all got things to do, people to see, a life to create.

[Unknown Speaker 1]

I want to get to my place.

[Rob Dial]

That I want to go to in life as soon as possible. The same example that I just gave.

[Unknown Speaker 1]

You about going and finding peanut butter.

[Rob Dial]

Is what a mentor does for you. They have been there before, they've done it. They know exactly where it is. They know what's right, they know what's wrong.

[Unknown Speaker 1]

They can give you all of the knowledge that they have and download it into your head.

[Rob Dial]

It's kind of like if you remember inside the Matrix when Neo gets plugged into the back and then within like 30 seconds he downloads, you know, kung fu. It's kind of the exact same thing, just takes a little bit longer.

[Unknown Speaker 1]

They have all of the knowledge in.

[Rob Dial]

Their brain to get you to whatever it is, a successful relationship, a great marriage, being a great parent, running a multi million dollar business.

[Unknown Speaker 1]

Whatever it is that you want to.

[Rob Dial]

Learn, they've got it in their brain. Why not just get them to download it into yours? You know another example, like if you're in California and you want to go to Hawaii, you could take a boat.

[Unknown Speaker 1]

To Hawaii if you wanted to.

[Rob Dial]

It it's going to take a long time. It might take, I don't know, a month to get there. If you want to take a boat. Or you could hop on a plane. A plane's going to get you there in a few hours. The difference is the plane, like I'm saying here, is like a mentor.

[Unknown Speaker 1]

They're going to get you to the destination that you want to get to.

[Rob Dial]

As fast and efficiently as possible. A mentor collapses time. A mentor is someone who has done what you want to do. And you can have mentors in all areas of your life. You can have mentors in business, you can have mentors in your relationships. You can have mentors with handling your money, you can have mentors with making money.

[Unknown Speaker 1]

You can have mentors with your mindset.

[Rob Dial]

You can have mentors with your body. For me, I hired my very first coach, my very first mentor when I was 19 years old. I paid $500 a month for this mentor. It's funny, I was on a podcast. It's funny. It's funny reading the comments that people put out in this world. I was on someone else's podcast and I had mentioned that when I was 19 years old, I paid $500 a month. And in the comments we're all like.

[Unknown Speaker 1]

Oh my God, it must be so.

[Rob Dial]

Nice to have rich parents and people like trashing. How does a 19 year old have $500? Like when I first started making money, I started in a sales company when I was 19 years old. The very first money that I made immediately went to Hiring a mentor, because that mentor is my mindset coach and he was my sales coach. I was in a sales position. He had already been the fastest person.

[Unknown Speaker 1]

To ever hit the hall of fame.

[Rob Dial]

In the company that I was in. And I said, he's already hit the hall of fame. I'm brand new at this. I'm like four months in the business. I'm just going to hire this guy and he's going to help me faster. He was the most successful person at the business that I was new in. And so why don't I just pay this guy? If I pay him 500 bucks a month, I'm sure that over time I'm going to make my money back. And for me, that was the, the.

[Unknown Speaker 1]

Best decision, the best ROI that I've.

[Rob Dial]

Ever had on anything in my entire life. I believe that investing into a mentor for whatever is you're trying to improve in is the best ROI you're going to ever have. If you are wanting to, in this year, create, you know, the best body you ever have, well, then I would recommend that you hire some sort of mentor who has the body that you want. They, they, if they look, if you look at their body and you're like, that is the body I want, pay that person to help you get that body. They're going to teach you what workouts to do, what not to do, what food to eat, what not to eat, when to eat, how to eat, all of that stuff. They have the body that you want. Pay them the money to download the knowledge of how you can have that body as well. That's what I recommend for people.

[Unknown Speaker 1]

My first mentor changed my mindset.

[Rob Dial]

He changed my bank account, he changed my relationship with personal development, and he changed my life. And so I try to have a mentor in all areas of my life. Now. I recommend that you guys go out and do the same thing, whatever you can afford. And I'm going to talk about free mentors. I'm going to talk about paid mentors as well. But I personally will pay for someone to save me time so that I can get to wherever it is that I want to go quicker. And the reason why mentors work is because mentors fast track your growth because they've already made all of the mistakes. If you're trying to work out, you're trying to become a run a marathon.

[Unknown Speaker 1]

Well, if you have a marathon coach.

[Rob Dial]

And mentor, they've already made all the mistakes you're trying to avoid. Why not just pay them to help you get better at running a marathon? In your first try. They know what works, they know what doesn't. They have proven strategies so you don't.

[Unknown Speaker 1]

Have to waste years figuring it out.

[Rob Dial]

If you want to run a multimillion dollar business and you can go and hire somebody who's already been good in.

[Unknown Speaker 1]

The industry that you're in and they're.

[Rob Dial]

Doing millions of dollars a year and you pay them or you have some.

[Unknown Speaker 1]

Sort of value exchange, maybe you can.

[Rob Dial]

Barter something because you have some sort of value that you can give them that's worth it for you because they.

[Unknown Speaker 1]

Can download years of knowledge into your brain, maybe a decade of knowledge into.

[Rob Dial]

Your in the next six months. And we will be right back.

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[Rob Dial]

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[Unknown Speaker 1]

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[Rob Dial]

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[Unknown Speaker 1]

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[Rob Dial]

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[Rob Dial]

Now back to the show for me. Like one of my businesses is I teach people how to grow coaching businesses online. Why?

[Unknown Speaker 1]

Because I've already grown a coaching Business.

[Rob Dial]

Online, I've already messed everything up. I found out what works, I found out what doesn't. Someone can spend five years trying to figure it out or they can just collapse time and learn from somebody who's.

[Unknown Speaker 1]

Already built the business that they want.

[Rob Dial]

And has taught over 2000 coaches on how to do it. It's just getting to the peanut butter quicker. That's all that it really is. And so let's talk about different types of mentors. There's free mentors, which I do recommend, but there's also paid mentors, which I do recommend as well.

[Unknown Speaker 1]

And what I would recommend for you.

[Rob Dial]

Guys is whatever it is that you want to improve in this year.

[Unknown Speaker 1]

I would make some sort of, some.

[Rob Dial]

Sort of budget for your personal growth, the same way that you budget money for your insurance and for your rent or your mortgage and your phone bill, all of that. If your growth this year is really important to you, I would recommend saving.

[Unknown Speaker 1]

Up and budgeting some sort of money.

[Rob Dial]

For your personal growth, for whatever growth that you want to get better at this year. So let's talk about it. So there's free mentors. Free mentors are great.

[Unknown Speaker 1]

I've had many free mentors in my.

[Rob Dial]

Lifetime and I have massive benefit from, from knowing them, from being able to text them and ask them questions, from being around them. And I hold myself. I found that when I'm around people that are higher level than I am, they inspire me to be better. I start to see how they operate and I start to change the way that I operate. Well, he would never do that, so why would I do this thing? I'm not going to do that. And, and so I recommend that you go and try to find even if there's one or two people that might be in your life, they might be in a different industry, but you might look at them and be like, I really look up to them in some sort of way. They might be two or three years ahead of you.

[Unknown Speaker 1]

Spend more time with those people. You will naturally start to be better.

[Rob Dial]

When you surround yourself with better people. I remember I have a mentor of mine, his name is David and David is awesome guy. His goal in life was to be worth a hundred million dollars because that's just what his goal was when he wanted to be there and he hit it by 40 years old. And then he's like, that's not inspiring anymore. Like I'm not inspired to make money. And so then his new goal was he wanted to donate a hundred million dollars before he died as another way to start Inspiring him because he had already hit his big goal. So he wants to donate a hundred million dollars before he dies, which is awesome, right? Anytime. And I've said this before on the.

[Unknown Speaker 1]

Podcast, but anytime I've ever gone to.

[Rob Dial]

Go get coffee with him or catch up with him, he always has his journal with him, his notebook. And he will take notes and write down things about our conversation, and he'll ask me questions about certain things that he's trying to improve on, and he'll take notes on it. And in the back page of his journal, he has. And he carries it with everywhere.

[Unknown Speaker 1]

It carries it with him everywhere.

[Rob Dial]

His goals for the year that he's working on.

[Unknown Speaker 1]

And he reviews his goals more hardcore.

[Rob Dial]

Than any other person that I've ever seen. He reviews them every morning, he reviews them every evening. He reviews. He brings them everywhere with him. They're always with this guy. You know, if we go out to dinner and it's like a dinner with, you know, his wife and my wife, obviously he's not going to bring it. His journal and goals with him at that point in time, but anytime throughout the day, he's always got this thing with him. And it really changed my mindset of, like, man, this guy has hit his biggest life goal by 40 years old and had to create another goal that was even bigger so that he could keep being motivated, inspired. And every time I see him, he's always got his goals with him.

[Unknown Speaker 1]

So it made me change my relationship.

[Rob Dial]

With the way I think about my goals and how they need to be.

[Unknown Speaker 1]

Omnipresent, how I need to review them.

[Rob Dial]

And always see them. And so just being around people like that, you know, they might be different in the way that I described than my. My friend David is, but they're going to make you start to think differently. You're going to start to pick up things from being around them that you.

[Unknown Speaker 1]

You might not pick up when you're around your friends that you've been friends.

[Rob Dial]

With since high school.

[Unknown Speaker 1]

Right.

[Rob Dial]

And so free mentors are great.

[Unknown Speaker 1]

Sometimes they can be hard to find.

[Rob Dial]

But I recommend and doing as much networking as you possibly can if you live, you know, outside of a big town, 45 minutes away, go to some networking events, start doing some coffee with some people, start focusing on expanding your network, and you will eventually find them. Okay, so that's free mentors. The thing about free mentors is that that is a little bit of a downside. The upside is that they're free. The downside is there's no, like, real.

[Unknown Speaker 1]

Cadence where you meet with them all the time.

[Rob Dial]

You don't see them every single week.

[Unknown Speaker 1]

They don't hold you accountable as much.

[Rob Dial]

They don't feel as obligated to your success. Paid mentors on the other side can be really great as well. In many ways they are. If you're paying somebody to download the knowledge from them in, to help you be more successful in whatever it is you're trying to be successful at, they're going to hold you more accountable. They're probably going to talk to you weekly, you're going to have some specific cadence. Your success is essentially, they're obligated to help you succeed. And so the downside is you're going to have to pay. The upside of that is that your success is their obligation. If, if they are worth anything, they should feel responsible for your success. And so that's what it comes down to is like, maybe you don't have as much money as you wanted to. And I understand, like my very first mentor, like I told you, I just.

[Unknown Speaker 1]

Whatever I had, I paid him.

[Rob Dial]

I put on a credit card and I just tried to work it off because I wanted the life that he had so much that I was willing.

[Unknown Speaker 1]

To pay him to download his knowledge.

[Rob Dial]

To get there faster.

[Unknown Speaker 1]

And so for you, it all depends.

[Rob Dial]

On what is that you want with.

[Unknown Speaker 1]

Your business, with your relationships, with your.

[Rob Dial]

Body, with your mental health. You know, mentors, they don't just teach. They don't just like, you know, get on a whiteboard and say, here's what you need to do with your life, here's what you need to do with your business.

[Unknown Speaker 1]

They ultimately, in the long run, they.

[Rob Dial]

Save you time in your life so that you can get to whatever success means to you, your destination, faster. They save you energy so that you don't have to just keep trying things out. They save you frustration, they save you.

[Unknown Speaker 1]

Time, money, energy, frustration, all of those things. And so whether it's a free mentor.

[Rob Dial]

Or a paid mentor, they help you skip these unnecessary steps that you have to go through by just throwing crap at the wall and seeing what sticks.

[Unknown Speaker 1]

So that ultimately you can just achieve.

[Rob Dial]

The results that you're looking to get faster. And so the goal is very simple. What you need to do is try to figure out what are the areas of your life where you want to have mentors and do you want to.

[Unknown Speaker 1]

Have free mentors and do you want to have paid mentors?

[Rob Dial]

If you want to have free mentors, you're going to possibly need, there might be someone in your network that you should start reaching out to and start seeing more often. Or you might need to start networking to meet more people who can eventually be mentors of yours in some sort of way. If you're going to work with paid mentors, well, what areas of your life do you want to have these paid mentors in? And what is your budget? Because that's going to help you figure it out.

[Unknown Speaker 1]

And so what I would recommend is.

[Rob Dial]

If you're working with someone who's going to be your mentor, your coach with your body, what's your budget for it so that you can get there faster.

[Unknown Speaker 1]

If you're going to have somebody who.

[Rob Dial]

Is your mentor for your mindset, what's your budget for? If you're going to have somebody that you're a mentor for your business, what is your mindset? What is your budget for it? Ultimately, I've never really heard too many people say that hiring a mentor was a bad decision. Are there bad mentors out there? Sure, I'm sure that there are. But the majority of the time, what I always hear people say is that the best ROI that they ever had.

[Unknown Speaker 1]

Was investing into themselves.

[Rob Dial]

And so I recommend that you figure out what your budget is for this year for your personal growth, for your growth, for your development, for hiring mentors, for reading books and buying them, for going to conferences, buying courses, whatever it is that you need to improve on.

[Unknown Speaker 1]

Figure out your budget.

[Rob Dial]

And some of you guys that are listening to this might just have extra cash where you can do it.

[Unknown Speaker 1]

Some of you listening to this might not. So maybe you need to save up.

[Rob Dial]

Money in order to be able to find those mentors and invest into your.

[Unknown Speaker 1]

Personal growth and your.

[Rob Dial]

Your growth of your life to get to where you want to go faster. So ultimately, I do recommend that whatever it is that you're trying to get better at, find a mentor in some sort of way, they will change your life. They will help you get to where you want to go faster. Ultimately, you're going to get to the peanut butter quicker. So that's I got for you for today's episode. If you love this episode, please share it on Instagram. Stories. Tag me at robdial Junior R O B D I A L J R and once again, if you want to go ahead and dominate your habits this year, it's going to require you to rewire parts of yourself. And I have an entire workshop that's going to teach you how to thrive in 2025, how to get rid of habits, how to create habits. If you want to sign up for it, free go to habits2025.com once again. Habitswithan s2025.com and with that, I'm going to leave you the same way leave you every single episode. Make it your mission. Make somebody else's day better. I appreciate you and I hope that you have an amazing day.