# Is It Worth It to Pay $20K for a Mastermind? \| Ep\. \#571

**URL:** https://www.singlegrain.com/episodes/marketing-school/is-it-worth-it-to-pay-20k-for-a-mastermind-ep-571/  
**Published:** 2018-02-22  
**Author:** Selena Templeton  
**Summary:** In episode \#571, Eric and Neil explain why it may be worth paying to join a Mastermind group\. Tune in to hear if joining a Mastermind is right for you\.\.\.  

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In episode #571, Eric and Neil explain why it may be worth paying to join a Mastermind group. Tune in to hear if joining a Mastermind is right for you and how you can get the most out of the membership.

**TIME-STAMPED SHOW NOTES:**

- \[00:27\] Today’s Topic: _Is It Worth It to Pay $20K for a Mastermind?_
- \[00:35\] There are many Masterminds out there.
- \[01:30\] In the last episode, we talked about investing in yourself and attending these events is also investing in yourself.
- \[01:51\] Neil doesn’t attend these events anymore.
- \[02:03\] He has built up a great circle over the years and doesn’t necessarily need to go to Masterminds anymore.
- \[02:28\] Eric built a custom Mastermind, where they would have dinner and talk about business.
- \[02:39\] If you want to figure out how to set up your own Mastermind, Google “Mastermind Talks” or “Mastermind Dinners”.
- \[02:47\] Eric considers his Entrepreneur’s Organization to be a Mastermind group.
- \[03:05\] Creating this group has been the best decision he’s ever made.
- \[03:37\] Neil never joined EO, even though he’s been pitched on it. However, if he was just starting out, he would join.
- \[04:10\] When picking a Mastermind, you want to be with like-minded people.
- \[04:29\] If you’re a newbie, there is nothing wrong with joining a Mastermind with more experienced people, though experienced people should not join a Mastermind with a ton of Newbies.
- \[04:40\] Look for a Mastermind with people who share your mindset.
- \[05:07\] Make sure everyone has a similar philosophy.
- \[05:22\] EO streamlines the Mastermind process and is a worldwide org.
- \[05:51\] Once you’re in a Mastermind, after a year or two, you’ve already gained most of the knowledge you will need.
- \[06:04\] Neil recommends switching up Mastermind groups so the info doesn’t become static or stale.
- \[06:40\] That’s all for today!
- \[06:43\] Go to [Singlegrain.com/Giveway](https://www.singlegrain.com/giveaway) for a special marketing tool giveaway!

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The post [Is It Worth It to Pay $20K for a Mastermind? | Ep. #571](http://marketingschool.io/is-it-worth-it-to-pay-20k-for-a-mastermind-ep-571/) appeared first on [Marketing School Podcast](http://marketingschool.io/).