How important is having a mentor???

[Richard Phan]

I would imagine having an experienced and successful person mentoring or guiding you when first starting out is a major plus. Just curious to see how many people actually had a mentor and how significant having one vs not having one is. 

[Skylar Simpson]

Originally posted by @Richard Phan:

I would imagine having an experienced and successful person mentoring or guiding you when first starting out is a major plus. Just curious to see how many people actually had a mentor and how significant having one vs not having one is. 

 Everyone is different but I can promise if you have a good mentor (not guru) you'll learn a lot quicker and make less mistakes.

A good mentor is available to you every single day, answers your questions in a timely manner (within the same hour you ask them at minimum) because this could mean you lose a deal or not, is able to teach you how to properly use the technique of investing you are seeking and provide you with the documents necessary AND doesn't cost you an arm and a leg. They also don't have 1000 students because there is NO WAY a good mentor has the time to teach that many people properly.

If you do not have DIRECT ACCESS to your mentor but one of his/her helpers - you don't have a mentor... you have a guru.

I personally have a mentor and I can attribute a big part of my success to their teachings and guidance. I also know I'm doing it right and not just hoping I am. Keeps me out of trouble both legally and financially.

Do they help? Absolutely. Do you NEED one? No - but it sure does help.