Our Hero: Jaime Tardy of Eventual Millionaire
Jaime Tardy wasn’t always ‘Jaime Tardy of Eventual Millionaire’.
It’s hard to believe that the woman with over 130 millionaire interviews under her belt and founder of an explosive online community, was, not too long ago, $70,000 in debt and stuck in a dead end job.
So, how did she go from unknown cable company employee, to creating a million dollar network?
She used Mentorships, Mastermind Groups and Coaching to propel her forward.
Jaime had to overcome a lot of obstacles once she started on the path of entrepreneurship. She struggled with moving to a new community and not knowing anyone, becoming a new mom and dealing with uncertainty about what direction she wanted to go in business.
So what did she do? She reached out.
First to Kurk Lalemand, a successful business coach in Jaime’s area. Initially, Jaime contacted Kurk because she wanted to check out her competition. However, Kurk gave Jaime two hours of his time and shared invaluable advice with her.
She walked away from that meeting feeling empowered, enlightened and extremely grateful. So of course Jaime took the opportunity to ask Kurk if there was anything she could do to help lighten Kurk’s load in exchange for more amazing advice from him. He agreed and became Jaime’s mentor.
Kurk got Jaime started on the right foot by teaching her everything he knew about business coaching. In return, Jaime worked almost every day for Kurk getting him coffee or doing whatever he needed. Soon, she was coaching clients under Kurk’s guidance and knocking out huge wins for herself.
Seeing the benefits that a mentor had on her growth, Jaime decided to push herself even further by creating a Mastermind Group which she heard about from Napoleon Hill’s book Think And Grow Rich. The Mastermind group helped propel her forward in the development of her business and in overcoming fear.
As for Coaching, Jaime has seen huge successes with her clients, including our past guest, John Lee Dumas of Entrepreneur on Fire. She describes a coach as someone who is “in the trenches with you”. When you want to back out, a coach will still be there with you through the everyday nitty gritty, cheering you on and not letting you give up.
It’s safe to say that Jaime would not have reached the level of success that she has achieved had she not set up accountability teams for herself.
In our interview, Jaime shares invaluable advice about how Mastermind Groups, Mentors and Coaches can help you. Keep reading to find out how.
How To Achieve Rapid Success Through Masterminds, Mentors and Coaching with Jaime Tardy
Have you ever struggled with getting too much good information?
So much so that you feel paralyzed by it? Overwhelmed by it?
Do you absorb advice from successful people like a sponge, only to find yourself stuck on your butt? Not able to move forward because you don’t know which direction to go?
Hey, you’re not alone! This is a very painful and legitimate dilemma that a lot of people struggle with.
As a newcomer to entrepreneurship, I’ve experienced this hang up firsthand and surprisingly enough, so has Jaime Tardy. Until I talked with her and gained some perspective, I really had no clue how to implement the information I was getting. But Jaime was my life raft, bringing me safely back to shore.
Inspirational podcasts and publications specifically tailored to the entrepreneur are at our fingertips. New ones sprout up every day. We see self-made millionaires who are more willing than ever to share their advice on a public platform. But this information is useless if we have no one around us on a consistent basis who is keeping us accountable.
So, what do we do when we have all of the information we could possibly need, but have no idea how to implement it?
We bring in the troops! We’re entrepreneurs, so we are already naturally gifted at creating something out of nothing. This is where we need to be strategists and let our creative side run wild. By putting together a team of successful people and keeping ourselves accountable to our team on a regular basis, we are setting ourselves up for success rather than failure.
In this issue, you will find priceless, actionable information straight from Jaime Tardy as she walks us through the detailed steps of exactly how to set up these teams whether you choose to do a Mastermind Group, hire a Coach, or pursue the wisdom of a Mentor. Jaime has all the tools we need to get ourselves going again. Are you ready? Lets do it!
Another Note From The Grasshopper (That’s Me)
After talking with Ann Rea for our issue Becoming A Successful Artist, I was extremely inspired to start taking action. I wanted to begin to grow my own business, find my niche and start targeting a market.
What I found though, is that I really didn’t have a point of reference. So, I began reaching out to several successful people in my community to learn more about the market and ask questions. I cold emailed a bunch of people and met for coffee, lunch, talked over skype and on the phone.
Everyone that I met with was very generous with their time and advice and I was very grateful for it. But the more advice I received, the more overwhelmed and divided I felt. I wasn’t quite sure how to apply all of the great information that I was absorbing. And I noticed that I was losing momentum and getting discouraged.
Why wasn’t I moving forward? I had gone through all the right steps (or so I thought). I wasn’t sure why I was stuck.
It’s fitting then that in my interview with Jaime Tardy something clicked. I started to realize that I was not alone in this and that she too had struggled with the same things I was struggling with. She too had talked to multiple self-made millionaires and had received invaluable advice from people who were doing incredibly well in business.
So what was missing? Keep reading to find out.
Getting Advice and Info Does NOT Guarantee Your Success
Jaime has interviewed over 130 self-made millionaires. She calls them her “case studies”. Every week Jaime interviews a new millionaire and posts it on her website: eventualmillionaire.com. I highly recommend watching or reading the transcribed interviews. Here are two of my personal favorites:
Anyone who listens to one of Jaime’s conversations with her weekly guest will instantly experience the rich quality and high volume of great advice that she gets during the interview. So when she told me that getting great advice and loads of information doesn’t really help you become any more successful, I was shocked. I wondered, “what does help you become more successful?”.
She explained that there has to be a support system around you making sure that you stay committed. Otherwise, all of the good information you’re getting, just ends up never being implemented.
The way to do this is to start or join a mastermind group, hire a coach or find a mentor. Jaime describes how her success rate started to spike once she formed a mastermind group of her own, because she was being held accountable every week to very successful people and she wanted to do well.
Jaime commented that when she first started interviewing people she would listen to their advice and think “Oh my gosh! They are amazing. I’m going to go do exactly what they said!”. But then the next week she would talk to another millionaire and think the same thing.
The problem was, one millionaire would tell her to go in one direction and the next millionaire would tell her to go in another direction. “I felt compelled to go in so many different directions”, she said. And when she applied their advice and it failed for her, they were already gone. She had no one to turn to.
So how can we stop going in multiple directions and start making progress in one, concentrated direction? Read on to find out how.
Why Start One in the First Place?
Jaime was new to her community in Maine. She didn’t know anyone or have any connections. She explains that the biggest thing that helped her to move forward was to start a mastermind group to keep her accountable. She experienced huge benefits by starting a mastermind group.
Listen to what Jaime says in regards to the benefits of accountability:
“Starting a mastermind group helped me to focus on the big wins, not the easy-to-do, comfortable stuff. There are two pieces that really helped with the accountability.
At the beginning of our weekly calls, everyone in the group would go around and we would share our wins. When I heard how awesome and big the wins were by the other members in my group, it made me want to work harder and aim for bigger and scarier wins.
At the end of the call everyone in the group would go around again and share what they wanted to achieve that upcoming week. This was a very powerful tool to move myself forward, because I was accountable to the other people in my group and I knew that the next week I was going to get on a call with them and they were going to ask me ‘hey, did you do what you said you were going to do?’”
Exactly HOW Do You Start One?
Jaime has some great resources on her website for starting your own mastermind group. Here is the link to download her millionaire starter kit. Go check it out, it’s a brilliant resource for forming your own mastermind group step by step.
Jaime Swears By Starting Your Own
Jaime says this about starting your own mastermind group:
“I highly recommend starting your own mastermind group, rather than joining one. The reason for this is, you’re the low man on the totem pole. If you can get one amazing person to join your group, then other amazing people will want to join and will challenge you more”.
When you’re first starting out, start your own mastermind group rather than trying to join one. Why do this? Well, in Jaime’s experience, this way you can hand pick amazing people to join your group. Even if you only find one amazing person at first, you can leverage that person to recruit others. Jaime highly recommends finding people who are doing way better than you are in business. She says that this will challenge you to do better, based on the big wins that they are bringing to the table every week.
The more successful the people in your group are, the more credibility your group will have and then other successful people will be more inclined to join. You need those successful people to propel yourself ahead and to learn as much as you can from them.
Step One: Get One Amazing Person To Join You
You don’t have to get three or four successful people right away to join your group. Start with getting just one amazing person on board. Jaime got the ball rolling by doing a bit of research about others who were doing really well in business. She scoured some forums and put up a post to start a mastermind group. She was lucky to get a response from David Hooper, an author who had written a book called The Rich Switch.
The book had an entire chapter dedicated to mastermind groups and outlined exactly what to do. David told Jaime, “I want you to get people way better than you to join this group”. So Jaime started cold emailing random people in business who were doing much better than she was at the time.
In Jaime’s words, “it doesn’t matter if you have a network to start with or not, just start”. Reach out to people that you know (if you can) and get recommendations from them, but if you don’t have anyone, just start, like Jaime did.
Note: Be picky. Jaime was picky, she got several responses from the forum post, but only let David Hooper in. From there, she started cold emailing people like he had suggested.
Step Two: How To Write A Kick Ass Cold Email
Yes, you heard me say cold emailing. Like Jaime, you are going to have to send out some cold emails, but don’t worry, Jaime breaks it down for us in a way that is professional and easy to do. Pretty soon, you’ll be cold emailing people to join your mastermind group like a pro! See cold email template below.
Step Three: Start!
Jaime says this, “mastermind groups usually don’t have a leader, but you will have to take that role in the beginning to get the group together”. So, with that in mind, with the help of Jaime, we’ve broken down all the steps to help you to start and lead your own mastermind group.
These are the first steps:
Decide that you’re going to do it. It only takes a few emails and a couple of weeks to hear back from people.
Make a list of 20 possible members for the mastermind group
Narrow down on your list, making your final group relatively small (3 to 4 people)
Set a date to all meet via skype or google hangouts
Meetings should be kept short, an hour or less and make sure to meet weekly
Step Four: The Layout of the Group
At the beginning of the weekly mastermind group call, have everyone go around and share their wins from the previous week. (Jaime wanted bigger and bigger wins each week because the people in her mastermind group were getting such big wins).
At the end of the call, have all group members go around and share what they want to achieve in the upcoming week.
Here is an example taken from Jaime’s Millionaire Starter Kit for mastermind group guidelines and mastermind group outline:
For more information on masterminds check out Jaime Tardy’s new book, The Eventual Millionaire. I highly, highly recommend this book to anyone who is walking into entrepreneurship and needs step by step guidance for successfully growing their startup.
What NOT To Do: Learn From My Three Big Mistakes
A few years back I started a mastermind group without really even knowing it. I called it by another name and asked a few of my friends and family members to join. We got together for dinner about every month and checked in. It was a fun “get together”, but didn’t push me to keep getting bigger and better wins. Here are three big mistakes that I made that I hope you can learn from and avoid in the future:
I made it all about me. When I started my group, it was very “me” focused. My process, my goals, what I was learning, etc. No one else was sharing their wins and what they were accomplishing. Had I known then what I know now, I would have made sure that EVERYONE in the group was sharing. That way, it would have pushed me to do bigger, better and scarier things.
Solution: Have everyone in the group share the things that they are committed to achieving and their weekly wins toward that commitment.
Choosing friends and family members. I love my friends and I love my family, but sometimes I think that our friends and family tell us what we want to hear. For a mastermind group to really work, you need to have people who aren’t stroking your ego or coddling you . Encouragement is fine, but we also need to be challenged if we’re going to get anywhere. Get people who INTIMIDATE you!
Solution: Pick people who are ahead of you in the game and don’t have time to stroke your ego. Stretch yourself, get out of your comfort zone. Place yourself around intimidating people who are going above and beyond.
Meeting irregularly or only once a month. To keep that momentum going, that sense of urgency and that burning accountability, set yourself up for success by making sure to meet EVERY WEEK.
Solution: Commit to meeting every week no matter what!