A great learning approach for creating wealth is to get a wise mentor or coach. As we discussed previously, the wisdom of a mentor often is absorbed by the student.

I got my first business coach/mentor about five years ago. It has been quite a ride since then, and an excellent learning approach for me. I went from slow and steady growth for my company, to “significant”. And it was during the darkest period of the current economic climate when businesses were failing at a horrific pace.

I can remember the first interview I had with my business coach. He was interviewing me to see if he would take me on as a client. He was dead serious about who he wanted to work with.

One of the most piercing questions he asked of me was: “Are you coach-able?”

I had to think about that for a long time.

What did he mean by that? And why was it so important to him?

When I thought about it, the image that popped into my head was one of an athlete. We all know there are a lot of talented athletes with natural abilities. But does that make them great? Not always. And more importantly, does natural abilities make them winners?

If it is a team sport, like basketball, we know that natural abilities will only take you so far. And if the guy goes out and tries to be a ball-hog, his arrogance is going to set up the team for certain defeat. The other team knows that they can just put two people on him and that takes away all the natural ability. Once isolated, the talented guy can’t do anything on his own. And his pride will prevent him from passing the ball off to the open player on his team.

It takes an outside coach to see what is going on, and to adjust the play of all the players to counteract the tactics of the opposing team. But if the talented guy won’t yield to the coaches’ decision on which play is being called, the whole game will collapse.

When a coach recruits a player for his team, not only is he looking for natural talent, but also for a player that will be willing to yield to the coach’s learning approach. The coach calls the plays, and he expects his players to follow the instructions.

If the team wins, both the coach and the individual players share in the glory. If the team loses, pretty much everything gets blamed on the coach.

Because of this, the coach knows that he has to raise the player’s level of performance to the highest possible. And he has to get them “smart” — which has to be done in a short amount of time. Time is always against a coach. So to cut through the crap that people carry with them, the coach is often tough on the players. He’s got to get their focus on the important aspects of the game.

Players that respond well to strict coaching are often extremely valuable to the coach and to the team. They will excel, and do it quickly. Do you get that? That is what I understand from this verse out of the bible:

Rebuke a discerning man, and he will gain knowledge. Proverbs 19:25 (NIV)

My first business coach knew this too. He wanted to know if I was a “discerning man.” Could I handle and learn from the correction that he would lay on me? If I couldn’t, then what was the point of his efforts? He wasn’t there to be a friend, he was there to build me up and make me into a winner.

The learning approach used by coaches and mentors is a lot different from your family and friends. A family member or a friend is a person that is comfortable with who you are today. The know all your faults and can live with them. A mentor is a person that doesn’t care a whit about your comfort level today; he cares about your comfort level in your future. He can guide you to a successful future, but you have to be coach-able. You have to be humble enough to learn from correction.

As the verse says, the end result is knowledge. Knowledge can turn into wisdom; which eventually leads to creating wealth.

It is how to make money, God’s way.

How about you? Are you coach-able? Are you willing to follow crazy instructions from a trusted mentor that has your best interests in mind? If you are, then you’re a rare and exceptional person. Very few people would do this. To be honest, I had a tough time giving up control. But following a trusted mentor or coach is the fastest and easiest way to create wealth. It worked for me, and I know it can work for you too.

If you don’t know a mentor like this, or if you are still uncertain, I would recommend my current mentor to you. His name is Dr. Kevin Hogan. You can try him out by listening to his CD audio programs and see if his style is right for you. He is a no-nonsense coach, but if you follow his advice, you’re success will accelerate faster than you ever thought possible. To learn more about his audio programs, click here.

Photo Credit

Scripture taken from the HOLY BIBLE, NEW INTERNATIONAL VERSION®. Copyright © 1973, 1978, 1984 Biblica. Used by permission of Zondervan. All rights reserved.

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16 Responses to “Learning Approach For Creating Wealth”

  1. Tim, coaching is only as good as the directions that are followed. Cool post with many valid points.
    Scott Sylvan Bell
    Now go implement!

  2. alam ghafoor says:

    You had a good coach to start you off……it’s real important to not only be coach-able but to also have a coach that you identify with sometimes we don’t click with people.


  3. Your learning approach for creating wealth contains a lot of little gems in it.

    Being coachable is such an important one because if you remain more committed to your opinions and feelings than you do the coaching, then you’re really not coachable after all.

    The Success Secrets

  4. Rob Northrup says:

    To be coachable you have to be working with someone who you really trust to advise you and they need to have the “whole picture” to give you good advice.

    If you aren’t able to really open up, it is hard to trust the coach because you know that you are holding back vital info and that their advice isn’t going to be the best because of that.

    Be honest with your coach/mentor.

    Seizee the Day,

    Simple Family Survival Tips Forr Disasters and Emergencies

  5. Dewayne Chriswell says:

    Very good description of a coach/mentor, and the perspective of their teaching styles.


  6. Dale Bell says:

    Even coaches have coaches I have listened to Dr Hogan and he has a coach. When he is told to do something he dose not question he does it. If you are going to pay a coach why in the world would you not listen and do what he or she tells you.

  7. It is funny how some times it is easier to be honest with a stranger than a friend or family. A coach doesn’t have that emotional connection with you, and can give constructive criticism. When your “coach” starts to worry about your feelings, it is time to change to a new one.

    Fun and Free Activities

  8. Hi Tim,

    It is so true and apt what you say and leverage from Scripture about being coachable. Indeed, I have to qualify my coaching clients likewise. Part of what I ask about with multiple questions is about their motivation. Do they just want me to try to force spoon feed them like a truculent baby? Or are they eager enough for their desired result to take action and implement? Discernment for both the coach and the coachee.

    Happy Dating and Relationships,

    April Braswell
    Single Baby Boomer Dating Expert

  9. David says:

    Having a mentor help you move in the right direction is extremely important.

    Marin County Roofers

  10. Peggy Larson says:

    I have a friend who has a mentor/coach in her business and she recommended her to me. I gave it a try but the rapport with her wasn’t there for me. I’ve lived a “colorful” life (aka been around the block a few times) and I felt I could see right through this coach. She works well with my friend though. I’d say mutual respect is important in a coaching relationship and the same coach won’t work well with everyone.

    Peggy Larson
    Quilting – Colors and Fun

  11. It does wonders to find a mentor (or coach) that you respect to learn from as well as get those compliments from to reassure you that you are good at what you do and deserve the success that comes with your hard work.
    Jen B
    The Harwood Group – Tinnitus, Chronic Illness, Fears, and Anxiety

  12. Great advice and nice connection with Scripture. Also your commenters have some wise advice as well, i.e., followoing instructions and having the all importnt trust in the coach!

    ESL, EFL, ESOL Teaching: What’s In It For Me?
    Enjoy Being Online here!

  13. michael says:

    This has always been a difficult area for me.

    I would say that I am definitely very caochable.

    I just have a really hard time finding a good coach that can be strict with me and helpful..


  14. Having a coach or mentor is such a great opportunity for expanding my business or wealth. I feel kinda bad for my mentor because I am stubborn and skeptical. One of these days I’ll be more coachable. I’m working hard on it now.

    Sabrina Peterson, NASM CPT,CES
    Corrective Exercise for Every Body

  15. Mark says:

    I am glad I came back to find your scripture reference in this post, my comment never went through! Being coachable is critical in success and more importantly… gaining wisdom!

    Direct Selling Advice, Leveraging Relationships for Long-term Profits

  16. My husband said the fall of the division of the company he used to work for was directly due to the vp hiring a coach. He said suddenly everything was about the success of the vice president himself as opposed to success of the division and it just fell apart.

    Lisa McLellan
    Babysitting Services, Nanny Services, and Nanny agencies