TMS #118: Building Your Wealth Team

How to Curate the Right Circle for a Millionaire Mindset

Read time: 4 minutes

If you’re aiming to build wealth and success, your circle matters more than you think.

The people you spend the most time with are a direct reflection of your future potential.

In fact, many experts agree that you become like the five people closest to you.

So if those around you aren’t helping you grow, it might be time to reevaluate your circle.

Let's discuss practical steps to build a network.

It should fuel your journey to financial freedom.

Your environment shapes who you are.

Your friends, family, and colleagues influence everything.

They shape your beliefs and daily habits.

If you are around ambitious, goal-oriented, driven people, their mindset will rub off on you.

But, if you're always around people who settle for less or procrastinate, it can hold you back.

Their discouragement can also hinder your potential.

Think about this: Who are the five people you spend the most time with?

What are their attitudes toward success, financial growth, and personal development?

Actionable Tip: 

Make a list of these five people.

Write down how each person impacts your life.

Identify whether their influence is helping or hindering your goals.

II. Setting Standards for Your Circle

Once you understand the impact of your current circle, it’s time to set some standards.

Think of it as creating a personal “success filter” for your relationships.

To develop a millionaire mindset, your peers must align with it or push you toward it.

Key Traits to Look for in Your Wealth Team

Here’s a list of qualities that will make for a powerful, growth-driven circle:

  • Ambition: They have clear goals and are actively working toward them.

  • Positivity: Their energy uplifts rather than drains you.

  • Accountability: They hold themselves (and sometimes you) to high standards.

  • Growth Mindset: They believe in continuous learning and self-improvement.

  • Financial Savvy: They understand the basics of money and are focused on building wealth.

You don’t need to completely replace your social circle overnight.

But you do need to seek out people who fit these qualities if you want to level up.

Actionable Tip: 

Review your list from Section I.

Which of your current connections align with these qualities?

Aim to spend more time with those individuals.

III. Practical Strategies to Expand Your Network

Building a network isn’t always easy, especially if you’re in the early stages of your career.

However, the good news is that there are countless ways to meet like-minded people.

Here are three strategies to expand your circle strategically.

1. Attend Events and Workshops

Events, online or in-person, let you meet people.

They are investing in their growth.

Look for networking events, business seminars, or industry workshops.

These environments are perfect for finding people with similar goals.

2. Join Mastermind Groups or Mentorship Programs

Mastermind groups connect you with people who share your ambitions.

In these groups, you can share advice and hold each other accountable.

You can also learn from each other's experiences.

My last longer mastermind was a group of young real estate investors.

We had a great year and I am still in contact with some of them.

3. Engage in Online Communities

Social media, like LinkedIn and X/Twitter, connect to ambitious communities.

Engage actively and share your insights.

People will then want to connect more.

Actionable Tip: 

Aim to attend at least one new event this month.

Join a mastermind, or get involved in an online community related to your field.

I also recommend joining my X community: The Millionaire Secrets.

You receive daily bundled knowledge for your personal and business growth (+7,500 members):

IV. Cultivating Deeper Connections

Once you’ve found the right people, don’t stop there.

Building meaningful relationships requires effort.

It’s about truly connecting.

Tips to Strengthen Your Relationships:

  • Be Authentic: People are naturally drawn to authenticity.

    Don’t try to impress — just be real.

  • Offer Value: Don’t just think about what you can gain.

    Ask yourself what you can give.

    Maybe it’s advice, a resource, or simply being a good listener.

  • Stay in Touch: Relationships fade when you don’t keep up.

    Set a reminder to check in regularly, even if it’s just a quick message to see how they’re doing.

Actionable Tip: 

Reach out to one person in your circle this week with a simple message to reconnect.

Offer your support or help with something they’re working on.

V. Boundaries: Protecting Your Energy and Goals

Not every connection will align perfectly with your vision.

Sometimes, even well-meaning friends or family members can project doubt, fear, or negativity.

It’s crucial to set boundaries to protect your mindset.

If someone in your circle is draining your energy or discouraging you, limit your time with them.

This doesn’t mean cutting people out of your life entirely.

But it does mean prioritizing relationships that uplift you.

How to Set Boundaries:

  1. Be Clear About Your Goals: 

    Let people know what you’re working toward and that you’re focused on growth.

  2. Respectfully Decline Negative Conversations: 

    If a conversation feels unproductive or negative, steer it in a positive direction or politely exit.

  3. Prioritize Your Inner Circle: 

    Focus on those who encourage and inspire you.

Actionable Tip: 

Identify one relationship in your life where you need clearer boundaries.

Start with small steps to respectfully protect your time and energy.

Looking for more ways to fast-track your success? Here’s how I can help:

1. 1:1 Coaching to unlock your potential »» Apply here.

2. FREE resources to discover your purpose »»  Start here. 

3. Personal branding strategies that scale »» Learn more on X.

Follow me on X and LinkedIn for daily insights into Millionaire Habits, Financial Success, and Emotional Health!

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