Lessons from the Pros

REAL ESTATE ARTICLE

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The Value of Mentorship

By Diana Hill, Online Trading Academy, Professional Real Estate Investor Instructor

I have had the pleasure of wonderful mentors along my path and in the last couple of decades, I’ve also had the privilege of being a mentor.

Between Christmas and New Year’s, I always take the opportunity to review my goals for the year-ending and set new ones for the year to come. A mentor can be the catalyst that helps us take our goals and dreams and launches them to reality.

Let’s define mentor, www.dictionary.com defines it as "A wise and trusted counselor or teacher or an influential senior sponsor or supporter."

Wikipedia’s definition is: "A developmental relationship in which a more experienced or more knowledgeable person helps a less experienced or less knowledgeable person – who can be referred to as a protégé, or apprentice — to develop in a specified capacity."

My definition of a mentor would be "someone who has the ability to help me move past my comfort zone." Why do we get stuck in these comfort zones and why so often do we need help to move pass them? It is human nature to stay with what we know and where we’re comfortable. A mentor can help us get past that point by giving us, specific knowledge we are lacking, making us accountable, caring about the outcome, providing confidence, and often just listening. Below is a list of qualities that I think are important to look for in a mentor and also valuable to posses if you are one:

  • A mentor must be someone you respect. If you know of someone who has accomplished things that you admire and hope to achieve yourself, that’s the person to provide guidance.
  • A mentor should be a person who will support your needs and aspirations, who will encourage you to accept challenges and overcome difficulties, and who will motivate and inspire you to reach your full potential.
  • A mentor should be someone who is genuinely interested in people, has a desire to help others succeed, knows how to effectively communicate and actively listen.
  • A mentor is self-confident and helps the mentee create self-confidence.
  • A mentor is one who takes pride in their organization, relishes challenges and has a strong vision.
  • A mentor creates a clear view of the big picture.
  • A mentor should be an expert in the field.
  • A mentor should lead you to the answers, not give them to you.
  • A mentor sets high expectations.
  • A mentor should encourage calculated risk-taking.

I recently got an email with a quote that is perfect for this article:

"The difference between coaching and criticism is your attitude."

Whether you’re looking for a mentor or currently mentoring someone, keep these qualities in mind; they will help create the win-win situation you’re seeking. I know that without my mentors, I wouldn’t be who I am today and who I’ll be tomorrow. Whether you are the mentor or mentee, there is an opportunity for growth.

Here at Online Trading Academy, we have developed a very unique and personal way of mentoring in our Extended Learning Track (XLT) programs. No matter what your area (or areas) of interest, we have a mentor and XLT that will help you reach those goals. I am very excited to start the XLT Real Estate class in February of 2010.

I feel so blessed to be included as part of the Online Trading family and to have the opportunity to work with many of you on your Real Estate goals.

Make sure that a mentor relationship is part of your plan for 2010.

Happy Holidays!

- Diana Hill

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Disclaimer
This newsletter is written for educational purposes only. By no means do any of its contents recommend, advocate or urge the buying, selling or holding of any financial instrument whatsoever. Trading and Investing involves high levels of risk. The author expresses personal opinions and will not assume any responsibility whatsoever for the actions of the reader. The author may or may not have positions in Financial Instruments discussed in this newsletter. Future results can be dramatically different from the opinions expressed herein. Past performance does not guarantee future results. Reprints allowed for private reading only, for all else, please obtain permission.