Do you think a mentor should charge for his knowledge or give it for free?

[FierceRacoon]

That's why a lot of the great coaches and most successful people don't do one-on-one coaching. Tony Robbins is a good example on the coaching side -- he can make $1M per day giving a private group session and much more than that hosting his big events.

This is nonsense, sorry: if you don't do one-on-one coaching, you cannot become or stay a great coach. (There are exceptions in the sports, but you'll understand what I am trying to say.) You need the experience of working with the same person for many years, seeing the effect of your coaching, analyzing their progress, trying this and that. You need many such experiences in order to really know, what works and what doesn't. Greatness has a price, and it involves sacrifice, including sacrificing more profitable opportunities.

It is relatively easy to take a person with a strong character, an aspiring entrepreneur, and help them make a few tweaks here and there. Try taking someone who is naturally introverted, impractical, just not your natural entrepreneur type, and already in their 40s. Now try coaching them to a multi-million success 10 years later. Again, it is relatively easy to take a person with certain kinds of phobias, use on them some hypnosis or NLP and unblock a particular blockage. But try taking someone who believes "money is evil" and guiding them for years until their worldview gets reconstructed one tiny bit at a time.

 

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[Brewmacker]

Upon advice from another FLF'er, I am currently reading this book with keen interest. Maybe it has some answers for you:

Give and Take: Why Helping Others Drives Our Success

Shared via Kindle. Description: <div><b><span>A groundbreaking<span> </span><i>New York Times<span> </span></i>and<span> </span><i>Wall Street Journal<span> </span></i>bestseller that is<br />captivating readers of Malcolm Gladwell,...

read.amazon.co.uk

It is a book worth reading twice. There should be enough information in there to help you answer your own question as it comes down to personal preference, long term goals and in the end who you want to be.

 

[Deleted43013]

Out of curiosity...

Well, a mentor who charges is called a "Consultant" in the business world. If the guy or gal or whatever the hell millenials call people today is mentoring lost kids who come from broke, deadbeat families, then he's probably not going to charge, as you can imagine. That is called "mentoring".