Logo Horizontal

What Does It Mean To Mentor? by Sharon Lechter


It is often said that when people volunteer their time to help others, they get more out of it than the people they help. This is because the intrinsic rewards are so great that they vastly overshadow any sacrifices one makes in terms of time committed. The same, then, can also be said of mentoring other professionals. So what does it mean to mentor and what benefits are derived from being a mentor?

Roles of a Mentor

There are two primary roles of the career-related mentor. The first involves preparing protégés for advancement in their careers and helping them to learn to navigate the organizational structure where they work. These typically involve providing the protégé with exposure to other professionals with whom they can also network.

The second role is perhaps the most important, because it involves helping the protégé with personal growth. Such growth instills confidence and a sense of competence. This occurs through acceptance and affirmation of the protégé, counseling on both personal and professional issues that arise, role modeling for the protégé, and, of course, friendship. These two roles impact the protégé by exposing them to new ideas and ways of thinking, development of strengths and the overcoming of weaknesses, and increased recognition in their careers.

Benefits of Mentorship

Not only do mentors gain personal satisfaction from sharing their knowledge and experience with an eager listener, mentoring also offers more tangible professional benefits. For one, the mentor benefits through the recognition that they are a subject matter expert. This can have career impacts well beyond the walls of one’s organization. What’s more, the mentor also learns from the protégé through exposure to a different perspective. Additionally, the mentor is able to develop a personal development style that can have benefits for those in senior and management positions.

Less tangible, but no less important, benefits include honing active listening skills, an increased sense of self-worth, and the opportunity to reflect on their own goals and opinions.

So, what does it mean to mentor?

As you can tell from the above, it means an awful lot. And, quite often, the mentor-protégé relationship extends well past its formal expiration as mentor and protégé have laid the foundation for a lifelong connection. I’ve mentioned before that it can often be lonely at the top.  Being a mentor not only provides the opportunity for personal fulfillment and satisfaction, but it can also be part of an effective strategy for overcoming what can often feel like isolation as we focus on continuing to develop ourselves and others.


Sharon will be speaking at #TheBestYouEXPO on the 4th and 5th of March. LINK

Sharon Lechter

Sharon Lechter is an entrepreneur, author, philanthropist, international speaker, licensed CPA, Chartered Global Management Accountant and, most importantly a mother and grandmother. A life-long education advocate, she is the founder and CEO of Pay Your Family First, a financial education organization. Regarded as a global expert on financial literacy, Sharon has served as a national spokeswoman and Presidential Advisor on the topic. In 2015, Sharon joined the global initiative of Empowering a Billion Women by 2020 (EBW2020) as its Chief Abundance Officer. EBW2020 and its sister company MintHER are dedicated to providing the tools and mentorship to support women entrepreneurs in reaching their greatest success around the globe. Sharon has been a pioneer in developing new technologies, programs and products to bring education into children’s lives in ways that are innovative, challenging and fun, and remains committed to education – particularly financial literacy. In 1989 she joined forces with the inventor of the first electronic 'talking book' and helped him expand the electronic book industry to a multi-million dollar international market. Since 1992, she has dedicated her professional life and directed her entrepreneurial efforts in the creation and distribution of financial education books, games and other experiential learning products. In 1997 Sharon co-authored the international bestseller Rich Dad Poor Dad, along with 14 other books in the Rich Dad series. Over 10 years as co-Founder and CEO she led the Rich Dad Company and brand into an international powerhouse. In 2008 she was asked by the Napoleon Hill Foundation to help re-energize the powerful teachings of Napoleon Hill just as the international economy was faltering. She has released three bestselling books in cooperation with the Foundation, including Think and Grow Rich-Three Feet from Gold, Outwitting the Devil and her latest project, Think and Grow Rich for Women, released in June of 2014. Sharon has also released Save Wisely, Spend Happily, in cooperation with the American Institute of CPAs. Her financial literacy board game ThriveTime for Teens, an innovative experiential and fun life and money reality game, has gained recognition with coveted awards including a Mom’s Choice GOLD Award, Creative Child Magazine’s 2010 Game of The Year, Dr. Toy’s Best Vacation Product and a five-star rating from WTS Toy Reviews. Sharon is recognized globally as an expert on the topics of financial education and entrepreneurship. She is the co-author of Your Financial Mastery, a financial education college curriculum and recipient of the 2015 Excellence in Financial Literacy Education “Book of the Year” award presented by the Financial Literacy Institute. In 2008 Sharon was appointed to the first President’s Advisory Council on Financial Literacy. The Council served both President Bush and President Obama advising them on the need for financial literacy education. In 2009 Sharon was appointed to the National CPA Financial Literacy Commission as a national spokesperson on the topic of financial literacy and was reappointed in 2014. A committed philanthropist, Sharon also gives back to world communities as both a volunteer and benefactor. Sharon serves on the national board of the Women Presidents’ Organization, and the national board of Childhelp, a national organization founded to prevent and treat child abuse. Sharon is also an Instructor for Thunderbird School of Global Management for both its Artemis Program and its partnership with the U.S. Department of State and Goldman Sachs 10,000 Women program. Sharon was the driving force behind the passage of Arizona SB1449 in June of 2013, a bill that requires financial literacy concepts to permanently be incorporated into economics standards and created a separate statue for those concepts. Sharon’s contributions have been recognized globally. Childhelp has honored Sharon and her husband, Michael, as recipients of the Spirit of the Children Award. Sharon and Michael were recognized as an Arizona “Power Couple,” and Sharon was also named as a Woman of Distinction by the Crohn’s & Colitis Foundation of America. She was honored with a 2012 Positively Powerful Women award for Philanthropic Leadership, by the Phoenix Business Journal as one of 2013’s 25 Dynamic Women in Business, and by National Bank of Arizona with the 2013 Woman of the Year award and Arizona Business Magazine as one of the 50 most Influential Women in Arizona Business. In 2015 Sharon was honored by Florida State University’s Women for FSU with a Gift of Wisdom Award, Women Presidents’ Organization with the Mary Lehman MacLachlan Economic Empowerment award and by the National Financial Educators Council as the Financial Educator of the Year for 2015. Sharon was also honored with the prestigious 2015 International Profilo Donna Award by Profile Woman.

Or Share This Post!