2008-10-11

The Biggest Failure I Know

I am so rich because I've made more financial mistakes than most people. Each time I made a mistake, I learned something new. In the business world, that something new is often called "experience". But experience is not enough. (just like if you have 10 years of playing basketball in the football field doesn't make you an expert).

Many people say they have a lot of experience because they keep making the same mistake over and over again.

If a person truly learns from a mistake, his or her life changes forever, and what that person gains instead of experience is "wisdom".

People often avoid making financial mistakes, and that is a mistake.

They keep saying to themselves, "Play it safe. Don't take risks."

People may be struggling financially because they have already made mistakes and have not learned from the mistakes.

So they get up everyday, go to work, and repeat the mistake and avoid new mistakes, but they never find the lesson.

These people often say to themselves,"I'm doing everything right, but for some reason, I'm not getting ahead financially."

Rich Dad's comment:

They may be doing all the right things but the problem is that they are avoiding the worng things - wrong things such as taking more risks.

They are avoiding their weaknesses instead of confronting them.

They are not doing something they may be afraid of doing, and consciously choosing to avoid making a mistake rather than make one.

Some of the biggest failures I know are people who have never failed.

What is the lessons ?

Whenever we make a mistake, we become upset.

An upset is our maker's way of telling us that we need to learn something.

It is a tap on our shoulder saying, "Pay attention. You have something important to learn. If you lie, blame, justify, or deny the upset, you waste the upset and will waste a precious gem of wisdom.