Failure: Do You Stop or Try Again?

A friend of mine in Denver told me a story about how when he was in his early 20s, he put $10,000 of his savings with an investment broker.

A short time later, he lost all the money. The broker did not invest it correctly and took a hefty commission.

This left my friend super pissed off. I mean, I would be too. He then decided not to invest his money again and just keep it in savings. But this is the part of the story that is super important. Own up to your failure and try not to let it create resistance from other investment opportunities.

Just because you lost with one broker does not mean all brokers are like this or that all money investments will turn out this way. This is also the part of failure where our ego can take control, which can be a hindrance in the long term.

Failure can either stop you on your journey, or you can keep moving forward and use it as a learning experience. You can see it as an opportunity to understand what went wrong and how you can grow/improve. Because that is all we are here today. To create a better tomorrow than today and to grow personally.

I see this same pattern all the time with new entrepreneurs. They will put $10,000 of their savings into an idea, and they will stop if the business does not work out as planned. But just because it did not return the value you put in, in the time you wanted it to, does not mean it will never work.

If you always stop when you fail or when things get hard – you may never reach your end goal.