14562 days ago
I fail a lot. It’s astonishing how much I fail. Just today I was told by a client (whom I was doing a copy written piece for) that the 20+ hours of work I did last week was too aggressive and to scrap the entire thing.
- I’ve started businesses that have been driven into the ground.
- Miscalculated real estate deals that turned into disasters.
- I am a serial failure at marketing for subscribers to my personal finance letter.
Dear reader, understand this: the difference between winners and losers is that when a loser fails, he surrenders in defeat. When a winner fails, he realizes he is just that much closer to victory. Or he has further data results to help him find what will eventually work.
You have to be relentless in life and business if you want to have success. Losers fear failure and it causes them not to take action. Or worse, they simply settle for average, choosing the comfort of the group in replacement of the glorious feeling of a purpose-driven life.
I encourage all who are reading this to make the mastering of failure part of your life. Be fearless when making decisions and always remember that if you fail to try new things — if you fail to act — you will absolutely fail. The only path to your own life success is to add the constant risk of failure, and make failure itself part of your daily routine. I am not asking you to try and fail, but I promise you this: the more you fail, the more likely you are to succeed.
Of each of the failures I mentioned above, I have also seen tremendous success that is way above average. Real estate income today pays my bills, but it never would have if I allowed the epic failures in 2008 in real estate investing to keep me away from trying to make this asset class work for me and my family.
In the world of inflation and personal finance videos, I am known to be the viral video guy in many circles. Almost as if everything I produced has been seen by millions. However, the truth is I’ve made probably 50 high-quality videos about finance and only 1 has more than a million views. 2 probably have more than 500,000 views, a dozen probably have over 100,000, and the rest have all fallen in the range of 10,000 to 30,000 views. All in all, I’ve had 3 truly successful videos, and a total of 15 that were big winners for my business partner and I over the past 5 years.
When it comes to writing articles, a handful have gone viral, but in the past 5 years I’ve probably written north of 500. Yet 90% of my income is generated from writing today.
The best advice I can give anyone is to see failure as a part of success and not the final verdict.