| When it comes to becoming rich and investing money | | | | to become rich then you first need to admit that you |
| most people are so afraid of making mistakes that | | | | made a mistake. |
| they will never become rich. Most people play the | | | | You can generally recognize when you have made a |
| game of money in such a way that they make sure | | | | mistake because you feel horrible. If you lose a lot of |
| they will never lose, but by doing this they prevent | | | | money from a mistake you won't feel too good about |
| themselves from ever winning and becoming | | | | it. This bad feeling is our bodies way of telling us that |
| extremely rich. If you desire to become rich then | | | | there is a lesson to be learned. So if you have made a |
| mistakes should not be avoided like the plague, instead | | | | mistake, the first thing you need to learn how to do is |
| they should be embraced as a further stepping stone | | | | fess up. Admit you made the mistake and only then |
| towards your life of wealth. | | | | can you learn the lesson. |
| Many people live their entire lives afraid of making | | | | Look At What You Did Wrong |
| mistakes when in comes to investing. They are so | | | | The next step (once you have admitted you made a |
| afraid of losing money investing that they fail to invest | | | | mistake) is to look at what exactly you did wrong that |
| and instead make all kinds of money mistakes that | | | | gave you a bad outcome. Maybe you didn't research |
| make them poorer (such as buying a new car instead | | | | enough, maybe you overlooked something, maybe you |
| of an investment property). As humans mistakes are | | | | made a miscalculation, maybe you got arrogant. |
| the way we learn. In school we are taught that making | | | | Whatever it is make sure you pinpoint it so you can |
| mistakes is bad and that you shouldn't make mistakes, | | | | see exactly what behavior caused the bad outcome. |
| where as in real life making mistakes is necessary to | | | | Remember that it is not that you are a bad person, but |
| learn to become rich. | | | | a particular behavior you did was bad. Find that |
| In school they teach you the lessons and then test you | | | | behavior and recognize that caused the mistake, don't |
| to see if you make a mistake or not, but in real life you | | | | go into self pity and blame. |
| make the mistake first then it is up to you to find the | | | | Look For The Lesson |
| lesson in your mistake. It is by looking for the lessons in | | | | Once you have found what behavior caused the |
| your mistakes that you can learn how to become rich. | | | | mistake look for the lesson that is to be learned. What |
| I cannot go through every mistake and every lesson | | | | can you do better next time? How can you change |
| there is when it comes to money...because there are | | | | your behavior to achieve a greater result? What do |
| SO many. There are too many mistake and too many | | | | you need to do or not do next time to make sure the |
| lessons to be taught in 100 books, let alone this article. | | | | same mistake doesn't happen again? By actively |
| But what I want to share with you is some tips on | | | | looking for the lesson you greatly increase your |
| how you can more effectively learn from your | | | | chances of learning something. |
| mistake. Because if you can learn how to learn from | | | | Do Differently Next Time |
| your mistakes then you will be able to constantly | | | | A lot of people do the first three steps (admit that |
| improve yourself and constantly get richer and richer | | | | they made a mistake, look at what they did wrong, |
| by learning from your mistakes. | | | | and look for the lesson) but they fail to do differently |
| Admit It When You Make A Mistake | | | | next time and they make the same mistake again. We |
| Most people go into denial when they make a mistake | | | | have all done this before. But if you want to use your |
| instead of admitting they made a mistake. They try to | | | | mistakes to help you get richer, instead of poorer, then |
| blame everyone else and they never look at | | | | you need to do differently next time. |
| themselves. But if you want your mistakes to help you | | | | |