We all know in the investing journey is going to involve at least a few knocks. The only way to get through unscathed is to gamble nothing – to not put your body on the line – but nothing great comes of that.
I can guarantee you that a life you can be proud of will contain at least a few failures.
If you’re an entrepreneur, expect a few businesses to go bankrupt. Or if you’re in the property game, expecting a few deals to go flop at some point in your career. If you are share trader, get ready for black swan event.
These are relatively easy to shrug off. Once you’ve decided that property is your game and you’ve got a few successful deals under your belt, it’s no big deal if one doesn’t go well. You get back on the horse and off you go.
What’s harder is when you still don’t know what you are supposed to be doing. When you go and do a FX trading course, and then lose all your money. And then you go and open a restaurant or café, and it flops. And then you went to oversea for further study but still fail in the exam.
When you know who you are and what you’re doing, failure is easy. It’s just a cost of doing business.
But when you don’t know what you’re about and what your trajectory is, failure can be crushing. It feels like a big massive ‘no’ to the direction you’ve chosen in life.
And you’re stuck, lost in the wilderness. Wondering where you fit in and where you belong. And failure here is hard to bounce back from.
If you fail as an merchandise planner, people say, “Oh well, you did your best.”
But when you open your own share trading business and fail, people will say, “what were you thinking?” or “I told you so”!
Get up and try again. I beg you.
Don’t settle for anything but the life that is waiting for you. Try and try again until the way opens up, and you find yourself living on your own terms.
This is the essence of a courageous investing life.
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I can guarantee you that a life you can be proud of will contain at least a few failures.
If you’re an entrepreneur, expect a few businesses to go bankrupt. Or if you’re in the property game, expecting a few deals to go flop at some point in your career. If you are share trader, get ready for black swan event.
These are relatively easy to shrug off. Once you’ve decided that property is your game and you’ve got a few successful deals under your belt, it’s no big deal if one doesn’t go well. You get back on the horse and off you go.
What’s harder is when you still don’t know what you are supposed to be doing. When you go and do a FX trading course, and then lose all your money. And then you go and open a restaurant or café, and it flops. And then you went to oversea for further study but still fail in the exam.
When you know who you are and what you’re doing, failure is easy. It’s just a cost of doing business.
But when you don’t know what you’re about and what your trajectory is, failure can be crushing. It feels like a big massive ‘no’ to the direction you’ve chosen in life.
And you’re stuck, lost in the wilderness. Wondering where you fit in and where you belong. And failure here is hard to bounce back from.
If you fail as an merchandise planner, people say, “Oh well, you did your best.”
But when you open your own share trading business and fail, people will say, “what were you thinking?” or “I told you so”!
Get up and try again. I beg you.
Don’t settle for anything but the life that is waiting for you. Try and try again until the way opens up, and you find yourself living on your own terms.
This is the essence of a courageous investing life.
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