Tuesday, September 17, 2013

Look to the Future

If you dwell on your past mistakes your creativity can crash to a grinding halt and you will be unable to move forward. Losing is good if you interpret it correctly.

Demonstration Example: A friend of mine told me how a number of years ago, an acquaintance of his, approached him with a spectacular lead about a stock that was certain to triple in price in the next few weeks. The price was $7.45 a share. So, despite his misgivings he bought 200 shares. From that day the stock dropped. Finally eighteen months later he decided to cut his losses and sell.

He sold the stock for a huge loss at a grand total of $413. He could have let this one bad experience drive him from ever investing in the stock market again. However, this wise man explained, he was glad to have learned such valuable lessons.

It taught him:

1. Ignore the guy who wants to give a hot tip.
2. Check into a company carefully before buying.
3. Sell if it starts dropping too much.

Education of the Highest Merit

Don't regard mistakes as mistakes. It ceases to be a mistake and loses its power to hold you back if you can learn to be glad that you've not failed but learned valuable lessons in life. That attitude will help you to build future successes.

Lost a job? You probably weren't suited, so take the time out to decide what you really want to do. Built a business and then it crashed? Perhaps you don't like running your own business. Can't sell a product? Look for the reason and then act. Either try out other ways to sell it or scrap the product and sell a different one.

Blessed is he who is not discouraged by mistakes. Blessed is he who is glad he makes mistakes. Winning - or losing - is a state of mind.

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