Roadblocks to Wealth: Failure
No one wants to be looked upon as a failure.
Most people fear failure and attempt to avoid it at all costs. In fact they will actually decline opportunities that come around simply because of this paralyzing fear.
The neat thing about the average American habit is that they do not fear failure if they are part of a large majority or there is minimal initial risk. If “everyone” loses then its OK, or if you have little to lose then everything is fine.
Example 1: Most people enjoy some form of traditional gambling. From lotteries, bingo, to the poker table, people like taking a chance on the hope they might get a large sum of money. They do this even though it is well known (if not clearly stated) that they will not succeed. Scratch off lottery tickets have odds printed on the ticket. Multi-state lotteries have published odds of winning. Casinos offer specialized games of chance that have predetermined odds in their favor. Yet people flock to these chances to the tune of billions per year. They have no fear because they expect to lose and know everyone else will too. They also believe that since small amounts of money are involved that it is less risky. How many people do YOU know that have won at one of these games of chance? How many of those people won over $100,000? Over 1,000,000?
Example # 2: Most people give up on their dreams to be extremely Wealthy. Most children have dreams of becoming anything they want to be. A movie star, an actress, professional athlete, a millionaire, a billionaire you name it. At some point though many give up on these dreams because they find that it requires a lot of hard work. They look around and notice that there is no friend, relative or acquaintance that has been able to do this. They hear the preaching of practicalness and let go of their ultimate goal. In short they fail, but they did not fear this. They had almost nothing invested in this grand life of the future and therefore it was easy to let go.
The thought of Failure actually prevents people from taking advantage of good opportunities. This is a major obstacle to overcome. At the Minds of Wealth we want to show you the path to Wealth.
A major roadblock on this path is Failure.
If you have developed a Habit of Failure we suggest pulling a tip from The Power of Focus. Eliminate this bad habit by developing a new habit with the polar opposite idea: The Habit of Success.
Here is how we suggest you treat your thoughts on Failure to develop Success:
You must accept the fact that it will happen.
You must accept the idea that you will learn more from failure than success.
You must take the time to prepare for every investment but not let this preparedness stop you from proceeding when you are presented with an opportunity to succeed. You must proceed to succeed.
You must be open minded to reality. No single person knows everything, and no one can predict the future with 100% accuracy.
You must adapt to change. If the conditions regarding your original assumptions change you must be willing to accept these changes and adapt. Failure to adapt is a top reason for Failure at anything.
Visualize success. If you think about a successful outcome, feel the feelings of a successful outcome you will be successful.
Find others that are successful. The more you learn from them the better positioned you will be to follow in their footsteps.
We hope these ideas help you overcome one of the many Roadblocks to Wealth. Check out our other articles!
A.D.