Go For No: Why You Have To Fail In Order To Succeed

According to insurance industry statistics, if you took 100 people when they were young and observed them as they got older, you would find that by the time they turn 65, only 1 would be rich.

4 would be financially independent.

18 would have already died.

5 will still be working.

And a staggering 72 will be broke, having to be dependent on pensions, friends, relatives, government or charity in order to survive.

After a lifetime of work, only 5 out of 100 people become financially successful.

Why is it that out of 100 people, 95% fail? It’s because ironically, the people who get in the top 5% are usually the people who failed the most.

In the book “Go For No,” Richard Fenton says,

“Failing… and becoming a failure… are two very different things. Successful people fail eagerly while failures avoid failing.”

Statistically, 70% of people will quit after failing once. 80% will quit after failing twice. And 90% will quit after failing three times.

Interestingly though, the average millionaire has failed at least three times before ever becoming a millionaire.

This means that if you want to be financially successful, you have to learn to handle rejection.

In the book “Why ‘A’ Students Work For ‘C’ Students,” Robert Kiyosaki says that a lot of ‘A’ students never become wealthy simply because they aren’t able to handle rejection.

These people avoid failure.

If you don’t persist towards the goal to make enough money so that you don’t have to worry about money, then by default, you’ll fall into the group of people who do worry about money.

If you can’t fail, then you’ll never be financially independent.

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11 thoughts on “Go For No: Why You Have To Fail In Order To Succeed

  1. Great Post. Like the bit why A students work for C students. Getting a handle on rejection. – Agree

    If you don’t persist toward the goal to make enough money so that you don’t have to worry about money then by default you fall into the group of people who do worry about money. – Agree – I do find it amazing

    Failing and becoming a failure are two different things – Agree

    The only thing I add to this, is that sometimes life really puts a spanner in the works and you could be out there earning, achieving and then bang suddenly it changes no warning. You have to stop earning money, and your career to take care of an health issue – say for yourself or a loved one. Then you try to get back what you had, in a part time way to find that restarting later in life when it is harder. Or restarting in a part time mode is almost impossible. Then one has to become resilient, trust, have faith, be thankful for making hay when the sun shone.

    Life doesn’t go to plan and there are those who have no plan. But, when you have a plan and life happens – it a challenge and opportunity of character.

    Great post always. Found you on linked-in. It is a tougher market to blog on there, and the crowd in more well informed and they are go getters, and professionals and it a much sharper market. All the best with that.

    Liked by 2 people

    1. I completely agree that life definitely happens and when it does you have to be resilient like you said. Colonel Sanders, founder of KFC, ran a hotel business before KFC. one day his hotel caught on fire and his hotel burned down and he was put out of business as a resulr. Another time in his life, he shot a guy in self defense and had to go through that process, but eventually at age 67, he founded KFC. this is a man who failed 10 times in businesses because life happened to him, but he kept going. Life will happen to us all, but it’s up to us to make sure we persist.

      That’s why I liked LinkedIn. It’s a different audience which I like:)

      Thank you Bella:)

      Liked by 1 person

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