If You Want To Make Money, You've Got To Learn To Lose It

Published by on March 22, 2009

Looking at this economy, I don’t think it’s ever more evident today that to really make money, you have got to 1) spend it and 2) more importantly, learn how to lose money. This past year, Warren Buffet lost 30% of his estate, but is his response to reel everything in? No.

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Reduce The Fear If You Want To Get Rich

Everyone is so scared of losing money and making any risk that they become paralyzed. What if housing prices continue to go down? What if the stock market never recovers?

These are valid questions, but if you look back at this economy and the situations we have infront of us today, do you think you’re going to be kicking yourself or kicking back?

Now is the time to invest money, now is the time to take chances, and now is the time to LOSE.

Losing Money Is As Important As Making It

In every business, you are going to win on some deals, and you are going to lose on some deals. Until you’ve experienced the losses, you don’t know how to plan from them. So in your business, or personal life, learn from your mistakes, and don’t make them again.

But until you make those mistakes, you have to be willing to take risks, and to lose money, but never lose confidence. Just because somebody got the better of you, or you sold for too little money, don’t lose faith, there’s always tomorrow, and there’s always another opportunity.

For those of your considering starting a business or considering growing your business, don’t lose faith, and don’t get paralyzed by the fear. Go with what your gut says, and work your ass off and you’ll get everything you’ve always dreamed of.