Born-from-the-Streets

If you want to become really wealthy (not just middle class), you need to learn practical strategies that can only come from actually doing it. Risking it. Making your hands dirty. And failing.

You don’t learn that in school. You learn that in the streets.

T.J. Watson said, “If you want to increase your success rate, double your failure rate.” I totally agree.

I’m successful today because I’ve failed so many times. And I’ve failed so many times because I’ve made so many attempts.

Look, I’m not talking about foolish, impulsive attempts. (Okay, I must admit I did those too.)

Today, I’ve learned how to fail.

Do you want to start a business?

Follow these 4 important rules of failing wisely.

• I only start with small amounts

I don’t bet the farm. I put little amounts of money. So that if it fails, I don’t cry. I consider my investment as a tuition fee for learning in the best university in the land: University of Failure.

• I only do it with coaches behind me.

I don’t do anything without mentors beside me. People who have been doing what I want to do for years.


• I stick with my expertise.

I stay within my game. I’ve got core gifts and won’t venture too far from that field.

• I only work with people of character.

I don’t work with just anybody. Through the years, I’ve learned to profile people. Obviously, I make mistakes. But I (sort of) can guess if a person is dependable or not.

And if I fail eight out of 10 attempts, I’m very happy. Because the two attempts where I succeed will far outweigh all my failures.

Here’s my complaint of schools: They’re training our kids to fear failure. Woe to the kid whose report card has a red mark. Students will try everything not to fail.

But failure is good.

Google founder Eric Schmidt said, “Fail often and fail quickly. So you can try again.” Powerful words. It’s the reason why Google is so successful. It fails in so many of its projects.

That’s one of the reasons why we homeschool our sons. We want them to fail often and fail quickly. How? We decided to immerse our kids to real life assignments. Because they realize it’s okay to fail. My 9-year-old boy started three blogs to earn money. (His blogs are about video games.) So far, he has only earned a few centavos from his Google ads. In other words, he failed. Which is good. He has realized that failure isn’t so bad. It simply tells him to try again.
My friend, fail quickly. Fail often. So you can try again.

May your dreams come true,

Bo Sanchez