Blog | Entrepreneurship

Learning from Mistakes

Read time ...

meet your own rich dad - start your quiz now

In school we are taught that making mistakes are bad. Whether it’s from the teacher, adults or other kids who laugh when another makes a mistake, many kids grow up to believe this is a bad thing and tend not to learn from them.

Having the awareness to learn from our mistakes is one of the biggest keys to succeeding. I make mistakes all the time and yes, sometimes they suck, but I know that I can learn a lot not only to improve my business but also my health, wealth and happiness.

Some great questions to ask yourself when you make a mistake are: 

  1. What did I do or what happened to make the mistake?
  2. What did I learn from it?
    - Is it a belief or something I get to clear?
  3. What could I do differently next time?
    - What are other options, solutions, etc?
  4. What did I do well?

I like to add the question of, “What did I do well?” because there is always something that was done well and should be acknowledged. This makes the mistake a lot easier to correct and move forward on.

Don’t be afraid to make mistakes, they provide the best learning and growth opportunities. And being able to learn from them increases your Emotional IQ so when the next mistake is made, you can glide through it with ease and grace, or at least the emotional upset doesn’t get in the way of the psyche.

Original publish date: November 07, 2012

Recent Posts

7 Reasons to Generate Passive Income With Stocks
Paper Assets

7 Reasons to Generate Passive Income With Stocks

Here at Rich Dad, we focus on understand the difference between cash flow and capital gains. Why?

Read the full post
Passive Income vs Earned Income
Personal Finance

Passive Income vs Earned Income: Not Created Equal

Here's why passive income is better than ordinary income, and how to begin turning ordinary income into passive income through your business.

Read the full post
How to Spend Your Tax Refund
Personal Finance

How to Spend Your Tax Refund: Five Rich Dad Ways to Do It

A tax refund is a bigger chunk of cash than the average person will have on hand to spend at a given time during the year.

Read the full post