How failure helps you succeed: tips from billionaires

Make mistakes and learn

The biggest falls and the steepest ups go to the most successful. Rich people know what crash is and the notorious "who flies too high, he falls low."

Great people reach heights because they see mistakes and weaknesses and know how to deal with them. I became convinced that people who managed to overcome huge difficulties get more. And with such people I prefer to surround myself.

Ray Dalio billionaire founder of the largest hedge fund Bridgewater Associates

American lawyer Charles Munger (Charlie Munger), included in the Forbes list, is confident that it is impossible to lead a normal life without failure. The meaning of life is precisely to learn how to cope with them. And it is the inability to adequately respond to failure that breaks fate.

George Soros, an American trader and investor, calls heroes those who are able to admit their own mistakes. It's not a shame to be wrong. It's a shame not to draw conclusions from mistakes, because they lead to success.

Turn pain into pleasure

Why do so many give in to trouble? Because it's easier and safer that way.

The pain you feel when you analyze failure is what I call the pain of growing. It accompanies personal growth. No pain, no share.

Ray Dalio

Most prefer to give up after a few tries. "I'm too weak, I can't do it, it's hard for me." But actually, it's okay to be afraid. It’s human nature that it’s easier for us to focus on short-term pleasure than to think about what will bring benefits and joy in the future.

If something hurts, then there is an active growth process. At least this principle works with sports. Success lies in the ability to set the bar and the desire to jump over your head in order to become stronger. If you are constantly in your comfort zone, there will be no growth, since there has been a complete adaptation. Pain leads to growth, growth leads to evolution.

Push boundaries, win small victories, motivate yourself. Then push the boundaries again, motivate more and win big.

Believe it or not, billionaires, Olympic champions, politicians and circus strongmen start small.

Try to look at life from a different angle

Imagine that life is a game. Your mission is to bypass all obstacles and achieve your goals. As you play, you learn, gain experience, and get better.

Think of obstacles and failures in life as opportunities to learn new things. When you get used to easily bypassing the traps of fate, you will be surprised to realize that you can do anything.