Rich Dad Poor Dad by Robert Kiyosaki opened my eyes to the world of investing and business ownership. But after being introduced to a concept, how do you translate it into something that you can do? This is where mistakes can be your teacher.
Whenever you start a new skill, be it scrapbooking, diving, gardening, or investing, you are a novice. It seem ridiculous to even mention that new = novice, beginner, learning, etc. Yet beginners have to start from where they are before a new skill is mastered. As Jim Carlson said, "Everyone who got where he is had to begin from where he was." So guess what, mistakes will happen. It does not mean defeat, it means mistakes will happen. Are you encouraged yet?
Take this example: my daughter wanted a certain type of crocheted hat. She found one and brought it home. She studied it and then proceeded to copy it. Whenever there was a difference between the two, she had to take out her stitches and try again. And again, and again, until the hat she was making matched the original. That was all it took. She was able to recognize what she didn't want, and create what she did want BECAUSE of her mistakes. After that, she improved and started designing her own beautiful creations.
Maybe crocheting seems a simplified version of learning and mastering a skill compared to buying investment properties or buying precious metals. Yes, and no. It is simplified in that it took her probably 4 hours to copy her first hat. It took my husband and I a full year to buy our first cash flowing investment property. Consider where would we be if we didn't take that year in education, making offers, and tying up the property. We would be a year older and not have the property too.
Don't fear making mistakes - instead learn from them and improve yourself and your abilities.
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