The Truth About Failures

The Truth About Failures
By Amit Grewal

Failure is a situation when we are unable to reach our goals. We all fail some where in our life , but this is not " be all and end all". We all know that "failures are the pillars of success".So we should not be afraid of failures.Instead we should move forward learning something from our failures.

We should know how to handle failures because how you handle failure determines your levels of success and happiness in life. Successful business owners and high achievers have failed many more times than those who remain average because they were willing to move through and learn from each failure. With failure comes experience. With experience comes wisdom, character and strength. You must know failure in order to recognize success.

Failure doesn't mean you are a failure,
it does mean you haven't succeeded yet.

Failure doesn't mean you have accomplished nothing,
it does mean you have learned something.

Failure doesn't mean you have been a fool,
it does mean you had a lot of faith.

Failure doesn't mean you have been disgraced,
it does mean you were willing to try.

Failure doesn't mean you don't have it,
it does mean you have to do something in a different way.

Failure doesn't mean you are inferior,
it does mean you are not perfect.

Failure doesn't mean you've wasted your life,
it does mean you've a reason to start afresh.

Failure doesn't mean you should give up,
it does mean you should try harder.

Failure doesn't mean you'll never make it,
it does mean it will take a little longer.

Failure doesn't mean God has abandoned you,
it does mean God has a better idea!

Millionaire Habit 7: Be 100% Committed

There is a very big difference between wanting to become a millionaire and being 100% committed to becoming a millionaire.

When you merely want, wish or hope to achieve a goal, it will rarely ever happen. Think about it. Everybody wants to be financially fre-e, but very few ever make it happen.

Studies after studies have shown that people who achieve phenomenal success and wealth did not just want it, they were 100% committed to achieving it. When you are 100% committed to a goal, it is no longer a wish, a hope or a want...it becomes an absolute MUST.

You see, when something becomes an absolute MUST to you, it gets you to operate from a totally different frame of mind. When something is a MUST, it will become your number one priority and nothing will ever come in its way until that goal is accomplished.

When something is a MUST, you will do whatever it takes to get it (within limits of integrity of course)! Even if it means stretching way beyond your comfort zone and investing time, energy or money, you will do whatever it takes.

I believe that when you are willing to do whatever it takes to get something, you will ALWAYS find a way. And if you cannot find a way, you will make a way.

For example, when George Lucas (millionaire at 28 and creator of Star Wars) wanted to revolutionize film making by creating the special effects required for the space battle scenes for Star Wars, the technology did not exist.

Everybody told him that what he wanted to do couldn't be done. Instead of accepting the comfort of reality, his total commitment to making his dream come true was to set up his own company, Industrial Light and Magic (ILM) to create the special effects required for his own movie.

You see, when something is a 'must', anything can be achieved. At the same time, when you make financial fre-edom and security a must for you and not just a wish, you will achieve it. When something is a must, our brain gets us to tap our fullest potential to make it happen.

The trouble is that becoming financially abundant is rarely a must for most people. It is merely a wish. However, it is always a must to survive...and that it why most people merely survive.

So once again, to achieve all your financial goals, you have to make it a must for yourself. How do you make something a 'must'?

The answer is by putting yourself on the line. When you put yourself in situation where you give yourself no choice BUT to succeed, you very often will.

If you study the life stories of millionaire history makers, many of them came to a point in their lives where they put themselves on the line and staked everything they had.

And because they had NO CHOICE but to succeed, they often did it against insurmountable odds.

So do whatever it takes, make success and achieving your goals a MUST and I will guarantee that your wealth will multiply many-fold.

Millionaire Habit 5: Love What You Do

The most common question that people ask about getting rich is,'What is the best career or business that will make me the mostmoney?' Should I go into education? Food? Insurance? Network marketing? Healthcare? Options trading? Property? What's the best industry to be in right now?

Well, you will find that in ANY industry, there will be a minority who will be making plenty of money, while the majority will be struggling to survive.

So my answer to that question is that you can become a millionaire in ANY INDUSTRY, only if you are one of the best! If you are not one of the best, you will never become rich in ANY industry.

You CAN become a millionaire in insurance, property, options trading, children's education, pest-control, retail, food or Internet marketing ONLY when you are one of the best.

So, how do you become the best in the market? The answer is by being totally, absolutely one hundred percent committed towards your particular career or business.

All successful individuals have one thing in common. They love what they do. And because they have such an intense passion for their particular career or business, they do not distinguish work from play.

Their work is their play and vice versa. As a result, they spend every single day and every waking hour working (to them it's not work), and that is why they become so good at it that they become market leaders and experts.

Have you ever wondered why Bill Gates, the richest man in the world who is worth US$46 billion still works 18-hour days, every single day?

Why doesn't he just sit back and relax on the beach? The reason is because like all millionaires, what drives him is never really the money per se; it is the love of being at the forefront of technology.

It was his obsession of 'putting a computer in every home running Microsoft software' that made him the best in the field.

Many people have the belief that millionaires are people who are just naturally more motivated, disciplined and focused. The truth is that when anyone does something he or she loves, the motivation, focus and discipline always comes naturally.

If you find that you lack the motivation and discipline to become successful in what you do, the reason is very obvious. It is not your passion!

Think about it. Do you have a natural passion for something? Do you have a hobby? Like playing golf? Looking at beautiful women or men? Computer games? Football? Playing with children? Haven't you noticed that whenever you are doing what you love, the energy never stops?

It's like no matter how tired you are, you will always find the energy to do what you love. Well, this is the secret that will lead to your success and wealth!

You have to find something you are extremely passionate about and build your career or business around it!

When you do, you will find that you will be naturally focused, committed and energized to work at it. When you give your best to whatever you are crazy about, you will become the best!

So start asking yourself...

? 'What do I love to do'? ' What would I do even if I didn't get paid?'

? 'If I had all the money in the world, how would I spend my time?'

? 'Who are people who have made their fortunes around this passion I have?'

I guarantee you that when you start looking for them, you will find no lack of role models you can learn from. Remember, do what you love and you will never work another day in your life!

Millionaire Habit 4: Delayed Gratification

What keeps most people from becoming rich is the habit of wanting instant gratification. Instant gratification is the habit of always wanting to enjoy now and not having the patience to wait for future benefits. As a result, these people spend a lot more than they invest.

By spending on that new car, new widescreen television set or designer watch they get instant gratification.

When it comes to investing in books, seminars, stocks or insurance products, they will think twice as they have to wait for future benefits.

It is precisely for this reason that whatever money comes into their hands will soon be frittered away and not multiplied.

People who want instant gratification will always look for quick and easy ways of making money rather than building a sustainable business that adds value to (repeat) customers.

They tend to cut corners on quality and deliver shoddy products to save money and boost short term profits. As a result, their profits rarely last and they will soon go out of business.

At the same time, those who desire instant gratification lack the patience to allow their money to grow and compound through investing.

When they don't see huge sums of money in a few weeks, they abandon their investments and never get to reap the benefits. They have no patience to wait for the seeds they sow to grow into huge money trees that bear fruit.

On the other hand, all millionaires adopt the habit of 'delayed gratification.' They have the patience to wait for greater abundance in the future.

Whether in business or in investments, you must have delayed gratification in order to create massive wealth.

People with delayed gratification invest a lot more than they spend. Again, they know that by spending a dollar, they may feel good for an instant, but their future wealth will be destroyed.

When it comes to spending money, they are extremely frugal. However when it comes to investing, they do not think twice about writing a check for a few thousands dollars. They know that through patience, that money will multiply into a future fortune.

Millionaires never take shortcuts in business. They look at always giving the best value to their customers, even if it means earning less at present. They know that by building their reputation, it will lead to huge profit streams in the future.

So, develop the habit of delayed gratification - and spend wisely - and you will see your money multiply.

Millionaire Habit 3: Take 100% Responsibility

Wealth habit number three is the habit of taking responsibility for your results and wealth!

Unfortunately most people choose to adopt the victim's mindset of giving excuses, blaming and complaining.

Remember when you give excuses to yourself (i.e. no time, no luck, no capital, no ex-perience etc...) or blame others for your lack of wealth, then you are putting others and external events in control of your life!

When you are not in control, you do not have the power to change your circumstances.

Instead, millionaires take 100% responsibility for their wealth. They believe that they alone create their wealth through their strategies and actions.

As a result, they know that they have the power to change their wealth by changing their strategies and actions.

It is only when you live by this habit will you have the power to exponentially multiply your in-come and wealth.

Millionaire Habit 2: Be Proactive

In my live Wealth Academy seminars, I usually do an exercise where I get people to stand up, go to as many people as they can and introduce themselves.

From this simple activity, I can tell immediately if they exhibit this very important wealth habit.

I notice that there will always be some people who will go around introducing themselves first and getting to know as many people as they can.

These people exhibit the pattern of being proactive. People who are proactive are people who take the initiative to make things happen.

When there are no opportunities, proactive people are those that go out and find opportunities. If they cannot find any, they will create their own opportunities. When problems get in their way, proactive people will take action to solve their own problems!

On the other hand, there would always be an even larger number of people who will just stand around and wait for others to come and shake their hand.

These people exhibit the reactive mindset. People with the reactive mindset have the habit of waiting for things to happen to them. They tend to act only in reaction to others' actions.

As a result, they have a lot less control and choices over results that affect them. When no opportunities present themselves, reactive people just sit and wait for the opportunities to come to them.

They are characteristic of people who complain about everything that is happening around them and hope that something will change. When reactive people face problems, they will just wait for others to come and solve their problem.

When the Asian currency crisis hit Singapore in 1997, many companies saw their sales and profits plummet. Many business owners were reactive and just sat tight and prayed for the bad times to pass.

Instead, Ron Sim, CEO of Osim International (a company that develops luxury massage chairs) took the proactive action of entering new markets like Hong Kong and Taiwan.

As a result, his company profits were not only unaffected by the crisis but they continued to increase.

When the Asian economies recovered, over 60% of Osim's business came from outside their home country of Singapore, leading to even higher earnings growth of over 30%!

By having the proactive mindset, you put yourself in the position of power and choice. You are in command and will take action that leads to wealth and success.

However, when you act in a reactive pattern, you will find that your finances will never be within your control.

Millionaire Habit 1: Always Exceed Expectations

Those people who always exceed expectations are known as Value creators and they end up as the rich and wealthy of our society. If they are paid $3,000, they will work as if they are being paid $20,000.

If they are expected to generate $10,000 worth of profits, they will create $30,000 worth of value! They are called value creators because they create value for companies.

It is through their efforts, that the company makes more and more profits every year. As a result, their income is not considered an expense to the company, but a great investment.

Even in periods of downturns, when everyone else is getting retrenched and pay cuts, they get pay increases, bonuses and stock options.

The company knows that for every dollar they invest in them, they will return triple the value. These people are the high flyers who get promoted super fast and get their incomes doubling and tripling in a few years.

In the past, income was based mainly on seniority and loyalty. The longer you stayed, the more you were valued. In today's world, income is based entirely on the amount of value you can create.

It is not uncommon to see people who are much younger, with a lot less experience directing businesses and earning lots more than senior workers who have been with the company a lot longer.

Value creators are indispensable assets to their company! They are very hard to replace. And that is why companies will pay them more and more and offer them partnerships to retain them.

Value creators are never out of a good job. They are usually head hunted by other companies all the time, the head hunters offering to double their income if they join them.

This habit does not just apply to employees, it applies to anyone from sports stars to business owners.

When Michael Jordan was interviewed and asked how he became the world's greatest basketball player, he replied, "I expect more from myself than anyone would ever expect from me!"

When my coach expects me to train three times a week, I would train five times. When my coach expects me to score 15 points for each game, I would score 36 points! That is why I am the best in the world".

Do more than anyone expects of you and you will find the river of success flow like an never-rending stream into your life. Cultivate this habit now and you will start to see results immediately.