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Personal Finance Round-Up: Being Wrong Is Better Than Not Being Anything

By Money Crashers

businessman shrugIt sucks to be wrong. It sucks when your idea is shot down or dies after you put a lot of time and effort into it. It sucks when other people prove you wrong by doing the same thing you tried to do right. But regardless of how it feels, being wrong doesn’t have to be the end of the line.

In fact, if handled appropriately, being wrong is just the beginning. With greater risk comes greater reward. The more wrong you might be, the greater the reward if you turn out to be right! And that’s exactly what these entrepreneurs learned first hand in 5 Startup Failure Stories You Won’t Believe from the SohoOS Blog.

These guys learned very valuable lessons about business that they are now passing on to us; lessons about courage, perseverance, and even science. Whether they tried these same ideas again is unknown but I’m sure they took these lessons and moved on to greater things. It’s what you need to do when you fail.

Check out these other great articles from the week:

15 Accidentally Awesome Inventions [Business Pundit]
These successes came directly from failures. This goes to show that accidents happen and sometimes they produce awesome results!

The Overwhelming Fear of Being Wrong [Seth Godin's Blog]
It’s better to try and be wrong than do nothing at all. Sadly, that’s not how the world thinks. See these examples and learn how to try.

9 Reasons Not to Stop Yourself from Starting [Confident Writing]
“What’s the point of doing something if someone will eventually do it better?” is a surprisingly common question. Here’s why you should take action and stop asking silly questions.

Yertle the Turtle [Gail Vaz-Oxlade]
“Doormats get stepped on.” It’s as simple as that. If you lie down in front of someone, chances are that they will walk on you. If you seek change in your life, make it.

Don’t Be Short Sighted [Zen Family Habits]
On top of success and failure, life takes time to play out. You have to be able to see past today and tomorrow to achieve dreams.

A Little Known Way to Accomplish Any Financial Goal [You Have More Than You Think]
Success is not all about smarts but more about grit – getting up when others stay down and fighting when others give up.

It’s Never Too Late to Follow Your Dream [Work Goes Strong]
Success can’t happen if you never try and trying can start at any age. Many achieve success later in life because they finally realize the key is simply doing.

How to Have Everything You Want [Advanced Riskology]
Success doesn’t always come in the way you expect it to – look at all the accidental inventions out there. So stop seeking money, fame, and whatever else, and do what you’re truly passionate about.

10 Cheap Date Ideas She’ll Actually Love [The Art of Manliness]
The failure of others can pave the way for our successes. Try these ideas out whenever you strike out with the ladies.

Leadership Lessons from Dancing Guy [Derek Sivers]
You don’t have to be a pioneer or leader to create success or change. Take a look at these lessons to see why.

(photo credit: Shutterstock)

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