The Millionaire Secrets

Failure is the mother of all successes. Have you ever heard of this statement? I bet you do. There are some truth to this statement. As for me, I totally agree that failure is the thing that will bring you the success that you are looking for.

Let me share one real-life story with you. This guy, a very successful guy, he turned failure into success. In other words, it is the failure that brings him the success. Without going through all the failures in his life, it is impossible for him to be in today’s status.

Take the irrepressible real estate tycoon, Donald Trump (host of ‘The Apprentice’) as an example. Trump lost his entire fortune when property prices crashed in the early 1990s during a recession and he ended up $935 million in debt. Down, but not out, Trump hauled himself up from the pits to triumphantly make a $3.7 billion fortune, all within ten years!

Why didn’t such a crushing failure crush him completely? Because wily Trump of ‘The Art of The Deal’ fame, knew that he may have lost everything physically, but his true wealth did not lie in what he has stashed in his bank, it lay in his mind. It was his way of thinking and his financial intelligence that was worth billions, and that is what continues to make him a genius in negotiating the best deals. Of course he does not always win, but with his multi-million dollar mindset, the comeback is inevitable.

Can you see it now, if it is not for all the failures that Donald Trump faced in his life, he will not achieve the results he had today. It is because of the failures that had happened on him that transform him into a billionaire. (How Failure Can Make You A Billionaire)

What about Michael Jordan? Do you think Michael was born talented in playing basketball? Not at all. In fact, he is the one that failed the most in basketball, and that is why he is the best!

“I’ve missed more than 9000 shots. I’ve lost almost 300 games. I’ve failed & over again in my life. And that is why i succeeded.” Michael Jordan

It Is The Failure That Will Bring You To Success

Often, if you are trying to achieve something in your life, you will not be able to achieve it the first time. Just like if you want to be a millionaire, you are trying hard to make more money from internet marketing, most people will not achieve it on the first time. Most people fail in their first attempt.

However, if you keep on and never give up, you will come across the right strategies of achieving what you want, and that is why people say that failure is the mother of all successes. Think about it, there must be a time in your life that you have faced failure before. Have you ever came across a moment where you failed to achieve something, but in the end it leads to other better results?

Here is another great inspiring real-life story for you:

Another great example that never fails to inspire me about turning crushing failure into resounding success is the story of Steve Jobs, the founder and current CEO of Apple Computers. Steve co-founded Apple at the age of 21 in 1976. Within four years, the company was listed on the stock exchange and Steve was worth $217 million at the age of 25.

As Apple continued its phenomenal growth, it was decided that professional management had to be hired to run the huge organization. So in 1983, Steve hired John Scully to be the CEO. However, within two years, the CEO and directors at Apple could not get along with Steve Jobs (he was known to be an erratic and emotional manager) and stripped him of all his duties, forcing him to resign from the very company he founded in failure and disgrace. To make things worse, Apple sued Steve for neglecting his duties.

While those in the business world wrote him off, Steve when possessed the millionaire mindset, took it as a huge learning experience and took the proactive action of starting a new and better company called NeXT computers. He believed that he could develop a range of hardware and software that would be even better than that at Apple. Did he succeed? Undaunted, he again took the feedback and went on to found Pixar Animation Studios, which became a huge success in creating the first breakthrough fully digitally animated movie ‘Toy Story’.

In the meantime, Apple Computer was on the verge of bankruptcy in 1995 after suffering from internal mismanagement and lack of new product innovation. The company was making losses of $800 million to $1 billion a year and its share price dropped from a high of $18 to $3.80. Believing that he could save Apple, Steve Jobs agreed to return as CEO for a nominal pay of $1 (he was doing it purely for the passion… millionaire habit 5). When Steve took over, he fired all the unproductive executives and spearheaded the launch of revolutionary products like the iMac, iPod and iTunes.

The revolutionary operating system (OS) he developed at NeXT was then evolved into the highly popular Mac OS X. As a result of these successful products, Apple turned its $1 billion loss into $1.3 billion in profits by 2005. Its share price rose from $3.80 to a high of $75! Looking back, Steve realized that if he never got fired from Apple, he would never have founded NeXT and Pixar Animation. If not for Pixar, he would not have become a pioneer in digital animation and if not for NeXT software he developed, Apple would never have the Mac OS X operating system that has made Apple a huge success today.

It is for this reason that many millionaires believe that ‘everything happens for a reason’ and that ‘adversity is often opportunity in disguise’ provided you learn from your experience and continue to take consistent action!

So you see, it is the bad events that brought Steve Jobs to what he was today! Now, I don’t know about you, but for me, everything happen, happen for a reason. If you are not looking for success-related topic, you will never be reading this post of mine right now. If you are not committed to success, you will never read until this point.

Even if there is something bad that happened on you, there must be a reason. If you fail to make more money in your business, take it as a challenge, a challenge given from god, to test how strong your business is. And if you pass the test, the rewards are great. Therefore, take life as a challenge. There are a lot of ups and downs in life, learn how to cope with them and you can achieve much more in your life.

Remember, everything happens for a reason. The point here is, you cannot control some of the thing that is going to happen on you. For example, the down-turn of economy, however, you can choose to give the meaning of what the event means to you.

Event + Response = Outcome

This is one of the most powerful life formula taught by Jack Canfield (The author for Chicken Soup for The Soul). What happened to you is not important, the most important thing is how you choose to react. Just like if you fail in your examination, you can choose to think that it is your teacher’s fault or you can choose to think that it is because you are lazy and did not do your revision.

The response you choose will determine your life, not the event that is happening to you. The best example I can give is Oprah Winfrey, you can read more about her in my blog, The Oprah Winfrey Success Story.

As you know, we cannot control some of the events that is happening onto us, but we can choose the meaning that we are going to give. You must understand that it is what you choose to react that is going to affect your life, not what is happening on you. I have a post for this, read more about it here, Event + Response = Outcome.

I hope that this post is going to inspire you to take more action. Remember, failure is not the end, it is just the beginning of your journey!