Ep 402: How To Fail, With Amy Edmondson

Published: Dec. 20, 2023, 7 a.m.

\u201cMove fast and break things.\u201d\nThat was Mark Zuckerburg\u2019s now-famous early motto for Facebook. Fast forward to today, many budding startup founders have come to live by this idea \u2014 that if you\u2019re not getting messy and failing often, you\u2019re not making progress \u2014 and you\u2019re definitely not creating the next Facebook. Recently though there\u2019s been some backlash to this startup culture mentality (Ahem, the FTX scandal.)\nBut where\u2019s the balance? How can we encourage creativity and innovation and at the same time not move so fast that we harm others and look completely careless? Amy C. Edmondson, author of Right Kind of Wrong: The Art of Failing Well, explains the difference between \u201cbad failure\u201d and something she says we all should be seeking out in our day-to-day lives \u2014 \u201cgood failure.\u201d\xa0\n\nIn Mailbag, we hear from a listener who asks how to politely deal with a parent who insists on buying her gifts for the holidays, and we hear from someone who just filed for bankruptcy and is wondering what they should prioritize paying off first. For our money tip of the week, Costco recently started selling gold bars (that\u2019s right, real gold bars) and can\u2019t seem to keep them in stock. Should you buy one?\xa0\nJoin us! Snag all the latest episodes, savvy budgeting tips, investing advice, and even giveaways via the HerMoney Newsletter at Hermoney.com/subscribe!\n\nThe HerMoney with Jean Chatzky podcast is sponsored by Edelman Financial Engines. The podcast team and its host are neither employees nor clients of EFE, however, the show does receive fixed compensation and is a paid endorser and therefore has an incentive to endorse EFE and its planners. To learn more about the sponsorship, please visit PlanEFE.com/HerMoney.\nPlease contact advertising@airwavemedia.com if you would like to advertise on our podcast, and to learn more about Airwave, head to www.airwavemedia.com.\nLearn more about your ad choices. Visit megaphone.fm/adchoices