Why Its Ok To Make Financial Mistakes
b"https://www.youtube.com/watch?v=L8fCkR1L_7M\\n\\n\\n\\n\\n\\n\\n\\n\\nIn society we are taught that making financial mistakes is stupid and if you make financial mistakes you must be dumb, but this is completely untrue. It's ok to make financial mistakes and financial mistakes are some of the best ways to learn and grow your wealth.\\n\\n\\n\\n0:00 - Introduction\\n0:22 - Robert Kiyosaki lost $100,000 of his dad's money\\n2:31 - We are taught that finances are logical\\n3:23 - We aren't taught about money in school\\n4:30 - We shy away from talking about our financial mistakes, but they can be our best opportunities for learning\\n5:50 - It's ok to make financial mistakes\\n6:40 - Don't make yourself feel stupid for your financial mistakes\\n8:00 - If you're not making mistakes are you pushing yourself hard enough?\\n8:30 - One of my biggest financial mistakes and what I learned\\n10:36 - The emotions of mistakes accelerate our learning\\n12:20 - Realise mistakes WILL happen, it doesn't make you stupid\\n\\n\\n\\nFake by Robert Kiyosaki\\n\\n\\n\\nRecommended Videos:\\n\\n\\n\\nI Lost Thousands in Cryptocurrency\\n\\n\\n\\nTranscription:\\n\\n\\n\\nin society were taught that making financial mistakes is stupid and if you make financial mistakes well you must be done but that is completely untrue in this episode I want to talk about why it's okay to make financial mistakes and why financial mistakes can be a big part of your learning journey towards growing your wealth I've recently been reading the book fake by Robert Kiyosaki and in that book he shares something that he hasn't shared in any of his other books and I've read almost every single Robert Kiyosaki book that has been published and he talks about back in the day when he started his nylon velcro wallet business he was having a lot of trouble with that business basically he was going out of business and he went to his rich dad to ask for money his rich dad wouldn't give him the money so he went to his poor dad and his poor dad loaned him a hundred thousand dollars he then took that hundred thousand dollars to his CFO or chief financial officer at the company and said will this money fix our problem and the chief financial officer said yes it will and Robert then goes on to say that I think it was a week later the chief financial officer left the company and took the hundred thousand with him so the hundred thousand was used to pay back the debt that the financial officer had put into the company and then Robert was left a hundred thousand dollars in debt to his father and was in a situation where he didn't want to declare bankruptcy because that was a loan against his father's house so if he was to declare bankruptcy then his father would lose the house and it took him ten years he said to pay off that hundred thousand dollars so Robert Kiyosaki author of Rich Dad Poor Dad has made some significant mistakes in his life significant financial mistakes and he goes on to say that that was not the biggest financial mistake that he has made either and that financial mistakes are a massive part of learning I've just come back from the Sunshine Coast filming a lot of educational content up there with Ben Everingham from pumped on property staff looking at property stuff talking about the hard stuff that's going on in our lives as well as some more personal videos that I did by myself talking about my financial mistakes talking about the advice that I didn't take and the mistakes that I made and I've come to realize that we are taught in society that if you make these mistakes you must be stupid because obviously finances are so simple and so logical if that was actually true everybody would be rich it was actually true that it was really easy finances were really easy then everyone would be rich maybe this has come about in society because we often just look at finances as something that is purely logical and we as humans are emotional creatures and we act emotionally and so I guess maybe it's perceived that if you've made financial mistakes you haven't adh..."