Failure is part of life

Source: Your First Million: Making It In Stocks  – DR MICHAEL LEONG

When I was in university, I failed one of the exams for the first time in my life. It was a most depressing time as I had never failed before. I did not know how to recover from this episode. For the next six months, I struggled to get myself out of this state of mind. Fortunately for me, I managed to overcome this set back and worked much harder from thence onwards. I managed to overcome the stigma of failure.

I realised later that failure is really a part of life and all of us will face failure sooner or later as life is not a bed of roses. If we have not experienced failure in our academic life, it does not mean that we will not meet failure in our work life.

Most parents would not want their kids to fail any of their exams. I am different. I think it is important for parents to let their kids fail at least once in their academic career. This way, we are with them when they fail and we can then nurse them back to health. Even more important, we can teach our children how to recover from a failure and become stronger.

As adults, we have all been through failures. We know how difficult it is to handle failures, yet, we want to shield our kids from failures. Handling success is easy. Handling failure is very difficult. As parents we should try to teach our children how to handle the most difficult things in life and handling failure must be at the top of our priority list.

I have seen students who excel during their early school days and then fail one of their subjects in university. Some of them never recover from this setback. What was once a shining star dimmed in adulthood because they could not handle failure. I do not want to see this happen to my kids and this is why I hope that they too will experience failure when they are younger, when I am still around to guide them in this journey of life.

It is only with failure that we can truly appreciate success.

Your first million making it in stocks


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