Mistakes Are Beautiful Things

tip-o-the-morning

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Self-made success is built upon a mountain of mistakes. The more mistakes, the higher your mountain, the greater your success and the more money you’ll ultimately make.

In my Rich Habits study, I stumbled onto something I thought was counter-intuitive. The self-made millionaires in my study acknowledged that they had made a lot of mistakes over the years. Those mistakes set them back and cost them an enormous amount of time and money. Yet, they said those costly mistakes were the reason why they became rich.

Mistakes helped them figure out what to do and what not to do. This is school of hard knocks stuff. The school of hard knocks is the hard, costly way to wealth. The mistakes you make are painful and agonizing. They cost you precious time and money. But, they stick. They are like railroad tracks on the brain. You never forget them and you never repeat them.

Probably the poster child for mistakes leading to success is Thomas Edison, who made thousands of mistakes that eventually led to the invention of the incandescent light bulb. But today, we are witnessing in real time another future poster child for mistakes leading to success, Elon Musk.

Musk is the CEO of SpaceX and Tesla Motors. Musk’s mistakes, in the early stages of those two companies, were so numerous and so costly that they took him to the very brink of personal bankruptcy. At one point, Musk was literally one event away from bankruptcy. At the end of 2008, Musk and all of his companies were on the verge of outright bankruptcy. His Falcon 1 rocket had failed to reach orbit for the third time in early August, 2008. Everything hinged on a fourth flight in September, 28 2008. If it too failed, it was over. Only it didn’t fail. The first privately built rocket attained orbit. Musk was able to cobble together enough money to get them through the end of December, 2008. On December 28, 2008 NASA awarded SpaceX with a $1.6 billion contract. Today, Musk is estimated to be worth $10 billion.

Spectators, or those who are averse to risk, make very few mistakes in life. Most people are spectators, watching and criticizing the courageous who try. Those who refuse to be spectators in life, make many mistakes. But those mistakes lead to growth and growth leads to success and success leads to wealth.

Wealth is the reward for taking action, making mistakes, pivoting to change what you are doing, and persisting until you succeed. Mistakes are part of the get rich process. Mistakes, in fact, are beautiful things.

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Thomas C. Corley About Thomas C. Corley

Tom Corley understands the difference between being rich and poor: at age nine, his family went from being multi-millionaires to broke in just one night, due to a catastrophic fire that destroyed his Dad's thriving business. For fourteen years they struggled with poverty. There were eleven in Tom's family, and they lived in constant fear of losing their home.

Driven by the desire to unlock the secrets to success and failure, Tom spent five years studying the daily activities of 233 rich people and 128 poor people. He discovered there was an immense difference between the habits of the rich and the poor. During his research he identified over 300 daily activities that separated the “haves” from the “have nots.” Tom decided to write a book to share what he learned. That book, Rich Habits: The Daily Success Habits of Wealthy Individuals (1st Edition), went on to become an Amazon Bestseller in the United States forty times over a three year period. To give you some perspective, in order to be a true Amazon Bestseller in the United States, where you actually receive a specific Bestseller designation from Amazon, you need to be in the top 100 of all books sold by Amazon in the United States in a given day. Rich Habits did that for nearly thirty straight days, rising as high as #7, eclipsing such Bestselling authors such as Stephen Covey, Robert Kiyosaki and J.K. Rowlings. Imagine that - an unknown, first-time, self-published author selling more books than J.K. Rowlings!

Tom now travels the world, sharing his Rich Habits and motivating audiences at industry conferences, corporate events, universities, multi-level marketing group events, and global sales organizations’ presentations and finance conferences. He has even spoken on the same stage with famous entrepreneurs and personal development experts, such as Sir Richard Branson, Robin Sharma, Dr. Daniel Amen, and many others.

Tom has shared his insights on various national and international network, cable, and Internet television programs such as CBS Evening News, NBC News, Yahoo Financially Fit, Money.com, India TV, News.com Australia, and a host of others. He has been interviewed on many prestigious nationally syndicated radio shows, including the Dave Ramsey Show, Marketplace Money, and WABC.

Tom has been featured in numerous print magazines—such as Money magazine, Inc. Magazine, SUCCESS Magazine, Entrepreneur magazine, Fast Company magazine, More magazine, Epoca Magazine (Brazil’s largest weekly) and Kiplinger’s Personal Finance magazine—and various online publications, including USA Today, CNN, MSN Money, SUCCESS.com, Inc.com, and the Huffington Post. Tom is a frequent contributor to Business Insider, Credit.com, Bankrate.com and a few other media outlets.

National publicity has garnered international media attention for Tom and his Rich Habits research spanning 23 countries. Broadcast media, online publications, and television throughout Asia, the South Pacific, Europe, the United Kingdom, and Central and South America have shared his powerful message.

In an effort to help parents, grandparents, teachers and adults become success mentors to the younger generation, Tom released his second book, Rich Kids: How to Raise Our Children to be Happy and Successful in Life in 2014. This book was the self-help category winner of the 2015 New York Book Festival and Runner-up in the prestigious 2015 Writer’s Digest Self-Published Book Awards Contest. In 2016 Tom released his third book, Change Your Habits, Change Your Life. This book provides the latest science on habit change as well as more of Tom's unique research on the specific habits that helped transform 177 ordinary individuals into self-made millionaires.

Besides being an author, Tom is also a CPA, CFP, and hold a master’s degree in taxation. As president of Cerefice and Company, CPAs, Tom heads one of the premier financial firms in New Jersey.
 
Phone Number: 732-382-3800 Ext. 103.
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