Page 28 - Midas Touch

Rather than run from disaster, rich dad advised me to rebuild the company.
With my brother Jon and my friend Dave, we sifted through the wreckage
of Rippers and rebuilt the business. I learned more about business by
facing my mistakes and rebuilding the company than I ever would have

learned by running away.

I realized that I had to learn faster. Because I was lazy, I didn’t do well in
school. Today, although still a poor student and poor reader, I continually
read books and articles about business and attend seminars. Here are a few
of the things I have learned:

Inside every mistake is a gem of wisdom.
One of my best teachers, Dr. R. Buckminster Fuller, today
considered one of the world’s greatest geniuses, stated,
“Mistakes are only sins when not admitted.” Whenever I

find myself upset about a mistake, I take responsibility for
it, even though I would rather blame someone else. I then
take the time to find the gem of wisdom in that mistake.
Once I find the gem, the discovery gives me the energy to
move forward.

Blame means to “be lame.”
I often meet unsuccessful and unhappy entrepreneurs who
continually blame others for their mistakes. They don’t
learn from their mistakes nor do they grow from the
experience. What they fail to realize is that within those

mistakes is the wisdom for a more positive future. Blaming
is the worst sin of all.

Face your mistakes and admit to them.
Many people carry around their mistakes and regret having
made them. Or they pretend they never make mistakes and

then go on to repeat them. Others become criminals and lie
about their mistakes. Again, they turn a bad experience into