Today I want to continue the conversation on failure. What happens when you do fail? What if at first you don't succeed?

I'm going to keep this focused on real estate, but it really applies to anything in life. If you don't continue trying, you'll never succeed. Very few people are successful right off the bat.

Think back to the first time you tried to ride a bike. You fell! But you didn't stop there; you got back on that bike and tried again. As a kid, there's no ego involved in failure. You weren't embarrassed that you failed, and you got back up there because you really wanted to ride a bike!

This podcast and many podcasts like it basically give you the bicycle. All we're saying is sit on it and pedal. If you don't succeed right out of the gate, you're perfectly normal. Try again.

Now, failing in real estate should not mean losing thousands of dollars. I lost money on my first deal. I failed. I could have stopped there and never done it again, but I got back out there and made good money on my second deal!

So if you don't succeed on your first deal, you're in good company. I know tons of very successful investors who lost money on their first deal, but they learned from it and kept going. Get those first little failures out of the way quickly so you can move on to success.