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Mistakes are the only way to build wealth

Jun 10, 2021

The biggest hang-up I've had on my life journey is myself. It is by far the most difficult thing I struggle with. You might be the same, but what do I mean when I am my own struggle. It's the internal battle I have with the desire for PERFECTION.

I have struggled my entire life with trying to be perfect. I'm sure it is a combination of how I was raised, my culture, my temperament, my perspective on the world, my insecurity, and probably a lot more. I still struggle with this on a daily basis, but at least now I realize there isn't a way to avoid mistakes (as much as I would like to). When I came to grips with the fact that mistakes are inevitable, I created the phrase "course correct" in my coaching and use it constantly now. Because of the hundreds of people I have coached, I know it isn't just me who struggles with this. Many people feel guilty and full of shame when it comes to money.

People who are good with money don't become wealthy because they make perfect choices all of the time and never make a mistake. They just have an accurate view of their mistakes. In this video, I address one of the biggest hindrances to wealth-building...trying to be perfect and make "right" decisions.

If you are someone like me who gets stuck in the rut of guilt and shame when it comes to the decisions we make, we need to understand that mistakes, not perfection is how we win with money and in life. I didn't understand this concept before and it harmed me for decades. If we can learn that making mistakes, then "course correcting" is the only way to move forward, we'll put ourselves in a better position to win with money.

When my clients struggle with this, I repeatedly say "it's okay", no matter where they are because they need to show themselves grace, but they can't show themselves grace if they don't know what that looks like. So I help give permission, in fact, I help them not just give permission, but EMBRACE their mistakes and then we find a way to course correct to improve our situation.

I find this is very difficult to do on our own because of 2 main reasons. 

  1. We are our worst critic - we are harder on ourselves than anyone can be on us 
  2. We don't have someone to help pull us out of the "pit of despair"

That's why it's important to acknowledge mistakes are a part of life, are normal for us, and it's okay. In fact, it's good. Then, we can allow others into our lives to share in this journey. Let's make our mistakes together! Check out my online community where we go through life together, celebrate our wins as well as our mistakes, because that is where progress lives. https://www.sentinelcoaching.com/coaching