The Gift of Failure

During this Thanksgiving holiday, we are reminded to reflect on the bounty in our lives. Most of us have jobs, family, a place we call home and food on the table, and for these things and our ability to obtain them we should be grateful. But what about those who are struggling with financial difficulties, bad relationships, or employment problems? Do they owe any thanks for their circumstances? Can failure really be a gift in disguise? FAILURES TEACH US ABOUT PROCESS Thomas Edison tried over 9,000 designs before he created a working light bulb. A young reporter asked him how he felt after having failed 9,000 times. Edison replied, "I didn't fail - I just learned 9,000 ways how not to make a light bulb." Failure is often a clue to redirect our efforts in a different direction, and to follow a different set of plans. How many times have we learned how not to sell a product, how not to get a new job, or how not to judge a future mate? If a series of failures leads us to open our minds to new knowledge or information, or gives us the willingness to try different behaviors, then we haven't failed, we've learned how to create different results. FAILURES TEACH US ABOUT OURSELVES During the '40s, a young Jewish boy chose to forego academia in order to pursue his dream of becoming another Benny Goodman. Against his parents' wishes, he began playing in a jazz band. His musical talents were less than sterling, and soon he realized he was just another musician teetering on the brink of unemployment. Unlike many of his fellow musicians, he was able to manage the income he had, so those periods of unemployment weren't nearly as devastating for him as they were for others. His musical colleagues recognized his talent for money management, and soon they had hired him to manage their finances - for a fee. This caused the young man to rethink his career goals, and changed the course of his life. This failure's name is Alan Greenspan, Federal Reserve Chairman, who has been credited with performing an economic impossibility - sustaining long term economic growth without stimulating inflation. His failure taught him that money, rather than music, was his fort