The Psychology of Success: Being Willing to Fail to Succeed

[Brian Walters]

I heard an interesting non-real estate specific quote the other day.  In order to be truly successful you need to willing to risk everything and fail.

For those that have been significantly successful in real estate investing, or any other venture, what are your thoughts on this?

I'm married with 2 kids, and they are my top priority.  I like to think that I'm self aware and the psychology around failing isn't what bothers me.  No issues with trying something, failing and trying again.  What I can't get past is monetarily taking significant risk because that will impact my family.  Can't put them at risk because of a decision or risk I have taken.

This is making it harder to pull that trigger on a first investment.  Need to cash flow or at least break even from the start (not the easiest thing in the Las Vegas market) in order to not having this impact my family in any way as this is my goal as a way to make a better life for our family as well as help others.

Looking for any advice anyone is willing to give.  Thank you