Move On From Our Mistakes

by David Ning · 5 comments

do not waste time being miserable
It’s impossible to be perfect all the time. From money management to life decisions, we’ve all made many mistakes in our lives. Sometimes, we are able to learn from it; other times, the lesson isn’t so obvious. In those cases where we couldn’t figure out what went wrong, it is very important to just move on.

Perhaps one day, the lesson will come to us but learning from our mistakes is never as important as picking ourselves up from our mistakes and getting on with our lives.

It’s easy to understand the importance of living on when we realize that we are only a small part of this world and that the world revolves with or without us. If we are down when we make a big mistake, the only person that suffers is ourselves and maybe a few other people that really care about us. In the meantime, there might be other things in our lives that needed to be taken care of at the time which we didn’t bother to attend to.

Let me give you an example related to my stock account. Last year, I bought many shares of E*Trade Financial (ETFC) and it seriously tanked. If I keep complaining about it never just admit defeat and move on, I would’ve never had the chance to go from a -99.79% loss to a +9.99% gain.

While it is always important to avoid repeating the mistakes that we have made, the number one priority for us is to get out of our misery when mistake happens and live our lives. No one cares about ourselves but us, and the only way to do that is to move on.

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{ read the comments below or add one }

  • Dak Daktari says:

    We have more head-slamming frustration with their lion-sized customer-disservice stupidity. No kidding, we can’t get more than $100,000 is funds into the right accounts. Obviously our options include: 1) class action lawsuit; 2) send our attorney to the shareholders meeting; 3) thinkorswim has awesome customer service with people 24/7/365.25 and responsive within 5 minutes customer support — somehow people still invest in ETFC — obviously they don’t speak English as their primary spoken, read, understood language.

  • luz says:

    The most important thing for us to do is to recover our selves from trauma brought by our mistake from the past.

  • Frugal Dad says:

    The book Your Money or Your Life has a great line that is on theme with your post–no shame, no blame. In other words, don’t spin your wheels worrying over the past, just get about the business of improving your future.

  • Calvin says:

    I’ve made so many mistakes in the past it’s not funny. What’s weird is that the more mistakes you make, the easier it is to move on from it 😀

  • Yes, life is a journey of learning. We must learn to reflect on our mistakes and learn from it. That’s the way to perfect our skill. This is especially true when we are managing our money, we must constantly review our habit and correct those bad habit, just my 2cents.

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