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May 5, 2025 19 mins

In this episode, we transform the perception of failure and introduce a powerful framework to turn setbacks into stepping stones. Learn how to redefine failure as feedback, acknowledge and investigate the root causes, extract valuable lessons, understand the bigger picture, realign your goals, and evolve into your next-level self. Don't miss practical tips and inspiring insights to elevate your personal and professional growth. Subscribe for weekly strategies to nurture your development and live a life of purpose, joy, and confidence.
00:00 Introduction to Investor Evolution
00:21 Redefining Failure
00:54 Personal Story of Setback
01:47 Introducing the Failure Framework
02:26 Breaking Down the Failure Framework
02:57 Feedback: The First Step
06:27 Acknowledging Setbacks
08:20 Investigating Root Causes
11:09 Learning from Experiences
12:27 Understanding the Bigger Picture
14:14 Realigning with Your Vision
15:25 Evolving Through Failure
16:12 Recap and Call to Action
18:22 Final Thoughts and Encouragement

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Disclaimer: I am not a CPA, attorney, insurance/real estate agent, contractor, lender, or financial advisor. The content in these videos shall not be construed as tax, legal, financial advice, or other and may be outdated or inaccurate; it is your responsibility to verify all information yourself. This is a podcast for entertainment purposes ONLY.

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Transcript

Episode Transcript

Available transcripts are automatically generated. Complete accuracy is not guaranteed.
(00:00):
Welcome to investor evolution,elevate.

(00:03):
Whether you're looking to createfinancial freedom, reclaim your
time, or find harmony whileyou're thriving in your career,
this show is for you.
Join me each week as we uncoverstrategies to nurture your
personal development and elevateyour life to new heights.
So you can live with purpose,joy, and confidence.
What comes to mind when you hearthe word failure?

(00:25):
For most of us, it's a gutpunch.
It feels heavy, maybeembarrassing, final.
But today I want us to flip thescript.
It's not failure that stops mostpeople.
It's the fear of failure.
What if the failure you'retrying to avoid, is the exact

(00:46):
thing that's meant to grow you,to stretch you and elevate you
into your next season.
I want to share with you thatthis past week was a little
bittersweet.
We, I had been working with, agroup as a general partner for a
fund, and over the past sixmonths I was involved.

(01:08):
Over the past year they had beenworking towards building this
fund and it just wasn't working.
And in this past week, wedecided to take a break.
To lay it aside, we, each of ushad been working on some other
different things, and it justfelt like it was the right time.
And when I think about thatbusiness that could have boomed,

(01:35):
it didn't.
And the thought of failure hascome into my mind quite a bit
this past week, and so I've beenthinking about failure and what
it really means.
And I found a really coolframework to help refocus our
view of failure and to use it asa growth exercise.

(01:57):
And so we are going to rollthrough that today, and
hopefully this helps you as youkeep moving forward in your
business.
And things happen, things don'tgo the way that you want.
You have a framework to evaluateit and see the lessons that you
need to learn from it and how tomove forward from it.

(02:18):
So today we're gonna talk aboutthe failure framework and how to
turn setbacks into steppingstones.
So let's get started.
We are gonna break down eachletter.
We're gonna create an acronym.
I did not make this up.
I found it online, uh, but Ithought it was really good and
it's a great exercise to help ususe, our setbacks really as

(02:44):
setups or stepping stones tomove us forward.
And when we look at them thatway, it's going to help us move
to the next step.
So we're gonna break it down.
Letter by letter F, failure.
And this can be feedback aswell, but failure is feedback.
It's not final.

(03:05):
So, when we define failure, wecan, we can say it's unmet
expectations.
We can say it's an outcome thatdidn't go as planned, but it
doesn't have to be somethingfinal.
And I think a lot of us, when weinitially think of failing, we

(03:25):
feel like it's the end.
It's over.
We have to figure out somethingbrand new.
But a lot of times it may end upbeing a pivot and it may be a
refocus.
So it's not that it's the end ofeverything, it's just things
didn't go the way we expectedand we need to shift.

(03:47):
The other thing we want toremember is failure is normal.
We all fail in a lot ofdifferent ways, in a lot of
different things.
Everyone fails.
Edison failed 10,000 timesbefore he created the light
bulb.
But what we do with that failureis what's important.

(04:07):
He didn't stop, right?
He used that failure as feedbackand kept moving forward, kept
iterating, kept trying until hehad success.
You're not alone.
And failure doesn't mean you'reunqualified.
It actually means you'recourageous and you're brave.
If you're failing, it meansyou're trying.
It means you're in the arena.

(04:28):
Brene Brown has a book, DaringGreatly, and it comes from this
quote from Theodore Roosevelt.
And I want to read this quote toyou because I think it's really
powerful, It's not the criticwho counts, not the man who

(04:49):
points out how the strong manstumbles or where the doer of
deeds could have done thembetter.
The credit belongs to the manwho is actually in the arena,
whose face is marred by dust andsweat and blood who strives
valiantly.
Who errs, who comes up shortagain and again because there is

(05:10):
no effort without erring andshortcoming; but who does
actually strive to do the deeds;who knows great enthusiasms, the
great devotions; who spendshimself in a worthy cause; who
at best knows in the end thetriumph of high achievement and
who at worst, if he fails, atleast he fails while daring

(05:34):
greatly, so that his place shallnever be with those cold and
timid souls who neither knowvictory nor defeat.
And I like this quote becausethe only, if you're in the
arena, if you're the one trying,striving, erring, succeeding,
failing, moving forward, you'rethe one who gets the reward, not

(05:58):
the people sitting in the standstands saying, oh, you could
have done better or you shouldhave done, because they're,
they're not doing anything backthere.
And so being in the arena.
Getting your hands dirty,putting in the work that is
success regardless of theoutcome.
I love that quote because itreally helps us remember to keep

(06:22):
striving forward.
So that's the f in failure.
The A in failure, acknowledge wecan acknowledge what happened.
You can't heal what you can't ordon't or won't admit.
Acknowledging is about owningwhat happened without shame or
without blame.

(06:44):
You can ask yourself questions,what was my part?
What was the environment?
What did I ignore?
What could I have done better?
What could I have changed tomake this work more?
And I think about when I wentinto the TC world.
I tried my hand at TC for acouple of months, and could I do

(07:04):
it?
Yes.
Did I want to do it?
Not really.
Being able to take a moment andstepping back and ask myself.
What went well, what didn't,what do I like?
What don't I like?
How does this align with what Iam wanting to do, what I'm good
at, where my strengths are?
And just acknowledging that thiswas not a good choice for me.

(07:27):
I thought I could do it.
I could I?
Yes.
Could I do it well and withease, debatable, because it just
isn't my skillset.
It isn't my strong suit.
And that's okay.
And actually.
Knowing that helps me.
I've, I've started to eliminatethese things that I'm like,
well, I could do that.

(07:47):
Okay, I've tried.
It doesn't work for me.
I don't, I don't like it, or Idon't want to do it.
Or maybe I'm not the best personfor it.
So having these experiences andthese things that look like
failures actually is suchvaluable information, and it's
not about judgment, it's reallyabout clarity, right?

(08:08):
For me, knowing what I want todo and what I don't want to do
are super important to move meforward.
Moving on to the I in failure.
This I stands for, investigate.
Investigate the Root Cause.
Now sometimes this is aboutgoing deeper.
Was it the strategy that waswrong?

(08:30):
So when we think about our fund,what, why didn't it work?
Was it the strategy?
Was it the timing?
Was it the market?
Was it the asset class that wewere going for?
Was it the lack of support?
Was it lack of experience?
Was it limiting beliefs in ourteam, what was it?

(08:50):
And being able to think aboutthose, again, not critically and
pointing fingers at anyone, butjust observing to get an idea.
Because if we start seeingpatterns emerge, then we can
recognize what needs to shift.
I think about this, from themedical side of things.
I work in interventional painmanagement.

(09:12):
We do injections for pain,mostly back pain.
So people come in their MRI mayhave multiple different pain
generators, things that couldcause pain, but we may not know
exactly which one is the maincause or which ones are the
things that are contributing tothe pain.

(09:33):
So they may have a bulging disc,they may have, narrowing where
the nerves come out on the sidecalled neuroforaminal narrowing.
They may have arthritis in theback.
And so we may target one thingthinking this is the, this is
what's causing their pain, andif it doesn't work, it's a, it's
a good thing, not because.

(09:55):
They're still in pain, butbecause we know, okay, we've
tried that, that isn't wheretheir pain is actually coming
from, now we need to look, goback to the MRI ask them again
where their pain is, where itradiates, and figure out another
strategy.
So it's just, it's data.
It's it's, and sometimes youhave to.

(10:16):
Do a process of elimination tosay, okay, well this injection
took care of the pain comingdown your legs, but you still
have this midline back pain.
Maybe we need to do this.
So as you investigate, whenthings don't go as planned,
we're not gonna even call themfailures anymore.
We're just gonna say, whenthings don't go as planned, when

(10:36):
we start investigating anddiving deeper and asking
questions, think, what is thistrying to teach me?
What am I learning from this?
What am I gaining?
And if we do this regularly, aswe try things in our business
that don't work, and we use thisframework.

(10:56):
We're gonna start seeing thosepatterns and things that we
wouldn't see if we just switchedto a different strategy without
actually evaluating it.
Let's go to the L in failure.
Learn.
So we are going to learn thelessons.
Every experience brings wisdom.
I didn't lose.

(11:17):
I learned.
That's the whole point.
This is a growth mindset.
What do I know now, that Ididn't know before?
When we start pulling out thoselessons that we've gleaned from
these setbacks and theseso-called failures, we have
gained so much more.
We have won along the waybecause we're gaining those

(11:39):
lessons.
So I want you to think in thissection when you're starting to
think about the lessons that youlearned, I also want you to
think about what strength didthis reveal?
What skill did this sharpen?
What weakness did this expose?
I want you to start diggingdeeper.

(11:59):
It's all about asking thesequestions, and you may have to
look at it a couple of times.
It may not come when you firststart looking at it, and it's
not uncommon.
Right when hindsight's 2020, thereason for that is when you look
back, you can see the wholepicture.
When you're moving forward, youonly have what's in front of
you.

(12:20):
Sometimes failure does revealtruly how resourceful you really
are.
We're gonna move on to the"U"understand.
So understanding the biggerpicture, again, this is about
zooming out.
How might this experience serveyour larger story?

(12:41):
Sometimes failure isredirection.
Some people I've heard it said,I heard it first through Jamie
Kern Lima, and she said,rejection is God's protection.
Sometimes those closed doorsprotect us.
When I, so the job that I havenow, I applied for it a year
prior to getting it, and Iapplied for it.

(13:03):
It was an open position.
I applied for it, it was gonnabe great.
Went through the interviewprocess.
We were all on board.
And then they decided because ofsome financial issues, not to
hire for that position and I wasfrustrated at first But looking
back, had I had that job, Iwould not have been able to go

(13:24):
help my mom and stepdad when mystepdad got sick.
And then when he passed away, Iwouldn't have been able to go
for two weeks and just spendtime with my mom and my brother.
I wouldn't have been able to dothat.
And so sometimes those closeddoors are for big reasons that
you don't know until down theroad and.
Those are also good things tokeep your eye out for.

(13:48):
You may not know right away, butlater on down the road you'll be
able to look back and be like,Ooh, I am so glad that that
happened.
When you, when you see the why.
You know when you can look backand that 2020 vision is there,
even those hard things start tomake sense and you start to be
more and more grateful for thedirection that your life has

(14:10):
taken.
Okay, we're down to the R infailure.
We've got two more.
So R is realign in who you'rebecoming.
If you take what you've learnedfrom this failure and adjust
your course, this may help yourecommit to your vision, with

(14:31):
greater wisdom.
Maybe you say, I was going inthis direction and I still want
to go towards that.
But I just need to shift alittle bit, or maybe you think I
was going this way and Irealized, like for me, when I
was going down the TC path, Iwas like, oh, this is not the
road for me.
I need to be over here.
Now this realignment could be amindset shift.

(14:55):
It could be putting new systemsin place.
It could be putting upboundaries.
It could be really managing yourcalendar, knowing where you're
spending your time and energy,and making sure you're using it
to the fullest advantage, thatrealignment is not giving up.
It is getting back on track withbetter tools because you now you

(15:17):
have better insight for whereyou wanna be.
And then finally, E in failureis evolve.
This one's my favorite becausewhen you started this journey,
you were one person.
Where you got to, when thingsdidn't go as planned.
You are not the same person thatyou were when you first started.

(15:38):
You are stronger, you aresmarter, you're more aware, you
have a better insight into whereyou're going.
And when you acknowledge thatgrowth, you are evolving.
And that's the point, right?
The goal isn't to the perfectionand it isn't necessarily the
destination.

(15:58):
It really is the journey.
It's the process and theprogress.
It's about becoming who you'remeant to be, that elevated self,
that next level self.
Okay.
Let's recap a little bit becausethat was a lot to go through.
So the F and failure is failureand failure is feedback.

(16:20):
A acknowledge.
We're gonna acknowledge whathappened.
I is investigate.
We we're going to investigatethe root causes.
L we're gonna learn.
We are gonna learn thoselessons.
U understand.
We're gonna understand thebigger picture.
R is realign.

(16:41):
We are gonna realign with who weare becoming.
And E is evolve.
You've heard the framework, nowit's time to put this into
practice.
So this can be a powerfulmindset reset ritual that I
invite you to use when you havea setback, when you have a

(17:02):
failure, when you have thingsthat don't go as planned.
Use this to reflect and to applyto whatever's going on in your
world.
A challenge you can do thisweek.
Maybe it's been a while sinceyou've had a setback.
Maybe you've gone throughsomething recently and you just
moved on.
I want you to take a moment thisweek and run through this and

(17:25):
think about an area where youfeel like you have failed, and I
want you to walk through thisfailure framework.
What happened?
What did you learn?
Where can you realign and whoare you becoming because of this
process?
And the last thing I want you todo is go back and look through
the things that you've writtendown, and I want you to write

(17:46):
down three empowering truths toreplace the fear of failure.
When you realize how strong youare, the things that you've gone
through and what you've learnedfrom it, you realize you are so
much stronger.
Than you think.
You have got so much resiliencybuilt into you, you just need to

(18:07):
tap into it and find it.
So write down three empoweringtruths, things that you can pull
out when you're going throughit, that will help encourage you
to keep going and to use thatresourcefulness and that
resiliency.
And finally.
Just remember, failure isn't theend of the story.
It's part of how you are writinga more powerful story for you.

(18:30):
It's better to pause and pivotand move forward in the right
direction than it is to keeprunning full steam in the wrong
one.
So it's okay to take that timeto pause, to reflect and use
that failure as feedbackframework to make the
adjustments that you need.
Thank you for tuning in today.
Please subscribe to the podcastso you know when the new

(18:53):
episodes are coming out, andshare this episode with someone
who may need this encouragementright now.
If you know someone who's goingthrough it and needs a little
encouragement, send this onealong.
All right, everyone, until nexttime, have a great one.
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