Posts Tagged ‘failed’

“My great concern is not whether you have failed, but whether you are content with your failure.” -Abraham Lincoln

Posted: September 4, 2018 in Thought for the Day
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“The best time to plant a tree was 20 years ago. The second best time is now.” -Chinese Proverb

 

If you failed to start something yesterday, no worries, you can start today.

“People always say Thomas Edison failed at making the light bulb a thousand times in a row. He didn’t fail. He was experimenting with different filaments of wire. He was trying new ideas. And he learned every time. Again, nothing is really ‘failure’. Unless you label it that way. And give up.

I treat everything as an experiment. It helps me start something new. And it helps me prevent getting stuck in the past.

FAILURE = EXPERIMENTATION”

-James Altucher

“A man’s life is interesting primarily when he has failed….  For it’s a sign that he tried to surpass himself.” -Georges Clemenceau

“At more than $1.4 trillion in loans outstanding, student loan debt is nearly four times bigger than all the debts of Greece.  And it’s still growing at nearly 20% a year… multiple times faster than the official rate of inflation.  Worse, the government’s own data has showed as much as 30% of this debt – nearly one out of every three loans – isn’t being paid or is already in default….

At more than 1,000 schools – representing about one-quarter of all U.S. colleges and trade schools – more than half of students have already defaulted or failed to pay even one dollar toward these loans within seven years of leaving school.  Across all schools, the data show as many as 40% of borrowers haven’t paid a single dollar toward these loans within seven years.  Looking at just the past three years, this number jumps to more than half – 54% – suggesting this problem is only getting worse, not better.

In other words, according to the government’s own data, at least 40% of this debt – representing more than $500 BILLION that has been packaged up, ‘securitized’, and sold to investors as ‘money good’ – will likely never be paid back at all.” -Porter Stansberry