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Michael Yardney Podcast

Insightful, educational and always interesting

Listen and learn from Michael Yardney, Australia’s most trusted property commentator and a group of experts as they discuss Property Investment, Success, Money and Finance to help you multiply your wealth.
While Michael is best known as a property expert, he is also Australia’s leading authority in the psychology of success and wealth creation. You’ll enjoy the way he challenges traditional finance advice with innovative ideas on real estate investing, personal finance and wealth creation. 
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Jun 28, 2021

No one likes to fail. In fact, most people would do almost anything to avoid failure.

So, do you want to know the real secret to success? It is not dedication, commitment, hard work, smart work, passion, or even habits.

You’re not going to like the answer.

I’ve heard it said that the real secret to success is managing your failures. In this episode, we’ll take a look at some of the lessons we can learn from failure.

  • Failure teaches you that success is never guaranteed.
    • Like Winston Churchill once said, success is moving from failure to failure without loss of enthusiasm.
  • Failure isn’t final.
    • Failures happen, but they’re no reason not to start again. Successful people have lots of failures on the road to their successes
  • This too shall pass.
    • Failure isn’t fun, but it’s also not permanent. No matter how much it stings at first, you can move past it.
  • Failure forces you to embrace change.
    • When you go through failure, this is basically the universe telling you that there is something you should be doing differently.
  • Failure can be a great source of motivation.
    • For people with the right mindset, failure can be a great source of motivation.
  • Failure teaches you to stay humble.
  • Failure isn’t unique.
    • Everyone experiences failure, even the most successful people you know of.
  • Criticism doesn’t equal judgment.
  • Time is the greatest teacher.
  • Rejection is a powerful tool.


You can learn valuable lessons from failure. Failure teaches:

  • Creativity. If you fail by taking a route traditionally associated with success, you might have to embark on a novel path when you try again.
  • Who to trust. When someone – even a friend or family member who you thought you could trust – plays a role in your failure, you learn not to trust them so readily in the future.
  • Value. Failure is a chance to take another look at your value and how you can best present it.
  • You to listen to yourself. Tune out any non-constructive, negative feedback that comes from failing and focus on building self-trust.
  • Over time, failure can build resilience, which is why the pain is a little less each time it occurs.
  • What to do better next time. If you can identify the steps that led to your failure and why they had the results they did, you can form a strategy for future success.

Links and Resources:

Why not join Metropole’s Business Accelerator Mastermind

Learn more about Mark Creedon – Business Coach to some of Australia’s leading entrepreneurs 

Get a copy of Mark’s new book hereHave a business not a job

Get a heap of special reports and eBooks here-

Shownotes plus more here: 10 great lessons successful people have learned from failure with Mark Creedon | Build a Business, Not a Job Podcast

Some of our favourite quotes from the show:

“I’ve often said I’m a real success at failure, but it really does come down to resilience.” – Michael Yardney

“If you get it right first time as a property investor, you probably think you’re smarter than you are.” –Michael Yardney

“Successful people revel in other’s success.” – Michael Yardney


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