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Secret Millionaires Club: Warren Buffett's 26 Secrets to Success in the Business of Life by A. Heyward

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SECRET #1

Don't Be Afraid to Make Mistakes

SECRET #1 Try to learn from your mistakes—better yet, learn from the mistakes of others!

Hi again. I'm glad you want to learn more about Secret Millionaires Club! In fact, the first lesson is all about learning!

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When you own a business or manage a company, the last thing you want to do is make a mistake. You can lose customers and lose money by making too many mistakes. But sometimes slip-ups happen and a successful business manager learns from his or her mistakes.

It's the same thing in life. Learn from your mistakes—better yet; learn from the mistakes of others!

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When school started last year, Radley, Starty, Lisa, Elena, and Jones had no idea that after learning this one simple secret, they would end up forming one of the most interesting and exciting clubs around: Secret Millionaires Club!

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I met the four teenagers—and Radley's robot—on the first day of school because I was giving a pep talk to all the students. My message to all the kids was simple: “Even when you make mistakes, keep your eyes ahead—on the future. In fact, see your future. Be your future!”

Unfortunately, the school principal followed my speech with some bad news. Because ...

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