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Jerry Jones Billionaire afraid of Going Broke??.......

 Jerry Jones 

Jerry Jones, the Cowboys Owner and General Manager,  was featured on a segment of 60 Minutes last night and I could not help but feel a bit of admiration towards him. Sure, he gets a lot of flack from the decisions he’s made  but he also admits to his mistakes. One of the most passionate statements he made was undeniably sincere and raw.

I was taken aback a little when, with tears in his eyes, he admitted in his interview that he’s terrified of going broke.

The man is worth $2 BILLION DOLLARS.

His statement not only leaves an impact, but it’s affective and humbling, yet exceedingly powerful.

It occurred to me that if everyone lived  with that very same mentality, the world  would be a better place. The generation of excess surely felt the burn when the economy collapsed. But yet, unlike the generation before us, we still choose to deny the consequences of over indulgence. Shows like “My Super Sweet Sixteen” which celebrates excess and overspending on unnecessary luxuries make it clear that we haven’t learned from our prior generation of the Great Depression.

When things are good, its ESSENTIAL to remember the tough times. Its important not to forget how you reached that level of success and to constantly remind yourself that  you are “only as good as your last trade”.

Don’t allow your ego to get in the way DURING successful times. Success should be humbling not the other way around.

Jerry Jones has a healthy fear of loss and he pushes himself to take on major risk in spite of his fear of losing it all.

In trading, fear of failure shouldn’t keep you from taking on more risk or trading bigger. At the same time, fear of losing it all should keep you in check once those risks pan out.

In life, not just trading, once a person becomes prosperous, be it financially or metaphorically reaching a goal, having a healthy fear of failure keeps us on our toes and helps prevent us from ultimately winding up where we started.