A few days ago, I wrote an article on how to recognize the hidden Values in Hopeless Situations. But how do you recover from the hopeless situation? Do your best to steer clear of it of course, but when you reach the point where life that no matter what you do, you just have to the inevitable. Accept the loss gracefully.
Then go back and analyze, try to figure out where you went wrong. Think about how to avoid those mistakes in the future. Unfortunately it isnâ€™t always that easy. You may have to lose multiple times in a similar manner – until you figure out where youâ€™ve been going wrong. Iâ€™ve often repeat major career mistakes until I could finally figure out the pattern and avoid such errors in the future. Financially those mistakes were major setbacks, but they were also incredible learning experiences. Important lessons often have high price tags.
Sometimes you have to stop for a while and backtrack to discover the point of error. In my game dominoes last night, my error was made before I even played my first domino. In my game dominoes last night, my error was made before I even played my first domino. After back-tracking the events which led to us playing; my mistake was challenging my friend to a game in the first place..
In more important life situations, you may need to backtrack pretty far. For example, if you lose your home to foreclosure, maybe the real mistake wasnâ€™t entering into a bad mortgage. Maybe it happened much earlier. Maybe you allowed yourself to get stuck in a job you didnâ€™t love, and it held you back financially. Maybe you chose the wrong career path entirely. Maybe you didnâ€™t take your education seriously, and your lack of basic skills still haunts you today.
Once youâ€™ve pin point exactly where you went wrong, youâ€™re already halfway to recovering from this hopeless situation.