Recovering from "Failure"

[Kyle Jones]

Hey BP,

I'm at the end of a very long and "educational" flip. The deal had a lot of potential, but poor project management and lack of real understanding cost me thousands when I could've walked away with thousands had I known better. The school of Hard Knocks is expensive, but the degree you get is so worth it. 

How did you recover after your first failed project? 

[Joe Villeneuve]

First, a long as you are still moving forward, you haven't failed...yet.  If you decide to quit, then you can use the word "failure".

Second, you haven't lost any money yet.  As long a you still have money, you're still in the game.  As long as you're still in the game, you can recover the funds you were short on this first project, in your next project...and then some.