I know, in the grand scheme of things and today’s world economics, a million dollars may not go as far as it once did. But, well, it’s sure a lot more money than many of us have in our bank accounts right now.

Today 4hourworkweek.com brings us a great story about failure, and how oftentimes, it’s the best lesson ever learned.

It’s based on a book entitled, What I Learned Losing A Million Dollars, which tells the story of one Jim Paul, a jet-setting businessman who lived life fast and lost all his money faster. Why such an important book? For this reason alone:

there are 1,000,000+ ways to make money in the markets (and many of the “experts” contradict one another), but all losses appear to stem from the same few causes.  So why not study these causes to help improve your odds of making and keeping money?