surprising benefits

7 Surprising Benefits of Failure

Kentin Waits — Wed, 06 Jul 2016 10:30:08 +0000

Everyone loves a success story, and the world is filled with them. But what about stories of failure? Can't they be as just as educational? Just as inspirational? Equally insightful? After all, a single big win is often built on several losses. It's a truth perfectly captured in the words of Japanese industrialist and automaker, Soichiro Honda, "Success is 99% failure."

Maybe it's time to look past the sound bites of success and examine the transformational power of not succeeding. Here are the seven surprising benefits of failure.

1. Failure Teaches Lessons

Failure can be an efficient (if sometimes harsh) teacher. In our careers, in our financial lives, and in our frugal living goals, learning what not to do is just as important as learning what to do. And the personal bankruptcy laws in the United States embody the positive potential of failure by allowing individuals the room to right themselves, to learn from their mistakes, and move on.

2. Failure Keeps Us Hungry and Humble

The biggest enemy of long-term success is complacency. History is littered with stories of once great nations, cultures, and companies that banked on the notion that a successful past guarantees a successful future. But failure has a way of motivating us — of keeping us hungry and also humble. People who know from experience that fortunes can be lost, that competitors never sleep, that downsizing happens, and that every market boom can go bust tend to be more highly driven and much more intentional.

3. Failure Helps Us Overcome Fear

What is it that we're most afraid of when we don't take full advantage of sound investments? Or when we put off saving for retirement for decades? When we stay stuck in a job we hate, year after year? I'd argue that we're most afraid of failing. But here's the curious thing about failure: Once you've faced it, it becomes the enemy you know. That familiarity can help you move on with the confidence that a stumble or fall won't be the end of your story.

4. Failure Recommits Us to Our Goals

Personal setbacks can be clarifying. Several years ago, a close friend of mine amassed a whopping amount of consumer debt. Though he'd always considered himself fairly frugal and financially savvy, he'd let a few little slip-ups become a big downward slide and was nearly bankrupt. (See also: 6 Attitudes That Breed Financial Failure)

As his closest confidant, I had a front-row seat to my friend's yearlong financial meltdown. But instead of giving up, he committed to a life of debt-free living with a renewed of sense of purpose. He paid off the card balances with laserlike focus and hasn't slipped up since.

5. Failure Inspires Creative Solutions

In 2007, my cushy and fairly lucrative contract position with a top tech firm came to an abrupt end. The situation forced me to re-evaluate what I wanted the future of my career to look like. I knew I wanted to keep working remotely, retain some level of employment autonomy, and (hopefully) avoid a severe pay cut. Over the next few years, I built a small, but thriving independent business — a business that likely would have never been launched had that contracting position continued without interruption. Though I certainly couldn't see it at the time, that job loss forced me to put something new — and ultimately, more rewarding — in motion. (See also: 11 Famous Failures That Led to Success).

6. Failure Strengthens Our Support System

The old poetic line, "Laugh, and the world laughs with you; weep, and you weep alone," may not be entirely accurate. When we fail, we send out flares (often without realizing it) to those who matter most: friends, family, and close colleagues who can offer assistance or simply lend a sympathetic ear. The process strengthens our support system and builds a network of resources to help us succeed next time.

7. Failure Makes Us More Valuable Mentors

The most qualified teachers are those who have been through it all and know how to weather it all. A large part of effective mentorship is helping anticipate and avoid pitfalls, stay focused, and respond to challenges with creativity and optimism.

Have you benefited from failure? What's the most surprising or important lesson it taught you? Share your story!

This article is from Kentin Waits of Wise Bread, an award-winning personal finance and credit card comparison website. Read more great articles from Wise Bread:

11 Surprising Benefits Of: Chewing Gum

Kelly Medeiros — Thu, 24 Apr 2014 09:36:16 +0000

As a connoisseur of chewing gum, I can attest to the many benefits that my favorite go-to gum gives me (Trident Sugarless Watermelon Twist, for the record). While gum is by no means without its flaws, you may be surprised by some of the advantages that go hand-in-hand with chomping on a stick. Just be sure to chew and dispose of your gum responsibly. (See also: Surprising Benefits of Caffeine)

1. Improves Concentration and Memory

Multiple studies have shown that chewing gum boosts mental performance. Cognitive functions, like concentration, memory, and reaction times, were seen to improve when test subjects chewed gum. It is thought that this boost comes from increased blood flow to the brain through chewing, with some studies showing as much as a 25%-40% increase. This in turn increases oxygen to the brain, which helps to enhance memory and other cognitive functions.

2. Improves Wakefulness

In addition to memory, many studies have also shown that chewing gum can increase alertness. The chewing movement of the jaw is thought to stimulate nerves and parts of the brain associated with arousal, in addition to increasing blood flow. This may help people feel more awake or stay awake longer. Mint-flavored gum is thought to be especially useful for this purpose.

3. Combats Stress and Anxiety

Anecdotally, I find chewing gum can help relieve nervous energy and make me feel calmer. Apparently chomping on some gum can be a great substitute for nervous habits, like nail biting and leg shaking, when feeling stressed. This is backed up by studies, which show that gum chewing helped reduce the stress hormone, cortisol, in many test subjects.

4. Protects Teeth

The American Dental Association recommends chewing sugarless gum for 20 minutes after meals, since it's been proven to reduce plaque, promote tooth enamel, reduce cavities, and reduce gingivitis. The reason has to do with increasing saliva flow, which reduces acid on your teeth that causes decay. Just make sure your gum is sugarless, as sugar-containing gums can actually add to acid build-up. Look for gums with xylitol too, which can reduce decay-causing bacteria. Finally, be mindful of sorbitol, which can cause GI discomfort if ingested in extremely large doses. (See also: 11 Foods That'll Whiten Teeth)

5. Reduces Acid Reflux and Heartburn

For some people battling acid reflux and heartburn, chewing gum after meals may help reduce acid in the esophagus. Increased saliva production is again to thank for this, as is increased swallowing, which clears the acid more quickly. It's wise to avoid peppermint and spearmint flavors, however, which can up acid levels and make heartburn worse.

6. Improves Breath

It's a no-brainer to pop in some gum when you want to fight bad breath, but some are better than others. In fact, researchers found that Wrigley's Big Red, a well-known cinnamon-flavored gum with a plant essential oil for flavoring, reduced bacteria in the mouth that cause bad breath. It seems the key to picking the best breath-freshening gums is to find those with flavors, most of which come from plant oils, that fight bacteria and don't just mask odor.

7. Improves Eating Habits

While chewing sugar-free gum won't automatically melt pounds, popping some low-calorie sticks can have a beneficial effect towards eating better. Studies show that chewing gum can help ward off some food cravings and make you consume less. The biggest benefit comes from those who reach for a stick of gum instead of reaching for a caloric sweet snack between meals. Also, popping some gum right at the end of a meal, while watching TV, or when other mindless nibbling occurs, can save calories.

8. Helps Cigarette Smokers Quit

Even as a non-smoker, I know that gum is no magic bullet to quitting smoking, but products, such as Nicorette gum, aim to help. The gum, which delivers a controlled amount of nicotine to your system, attempts to reduce your cravings. In addition, chewing gum can help moderate the oral cravings of cigarettes, too. (See also: How to Break Bad Habits)

9. Relieves Dry Mouth

Yet another oral health benefit of chewing sugar-free gum includes combating dry mouth. It's been noted that chewing sugarless gum stimulates saliva up to 10 times the resting rate. This is a huge help in reversing oral dryness and the discomfort and problems associated with dry mouth.

10. Relieves Ear Pain During Flights

Having ear pain due to air pressure changes during takeoff and landing on a flight is no fun. It's long been known that there are a number of ways to stop your ears from popping, including yawning, pinching your nose, or even giving little ones a bottle. But, the easiest way may just be to chew on some gum. This helps produce saliva so you swallow more, which can help equalize the pressure in your ears.

11. Fights Nausea

For natural relief against nausea from morning sickness or motion sickness, try safe herbal gums, like Sea-Band Ginger Gum. The ginger and saliva production helps to sooth acid and stomach irritability. Currently pregnant again, I can also attest to chewing sugarless gum in general, which helped me feel slightly less awful when out and about with morning sickness.

What are some other benefits of chewing gum that you can share?

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This article is from Kelly Medeiros of Wise Bread, an award-winning personal finance and credit card comparison website. Read more great articles from Wise Bread: