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Episode 535 · Feb 22, 2022

Take Risks, Fall Forward: How Failure Becomes Your Biggest Advantage

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George Wright III opens this episode of The Daily Mastermind from his hotel room in Boston, reflecting on a quote by Denzel Washington that stopped him in his tracks. George shared the quote on social media the week before: "If you don't fail, you're not even trying." That single idea sparked a deeper conversation about how changing your perspective on failure can unlock the kind of life you were built to live.

To drive the point home, George shares a clip from Denzel Washington's commencement speech, a message packed with humor, honesty, and hard-won wisdom about risk, persistence, and purpose.

Why Failure Is Not the Opposite of Success

Most people treat failure as a stop sign. George wants you to treat it as a road sign pointing you forward. His core argument is straightforward: if you never try, you are 100% guaranteed to fail. The only way to give yourself a chance at success is to get in the game, take the shot, and be willing to miss.

Denzel Washington puts it plainly in his commencement speech:

I found that nothing in life is worthwhile unless you take risks.

That is not a motivational slogan. It is a direct challenge. The person who plays it safe, who keeps their dreams small to avoid embarrassment, is not protecting themselves from failure. They are choosing it in advance.

What It Means to Fall Forward

Washington introduces a concept that reframes everything: falling forward. His logic is simple. If you are going to fall anyway, fall in a direction where you can see what is coming. Fall toward the life you want, not away from it.

He backs the idea up with real examples. Reggie Jackson struck out 2,600 times, the most in baseball history. Thomas Edison ran 1,000 failed experiments before the light bulb worked. Neither of them quit. Each failure moved them one step closer to the result that changed everything.

If you don't fail, you're not even trying.

This reorients how you should think about your daily effort. Failure is not evidence that you are going the wrong way. It is evidence that you are actually moving.

How Persistence Builds the Life You Were Meant to Live

Washington shares his own story of humiliation with disarming humor. Early in his career, he auditioned for a Broadway musical despite not being able to sing. He bombed the singing portion and struggled through the acting portion opposite a scene partner who played everything at full theatrical volume. Washington responded in a quiet, naturalistic tone. He did not get the job.

But he did not quit. He prepared for the next audition and the next. He prayed, he kept going, and he kept failing. Then, 30 years later, he returned to that same theater, the Court Theatre, and won a Tony Award for his role in Fences. The place where he failed most publicly became the place where he triumphed.

As Washington notes, there is an old saying: you hang around the barbershop long enough, sooner or later you are going to get a haircut. Keep showing up, keep trying, and your break will come.

Why Your Unfulfilled Potential Is Watching You

Motivational speaker Les Brown offers an image that Washington shares in his speech, and it is one of the most powerful frames for thinking about risk and regret. Imagine being on your deathbed, surrounded by the ghosts of your unfulfilled potential. The ideas you never acted on. The talents you never used. Those ghosts are there because only you could have brought them to life, and now they go to the grave with you.

That image asks one question: how many ghosts are going to be standing around your bed?

George's answer is that the number is entirely up to you. Every time you choose to try something uncomfortable, every time you take a risk on a dream that might embarrass you, you are converting a potential ghost into a real result.

What the World Needs from You

Washington closes his speech by pointing outward. The world has real needs and it needs real people with talent and courage to step up. His reminder is that your gifts are not yours to hoard. You will never see a U-Haul behind a hearse. You cannot take it with you. The only question is what you are going to do with what you have, whether that is money, patience, kindness, love, or the gift of long-suffering.

Action Steps

  • Reframe your next failure as proof you are moving. Ask what you learned, then prepare for the next attempt.
  • Write down the dream you have been too afraid to act on. Name it specifically, then take one concrete step toward it this week.
  • Think about the ghosts that might be at your bedside. Identify one unfulfilled potential you can convert into action today.
  • Accept that criticism and embarrassment are part of the journey. Being willing to be made fun of is a prerequisite for doing anything worth doing.
  • Choose to fall forward. When things go wrong, orient yourself toward the next opportunity rather than retreating to safety.

It is never too late to start living the life you were meant to live. George Wright III and Denzel Washington are both pointing in the same direction: the risk is worth it, the failure is instructive, and the potential you carry is too valuable to leave unlived.

READ THE FULL TRANSCRIPT

Welcome back to The Daily Mastermind everyone George Wright III here with your daily dose of inspiration motivation and education. I'm sitting in my hotel room in Boston been working on some some business deals and I wanted to just pass a thought on to you today. You know last week I posted a quote and the quote was from Denzel Washington and it said if you don't fail then and you're not even trying. And it got me really thinking. You know, I really love that quote, and I wanna talk to you today a little bit more about how changing your perspective on failure can really help you to create major change in your life. I mean, you see, it's not enough to just be willing to fail and know that failure is the gateway to success, but you have to be willing to try and fail and try again and fail again and try again. You have to be willing to take risks and dream big and be willing to be made fun of and take the criticism. There's so many things that go along with this journey of success that when you change the way you look at things, the things you look at change. And I think the biggest thing that I want to emphasize to you today is that when you're willing to dream big and take risks, then you at least have the ability to be able to create success. because if you don't try, then you're guaranteed, 100% guaranteed to fail. So today I want to actually play you, I came across the commencement speech that Denzel Washington did when he did this quote. It was a graduation commencement speech. I'm going to play a little snippet of it because I really like his stories and I like his humorism that he uses. And I hope this lightens your day and inspires you a little bit more to dream big and go for success. Be willing to fail. I found that nothing in life is worthwhile unless you take risks. Nothing. Nelson Mandela said, there is no passion to be found playing small and settling for a life that's less than the one you're capable of living. Now, I'm sure in your experiences in school and applying to college and picking your major and deciding what you want to do with life, I'm sure people have told you to make sure you have something to fall back on. Make sure you got something to fall back on, honey. But I never understood that concept, having something to fall back on. If I'm going to fall, I don't want to fall back on anything except my faith. I want to fall forward I figure at least this way I see what I going to hit Fall forward This is what I mean. Reggie Jackson struck out 2,600 times in his career, the most in the history of baseball. But you don't hear about the strikeouts. People remember the home runs. Fall forward. Thomas Edison conducted 1,000 failed experiments. Did you know that? I didn't know that. Because the 1,001st was the light bulb. Fall forward. Every failed experiment is one step closer to success. You've got to take risks, and I'm sure you've probably heard that before. But I want to talk to you about why that's so important. I got three reasons, and you can pick up your iPhones. First, you will fail at some point in your life. Accept it. You will lose. You will embarrass yourself. You will suck at something. There's no doubt about it. And I know that's probably not a traditional message for a graduation ceremony, but hey, I'm telling you, embrace it because it's inevitable. And I should know. In the acting business, you fail all the time. Early on in my career, I auditioned for a part in a Broadway musical. Perfect role for me, I thought, except for the fact that I can't sing. So I'm in the wings. I'm about to go on stage. But the guy in front of me, he's singing like paparazzi. He's just going on and on and on. And I'm just shrinking. I'm getting smaller and smaller. So they say, oh, thank you very much. Thank you very much. And you'll be hearing from us. So I come out with my little sheet music. And it was just my imagination by the Temptations. That's what I came up with. So I hand it to the accompanist. And she looks at it and looks at me and looks out at the director. And it was like, all right. So I start, you know, I'm going to sing. I'm like, it's just my imagination once again. And then coming away with me. And they're not saying anything, so I'm thinking I'm getting better. So I start getting into it. It was just my imagination. Thank you. Thank you. Thank you very much, Mr. Washington. Thank you. So I assumed I didn't get the job. But the next part of the audition he called me back The next part of the audition is the acting part of the audition So I like hey okay maybe I can sing but I know I can act So they pair me with this guy. And again, I didn't know about musical theater. And musical theater is big, so they can reach everyone all the way in the back of the stadium. And I'm more from a realistic, naturalistic kind of acting where you, you know, you actually talk to the person next to you. So I don't know what my line was. My line was, well, hand me the cup. And his line was, well, I will hand you the cup, my dear. The cup will be there to be handed to you. I said, okay. Well, should I give you the cup back? Oh, yes, you should give it back to me because you know that is my cup and it should be given back to me. I didn't get the job. But here's the thing. I didn't quit. I didn't fall back. I walked out of there to prepare for the next audition and the next audition and the next audition. I prayed. I prayed. And I prayed. but I continued to fail and fail and fail but it didn't matter because you know what there's an old saying you hang around the barbershop long enough sooner or later you're going to get a haircut so you will catch a break and I did catch a break last year I did a play called fences on Broadway someone talked about it won the tony award and i didn't have to sing by the way but here's the kicker it was at the court theater it was at the same theater that i failed that first audition 30 years prior the point is and i'll pick up the pace the point is every graduate here today has the training and the talent to succeed but do you have the guts to fail here's my second point about failure if you don't fail you're not even trying i'll say it again if you don't fail you're not even trying My wife told me this great expression, to get something you never had, you have to do something you never did Les Brown a motivational speaker He made an analogy about this He says imagine you on your deathbed and standing around your deathbed are the ghosts representing your unfulfilled potential The ghosts of the ideas you never acted on. The ghosts of the talents you didn't use. And they're standing around your bed, angry, disappointed, and upset. They say, we came to you because you could have brought us to life, they say. and now we have to go to the grave together. So I ask you today, how many ghosts are going to be around your bed when your time comes? You've invested a lot in your education and people have invested in you. And let me tell you, the world needs your talents. Man, does it ever. I just got back from Africa like two days ago. So if I'm rambling on, it's because I'm jet lagging. I just got back from South Africa. It's a beautiful country, but there are places there with terrible poverty that need help. And Africa is just the tip of the iceberg. The Middle East needs your help. Japan needs your help. Alabama needs your help. Tennessee needs your help. Louisiana needs your help. Philadelphia needs your help. The world needs a lot, and we need it from you. We really do. We need it from you young people. I mean, I'm not speaking to the rest of us up here, but I know I'm getting a little grayer. We need it from you, the young people, because remember this. So you got to get out there. You got to give it everything you got, whether it's your time, your talent, your prayers, or your treasures. Because remember this. You will never see a U-Haul behind a hearse. I'll say it again. you will never see a u-haul behind a hearse you can't take it with you the egyptians tried it and all they got was robbed so the question is what are you going to do with what you have i'm not talking about how much you have. Some of you are business majors. Some of you are theologians, nurses, sociologists. Some of you have money. Some of you have patience. Some of you have kindness. Some of you have love. Some of you have the gift of long-suffering. Whatever it is, whatever your gift is, what are you going to do with what you have? Thank you.

About the host
George Wright III, host of The Daily Mastermind

George Wright III

George Wright III is an entrepreneur, investor, and the host of The Daily Mastermind. Over more than two decades he has founded and scaled several multimillion-dollar companies and built a renowned seminar business that put some of the world's biggest names and brands on stage. With 25+ years across marketing, sales, and executive leadership, he's made a career of turning bold ideas into results — and momentum into lasting growth.

Today his mission is singular: empower driven entrepreneurs everywhere to master their mindset, unlock their potential, and live their ultimate destiny. Through The Daily Mastermind, George shares the Prosperity Principles and strategies that help people create massive change — in their business and in their life.

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