Last weekend, I had the opportunity to watch both the Indy 500 and the Coca-Cola 600. Both races were incredible throughout and ended with incredible drama.
At the end of the Coca-Cola 600, Earnhardt Jr had the opportunity to win the race – his first win in forever. He was in front. There was just one problem, he was low on fuel. He did everything he could possibly do to conserve fuel – even resorting to cutting off his engine and coasting while under the caution flag. Would it be enough? Watch the result below or click HERE.
The end of the race did not turn out like he wanted.
There are a couple of financial lessons can we take from this:
- Sometimes you have to take a calculated risk When I speak with business owners who started companies, they all have one thing in common – they all took a risk. They weren’t guaranteed success for a year – let alone for life. Not all of the calculated risks will pay off, but what is the worst that could happen? You get to start over! Dale Jr gets to race again the next race!
- Do everything you can do Jr turned his car off. He drove on the flat apron of the track to ensure the car would keep running. He drove slower. In your financial situation, the best you can do is the best you can do! I always challenge myself to look in the mirror and be able to honestly tell myself that I did everything I could do. It reminds me of the Bible verse (1 Cor 3:6) that says we plant and water the seed, but God makes it grow. In other words – there is only so much one can do – but make sure you do it!