I had a mentor that would always say, “Do you want to be right, or do you want to be rich?”

What is the cost of acting like you are right all the time? Nobody is always right and the inability to admit your fallibility is extraordinary detrimental to your business goals and relationships. Typically, the bull-headed insistance upon always being right will cost you a relationship.  The loss of a relationship will usually cost you business. 

I used to work with a man who wanted to follow his heart, but was too weak to do it. He wanted to do the right thing, but also made rash decisions with people that made making amends difficult for him without swallowing a lot of pride. He made decisions influenced by fear and when he realized that he had made the wrong decision, he thought himself in way too deep to admit he acted hastily. Today, this person is in a job that has a lot of power and exposure. He has a big salary and a huge office. But he is also haunted and hallow. The turnover in his company is very high and he faces a mountain of self-made problems. He hates his job and he hates what he has become. Yet, he will still not do the right thing because he fears what people will think about him if he changes course on some of his major blunders. He will be miserable for a long time.

A French author wrote, “Admit our faults to repair by our sincerity the evil we have done in the opinion of others.”

I will ask you now, do you want to be right or do you want to be rich?