"You have to go broke three times to learn how to make a living"
About this Quote
The number three is doing heavy lifting. Once could be bad luck, twice could be stubbornness, three times is the pattern finally becoming visible. Stengel implies that competence isn’t a gift you discover; it’s a habit you build by being punished for the wrong version of yourself. That’s a sharp rebuke to the American fantasy that success is a clean narrative with one inspirational setback. He’s saying you don’t learn “making a living” from winning; you learn it from losing so thoroughly you can’t romanticize it anymore.
In the mid-century sports world Stengel came up in, careers were precarious, unions were weak, and glory didn’t guarantee stability. That context makes the quote less hustle-poster, more hard-earned realism. It also smuggles in a kind of compassion: if someone’s on their first or second collapse, they’re not doomed, they’re in training. The sting is also the comfort.
Quote Details
| Topic | Entrepreneur |
|---|---|
| Source | Help us find the source |
| Cite |
Citation Formats
APA Style (7th ed.)
Stengel, Casey. (2026, January 18). You have to go broke three times to learn how to make a living. FixQuotes. https://fixquotes.com/quotes/you-have-to-go-broke-three-times-to-learn-how-to-5429/
Chicago Style
Stengel, Casey. "You have to go broke three times to learn how to make a living." FixQuotes. January 18, 2026. https://fixquotes.com/quotes/you-have-to-go-broke-three-times-to-learn-how-to-5429/.
MLA Style (9th ed.)
"You have to go broke three times to learn how to make a living." FixQuotes, 18 Jan. 2026, https://fixquotes.com/quotes/you-have-to-go-broke-three-times-to-learn-how-to-5429/. Accessed 12 Feb. 2026.








