Failure has to be a recoverable state for this to be true. And whether it is depends both on the circumstances of your failure and on your support network. E.g

Failure has to be a recoverable state for this to be true. And whether it is depends both on the circumstances of your failure and on your support network. E.g. breaking you leg on a popular ski slope is recoverable, breaking your leg in a solo exbidition on the North Pole is not, simply because in one place you have a support network and in the other you haven't. Similarily having your project fail as the kid of rich parents is recoverable, having your project fail as the kid of poor ones might not be. Like the exhibition on the north pole this comes down to many things. A rich kid might have gotten their house as a gift/inheritance from their parent, if they lose it to cover their debt that is bad, but they didn't work their whole life to buy it. If a poor person fails there might not be such property to cover debts.