A fear of failure is probably the single greatest reason why so many people do not pursue their dreams. Failure has been grossly mischaracterized as a bad thing, probably because of the way we were taught to avoid it in school.
This is not to say that one should not try to succeed. But it is important to realize that failure can serve as an irreplaceable asset on the road to success, if it is dealt with appropriately.
A fear of failure is tied to a fear of thinking creatively. Thinking creatively is always a wild card, when it comes to the status quo. Yet, creative thinking is the source of all of the greatest inventions and contributions to humankind throughout history.
To be paralyzed by a fear of failure is to avoid living up to your full potential. It is what makes life boring, routine, and dull. It is nearly impossible to expand as an individual and continue to harbor a false belief that failure should be avoided at all costs. To be ruled by the fear of failure means abandoning yourself as a creative individual.