RE: Being vs. doing

LoL, funny example with your walking instead of taking the bus. I wouldn't see it as a particularly serious experience, just a decision of preference: do I prefer to walk, now that I know the real time and distance, or do I prefer to take the bus? As it had no consequences that involved other people, it can be recorded as "I misjudged something".

It would have been something else if you were warned by your father or older brother to not invest your money in a shady enterprise. But you still invest and then you lose. People who are not willing to face the consequences now would ask their father or brother to cover for their loss. As a consequence, they must say "no" and let you work for your loss yourself until you have succeeded in becoming financially stable.
This is at first an unpleasant consequence but then turns itself into a valuable experience. Your father and your brother would have done their due diligence in the act of warning you. But they cannot prevent you in making bad decisions.