Money lost can earn back, I hope you can think in a positive direction. Everyone will make mistakes, you still have your family, you should try to open your heart to tell them honestly, they will understand and encourage you.
Yes, that is a great advice for young people. Most of the young startup entrepreneurs have made a mistake that is impatient and easy to give up. That is one of the failures of the business.
To become a successful person, be real and be strong in your passion. Successful people, they all view failure as experience. The important thing is that they still do not give up, they still move forward with their dreams. That's my opinion of patience and bravery.