Free Special Report:
The Biggest Mistakes Real Estate Investors Make

View Cart

 Bookmark and Share

Featured Products

1 year Subscription to Real Estate Investor's Monthly
Best Practices for the Intelligent Real Estate Investor
Succeeding
Distressed Real Estate Times
How to Get Started in Real Estate

Checkout
How to Order

A list of changes and new material in the 2nd Edition of Succeeding.

The new chapters I added include:

If you have been hurt by the recent financial meltdown, or are worried about it, you will welcome the new chapters on investment and risk. If you had the book before, and followed its advice, you would now be better off or at least less worried. Better late than never.

First edition
Second edition
205 pages 320 pages
47 chapters

50 chapters
New chapters are:
8 What you can change and not charge
24 Investment
25 Risk
48 Health
49 Appearance
  In the future, refer to the online errata page for this book to see updates, improvements, additional information, and corrections to the 2nd edition
written 2003 written 2008
  insight from the 2008 book The Logic of Life by Tim Harford
  two new pages of discussion about when changing geographic locations is advisable and when not—young people tend to be too quick to assume geography is the source of their unhappiness
  expanded discussion of the role masochism plays in many so-called “elite” organizations
  new 16-page chapter on What you can change and not change—prevents you from wasting time trying to change things about yourself like your personality, speed, body type, leadership ability, talent, and so forth—tells you instead to change your career or spouse to match better with the unchangeable things about you—take time to make sure you possess or do not possess various unchangeable characteristics—public speaking—long list of thing you can and should change including some surprises—aging correctly—what you cannot postpone—friends and associates—changing your knowledge, some parts of your appearance, strength, some parts of health, safety habits, tools of your job, marriage, new goals—changing your life
  additional insights on matching yourself to a career from the Canadian book Unique Ability including gradations of good a poor matches—discussion of my co-coach who was selected by a Communist government for his athletic ability and assigned to the best match sport and drafted into a sports academy as a child—new discussion of the value of shadowing as a way to learn about a career—another five-year point in my table of the various part-time jobs I combine for a full-time career and income
  spouse choice—discussion of the fact that breaking up and getting engaged are arguably equivalent albeit in opposite directions in that both decisions are supposedly permanent and improved ways to handle dialing down a relationship and reconnecting
  wealth—discussion of the need for a liquidation schedule, that is, spending the wealth you achieved rather than mindlessly accumulating more money that you need or ever spend
  Investment—need for automatic savings plan—specific, sound investment advice—best practices for investment—asset allocation—the only correct bonds to buy—best stock strategy—index funds—stock picking—foreign stocks—REITs—your time horizon—tax avoidance—back testing—rebalancing—things not to do—inflation protection
  Risk—luck versus skill situations—protection from bad luck—“heads you win tails the other guy loses” structures—earned versus unearned bonuses—true calculated risks—expected value—risk is not necessary—discrete nature of risks—iteration diversity—the unknowable—non-financial risk
  The importance and value of self-distribution of your products, if possible, when you are self-employed
  Working for other people—the propensity of bosses to see any difference between the way you behave and the way they do as a reproach—the importance of getting into a position where your performance is clearly measurable, like commissions or piece rates if you have to be in a large organization
  Making an honest living—details of the “counseling session” where your first boss tries to convince you—maybe on your first day or during your first week or month of your career—to “play the game” and compromise your integrity because “that’s the way it is”—the proper response to that counseling session—earmarks of dishonest industries to avoid
  Health—being a health millionaire—sources of good health—diet—body mass index—muscle definition—obesity—waist-to-hip ratio—body fat percentage—dietary supplements—weight-loss tips
  Appearance—height——hair—what the opposite sex really values—glasses—teeth—plastic surgery—working out—exercise tricks—clothes—skin—confidence