Business Management

How Finding Success in Real Estate is a Bit Like Quitting Smoking

Expertise: Mortgages & Creative Financing, Business Management, Landlording & Rental Properties, Commercial Real Estate, Real Estate Deal Analysis & Advice, Real Estate Investing Basics, Personal Development
173 Articles Written
smokers-in-rentals

A short time back, I wrote an article about why systems are superior to goals. This is a concept that I shamelessly plagiarized from Scott Adams, who describes why systems are so superior in his book How to Fail at Almost Everything and Still Win Big: Kind of the Story of My Life as follows:

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“If you achieve your goal, you celebrate and feel terrific, but only until you realize you just lost the thing that gave you purpose and direction. Your options are to feel empty and useless, perhaps enjoying the spoils of success until they bore you, or set new goals and re-enter the cycle of permanent presuccess failure” (Adams 32).

In that article, I go on to describe why this method is superior in terms of results. Here I would like to discuss why systems are superior to goals in terms of your own mental well-being.

Pre-Success Failure

The part that really jumped out at me from Scott Adams is the term “presuccess failure.” If you are always setting goals, then once you achieve those goals, you simply set new goals. Therefore, you have never actually reached a point where you can say “good job” to yourself. You are in a state of permanent “presuccess” failure.

Perhaps this is one reason so many high achievers are also quite stressed. But when you align your life with high-achieving systems, you don’t have to worry so much about hitting your next goal—and then setting a new one and going back to the point of “presuccess failure.” Or what if you miss your goal? Well, then you can feel just rotten about yourself because you are a miserable failure! What a wonderful way to live!

A few years back, I was a smoker—that is, until I read a brilliant book by Allen Carr titled The Easy Way To Stop Smoking. What Carr does is flip the normal “how to stop smoking” routine around. Instead of blathering on about how bad smoking is for you, he goes over every perceived advantage that tobacco has and obliterates it.

For example, I would say to myself something like, “Smoking is a good cure for boredom.” Well, that’s dumb because it’s actually rather challenging to think of anything at all that is more boring that smoking a cigarette.

“It relaxes me.” Nope, nicotine is a chemical stimulant.

“I like the taste.” OK, stop. You’re embarrassing yourself.

But, of course, there are the terrible withdrawal pangs, right? Well, sort of. As Carr notes:

“Most smokers go all night without a cigarette. The withdrawal ‘pangs’ do not even wake them up. Many smokers will leave the bedroom before they light that first cigarette; many will have breakfast first. Increasingly people don’t smoke in their homes and won’t have that first cigarette until they are in the car on the way to work… These smokers have eight or maybe ten hours without a cigarette—going through withdrawal all the while, but it doesn’t seem to bother them” (Carr 34).

Yes, the withdrawal pangs exist, but they are mostly caused by the feeling of being deprived. That mental state is what really causes people who are quitting to jones for a cigarette.

So, How Does This Relate to Real Estate and Business?

Well, the point is that one of the reasons that quitting smoking is so hard (just like many other life changes) is because we are desiring an illusory goal. Carr describes a conversation he had with someone after he had quit smoking for three weeks using the “willpower method”:

“He said, ‘How are you getting on?’

“I said, ‘I’ve survived three weeks.’

“He said, ‘What do you mean, you’ve survived three weeks?’

“I said, ‘I’ve gone three weeks without a cigarette.’

“He said, ‘What are you going to do? Survive the rest of your life? What are you waiting for? You’ve done it. You’re a non-smoker.’

“I thought. ‘He’s absolutely right. What am I waiting for?’ Unfortunately, because I didn’t fully understand the nature of the trap at that time, I was soon back in it, but the point was noted. You become a non-smoker when you extinguish your last cigarette. The important thing is to be a happy non-smoker from the start.”

And that’s sort of the beauty of Carr’s method—as well as the concept of systematizing your life in general. As Carr points out, smokers who try to quit using the “willpower method” are “never quite sure whether they’ve kicked it.” Indeed, how do you know when you’ve reached a goal of not doing something?

Or if your goal is to lose 20 pounds, what happens when you hit it? Now you have to maintain it. Is that a new goal? A new presuccess failure perhaps?

wealth-lesson

At What Point in Your Business Have You Become Successful?

Is it when you’ve bought 10 houses? Twenty? A hundred? Is it when you can replace your job’s income with real estate? Is it when you’re a millionaire? Multimillionaire? When? And why?

Many of these goals might make for good targets, but they are generally rather arbitrary. You want to have more success and become healthier and have more fun and the like. But only using goals is a way to obsess about a future that, almost by definition, can never come—because as soon as you hit that goal and that future becomes a reality, you have to create a new one. The future you aim for becomes like the fruit in the ancient Greek myth that pulled away from Tantalus every time he reached for it.

In the end, the key is to desire the path, not the outcome. There is no destination of “success” in life, just as there is no destination of being a “nonsmoker.” It’s hard to exactly define when you’ve gotten there. But it’s easy to define the path to get you “there.”

So, the key is to learn to love that path. Enjoy the process of improving your life, be it quitting smoking, eating healthier, working out, saving money, reading about business, networking, buying your first deals, expanding your business, improving your relationships, traveling, or whatever.

Since you will never arrive at some vague destination of “success,” you might as well learn to enjoy the path toward it.

How do you measure success and goals reached in your real estate business? Are you enjoying the journey?

Comment below!

Andrew Syrios has been investing in real estate for over a decade and is a partner with Stewardship Investments, LLC along with his brother Phillip and father Bill. Stewardship Investments focuses on the BRRRR strategy—buying, rehabbing and renting out houses and apartments throughout the Kansas City area. Today, they have over 300 properties and just under 500 units. Stewardship Properties on the whole has just under 1,000 units in six states. Andrew received a Bachelor's degree in Business Administration from the University of Oregon with honors and his Masters in Entrepreneurial Real Estate from the University of Missouri in Kansas City. He has also obtained his CCIM designation (Certified Commercial Investment Member). Andrew has been a writer for BiggerPockets on real estate and business management since 2015. He has also contributed to Think Realty Magazine, REI Club, Elite Daily, Thought Catalog, The Data Driven Investor and Alley Watch.

    Ruth Lyons Realtor from Highland, MD
    Replied about 2 years ago
    Thanks for this article. Very interesting perspective that I hadn’t heard before.
    Josh Hooper Investor from Atlanta, Georgia
    Replied about 2 years ago
    “Learn to love the path”
    Zachary Gwin Rental Property Investor from Denver, CO
    Replied about 2 years ago
    Right on, Andrew! “Enjoy the Path” — Love it!
    Cody Z. Rental Property Investor from Belmar, NJ
    Replied about 2 years ago
    Great article Andrew! Really enjoyed it and couldn’t agree more with the perspective. Be happy today!
    Tim Greenfield Rental Property Investor from Wiesbaden, Hesse
    Replied about 2 years ago
    Great article! Thanks for sharing
    Robin Singh from Union City, ca
    Replied about 2 years ago
    Very interesting. I agree totally. Thanks for sharing.
    Shiloh Lundahl Rental Property Investor from Gilbert AZ Burbank, CA
    Replied about 2 years ago
    Great article. Very thought provoking. I think I am starting to rethink how I set goals in real estate.
    Taizion Durr from Tampa, Florida
    Replied about 2 years ago
    Great article
    Ramondo Sai from Fremont, California
    Replied about 2 years ago
    Thanks Andrew. Best article I’ve read today. L Reminds me of advice a married friend gave me years ago to “enjoy the process” when my then fiancée and I were frantically scrambling around planning our wedding.
    Natasha Keck Investor from Mountain View, California
    Replied about 2 years ago
    Fantastic! This is not a new message, but you’ve delivered it quite cleverly and I got that “a ha” moment where the info really hit home. Thanks!
    Andrew Syrios Residential Real Estate Investor from Kansas City, Missouri
    Replied about 2 years ago
    By the way, has anyone else used Allen Carr’s book to quit smoking?
    Ryan Swift Rental Property Investor from Irving, TX
    Replied over 1 year ago
    I never heard of it until I read your article. I followed the link, bought the book, read it and have been smoke free for over 4 months now. Maybe not how you intended the article to help people but I thank you for sharing this great method!
    Andrew Syrios Residential Real Estate Investor from Kansas City, Missouri
    Replied over 1 year ago
    That makes my day, congrats on quitting!
    Wes Warren Investor from Louisville, Kentucky
    Replied about 2 years ago
    Journey Before Desitnation. I love it! Great article Andrew.