Financial Goals First, Then Plan Backwards (LA 765)

Transcript:

Steven Butala:                   Steve and Jill here.

Jill DeWit:                            Hello.

Steven Butala:                   Welcome to the Land Academy Show, entertaining land investment talk. I'm Steven Jack Butala.

Jill DeWit:                            And I'm Jill DeWitt, broadcasting from sunny Southern California.

Steven Butala:                   Today, Jill and I talk about your financial goals come first, and then plan backwards from there, so that you actually make sure that they happen.

Jill DeWit:                            Hmmm ... I think we're gonna be a little bit different here.

Steven Butala:                   I do too.

Jill DeWit:                            It's kind of funny.

Steven Butala:                   I know that's why I wrote it.

Jill DeWit:                            I love it.

Steven Butala:                   Before Jill and I get into it, almost literally, let's take a question posted by one of the members on the Land Investors online community. It's free.

Jill DeWit:                            Wouldn't it be hilarious if we like totally got into it?

Steven Butala:                   Remember that one time we were in a car listening to another couple's podcast?

Jill DeWit:                            Oh yeah they did get into it.

Steven Butala:                   They got in a huge argument and then that whole show ended. Not the episode, but the whole show.

Jill DeWit:                            Yeah. They were not having fun.

Steven Butala:                   Yeah.

Jill DeWit:                            Yeah, I remember that.

Steven Butala:                   We were laughing our [crosstalk 00:00:55] we were crying laughing in the car too.

Jill DeWit:                            You could just tell ...

Steven Butala:                   Like we've been in that spot.

Jill DeWit:                            Like they're trying to cover up. I'm like there's no love there right now. She's pissed off.

Steven Butala:                   You know what I remember about that? What she was mad about was, there was no schedule. She's like, "Oh you just decided that we're gonna do the podcast right now. It's 6pm instead of have dinner." I wouldn't be happy about that either. Like we do it the same time. That's kinda along the lines of what we're talking about this week.

Jill DeWit:                            Hmm-hmm.

Steven Butala:                   We do the show at the exact same time every ... all the shows. Every Thursday morning.

Jill DeWit:                            That was so darn funny. Okay, Stewart asks, "I'm working to configure my site to accept credit card payments with Heartland." Yay! "And I'm wondering what business process to establish around this. I've looked at a number of other sites, and it appears that different investors use different processes. In many cases I'm not certain exactly what they are doing."

                                                So let me give a little background. Stewart is a member, I'm assuming, he's looking at some of our other member websites, and he's setting up to accept credit cards and things are like, do you have a refund process, and how the deeds are gonna be done, how your whole ... 'cause they're gonna click and pay ... and then how you're gonna follow through, and what your company protocol is gonna be, and all that good stuff. Stewart goes on to say, "Should I, one, capture the full payment and then send a purchase agreement? Two, authorize payment, send agreement,