Keaton Turner kicks off with reflections on failure, success, and Death Valley, leading into a road trip discussion with Instagram insights and shout outs. He tackles online criticism and misconceptions about equipment management, exploring the financial risks of renting versus buying. Keaton discusses strategies for equipment purchases in short-term contracts, balancing renting for growth and buying used equipment for stability. He shares a story of a dredge purchase gone wrong, highlighting the risks of speculative buying. The episode also examines renting versus buying, benefits for small businesses, and the impact of bonus depreciation, while advising against chasing work and emphasizing expert advice.

(0:00) Opening monologue on failure, success, and Death Valley reflections

(2:31) Road trip thoughts, Instagram insights, and shout outs

(4:13) Online criticism and misconceptions about equipment management

(5:39) Renting vs. buying equipment and financial risks

(11:02) Equipment purchase strategies for short-term contracts

(30:13) Renting for business growth and buying used equipment for stability

(32:31) Speculative equipment purchases and evaluation for projects

(36:58) The dredge purchase: A bad investment story

(38:02) Risks of speculative equipment buying and importance of backlog

(40:07) Financial implications of renting vs. buying equipment

(45:27) Advantages of equipment rental for small businesses

(47:29) Bonus depreciation and its real-world effects

(48:33) Avoiding the trap of chasing work and seeking expert advice