Jack Thursday - 2022 Land Budgeting and Goals Made Simple (LA 1671)

Transcript:

Steven Jack Butala:

Steve and Jill here.

Jill K DeWit:

Hello.

Steven Jack Butala:

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

Jill K DeWit:

And I'm Jill DeWit, broadcasting from the Valley of the Sun.

Steven Jack Butala:

Today's Jack Thursday. And I'm going to talk about 2022 land budgeting and goals made simple.

Jill K DeWit:

Did you see my nail polish? Because I put it right around here. I figure this is the perfect opportunity to touch up my nails, and I don't know where I left it. Sorry.

Steven Jack Butala:

It really is simple, and it's not as boring as you think.

Jill K DeWit:

Oh, good. Oh, good.

Steven Jack Butala:

But it's necessary.

Jill K DeWit:

Yeah.

Steven Jack Butala:

What were you just saying on... We were recording another show, and you said, "People just do this stuff, they put flooring in the garage."

Jill K DeWit:

Oh, because it's on sale.

Steven Jack Butala:

There's no real plan.

Jill K DeWit:

Oh, yeah. No, I'm like, "This is the paint. We should buy extra of this, or extra of that." Hold on, everyone.

Steven Jack Butala:

Yeah. Just buy what you're going to use.

Jill K DeWit:

Mm-hmm (affirmative).

Steven Jack Butala:

Before we get into it, let's take a question posted by one of our members on the landinvestors.com online community. It's free. And don't forget to subscribe on the Land Academy YouTube channel, comment on the shows you like.

Jill K DeWit:

Before I forget, I have to say this little... I didn't want to interrupt you, because you launched into that, which is beautiful. But I wanted to say this one little thing, because you'll love this, why don't you let the stores be your storage area? That's it.

Steven Jack Butala:

Well, I think if you do all the math, and I'm sure there's been studies. If you only buy what you're going to use, even if it's more expensive, you end up saving a ton of money.

Jill K DeWit:

Mm-hmm (affirmative). Love it. Okay. So Jessica wrote, "Happy New Year, everyone. I'm currently thinking about my goals for 2022. I would love to hear what kinds of goals you set, like your deal count, profit for deal, et cetera. And then what specific goals you hope to hit?" That's-

Steven Jack Butala:

Excellent.

Jill K DeWit:

... awesome. What did everybody say?

Steven Jack Butala:

Well-

Jill K DeWit:

Was it all over the place?

Steven Jack Butala:

Sure. No, it wasn't all over the place.

Jill K DeWit:

Oh.

Steven Jack Butala:

There was some really good... [inaudible 00:01:55] got involved. There's some really good, really direct answers to this. And I'm going to try to be real direct today too about it.

Jill K DeWit:

That's cool.

Steven Jack Butala:

Because I think people get flustered about this, and I don't think that's necessary at all. It really just takes finding some quiet time, a pad of paper and a pen, and giving yourself about a half hour to an hour, and you're going to find out how your 2022 is going to go. I really believe it's that simple. So I'll tell you how I do it.

Steven Jack Butala:

Today's Jack Thursday, 2022 land budgeting and goals made simple. This is why you're listening. For me, it starts with a plan. So a lot of you have decided to join Land Academy because you want to buy and sell land. That's the beginning of your plan. I don't budget anything unless I have a basic plan first.

Steven Jack Butala:

And for me, and this is like a truth time deal, I'll take a blank spreadsheet, a blank Excel sheet, and I'll start taking notes. "I want to buy and sell land because I know it's profitable. I'm going to find a group, get some education, get a bunch of free education. And then if I think it's a good idea, maybe try to buy and sell some property myself. Realize that it works." So this is my me jotting down my thoughts, kind of stream of consciousness thoughts in a spreadsheet to see if it works or if it's something viabl...