Jack Thursday - Breaking My Own Rules Equals Personal Growth (LA 1651)

Transcript:

Steven Jack Butala:

Steve and Jill here.

Jill DeWit:

Good day.

Steven Jack 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 the Valley of the Sun.

Steven Jack Butala:

Today is Jack Thursday, and I'm going to talk about how I break my own rules constantly, but it actually equals personal growth.

Jill DeWit:

It's okay when you do it. It's not okay when I break your rules.

Steven Jack Butala:

You know how when you're watching, yeah. If anybody's going to break my rules, it's me.

Jill DeWit:

That's right. That's the only one.

Steven Jack Butala:

The same thing happens if I try to break your rules.

Jill DeWit:

Yeah. Number three and I know that. Don't do that to dad.

Steven Jack Butala:

You know how you, absolutely. You fast forward through whatever you're watching on Netflix, or Amazon, or Hulu, no matter how short it is-

Jill DeWit:

Like people do to this show.

Steven Jack Butala:

Yeah. I wonder if they listen to it at times four.

Jill DeWit:

Yeah.

Steven Jack Butala:

Then they can detect when we say land.

Jill DeWit:

And then tune in.

Steven Jack Butala:

Like, not yet.

Jill DeWit:

Yeah.

Steven Jack Butala:

This is all being fast-forwarded through.

Jill DeWit:

Exactly.

Steven Jack Butala:

Here's the trigger, if you're fast forwarding. Before we get into it, let's take a question posted by [crosstalk 00:01:09].

Jill DeWit:

Oh, that's a trigger? Oh, got it. Slow down now. Oh, my gosh. All right.

Steven Jack Butala:

I had somebody email me two years ago and they said, "Look, I know what you're trying to do here, and the only real value to any of this is the question that you answer. So, can you please edit all that down, and the whole show can just be-"

Jill DeWit:

The question.

Steven Jack Butala:

"100 questions in a row, and save me a lot of time?" And I said, "Sure, absolutely. I'm happy to do that. I'll let you know on Thursday."

Jill DeWit:

That was not visible on iTunes, so we could still keep our rating.

Steven Jack Butala:

It's free. And don't forget to subscribe on the Land Academy YouTube channel, and comment on the shows you like. People say, people want stuff free. Did you ever notice since the internet kicked in, because we're old enough to know a time before the internet-

Jill DeWit:

Uh-oh.

Steven Jack Butala:

Where nobody expected stuff for free?

Jill DeWit:

True.

Steven Jack Butala:

Everybody expects everything to just be free.

Jill DeWit:

I know. You're not wrong. Charlie wrote, "Does my bookkeeper need knowledge of the land business to be a good fit for us? I'm just looking for something that's cost effective for my relatively small number of transactions. I talked to Anderson Business Advisors, but I don't think my one to two properties per month warrants $170 minimum per month in bookkeeping. Maybe I'm wrong." Such a great question.

Steven Jack Butala:

It's a great question, Charlie.

Jill DeWit:

Especially, end of year here.

Steven Jack Butala:

Actually, you're 100% right on everything you said. I actually have some experience in this. Here's what you want to do. And this is a whole module in Land Academy 3.0, which is coming out in January, about your business, setting up your business correctly. I realized that we never really-

Jill DeWit:

Talked about it.

Steven Jack Butala:

In the formal education.

Jill DeWit:

Right.

Steven Jack Butala:

This is what I want you to do. I want you to make sure you have another bank account that's separate, and I want you to put some money in there from your personal bank account. Let's say $30,000, $40,000, or whatever number you're comfortable with. And all the revenue and expenses that you incur in your business, I don't care if it's building a website, or getting a phone number, or all the other things that are necessary to send a mailer out,