Jill Friday - Best Investors Know their Limits (LA 1493)

Transcript:

Steven J Butala:

Steve and Jill here.

Jill K DeWit:

Happy Friday.

Steven J Butala:

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

Jill K DeWit:

And I'm Jill Dewitt broadcasting from sweet Scottsdale Arizona.

Steven J Butala:

Today, it's Jill Friday. And she talks about the best investors. Know their limits.

Jill K DeWit:

Yes.

Steven J Butala:

And my head's a little smaller because Jill-

Jill K DeWit:

Informed you of your limits?

Steven J Butala:

I mean physically smaller in front of this camera because she backed me up. So we're a little bit more equal. She said, "You know, they've been meaning to tell you your heads a little bit big because you're sitting too far forward", which prompted as you can imagine quite the conversation.

Jill K DeWit:

That's great. I thought you were going to say I put... Like, let's talk about your limits, babe.

Steven J Butala:

Oh we're going to talk about that in a minute.

Jill K DeWit:

Okay good.

Steven J Butala:

And your limits.

Jill K DeWit:

Oh great. Thanks.

Steven J 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 if you're already a member, join us on discord.

Jill K DeWit:

Okay. This is cute. So Luke, our infamous Luke Smith wrote, "Have you guys ever been pooed on by a barn owl? I went to get pictures of some land today that is covered in junk and try and figure how much it costs and clean it up and sell it. Looking into this slide sling blade"

Steven J Butala:

"Sling blade looking tool shed built on telephone poles, the owl came right at me when I was in the doorway, dumped white goo all over my hat"

Jill K DeWit:

The hat.

Steven J Butala:

"Front side of my shirt, backside, as well as my shorts leg and shoe. It got my dog, some of my dog also in the same second. Amazing load of crap right there. By the way..." This is a perfect Luke Smith format.

Jill K DeWit:

Yeah.

Steven J Butala:

"Got a commercial retail vacant lot under contract today, 54,000. By-side 135,000 south side, on land tank. Another land tank deal closes today. Buy for 55 south through title at 122."

Steven J Butala:

Even owl poop doesn't stop Luke from making money.

Jill K DeWit:

Not the good hat, not his favorite hat.

Steven J Butala:

A lot of people had some stuff to say, this is on discord.

Jill K DeWit:

Yeah.

Steven J Butala:

A lot of people had owl stories. So it turns out, I didn't know this until all this came out on discord that owls are strategic about who they poop on-

Jill K DeWit:

Oh, for real?

Steven J Butala:

And territorial and why. Yeah. Especially when there's dogs, they don't want the dogs around.

Jill K DeWit:

So, it wasn't a coincidence that he flew by and happened to release at that moment.

Steven J Butala:

Nope. Not at all. It was a full blown-

Jill K DeWit:

Attack.

Steven J Butala:

Dive bomb, fighter jet dive bomb.

Jill K DeWit:

All right. Noted. Yet another reason to not go out and look at your property. I'm poo free today.

Steven J Butala:

Yeah, me too. And he would've made numbers anyway. True. He likes the drama.

Jill K DeWit:

He does.

Steven J Butala:

And he likes to report the drama to us.

Jill K DeWit:

Yes. That's funny.

Steven J Butala:

Today's topic is Jill Friday. Best investors know their limits. This is the meat of the show.

Jill K DeWit:

Nice. Okay. So this came from, I was thinking about some of our discussions in career path. So career path is, This is our first time ever running it this year. It's a small elite group of 15 people that we do now once a quarter and take you from wherever you are right now to wherever you want to be personally. How's that?

Jill K DeWit:

So, one of the things we talked about, because there's some really awesome people in there. And I was just sitting back and thinking about how well everyone in this group kind o...