Kids are Back in School (CFFL 548)

Transcript:

Jack Butala:                         Jack Butala with Jill DeWit.

Jill DeWit:                            Good day!

Jack Butala:                         Welcome to our show today. In this episode, Jill and I talk about how the kids are back in school, at least ours are.

Jill DeWit:                            Woohoo!

Jack Butala:                         And what we're going to do with all this extra time now.

Jill DeWit:                            Woohoo!

Jack Butala:                         We don't have to put anybody in the closet and lock the door anymore.

Jill DeWit:                            Woohoo!

Especially me.

Jack Butala:                         Before we get into it let's take a question posted by one of our members ...

Jill DeWit:                            Because I'm drinking, just kidding.

Jack Butala:                         One of our members on our landinvestors.com online community it's free.

Drinking?

Jill DeWit:                            Gosh. Where is mom? I don't know. She must be in the closet again.

Okay.

Jack Butala:                         Wasn't there a gallon of wine on the counter yesterday?

Jill DeWit:                            I don't know where it went and mom's gone.

Thank God school's back. Okay.

Jack Butala:                         Little Jackie, why is your mom never here?

Jill DeWit:                            I don't know, Mom who?

Jack Butala:                         I don't know. She got her passport renewed yesterday.

Jill DeWit:                            Exactly, then she's gone.

Jack Butala:                         There's a lot of food in the refrigerator though.

Jill DeWit:                            That's right and the keys here ...

Alright. Luke asks, "What accounting software are people using? I don't like the idea of paying a monthly fee for a lot of cloud-based programs, but maybe that's just what I'll have to do. The QuickBooks Premiere that I bought I quickly returned after four hours on the phone with customer support because it won't connect with my Capital One Spark Bank business account."

I hope there's more to the question, maybe that's it.

Jack Butala:                         That's it.

Jill DeWit:                            Okay.

Jack Butala:                         What software do you use?

Luke, we love you, but I think you may be overthinking this.

Jill DeWit:                            Ahh ...

Jack Butala:                         This is not the regular Luke, this is a different Luke. This is Luke Harris.

Jill DeWit:                            Right.

Jack Butala:                         I use Excel. And I send it to our accountant once a month.

Jill DeWit:                            What accounting do you use?

Well his name is ...

Jack Butala:                         The whole point to this is not we're not going to answer the question. I just did. Don't worry ... Jill's got a whole thing about don't sweat the details about some of this stuff ... I have an accounting background. There are accounting-intensive businesses, this is not one of them.

You maybe have payroll, you got some rent. Probably some subscriptions to stuff like Land Academy or whatever. They are recurring entries and this is not complicated at all.

Jill DeWit:                            While this is important, this is not what you should be spending your time worrying about, right?

Jack Butala:                         This is exactly what you should be outsourcing.

Jill DeWit:                            Right. That's the key. Don't think about it, Luke. Hire somebody, move on. And this Luke ... I think he's at the level where he doesn't need to be thinking about some of this stuff. Right?

Jack Butala:                         Luke Harris is incredibly successful.

Jill DeWit:                            Yeah.