Understanding Money in Life (LA 1412)

Transcript:

Steven Butala:

Steve and Jill here.

Jill DeWit:

Hi.

Steven Butala:

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

Jill DeWit:

And I'm Jill DeWit, broadcasting from sunny Southern California.

Steven Butala:

Today Jill and I talk about understanding money in life. And no, this is not going to be a lecture.

Jill DeWit:

Okay.

Steven Butala:

Jill said yesterday she's concerned this is going to be a lecture, no, it's not. This title came up for me, and it obviously made it to the light of the show because people ask me stuff, all the time, and I have been walking around the planet incorrectly perceiving a couple of things for quite some time. And I think it's funny that I've been misconceiving this, so we'll talk about it in a minute here. I think people understand accounting, just because I have an accounting background, and I think people understand real estate, and it's just not correct. People need to understand, or I need to be more clear, I guess I should say.

Jill DeWit:

Okay.

Steven Butala:

Are you taking notes?

Jill DeWit:

I am.

Steven Butala:

About what?

Jill DeWit:

Not about that. No, I'm just taking notes and thinking about some things I want to talk about with this.

Steven Butala:

Nobody understands money better than Jill, and I mean that. Most of the people I've ever had any type of relationship with are true cost center, and Jill is truly a walking profit center, and I'm amazed by her all the time. Whether it's at the grocery store, or buying a primary residence, or buying a trailer park, she just gets it.

Jill DeWit:

Thanks.

Steven Butala:

And I don't think there's any better compliment, well, there's probably some better compliments, but-

Jill DeWit:

Yeah, thanks.

Steven Butala:

For a former accountant, there's no better ... it's hard to find a person like that.

Jill DeWit:

Thank you.

Steven Butala:

Before we get into it, let's take a question posted by one of our members on the landinvesters.com online community, it's free.

Jill DeWit:

For the record, I think I learned ... there's some stuff that you taught me along the way, and really helped with, so thank you. I don't get all the credit, you helped. You're good, you're awesome. All right, James wrote-

Steven Butala:

This is a repeat question.

Jill DeWit:

Oh.

Steven Butala:

I made a mistake. It's actually from last Tuesday's question.

Jill DeWit:

Let's sub it with a different question. Or make up a question.

Steven Butala:

Yeah, make up a question is what I was going to say.

Jill DeWit:

Okay, let's make up a ... if I were going to read a question today, want to just read this one?

Steven Butala:

Yeah.

Jill DeWit:

Okay, I'll read this one.

Steven Butala:

Okay, sorry.

Jill DeWit:

Okay, Luke M. wrote, "Hey guys, I hope everyone had an amazing Christmas. I'm looking into Landmasters for helping me with mail merging and data scrubbing. I want to hear everyone's input if they have experience with them, or any suggestions on another VA service with these features to help me with the data part of the business. I've heard Jack and Jill mention outsourcing what you aren't good at, and focus on the strengths to be more productive. I suck at the data side of the house, and I was curious if anyone had a better company for these components, or if anyone's had a bad experience with Landmasters' services. Thanks so much, and happy new year." I want to add one little thing first real quick, don't worry anybody about mail merging, because O2O, offers to owners, will automatically do that for free. Now, that's-

Steven Butala:

Landmasters, here's the story of Landmasters. It's a group in the Philippines, run by an amazing person named Jillian. And she and her group, they contacted Jill and I years ago, at least two years ago, right?

Jill DeWit:

Oh gosh, more like four or five years ago. Four, I want to say.

Steven Butala:

And so, at first, I'm like,