The Real Estate Does Not Matter as Much as Your Process (LA 1198)
Transcript: Steven Jack Butala:
Steve and Jill here.
Jill DeWit:
Hello.
Steven Jack Butala:
Welcome to the Land Academy show, entertaining land investment talk and happy Friday. I'm Steven Jack Butala.
Jill DeWit:
And I'm Jill Dewitt, broadcasting from sunny Southern California.
Steven Jack Butala:
Today Jill and I talk about the real estate doesn't matter as much as the process. What do I mean? If you're organized and you're a pretty dedicated person and you're comfortable with processes and you like the inside of your calendar and you're not over emotional and crazy about let's say getting stuff done ...
Jill DeWit:
You say that like the inside of your head.
Steven Jack Butala:
You're going to succeed. You're going to succeed at anything that you put your mind to within reason.
Jill DeWit:
Right.
Steven Jack Butala:
It might be real estate. It might be owning a chain of gas stations. I'm not sure, but you will succeed at it. So it's not so much about the real estate, it's about the process. 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.
Jill DeWit:
Joe wrote, "Hello, my name is Joe. I'm 28 years old, married and no kids. New to this site and learning about land investing. I'm very interested. This is definitely something I want to do. However, I don't know really the best path to take at this point in my life. I have a decent paying job, but I hate it. I'm just not getting to where I can make a change. I either want to go to college or go back into the military. Now that I have found this, I'm not sure if I should focus on getting a better career first and then working toward investing in land, or just use the job I have now to save and get started.
Jill DeWit:
I don't know really what it takes to get going and I don't know how long I'll have to do it on the side before I could give up this job I have now. So long question short, should I focus on getting a better career first or is it not necessary? I have the post 9/11 GI bill, so I can go debt free. I don't really know what to go to school for. My wife is a nurse. I'm a crane operator, our household is about 70 to $80000 together. Thanks." This is great. I love this.
Steven Jack Butala:
This is the greatest question ever.
Jill DeWit:
I wonder, my only question is, where does he live? Do you know? Because I'm ... So in some parts of the country, 70 to $80000 combined is a great income. In some parts of the country, it's not.
Steven Jack Butala:
70 or $80000 is a fantastic income everywhere in this country except where we live.
Jill DeWit:
Okay. That's what I'm saying, except for some few key places. So you could hopefully ... And you have no kids, so hopefully you can put something aside. So I know what I would say.
Steven Jack Butala:
Go ahead Jill. I'll follow up.
Jill DeWit:
What do you want to do? Really, what do you want to do? I love all these options, and you know what? You're 28, and I get it. That's probably what's happening ... The hard part is, I'm 28, I want to make a smart decision. I don't want to go back and go, God, I wish I would've made a different decision. And I certainly would talk to my wife about it too. And see, going back to college is not a bad thing. Having it paid for is beautiful, number one. Going into the military, that's never a bad thing. You've already been there, done that. You know what it involves.
Jill DeWit:
This is very different. So I'm sounding like Steven here, but where do you want to be in 10 years and then do it there. If you're ... If you want to ... Well and two, I want to make sure you're picking this for the right reason too. I hope you're not here saying, "Hey, I just want a lot of money" kind of thing. I want to make sure you enjoy real estate. You enjoy this. There's a lot of moving parts. You're calling your own shots. No one here is telling me that I have to get up in the...