15 min

Land Business Can Be Your Legacy (LA 1589‪)‬ Land Academy Show

    • Investing

Land Business Can Be Your Legacy (LA 1589)

Transcript:



Steven J Butala:

Steve and Jill here.



Jill DeWit:

Hello.



Steven J Butala:

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



Jill DeWit:

And I'm Jill DeWitt broadcasting from the valley of the sun.



Steven J Butala:

Today Jill and I talk about how your land business can be your legacy. This is Jill's idea, and I think it's actually pretty brilliant. It's something that she and I talk about all the time personally, but I think it's worth it's episode worthy.



Jill DeWit:

It is. Well, thank you. I appreciate that. I have to pause and just share. Is this what goes on in your world? Here's what my partner just told me: "You sound like crap."



Steven J Butala:

And I'm trying to help her though.



Jill DeWit:

I know.



Steven J Butala:

I'm trying to find some DayQuil. [crosstalk 00:00:39]



Jill DeWit:

"Do you know you sound like crap?". Yeah, I do know I sound like crap. Cause I feel like crap, but that's okay.



Steven J Butala:

Jill's not feeling well.



Jill DeWit:

I'm Professional.



Steven J Butala:

She's showing up for it though.



Jill DeWit:

I am.



Steven J Butala:

I'll carry you if I need to.



Jill DeWit:

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 don't forget to subscribe on the Land Academy, YouTube channel and comment on the shows you like.



Jill DeWit:

Victor wrote "not sure this would fall under general or resource sharing, but does anyone, anybody recommend a credit card? That'd be great for our business type. It seems like the most expensive operating costs would be mail and online subscriptions. I have checked most business credit cards and none offer more than 1% of cash back for shipping or online services. This is something I never go there."



Steven J Butala:

This is a very, very long discord.



Jill DeWit:

I don't have any advice.



Steven J Butala:

Very long discord. There are a lot of comments. I refrain from commenting but somebody.



Jill DeWit:

Until now.



Steven J Butala:

Well yeah, that's exactly right. Somebody did quote Dave Ramsey and I agree with this and pretty much everything he says, nobody ever got rich on credit card rewards. I can tell you from personal experience, Jill and I have an American Express Platinum business card, and it gives you a tremendous number of points back and for a lot of years, not a lot of years, for a couple of years, until we wised up, we would travel all around and use the points and stay in hotels for free and on and on and on until we realized... until we talked to a main vendor. We have a bunch of other companies that are non land related, where we have to buy cost to consult.



Steven J Butala:

And we were using the American express card to the tune of maybe a $100,000 - $150,000 a month. And we added all the numbers up and so I went to two vendors specifically and said, "Hey, if we stop using this American express card and we actually start wiring you money for all, for this material-



Jill DeWit:

how much will it save?"



Steven J Butala:

He said, "Oh yeah, well, we can knock off, you know,



Jill DeWit:

X percent.



Steven J Butala:

2% in one case in 3% in the other." and we fell out of our chairs, that's $3,000 to $5,000 a month per vendor. So if we add that up, it's real money. So, and then everybody went in Discord and talked about this.

Land Business Can Be Your Legacy (LA 1589)

Transcript:



Steven J Butala:

Steve and Jill here.



Jill DeWit:

Hello.



Steven J Butala:

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



Jill DeWit:

And I'm Jill DeWitt broadcasting from the valley of the sun.



Steven J Butala:

Today Jill and I talk about how your land business can be your legacy. This is Jill's idea, and I think it's actually pretty brilliant. It's something that she and I talk about all the time personally, but I think it's worth it's episode worthy.



Jill DeWit:

It is. Well, thank you. I appreciate that. I have to pause and just share. Is this what goes on in your world? Here's what my partner just told me: "You sound like crap."



Steven J Butala:

And I'm trying to help her though.



Jill DeWit:

I know.



Steven J Butala:

I'm trying to find some DayQuil. [crosstalk 00:00:39]



Jill DeWit:

"Do you know you sound like crap?". Yeah, I do know I sound like crap. Cause I feel like crap, but that's okay.



Steven J Butala:

Jill's not feeling well.



Jill DeWit:

I'm Professional.



Steven J Butala:

She's showing up for it though.



Jill DeWit:

I am.



Steven J Butala:

I'll carry you if I need to.



Jill DeWit:

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 don't forget to subscribe on the Land Academy, YouTube channel and comment on the shows you like.



Jill DeWit:

Victor wrote "not sure this would fall under general or resource sharing, but does anyone, anybody recommend a credit card? That'd be great for our business type. It seems like the most expensive operating costs would be mail and online subscriptions. I have checked most business credit cards and none offer more than 1% of cash back for shipping or online services. This is something I never go there."



Steven J Butala:

This is a very, very long discord.



Jill DeWit:

I don't have any advice.



Steven J Butala:

Very long discord. There are a lot of comments. I refrain from commenting but somebody.



Jill DeWit:

Until now.



Steven J Butala:

Well yeah, that's exactly right. Somebody did quote Dave Ramsey and I agree with this and pretty much everything he says, nobody ever got rich on credit card rewards. I can tell you from personal experience, Jill and I have an American Express Platinum business card, and it gives you a tremendous number of points back and for a lot of years, not a lot of years, for a couple of years, until we wised up, we would travel all around and use the points and stay in hotels for free and on and on and on until we realized... until we talked to a main vendor. We have a bunch of other companies that are non land related, where we have to buy cost to consult.



Steven J Butala:

And we were using the American express card to the tune of maybe a $100,000 - $150,000 a month. And we added all the numbers up and so I went to two vendors specifically and said, "Hey, if we stop using this American express card and we actually start wiring you money for all, for this material-



Jill DeWit:

how much will it save?"



Steven J Butala:

He said, "Oh yeah, well, we can knock off, you know,



Jill DeWit:

X percent.



Steven J Butala:

2% in one case in 3% in the other." and we fell out of our chairs, that's $3,000 to $5,000 a month per vendor. So if we add that up, it's real money. So, and then everybody went in Discord and talked about this.

15 min