Psychology of Choosing Land Investment as a Career (LA 1622)
Transcript:
Steven Jack Butala:
Steve and Jill here.
Jill DeWit:
Hi.
Steven Jack Butala:
Welcome to the Land Academy Show, Entertaining Land Investment talk. I'm Stephen Jack Butala.
Jill DeWit:
And I'm Jill DeWit, broadcasting from the Valley of the Sun.
Steven Jack Butala:
Today, Jill and I talk about the psychology of choosing land investment as a career. It seems simple, but it's not.
Jill DeWit:
I love this.
Steven Jack Butala:
So do I.
Jill DeWit:
It's really good. I have two, I think, really good points that I see as, for me personally, why we do this and why it makes sense to me and I'm happy to share. Because I know a lot of people think like I do, and I want to share this.
Steven Jack Butala:
Over the course of the years, I've had people way more successful and wealthy than me and way less successful and wealthy than I am make comments on this, and none of it's wrong. So this show is about the perception, those perceptions.
Jill DeWit:
I think maybe some of it might be wrong, but that's okay.
Steven Jack 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:
Steven wrote, "I feel like Land Academy is a cheap code to the game of life in terms of financial precarity. Once you prove the concept to yourself, it's hard not to evangelize this to all the people you care about, but it's strange because they look at you like you have two heads."
Jill DeWit:
I love this. This is why I stopped a long time ago. When people say, "What do you do?" I never really tell them what I do, because they don't get it. They do look at me like I have two heads. And then it opens up the whole can of worms of me explaining it, and then half hour goes by and they're still looking at me sideways and I'm like, "I just wasted a half hour. I could have been talking about something more fun or just be doing nothing."
Steven Jack Butala:
And this falls into the heading of you either get it or you don't.
Jill DeWit:
Exactly.
Steven Jack Butala:
And you're not going to tell anybody or sell anybody about the fact ... if somebody's on the fence about whether or not this works ...
Jill DeWit:
Let them sit on the fence.
Steven Jack Butala:
They'll be there forever. They're not ...
Jill DeWit:
Don't push them on the other side.
Steven Jack Butala:
People come to their own conclusion about whatever they see on the internet or talk to people. They come to their own conclusion about whether or not it works. You can see it in their eyes. Jill and I used to go ... this is a long time ago. Before we started Land Academy, just to see what other people are doing, like in 2013 and 14, we would go to these meetups.
Jill DeWit:
Yeah, and sit in the back.
Steven Jack Butala:
And stand in the lobby, and not necessarily even go to the event, just go to the ... stand in the lobby, have a cup of coffee and talk to people and listen to people. And of course they were all real estate events about buy and selling houses just like today. Buying and selling houses is ridiculously ... and renovating them ... inefficient. And we know that. We've renovated houses and learned that the hard way. But it consumes ... people are just ... it has this designer component to it, which fascinates certain people. So when you say to somebody who either wants to or has bought and sold a house and renovated it and made $22,000 that buying and selling land is easier and better, they're either going to ... the light bulbs either are going to immediately go off, or they're going to say, "That's the stupidest thing I've ever heard."
Jill DeWit:
And that's sad. It's like, "Well, what do you mean? You don't get to pick the carpet and the wall?" That's really what they're doing. They must be fulfilling a love of just shopping...