Top 5 Habits of Successful Millionaires (LA 1580)
Transcript:
Steven J Butala:
Steve and Jill here.
Jill DeWit:
Hello.
Steven J 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 Scottsdale Arizona.
Steven J Butala:
Today, Jill and I talk about the top five habits of successful millionaires. Recently Credit Suisse, not recently last year in 2020 did a pretty extensive survey. We were not included.
Jill DeWit:
Who did this?
Steven J Butala:
Credit Suisse.
Jill DeWit:
Oh, thank you.
Steven J Butala:
Of 10,000 voluntary millionaires.
Jill DeWit:
Sounds like you're so adamant. Credit Suisse. Okay.
Steven J Butala:
And...
Jill DeWit:
Are they a bank?
Steven J Butala:
Yeah. It's a-
Jill DeWit:
Isn't it a bank?
Steven J Butala:
They're a full bank, an investment bank and all of that.
Jill DeWit:
Okay, all right.
Steven J Butala:
Before we get into-
Jill DeWit:
Are they American millionaires or they're just European millionaires?
Steven J Butala:
They're all American.
Jill DeWit:
Oh, okay. I just have some questions. I'm curious. Thank you.
Steven J Butala:
Before we get in, there's 20 million millionaires in the country.
Jill DeWit:
Okay.
Steven J Butala:
In this country and there's a lot less multi-millionaires. And I don't know the exact number, but it's dramatically less.
Jill DeWit:
So it's just, if you have one million, you're a million.
Steven J Butala:
Yeah. And it's a net worth thing.
Jill DeWit:
There's a lot of people.
Steven J Butala:
It's a net worth. So it could be stock, it could... most houses are worth-
Jill DeWit:
Your retirement.
Steven J Butala:
Equity, and your house is more than a million, so.
Jill DeWit:
That's true. That's all of Southern California.
Steven J Butala:
Yeah.
Jill DeWit:
They didn't start out that way, but they are there now.
Steven J Butala:
Before we get into it, there's a show coming up later this Jack Thursday where I'm going to talk all about California.
Jill DeWit:
Oh, goodie. I can't wait for that one. I will have a helmet on. no kidding.
Steven J Butala:
Thursays become a rant.
Jill DeWit:
I think I'm going to go put my helmet on.
Steven J Butala:
Thursday just become, we should just call it Jack rant Thursday.
Jill DeWit:
Yeah, pretty much.
Steven J Butala:
You know what the problem is? People are emailing me saying this is my favorite-
Jill DeWit:
Sweetie.
Steven J Butala:
My favorite podcast is Thursday when you go off on all this stuff.
Jill DeWit:
Because they're poking the bear.
Steven J Butala:
You think?
Jill DeWit:
Yeah. It doesn't take much.
Steven J Butala:
I never went to my parents and said, "I really love when you yell at me."
Jill DeWit:
Say renovation, renovation. Watch what happens.
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 if you're already a member, please join us on Discord.
Jill DeWit:
Danielle wrote, "Do we need to build a buyers list if we're going after bigger deals that will be handled by an agent? I'm spending all this money doing Facebook ads. And although they're going to my website and submitting their email, I feel like majority of these leads are tire kickers. The general inquiry about my marketplace ads is about the ability to camp or put a mobile on the property. So far, it feels like a waste." What was the beginning of the question? I'm sorry. I would mail the buyers list. Yeah, no, I don't think anything of this is bad at all. Why are you looking at me like I'm nuts?
Steven J Butala:
Well, because I don't think that.
Jill DeWit:
I think it's great.
Steven J Butala:
I don't necessarily... We have a five buyers in a very specific area where I buy and sell a ton of property. I have my stuff and Jill has her stuff.
Jill DeWit:
But you never know.
Steven J Butala:
