Regret or Reward a Few Years from Now (LA 730)

Regret or Reward a Few Years from Now (LA 730)


Steven Butala:                   Steve and Jill here.

Jill DeWit:                            Hello.

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 regret or reward a few years from now. Which one would you rather have?

Jill DeWit:                            Boy, that’s a big, big, big question. I don’t know how we’re going to do this in one show.

Steven Butala:                   I have a lot of personal questions for you this show.

Jill DeWit:                            Oh, this ought to be good.

Steven Butala:                   You can decline them, if you want.

Jill DeWit:                            No, no. I like this.

Steven Butala:                   Plead the Fifth.

Jill DeWit:                            Oh, no. It’s all good.

Steven Butala:                   Decline. Before we get in to it with Jill, let’s take a question posted by one of our members on online community. It’s free.

Jill DeWit:                            I’ll answer anything, as long as it doesn’t appear to be throwing me under a bus.

Steven Butala:                   Oh, my gosh. I would never do that.

Jill DeWit:                            Okay. Thank you. Do you regret, or are you rewarded with X? Okay. Savannah asks, “I’m curious as to why the purchase agreement template suggests that the seller can retain mineral rights. I’m working on a deal in Texas, and the seller wants to retain mineral rights. Doesn’t this mean that the seller wants to have the right to drill for oil even when the property is owned by someone else? If that is the case, who would buy this property?”

Steven Butala:                   Okay. The reason that that’s in there was because I was tired of answering the question, “Hey, can I keep the mineral rights? Can I? Can I, Dad?” That’s my way of saying … and here’s the methodology behind it. We’re not in the mineral business. We’re not miners. There are tons of people in the planet who are miners. They are in the mineral business, and they hate surface rights. They hate our business. They don’t want any part … It’s actually a burden to them to deal with owning the property and paying the taxes, and stuff. They would rather lease the surface from you and do their business under there. Which, frankly, I would rather do that, too, because I am not in the mineral rights mining business, and I have no interest in that.

                                                Jill and I just did a deal last year where there was an existing lease … I think it was natural gas well on a property that we bought. All it did was complicate the deal. This is what we like.

Jill DeWit:                            Everybody got all hung up on it.

Steven Butala:                   We like to buy a property for 20 grand and sell it for 40. No leases, no mineral rights, no problems, nothing. Just a lonely little piece of beautiful property that nobody knows about, that we bought for half price.

Jill DeWit:                            Right. Someone could put a cabin there, and enjoy it, and love it. That’s it.

Steven Butala:                   Yeah. Little House on the Prairie material. Mineral rights complicate everything.

Jill DeWit:                            Right.

Steven Butala:                   You know what? You can have your mineral rights. That’s why it’s in there. It’s not for everybody, but it works for us.

Jill DeWit:                            Right. By removing us from that whole issue, Savannah, we just never talk about it. We never even … If I bought something with mineral rights, and I’m trying to sell it with mineral rights, hey, I better know if the mineral rights are right, and it was truly conveyed all the way down through the whole process, too. I don’t want to be involved, like Jack said. I want to get in and out of the deal and not even think about it.

Steven Butala:                   Yeah, yeah. That’s right.

Jill DeWit:                            By just saying, “Hey, we are basically removing ourselves from anything to do with the mineral rights. You want them, you keep them. Have at it. We don’t care.” It makes everything fast and easy, so it’s good.

Steven Butala:                   The second part of the question, she says, “Doesn’t this mean that the seller wants to have the right to drill for oil, even when the property is owned by somebody else?” No. Let’s say there’s oil on a property. You bought it from this person, and they retain the mineral rights. First of all, they don’t retain the mineral rights, 20 guys before him do.

Jill DeWit:                            True.

Steven Butala:                   There’s no real way to figure that out, but that’s a story for another day.

Jill DeWit:                            Right. That’s a reality.

Steven Butala:                   Let’s say everything is correct. It’s all true, for sake of argument. The seller retains the mineral rights. You buy the property. And everybody, the next day, finds out there’s oil under there. He has to come to you, the former owner, and say, “I want to drill. There’s oil down there. I want it.” You say, “What do you mean there’s oil?” “Yeah, yeah. I’m going to lease your property for $100 a month, so I can pull out a billion dollars worth of oil a minute.” To which you’re going to say, “Well …”

Jill DeWit:                            “It doesn’t work for me.”

Steven Butala:                   “If there’s a billion dollars a day, then I would like half-a-billion dollars a day in rent, and it should still work for you, shouldn’t it?”

Jill DeWit:                            Right.

Steven Butala:                   That’s what goes on.

Jill DeWit:                            Right. “And, you’re going to pay to move the house if you need to.”

Steven Butala:                   All of that. I’m telling you right now … and here’s my final point. We had a student a long time ago, a member who’s no longer a member, who couldn’t focus. We talked about this in the distant past on this show. You have to establish an acquisition criteria and stick to it, even if a fantastic transaction that’s totally out of your acquisition criteria comes across your desk. This guy spent two years trying to buy a property that he was going to do some crazy stuff with. It was the equivalent of me buying a marina. Yeah. Could we make some money? Yeah. Could it be a great thing and a lifelong, prosperous thing? In the time that it takes for me to spend time buying and selling a marina and doing what it needs to get done, I could have done seven bajillion deals. Jill and I could have done seven bajillion deals like water. Like drinking water, it’s so easy for us.

Jill DeWit:                            Exactly.

Steven Butala:                   You can’t get distracted with … If you want to be in the oil and gas business, then go for it. Lots of people do really well there, but I don’t want to.

Jill DeWit:                            Exactly.

Steven Butala:                   That’s the point here, so stay the course.

Jill DeWit:                            Yeah.

Steven Butala:                   Or, change the course, but stay with that course then.

Jill DeWit:                            Thank you.

Steven Butala:                   Do I sound like an angry old man?

Jill DeWit:                            A little bit. Just a tad.

Steven Butala:                   Today’s topic: Regret or Reward From a Few Years From Now.

Jill DeWit:                            Do you regret or feel rewarded with that question Savannah asked?

Steven Butala:                   I feel like I got to hose myself off.

Jill DeWit:                            Thank you.

Steven Butala:                   This is the meat of the show.

Jill DeWit:                            I’ll do it.

Steven Butala:                   You’ll do what?

Jill DeWit:                            Hose you off. All right.

Steven Butala:                   Oh, my gosh. I just got a flashback from like the ’60s. Hosing off protestors, you know?

Jill DeWit:                            Yes.

Steven Butala:                   At some point, and I really actually believe it, we talked about it yesterday. I borrowed this line Tarantino’s Kill Bill, the movie. At some point after you have completed something, a relationship, or anything that you can think of that’s substantial, like a career, or I don’t know. Sending your kids off. You’re going to feel some version of regret or some version of reward. I don’t think I need to tell you which one is better. Now that you know that, which is the good news, you know how it’s going to end. You know you’re going to be staring at yourself in the mirror at the end of the whole thing, and you know which one you want. What do you do now to make sure it’s the one that you want, not the other one? Go ahead.

Jill DeWit:                            I think, deep down, we all know it right then.

Steven Butala:                   That’s what I think, Jill. Please expound.

Jill DeWit:                            If we don’t … Deep down, we all know that we’re either going to be grateful that we stuck with it, or we’re going to be kicking ourselves that we didn’t get out sooner or just call a spade, a spade. We all know it then and there. For some reason, we might go down the wrong path, and we justify it. I don’t know why people do that.

Steven Butala:                   Because, they feel stuck.

Jill DeWit:                            They’re afraid. That’s it, they’re afraid. We all know right now … You know right now today if you’re in the job you should be in, or if you’re not in the job you should be in.

Steven Butala:                   That was the example I was going to use, but please go ahead.

Jill DeWit:                            You’re either going to get up in the morning, and you’re going to make some changes. You’re going to go down the path and start setting up your resume, saving money to make a change, getting the word out, looking. Maybe getting some additional training if you need it to make a move. Whatever it is, you know right now. Come on. But, you’re afraid. You’re not doing it, usually, because you’re afraid. You’re just going to stay in this job.

Steven Butala:                   I agree with everything you’re saying, but I don’t think it’s afraid for a lot of people.

Jill DeWit:                            Really?

Steven Butala:                   Yeah. It wasn’t afraid for me before I took the leap. It was-

Jill DeWit:                            But, you weren’t afraid.

Steven Butala:                   Yeah. Well, you know what? I had the luxury-

Jill DeWit:                            You have no fear.

Steven Butala:                   I had the luxury of making those decisions before my life got started and most people don’t. Most people … What I’m getting at in a round about way is, when you’re married with kids, you’re stuck. All the material decisions that I made were long before that.

Jill DeWit:                            Don’t you think you could start something on the side while you’re married with kids, though?

Steven Butala:                   Yeah. Absolutely.

Jill DeWit:                            I got a bunch of examples of people doing it very well, right now, in Land Investors.

Steven Butala:                   But, when you talk about regret or reward, and you’re sitting there looking at somebody who’s in a wrong job. When they say something like, “Oh, I’ve only got 382 days until retirement,” or 3,000 days, or where they’re counting it down. That person is going to regret everything when that’s done. They’ve already decided … Like you said, they probably decided that’s going to be regret, consciously or subconsciously.

Jill DeWit:                            Right.

Steven Butala:                   I think that if you say to that person, “Well, what do you mean you’re counting down until you’re going to retire? What the heck is that?” They’re going to tell you, “Well, I don’t have a choice. I’m stuck.” “What do you mean you don’t have a choice?” “I have no choice. I’ve got a mortgage.” They reel off the reasons. A guy will, anyway. Women are probably different. You’re going to tell us if they’re different in a minute here. But, that’s really what goes on with guys. It’s like, “No, I can’t. The risk that I would have to take is too catastrophic if it doesn’t work. It’s going to sink the whole ship.”

Jill DeWit:                            If the risk is so high, why don’t you put some more work into it and find a less risky way to do it?

Steven Butala:                   Give me an example.

Jill DeWit:                            All right. You’re stuck in a job. You feel-

Steven Butala:                   You’re stuck in a job that pays 200,000 bucks a month.

Jill DeWit:                            Right. And, you hate it.

Steven Butala:                   I mean, $200,000 a year, and you hate it.

Jill DeWit:                            You hate it.

Steven Butala:                   You hate it. You hate everybody there. It sucks you got to work, but you have to pay your bills. How are you going to find another job at that level that you like? See, the risk/reward doesn’t work for most guys. It wouldn’t work for me, I’ll be honest with you.

Jill DeWit:                            Really? You’d just ride it out?

Steven Butala:                   I would probably start something on the side, like on the weekends and stuff, and try to make up for it somehow.

Jill DeWit:                            That’s what I’m saying.

Steven Butala:                   Or, more importantly what I would do is get rid of those expenses. I’ve been in that situation before, and I have gotten rid of them.

Jill DeWit:                            There’s a couple things you could do. That’s good. Get rid of the expense. Thank you for not saying, “Get rid of the wife.”

Steven Butala:                   Well, that’s what I mean.

Jill DeWit:                            I know. Thank you for not saying it just the same.

Steven Butala:                   You’re a crack up, Jill, you know that? I don’t know if you represent most women. I’m pretty-

Jill DeWit:                            I’m pretty sure I don’t.

Steven Butala:                   You don’t.

Jill DeWit:                            Anyway. You nailed it, though. You’re already making some changes. You can make some subtle … You know what I would do if I was stuck in that job? Number one, I would cut my expenses down as best I could. Number two, I would get this job to a well oiled machine. I would know what I have to do to stay in good grace at my job and not worry about my job. I’m not going to try to kill it there, because why am I killing it for them? I want to kill it for me. I’m going to maintain. Then I’m quietly over here building my own little empire, until I can tell my boss what I really think.

Steven Butala:                   Yeah.

Jill DeWit:                            There you go.

Steven Butala:                   Building my own little empire. I like that.

Jill DeWit:                            Thank you.

Steven Butala:                   What do you regret? If you’re done with that microrant you were just on.

Jill DeWit:                            My girl rant. That’s a great name of a band. My Girl Rant. That’s it. Have you heard them? They’re awesome. What do I regret?

Steven Butala:                   Yeah, think about it that hard.

Jill DeWit:                            I guess … You know what?

Steven Butala:                   You had a job with a large company for a lot of years.

Jill DeWit:                            Couple things. Well, first of all, I regret not pushing the … My right out of high school/college goals, my parents talked me out of, and I should have stuck to my guns. I regret that there, number one.

Steven Butala:                   And, you solved it?

Jill DeWit:                            I did, but it took some time.

Steven Butala:                   So, you turned the regret into reward eventually?

Jill DeWit:                            I did.

Steven Butala:                   All right. Go ahead.

Jill DeWit:                            I did. Then number two, a lot of it’s my … Look at me. A lot of it’s my parents related. I was doing what I thought … So, here’s what I regret. I regret doing what I thought had to be done until I figured out I don’t have to do what society, a.k.a. your parents, tell you has to be done.

Steven Butala:                   How many years ago?

Jill DeWit:                            Right before I met you.

Steven Butala:                   Oh, yeah.

Jill DeWit:                            I pissed off my whole family.

Steven Butala:                   Wow.

Jill DeWit:                            I finally stood up for myself, and said, “This is not right. None of this feels right.”

Steven Butala:                   You know, that was a full blown attraction for me, that you were putting your middle finger up to all of it.

Jill DeWit:                            Thank you. That’s what I did.

Steven Butala:                   I love that.

Jill DeWit:                            It took me a while to figure it out, but man, I went the path in the status quo. Thank God I did it. It was right before a milestone age, and I said, “I’m out of here, man.” I hit the … Boy, when I flipped that switch, I flipped it big, man.

Steven Butala:                   Some people call that a midlife crisis, and I think they’re nuts. I think that midlife crisis is the universe’s way of saying, “Wake up, man, because you’re going to regret this, not feel reward.”

Jill DeWit:                            Right. Depending on what you do. For me, I made all these life … I made conscious, good … I didn’t just go buy a fancy car. That, for me, is a midlife crisis. If you make no change and buy a fancy car and get hair implants, then it’s a midlife crisis. You just keep the same wife, keep the same house, keep the same kids, keep the same job, keep the same everything, but you just do those few little things, that’s a midlife crisis. But, if you have … I had a revelation.

Steven Butala:                   Yeah.

Jill DeWit:                            I knew it. I knew it my whole life. We talked about it this morning. It’s been brewing. It was brewing and brewing and brewing, and I finally couldn’t take it. I snapped.

Steven Butala:                   That’s my point about the new car. There’s way more going on than just the new car.

Jill DeWit:                            I regret not doing it sooner, but I am so rewarded for doing it when I did.

Steven Butala:                   Good.

Jill DeWit:                            Thank you. What’s yours? What’s yours?

Steven Butala:                   I regret … For me, the timing was actually pretty good. The cards that got played were played in the correct order. The last real job that I had, I stayed in that way too long.

Jill DeWit:                            Which one was that?

Steven Butala:                   Investment banking.

Jill DeWit:                            How old were you?

Steven Butala:                   I’m thinking like … I don’t know. I don’t know if I was 30.

Jill DeWit:                            Okay.

Steven Butala:                   Maybe 32-ish. If I was there … No, I don’t think so. Yeah, maybe. I don’t know. It was in 2000. 1999, 2000. Yeah, 30.

Jill DeWit:                            Okay. And?

Steven Butala:                   I don’t have a lot of regrets, I got to be really honest. The stuff that was really … I made some decisional based mistakes in my life that I got out of pretty fast, once I realized it was wrong.

Jill DeWit:                            That’s good.

Steven Butala:                   I have a couple of business decision regrets. Huge business decision regrets that I made between 2008 and 2011, before I met you.

Jill DeWit:                            I was in there for some of that stuff.

Steven Butala:                   It all has to do with marketing.

Jill DeWit:                            I was there.

Steven Butala:                   At the tail end. I bought a bunch of office buildings, which turned out to be a mess for a lot of reasons. Found out I’m not a landlord. That’s not what-

Jill DeWit:                            Right. We’re still not landlords.

Steven Butala:                   Yeah. My concept of marketing was nothing.

Jill DeWit:                            Right.

Steven Butala:                   It almost sunk the ship, but I realize now that … We turned it around. Together, you and I did. We jumped on the social media internet bandwagon, which was probably one of the best decisions. I totally feel rewarded for that.

Jill DeWit:                            Right.

Steven Butala:                   Now even at my age, which is pretty unusual, I’m totally and completely embracing the 21st century version of online marketing. We have a couple of young kids working for us in the 20s, and I’m soaking up the stuff that they say like a sponge.

Jill DeWit:                            What’s funny is we’re still teaching them things, too, which cracks me up. The whole notion that the younger generation has the upper hand is so not true.

Steven Butala:                   Yeah. They have core skills that … there’s some skillsets that they have, they have developed for whatever reason.

Jill DeWit:                            They can make a Snapchat story better than I can, or an Instagram story, and stuff, but yeah.

Steven Butala:                   They have some skillsets that I haven’t developed. But, I do have the wisdom to look at those skillsets and I know what to do with them.

Jill DeWit:                            Right.

Steven Butala:                   I feel really rewarded about that. I can’t imagine winding this down, whenever we choose to do that, and feeling any regret. If there’s anything, and I’m fishing now, it’s like we didn’t let it get big enough. But, it’s big, but I think we’re going to … It’s getting big. It’s getting huge.

Jill DeWit:                            It’s going to get even bigger. We’ve only begun. We’ve really only begun.

Steven Butala:                   Right.

Jill DeWit:                            We look at these things. Then for our listeners, knowing what you know now, what would you share on this topic, regret or reward, a few years from now? What do you want them to know?

Steven Butala:                   This is the whole takeaway from the show. You now know that when this is done, and I don’t mean done, and you close it, and you’ve got enough money in the bank. But, you know you’re going to feel one of these few things, regret or reward. Stand wherever you’re standing right now and make a decision. Break it all down. Deconstruct the whole thing day-by-day, if you need to, to get to that reward point and not the regret point. I’ here to tell you, there are hard decisions sometimes.

Jill DeWit:                            I agree. I think you know which one it is. You know you’re going to regret it, or you know if you’re on the right path. So, the stuff that you’re going to regret, make a quick, quick plan, like your day-by-day plan, to get out of it. Make those changes. The other ones, make a quick plan to be focusing on and pushing it forward.

Steven Butala:                   Exactly. You know that married couple that are in their 20s in our group? They sent us an email about a week ago, I think.

Jill DeWit:                            Yeah. Yes.

Steven Butala:                   These people sold their furniture.

Jill DeWit:                            I know.

Steven Butala:                   I had no … They’re telling us this story after they’ve reached this reward point.

Jill DeWit:                            Right, and they’re now sharing it.

Steven Butala:                   They sold their furniture to do this, and they’re killing it.

Jill DeWit:                            I know.

Steven Butala:                   They sent us pictures of …

Jill DeWit:                            It’s so cool, you know? And, “Hey, look at this suit that wasn’t from Goodwill,” and all that. “But, we still love Goodwill.” We love Goodwill. It was just so cool. Man, talk about no regrets for those guys.

Steven Butala:                   Right.

Jill DeWit:                            They did it right.

Steven Butala:                   Exactly.

Jill DeWit:                            And, they are reaping the rewards.

Steven Butala:                   People always say, “Looking into the future, I can’t see what’s going to happen next.” “Come on, man. What are you talking about? Yes, you can.” I’m telling you, you’re going to feel regret/reward at some point. Maybe all along the way, if you’re like us. I’m telling you right now you can see real estate cycles. Real estate cycles are 14 to 18 years. Sometimes they’re as short as 11. Can you see what’s going to happen exactly tomorrow? No. But, you can make a pretty darn good educated guess about when the next downturn is going to be by looking at data. You don’t know what’s going to happen next? You know exactly what’s going to happen next. If you’re in a job or a relationship that sucks, and it’s taking everything you have to go do it every day, you know what’s going to happen next unless you do something about it.

Jill DeWit:                            Right. That’s true. That’s what I was just going to say. You have to be honest yourself.

Steven Butala:                   I have a buddy in Phoenix who owns a house that he’s never been able to afford. It’s pretty much wrecked his life. You know who I’m talking about.

Jill DeWit:                            Yeah. I do.

Steven Butala:                   So, that’s all … He’s gotten so used to just complaining about the fact that he doesn’t have any money, but he’s got this big house, that it’s just his life now.

Jill DeWit:                            Right.

Steven Butala:                   [inaudible 00:20:04] a easy way to get out of that, I think.

Jill DeWit:                            Exactly.

Steven Butala:                   A lot of this stuff is easier … Once you get done with it, you’re like, “Yeah, that wasn’t that bad.”

Jill DeWit:                            Do you know what’s interesting, is that it’s scary at first, I think. You know it. You know it yourself, and you have to do it. But, once you start going down that path, it’s a little scary at first making the changes. Maybe for this person, it’s like putting his house on the market. Like, “Oh, no. Where am I going to live? How is this going to play out? Is anybody going to buy it?” Whatever it is. But, once you start going down that path, you’ll get little rewards going, “Ah, I’m sleeping better now I don’t have that.” That’s a reward, for me. Then you know you’re on the right path. Keep doing it.

Steven Butala:                   See, that’s what men don’t have. Women are fortunate. Men don’t have feelings.

Jill DeWit:                            Well, how about this? The bank balance went up.

Steven Butala:                   I don’t try something to see how it feels.

Jill DeWit:                            Our reward is I sleep well at night. Maybe for you, Steven, your reward is the bank balance is up now, because you sold the house, you paid off your bills, and you have money in the bank. How’s that for a reward?

Steven Butala:                   Yes. That’s outstanding.

Jill DeWit:                            Thank you.

Steven Butala:                   It’s not a feeling.

Jill DeWit:                            So, now keep doing that.

Steven Butala:                   It’s empirical evidence. That’s what I enjoy.

Jill DeWit:                            Geez.

Steven Butala:                   Well, you’ve done it again. You’ve spent another 22 minutes … We went way over.

Jill DeWit:                            I hope you don’t regret listening to this show.

Steven Butala:                   After every episode of The Land Academy Show, you will either feel regret or reward.

Jill DeWit:                            Or, reward.

Steven Butala:                   Join us tomorrow for another interesting episode, where we discuss how to make mistakes at 100 miles an hour, to quote my old football coach.

Jill DeWit:                            And, we answer your questions posted on Go there. It’s free.

Steven Butala:                   You are not alone in your real estate ambition.

Jill DeWit:                            Okay.

Steven Butala:                   It’s like a therapy session.

Jill DeWit:                            I’m going to ask you some quick questions. We’re going to play a game. It’s called Regret/Reward.

Steven Butala:                   Okay.

Jill DeWit:                            I’m going to fire things out to you, and you’re going to say, “Regret,” or, “Reward.”

Steven Butala:                   Okay.

Jill DeWit:                            Okay. The purchase of your latest vehicle.

Steven Butala:                   Reward.

Jill DeWit:                            Where we live today.

Steven Butala:                   In the middle. I love where we live, it’s just stupid expensive.

Jill DeWit:                            It’s a little bit of both.

Steven Butala:                   It’s dumb expensive, actually.

Jill DeWit:                            I regret writing the check.

Steven Butala:                   Put it on the list that if somebody told me 15 years ago that I would be paying X to live in Y, I would say-

Jill DeWit:                            “You’re nuts.”

Steven Butala:                   I would say, “There’s not a circumstance on this planet where that would happen.”

Jill DeWit:                            Well, thank you. Number three … and I thank you a lot.

Steven Butala:                   I’m doing it for you. That’s full blown doing it for

Jill DeWit:                            Thank you. I really like that. Thank you very much. Our business.

Steven Butala:                   Oh, full blown reward there. There’s nothing bad about our business. We got a great crew right now, probably for the first time ever. We have a fantastic group of people working with us right now.

Jill DeWit:                            How much work it takes to run our business.

Steven Butala:                   No. That’s rewarding.

Jill DeWit:                            Okay.

Steven Butala:                   I’m not afraid of work. Are you?

Jill DeWit:                            I’m definitely afraid of work. Have we met?

Steven Butala:                   This isn’t even work.

Jill DeWit:                            Have we met?

Steven Butala:                   I don’t even feel like I have a job.

Jill DeWit:                            Hello.

Steven Butala:                   This isn’t work, at all.

Jill DeWit:                            Okay. Leaving Michigan.

Steven Butala:                   Oh, my gosh. Reward.

Jill DeWit:                            Living in Arizona for a long time.

Steven Butala:                   Could have shorten that. I don’t regret it, though.

Jill DeWit:                            Okay. Trying to think of some others here. I’m not going to do the … like the ones, because we all know it’s going to be reward.

Steven Butala:                   You know what I regret?

Jill DeWit:                            What?

Steven Butala:                   Not going into the military for two years.

Jill DeWit:                            Really?

Steven Butala:                   Yeah. It is one of my biggest regrets. I’ve always had it.

Jill DeWit:                            Really?

Steven Butala:                   Yeah.

Jill DeWit:                            I did not know that.

Steven Butala:                   I just think it makes you a better person.

Jill DeWit:                            I would agree with you.

Steven Butala:                   God, I’m going to get emails, now.

Jill DeWit:                            No, I think that’s really cool. I just had a communication with a guy the other day. He just kind of mentioned it in there, and at the very last line, I just said “Hey, by the way, thank you for your service.” The kid was blown away that I said that.

Steven Butala:                   Yeah. You might not be able to go in for two years anymore. It might be four, but still.

Jill DeWit:                            Right.

Steven Butala:                   I would have qualified for West Point, and stuff. That would have been …

Jill DeWit:                            That would have been cool.

Steven Butala:                   Yeah. How about you?

Jill DeWit:                            Well, you want to ask me some questions real quick?

Steven Butala:                   Not really, because I know the answers. I don’t think that you have any regret … It’d be easier to cut to the chase and say what do you really regret, like I just did with the military.

Jill DeWit:                            I kind of shared them in the show. I regret not trusting my gut a long, long time ago and making some changes that I should have changed.

Steven Butala:                   Oh, sure.

Jill DeWit:                            I just went down a path I didn’t want to go down. I started in a career that I didn’t really want. I thought I did. I convinced myself, “Oh, you’re here because you can travel,” or whatever it is. I’m like, “That was dumb.” I certainly wasn’t there for the money. That was dumb. I regret that.

Steven Butala:                   This is the longest show we’ve ever had.

Jill DeWit:                            It is. Share the fun by-

Steven Butala:                   Hold a second. I have one more thing to say.

Jill DeWit:                            Okay.

Steven Butala:                   None of this really matters. What the point is, is that you know now that regret or reward is at the end of everything. So, it doesn’t matter what’s happened in the past. Not one darn thing in your whole life matters, except for what’s going on this very minute and the decisions you make going forward. Because, you can control that. Some people, they destroy their lives because of stuff that’s happened in the past. I’ve seen it. You just got to look forward. Start making the right decisions now.

Jill DeWit:                            Beautiful. Thank you. Share the fun by subscribing on iTunes or wherever you’re listening. While you’re at it, please rate us there. We are Steve and Jill.

Steven Butala:                   We are Steve and Jill. Information-

Jill DeWit:                            … and inspiration-

Steven Butala:                   … to buy undervalued property.

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