0:01
to schedule and host events in my home.
0:04
So, this is another misconception with
0:06
the Augusta rule that you have to put in
0:08
tons of time planning events that you
0:10
have to then let people into your home,
0:12
then you have to, you know, spruce it
0:14
all up in certain ways, take a ton of
0:16
time, a ton of extra work, distract you
0:17
from what you do for a living. And
0:19
that’s not necessarily the case at all.
0:20
Yes, there is some work to planning and
0:22
scheduling events. Now, the app makes
0:25
that as easy as possible. You you
0:26
schedule within the app. You don’t lose
0:28
the events. It’s all stored there, but
0:30
you still do have to plan proactively
0:33
and you do have to have actual events.
0:34
First time through was harder. You put
0:36
in the effort the first year. You figure
0:38
out what sorts of events make sense for
0:40
you. We’ve given a list of suggestions.
0:42
Uh annual meetings for your entity,
0:44
which you probably should be doing,
0:46
meetings with employees or contractors,
0:48
which you probably already do. You just
0:50
need to shift the location a bit.
0:51
Meetings with customers, potential
0:53
funding sources. These are all things,
0:56
if you think about it, that you’re
0:57
already doing just in a different
0:59
setting, whether it’s at a restaurant,
1:01
over the phone, or whatnot. There’s so
1:03
many things that you can include in the
1:04
Augusta rule. Things that actually fast
1:06
forward the objectives of your business,
1:08
things that bring profit into your
1:10
business, and you get the bonus of
1:13
having tax-free income while doing it.
1:15
So, scheduling and hosting events does
1:17
not have to be a pain. Also, when it
1:20
comes to hosting events, if it’s just a
1:22
business meeting, I don’t think your
1:23
team cares about having the property
1:25
completely spruced up. Just get around
1:27
the table, have an actual legitimate
1:29
business meeting. It does not need to
1:31
take a ton of extra preparation. Beyond
1:33
that, we’re asking you, if you think it
1:35
makes enough sense, given the amount of
1:36
money involved, to change the location,
1:39
move the event that you’re already doing
1:41
slightly formalized, to your home.
1:43
That’s it. Do what you’re already doing.
1:46
Do it in a different place. Takes a
1:48
little bit of effort in year one. Once
1:49
you’ve got the template down, you
1:51
delegate it. It’s a lot easier. Net
1:53
present value of savings year after year
1:56
after you put in the initial effort in
1:57
the first year. Well worth it.