I agree with the only time I see debt as a possiblity is when it can produce an income. I took a loan to start our little electrical company. I was reasonable with the amount and knew I could cover it if the business didn’t make it though. Luckily we did well and paid it off in the first year. One good thing about land is you could always sell it if needed, as long as you have enough in reserve to handle the payments for a while to sell.
And thats just what a smart prepper would do. I always recommend (to anyone who would listen) that a person should have at least a 12 month reserve in cash on hand to cover ALL of their expenses; mortgage, utilities, food, etc.
Agreed. I know that sounds like a lot for a young person or someone just starting out, but it is doable. With consistent saving and the occasional extras you get (tax return, birthday gift, etc), and watching where and how you spend, you can build up enough savings much sooner than you think. I also know that if you don’t have a plan to save then you will just live from one financial emergency to the next. Thinks break, get stolen or lost, etc, and if you don’t have some savings to cover them it sucks.
The first advice I read was someone said$500. I think that’s too little. Then I read $1000, then 10, 000. Now you are saying a year.
I think it is wise.
Your absolutely right. Set small goals that can be easily reached. And never stop saving. Right now the economy is doing great, and I think it will continue doing good for a few more years. The problem is the economy is also very fragile and could turn over night.The first advice I read was someone said$500. I think that’s too little. Then I read $1000, then 10, 000. Now you are saying a year.
I guess I will set small goals for an emergency fund, but never stop saving for it or never have a final goal.
Any money spent on maintenance is money well spent. It's kind of like cheap insurance. I just need to change the hydraulic fluid in my tractor and change oil in 2 generators and all my maintenance is up to date.
I've been saving for a road trip this summer, but I've made a rule that I have to put an equal amount toward general savings. It's made me work some crazy hours, but my savings have grown a lot. Sometimes I have to give myself incentives.The first advice I read was someone said$500. I think that’s too little. Then I read $1000, then 10, 000. Now you are saying a year.
I guess I will set small goals for an emergency fund, but never stop saving for it or never have a final goal.
I’m a big believer in saving, but I also realize that life is short. Really short. Don’t live for tomorrow so much that you forget to enjoy today. Live for the moment and enjoy yourself as much as you can, just not with your last dime...
I hear they are good coyote protection for your calves and other livestock. Apparently they have some attitude against predators. I’m really not sure if this is a myth or not, but it’s the only reason I’ve ever heard of to keep them.
Where are you thinking of going? (I work a lot so live thru others)....
Basically the entire western half of the United States. We are visiting every state west of the Mississippi that I haven't been to. We're going paragliding, camping, hiking, horseback riding, and zip-lining along the way. We're even going to cross the border into Canada at one point.
Donkeys are great copacompa animals and very terretorial, at least the full size. Good alarm systems too. I have no experience with the minis, but when we had donkeys in front of the house, they always let me know when someone drove up. Also if something didn't belong in their pasture, they would try to run it off protecting my goats and cows.
These things are so small I don't know how much of a threat they'd be to a predator. The wife's having them trucked up from California, so that's another mark against them.
