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Tractor Talk Discussion Board |
Re: Equipment Loans
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Posted by Tom in TN on November 30, 2006 at 19:58:17 from (4.153.50.125):
In Reply to: Equipment Loans posted by Youngfarmhand on November 30, 2006 at 18:23:20:
Young, Here's an even better idea - don't get loans. If you're serious about wanting to farm, don't get married, don't have kids, don't buy a fancy truck, don't buy a bass boat, don't buy an arsenal of guns, don't drink up or smoke up your money. If possible, live at your parents' home as long as you can. Work off the farm in a cash paying job and save every penny you can. There's a financial guy on the radio in Nashville who says, "Live today like nobody else, so that tomorrow you can live like nobody else." Stay out of debt. When you have the money, then start farming. Pay as you go and sleep well at night. You might have to rent a farm when you finally have enough money to start farming, but eventually you'll be able to buy land too. At least that's my opinion. Tom in TN
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