Posted by SweetFeet on July 30, 2013 at 13:07:53 from (70.35.103.74):
In Reply to: Can it be done? posted by Joe Pro on July 30, 2013 at 11:36:37:
Joe Pro,
I love to see people live out their dreams... but it is pretty hard to do, I think.
I would farm - but keep the job with the steady paychecks and the health insurance that goes with it.
We bought an 80 acre farm when we first got married. Husband raised hogs and farmed (but we both kept our full-time jobs). We were able to bankroll quite a bit of cash...THEN we had kids and they cost money. :)
We have always lived very frugally - did not go out or eat out for years after we bought the farm. We have done most improvements around here ourselves to save money, and only did them as we could afford it. Most expensive vehicle we ever bought was just last year (been married 28 years) -- we spent $8K for my husband's "new to us" pickup. But I don't see how we ever could have just lived off the farming (even if we home-canned food and did our own butchering).
One main thing is, we did not want to risk living without health insurance.
Another thing is, we bought our farm - lived on a very tight budget, kept the jobs and we should be debt-FREE in just a few more years. Conversely, brother-in-law started out renting young 'cuz he really wanted to farm... he is STILL renting 28 years later (owns NO ground except a small building site). As I said, we are getting close to having the farm paid-off, he is still renting (and built a new house)... he will have to work until he is 95 or dies - whichever comes first! LOL.
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