We had the opportunity to receive about a third of that amount in a lump sum after taxes. I DID pay off everything I could without using all of it. Now, two months after the fact, it's really nice getting the statements with -0- due and no balance. The secret now is to not get into the same situation again. Our net income is now actually more than before without the debt hanging over our heads. How did we get that way to start with? A third poor planning, a third poor money management, and a third due to circumstances beyond control. Could have done something about the first two, but things just happen.
What now??? We still have a little debt, but will have that taken care of in a year, using some of the "new found" extra money not being used for interest payments on balances. It should be noted that many of the things we bought on time are now gone, but the debt was still there.
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Today's Featured Article - A Lifetime of Farm Machinery - by Joe Michaels. I am a mechanical engineer by profession, specializing in powerplant work. I worked as a machinist and engine erector, with time spent overseas. I have always had a love for machinery, and an appreciation for farming and farm machinery. I was born and raised in Brooklyn, New York. Not a place one would associate with farms or farm machinery. I credit my parents for instilling a lot of good values, a respect for learning, a knowledge of various skills and a little knowledge of farming in me, amo
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