All good replies below. I just have a couple things to add. 1) The best thing you can teach your kids is -how to work- 2) The second best thing you can teach your kids is-how to play- My Dad taught me both. You cannot be successful in your financial life if you do not take time to "play". Ever notice how, when you walk away from a tough problem and then come back to it tomorrow with a clear mind, it starts going much better. Hence the "play". 3) You must have a can-do attitude. Successful people will not take no for an answer. Nothing good in life will happen unless you make it happen. 4) And finally- pretty easy to be a millionaire if you start with a million bucks. You just don't know the story behind that visually successful farmer. Was it old money? All you know about him is what you heard at the coffee shop and that is not a reliable source. I don't have a lot but what I have I built myself. Few years ago guy from across the road came to see if I wanted to rent his farm. 80 acres. He wanted to lay it right in my lap. At the time my equip and time was pushed to the max with what I was already farming so I told him no. Yes, I could have gone in dept and bought bigger equip and yes I probably could have made some money off it but what would have that gained me? Could I finally afford to buy better food? No, I eat what ever I want now (and to much of it I might add) Could I finally afford to buy decent clothes? I already have real nice clothes. Could I finally afford to buy a new pickup? No, if I wanted a new pickup I have the money to go buy one tomorrow. I just don't want a new pickup. So renting his land would have cut into my play time and would not have improved my life one bit.
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