I grew up on a farm, my parents still own it. They have 250 acres and milked around 50 cows. Today they live there yet and are pretty well off. They never went on any vacations raised 5 of us kids and saved all their money, only investing in bonds. You cant do what they did today but they never ever borrowed any money except from my grandpa to buy their farm. They paid $250 interest no principle every month until grandpa died.
I go back there every week and love it. They still doing their thing at 84 years old living in the house that grew dad grew up in. They are good people and always pay their bills. They never pay any bill until the last day that it is due. Its their money until then.
My dad told me when I was a kid farming is getting really tough. It used to be when he needed something like a new manure spreader there was always money in the checkbook to buy one. These days its not always the case… that was 50 years ago lol
