Join Date: Jun 2014
Location: west central Manitoba
Mentioned: 0 Post(s)
Quoted: 394 Post(s)
In **** piles of debt but its all (all long term debt) locked in for twenty years at 5%, pay a bit more now for security in the future. Sorry but life has taught me to borrow and buy.
Is it risky? yes everything has risks. Would love for someone to explain to me how the **** I get farming without all this debt. Saving up would have been the stupidest thing I could have done, woulda had to save pretty fast when land prices double every time you turn around.
So look down at me cause I'm loaded with debt if you want, its the only way I could do it (sorry dad didn't give me the farm). I know its been said before but I started with nothing and if that's what I end up with then I haven't lost a thing.
Currently 30 years old with a net worth most people would have to work their entire lives to achieve and I bought it all, don't farm dad's land only my own, no silver spoons here, I'll admit I did have help with machinery, but other than that nothing just hard work and debt.