Menu
Forums
New posts
Search forums
What's new
New posts
New media
New media comments
New profile posts
Latest activity
Media
New media
New comments
Search media
Members
Current visitors
New profile posts
Search profile posts
Log in
Register
What's new
Search
Search
Search titles and first posts only
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Forums
Non-Cattle Specific Topics
Every Thing Else Board
Average Income
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Help Support CattleToday:
Message
<blockquote data-quote="backhoeboogie" data-source="post: 993832" data-attributes="member: 3162"><p>Even when I was "debt free" way back when(20 years ago?) I still had car insurance, house insurance, health insurance, property taxes and other payments. </p><p></p><p>My CPA had me buying equipment and leasing it back to my corporation a few years back when I was sidelining. That's a nice racket to get in to. Makes more sense to lease things that way. A direct write off for the corporation. Minimal profit and depreciation for me. </p><p></p><p>Going in debt to make profits is okay with me. Going in debt for toys ain't. My tractor is a '78 that was bought with cash etc. all farm equipment and cattle are mine. The cat, the hoe, trailers etc are mine. </p><p></p><p>Bank holds the title to my house with a line of credit. I go in and out of debt there frequently. </p><p></p><p>I bought more land recently. Cows gotta pay for that. Every time I have bought land and sold it I profitwell.</p></blockquote><p></p>
[QUOTE="backhoeboogie, post: 993832, member: 3162"] Even when I was "debt free" way back when(20 years ago?) I still had car insurance, house insurance, health insurance, property taxes and other payments. My CPA had me buying equipment and leasing it back to my corporation a few years back when I was sidelining. That's a nice racket to get in to. Makes more sense to lease things that way. A direct write off for the corporation. Minimal profit and depreciation for me. Going in debt to make profits is okay with me. Going in debt for toys ain't. My tractor is a '78 that was bought with cash etc. all farm equipment and cattle are mine. The cat, the hoe, trailers etc are mine. Bank holds the title to my house with a line of credit. I go in and out of debt there frequently. I bought more land recently. Cows gotta pay for that. Every time I have bought land and sold it I profitwell. [/QUOTE]
Insert quotes…
Verification
Post reply
Forums
Non-Cattle Specific Topics
Every Thing Else Board
Average Income
Top