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<blockquote data-quote="Cross-7" data-source="post: 1334726" data-attributes="member: 24538"><p>I'll give my 2 cents </p><p></p><p>Save all you can and live as cheap as possible </p><p>Stay away from new pickups and big payments. Good used older pickups do the same job for lots less money </p><p>Same with a house. A house with good bones that needs some tlc is a good investment, if bought right in a good area. </p><p>Put all you can into your 401k</p><p>Save every dime you can. </p><p>Having cash when deals come along really helps. </p><p>This is based on my oldest son so I didn't just dream this up </p><p>He just sold his new dodge diesel </p><p>His big nice new house and taxes are draining him. </p><p>He bought an older pickup. </p><p>Traded his wife's fancy little car. </p><p>Selling his house and building a bigger metal style home in the country to raise his kids. </p><p></p><p>The land part </p><p>My personal experience.</p><p>Sometimes, not all the time, you have to really look and wait, but you can find land that has problems that have need to be fixed.</p><p>Just a couple of examples </p><p>There was one that was land locked and no easement so it was cheap. </p><p>I talked to my neighbor and bought an easement before I bought it </p><p>Another the irrigation right had been sold off. I talked to the county that owned the water rights and they said livestock and domestic use was ok and I could use the existing well but couldn't drill another well unless the current well failed. We had an attorney draw the agreement up and I bought it. </p><p></p><p>A couple others just needed cleaned up, fences repairs, brush sprayed and recovery from overgrazing. </p><p>They were cheap because they looked bad and had sat on the market. </p><p></p><p>Point is look for places that are undervalued that just needs work that people don't want to do. </p><p></p><p>Again stay as debt free as possible. Try to look at everything as investment. </p><p>It's not entirely possible as its takes money to live and things like cars depreciate. Houses and land appreciate but the interest on the loan eats a lot of that up. </p><p></p><p>Just my thoughts </p><p>Take it for what it's worth.</p></blockquote><p></p>
[QUOTE="Cross-7, post: 1334726, member: 24538"] I'll give my 2 cents Save all you can and live as cheap as possible Stay away from new pickups and big payments. Good used older pickups do the same job for lots less money Same with a house. A house with good bones that needs some tlc is a good investment, if bought right in a good area. Put all you can into your 401k Save every dime you can. Having cash when deals come along really helps. This is based on my oldest son so I didn't just dream this up He just sold his new dodge diesel His big nice new house and taxes are draining him. He bought an older pickup. Traded his wife's fancy little car. Selling his house and building a bigger metal style home in the country to raise his kids. The land part My personal experience. Sometimes, not all the time, you have to really look and wait, but you can find land that has problems that have need to be fixed. Just a couple of examples There was one that was land locked and no easement so it was cheap. I talked to my neighbor and bought an easement before I bought it Another the irrigation right had been sold off. I talked to the county that owned the water rights and they said livestock and domestic use was ok and I could use the existing well but couldn't drill another well unless the current well failed. We had an attorney draw the agreement up and I bought it. A couple others just needed cleaned up, fences repairs, brush sprayed and recovery from overgrazing. They were cheap because they looked bad and had sat on the market. Point is look for places that are undervalued that just needs work that people don't want to do. Again stay as debt free as possible. Try to look at everything as investment. It's not entirely possible as its takes money to live and things like cars depreciate. Houses and land appreciate but the interest on the loan eats a lot of that up. Just my thoughts Take it for what it's worth. [/QUOTE]
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