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Non-Cattle Specific Topics
Coffee Shop
Don’t tell people what you know, KEEP THEM POOR!
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<blockquote data-quote="Ryder" data-source="post: 1563615" data-attributes="member: 663"><p>Cheap, old, versus new and expensive are opposite ends of the same heavy and cumbersome stick. </p><p>Some of these comments are really good and I think shows some posters understand that.</p><p>Those that think it is just one way or the highway need to read up on the principles of increasing, decreasing, diminishing returns.</p><p></p><p>I remember the time when there was good money in farming and the prevailing advice was expand and plant fence row to fence row.</p><p>Lenders were throwing money at farmers and they were buying new and expensive equipment.</p><p>I remember a picture I saw of an old farmer puttering along with his small, older, paid for tractor.</p><p>His neighbors had the latest in new equipment and their production certainly dwarfed his.</p><p>He was just an ignorant, old fashioned farmer. Or so the smart hot shots thought.</p><p></p><p>The next scene was of the "modern" farmers losing all that land and equipment at a bankruptcy sale. Suicides were up. They were devastated. </p><p>The old farmer on his small, old, paid for tractor, on his smaller farm. was still operating and making money.</p><p></p><p>My point is it is not just rich Dad or poor Dad--but sometimes frugality and common sense.</p></blockquote><p></p>
[QUOTE="Ryder, post: 1563615, member: 663"] Cheap, old, versus new and expensive are opposite ends of the same heavy and cumbersome stick. Some of these comments are really good and I think shows some posters understand that. Those that think it is just one way or the highway need to read up on the principles of increasing, decreasing, diminishing returns. I remember the time when there was good money in farming and the prevailing advice was expand and plant fence row to fence row. Lenders were throwing money at farmers and they were buying new and expensive equipment. I remember a picture I saw of an old farmer puttering along with his small, older, paid for tractor. His neighbors had the latest in new equipment and their production certainly dwarfed his. He was just an ignorant, old fashioned farmer. Or so the smart hot shots thought. The next scene was of the "modern" farmers losing all that land and equipment at a bankruptcy sale. Suicides were up. They were devastated. The old farmer on his small, old, paid for tractor, on his smaller farm. was still operating and making money. My point is it is not just rich Dad or poor Dad--but sometimes frugality and common sense. [/QUOTE]
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Don’t tell people what you know, KEEP THEM POOR!
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