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Family wants to put money into my cattle. Urgent!
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<blockquote data-quote="Conagher" data-source="post: 108222" data-attributes="member: 1818"><p>I think it depends. A family arrangement with one of your kids is not necessarily the same arrangement you would make with a bother-in-law/sister. It may also depend on the individual you are dealing with. I would work an arrangement with my father-in-law long before I would with my brothers or sister.</p><p></p><p>I pay my boys (12 & 10) a $2 per hour as credit. Once they work up enough hours to get what they want, I go buy it for them. Both boys combined their credit recently and got a new ATV. With my father it was more free labor, he figured I owed it to him for room & board, just as his father did. At 12 yrs old I had to start working for other farmers/ranchers in the area to earn money to buy school cloths, etc. </p><p></p><p>Ollie's comment is interesting. My father told me just before he died, "Son, I'm leaving you the same thing my father left me, this whole wide world to make a living in." And that's just what he left me. I haven't decided yet if I will follow this family tradition.</p></blockquote><p></p>
[QUOTE="Conagher, post: 108222, member: 1818"] I think it depends. A family arrangement with one of your kids is not necessarily the same arrangement you would make with a bother-in-law/sister. It may also depend on the individual you are dealing with. I would work an arrangement with my father-in-law long before I would with my brothers or sister. I pay my boys (12 & 10) a $2 per hour as credit. Once they work up enough hours to get what they want, I go buy it for them. Both boys combined their credit recently and got a new ATV. With my father it was more free labor, he figured I owed it to him for room & board, just as his father did. At 12 yrs old I had to start working for other farmers/ranchers in the area to earn money to buy school cloths, etc. Ollie's comment is interesting. My father told me just before he died, "Son, I'm leaving you the same thing my father left me, this whole wide world to make a living in." And that's just what he left me. I haven't decided yet if I will follow this family tradition. [/QUOTE]
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Family wants to put money into my cattle. Urgent!
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