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How mush cash?
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<blockquote data-quote="backhoeboogie" data-source="post: 1248653" data-attributes="member: 3162"><p>Herofan, without disclosing too much personal information, I generally keep no more than $10K in my checking account. I funnel some over to the new wife's checking account at times. </p><p></p><p>I have investments. I have land debts. I have no problem borrowing money if it will earn me income. I don't borrow money for toys. I will borrow money for land. My cows make a little over what the land payments and taxes cost. Now I am being pressured to sell that property, for high profit. That puts me in capital gains scenarios I don't want to be in. </p><p></p><p>I have a line of credit for $150K. I don't need that much. Ever. The bank wants to go higher. I don't need to. Maybe I think too small. </p><p></p><p>30 years ago life was pretty tough for me financially. </p><p></p><p>As far as equipment goes, I hardly ever buy anything new. Generally I buy wrecked junk and rebuild it. Or I build things like wood splitters from scratch and then sell them and build another. I have a '54 servis cutter than I will not part with. It will brush hog 6 inch thick cedar trees if you go slow into them. No one builds them like that any more. I also have a 12 foot mower. Not nearly as much as your friends spent but I had a lot of hours in it. </p><p></p><p>It cost over $130,000 to put my eldest daughter thru college back when. Patio stone sales paid for most of that. I have a full time day job too. </p><p></p><p>There is much to say but I would rather not disclose too much personal info. I have hustled all my life. One full time job was never enough.</p></blockquote><p></p>
[QUOTE="backhoeboogie, post: 1248653, member: 3162"] Herofan, without disclosing too much personal information, I generally keep no more than $10K in my checking account. I funnel some over to the new wife's checking account at times. I have investments. I have land debts. I have no problem borrowing money if it will earn me income. I don't borrow money for toys. I will borrow money for land. My cows make a little over what the land payments and taxes cost. Now I am being pressured to sell that property, for high profit. That puts me in capital gains scenarios I don't want to be in. I have a line of credit for $150K. I don't need that much. Ever. The bank wants to go higher. I don't need to. Maybe I think too small. 30 years ago life was pretty tough for me financially. As far as equipment goes, I hardly ever buy anything new. Generally I buy wrecked junk and rebuild it. Or I build things like wood splitters from scratch and then sell them and build another. I have a '54 servis cutter than I will not part with. It will brush hog 6 inch thick cedar trees if you go slow into them. No one builds them like that any more. I also have a 12 foot mower. Not nearly as much as your friends spent but I had a lot of hours in it. It cost over $130,000 to put my eldest daughter thru college back when. Patio stone sales paid for most of that. I have a full time day job too. There is much to say but I would rather not disclose too much personal info. I have hustled all my life. One full time job was never enough. [/QUOTE]
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