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Non-Cattle Specific Topics
Coffee Shop
Inflation and spending habits
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<blockquote data-quote="farmerjan" data-source="post: 1737751" data-attributes="member: 25884"><p>Oh, I agree that it is getting bad, but alot of people don't see past the rise in gas prices yet... I am thinking it will hit some right square in the face and then it will be sell or sink,... with no other alternatives. I am conservative enough, and hopefully prepared enough that other than the gas prices, I think that i can ride it out without suffering too much, by the way I live simply. The farm payments and all might be really bad for my son, if cattle prices tank for too long. But personally, I think that I am as set as can be under the circumstances. Our finances are separate on things like my house...and his farm... we work together but keep much of the financial separate. I am talking things like interest rates going through the roof and people having no reserves behind them to carry them through... and many people are not like many/most on here that also do things like grow a garden and can and preserve food and such. We will hurt a little but we will survive... I eat out seldom, don't even like most of the food I eat out anymore either... I have few needs and am trying to be as self sufficient as I know how and I am by no means as good at it as some I know.... I am just thinking that those that are overextended might be in a position to have to sell some land or something and maybe I will be better positioned to buy a little... and maybe just sit on my hands and not get any more in debt with another land/mortgage payment.</p></blockquote><p></p>
[QUOTE="farmerjan, post: 1737751, member: 25884"] Oh, I agree that it is getting bad, but alot of people don't see past the rise in gas prices yet... I am thinking it will hit some right square in the face and then it will be sell or sink,... with no other alternatives. I am conservative enough, and hopefully prepared enough that other than the gas prices, I think that i can ride it out without suffering too much, by the way I live simply. The farm payments and all might be really bad for my son, if cattle prices tank for too long. But personally, I think that I am as set as can be under the circumstances. Our finances are separate on things like my house...and his farm... we work together but keep much of the financial separate. I am talking things like interest rates going through the roof and people having no reserves behind them to carry them through... and many people are not like many/most on here that also do things like grow a garden and can and preserve food and such. We will hurt a little but we will survive... I eat out seldom, don't even like most of the food I eat out anymore either... I have few needs and am trying to be as self sufficient as I know how and I am by no means as good at it as some I know.... I am just thinking that those that are overextended might be in a position to have to sell some land or something and maybe I will be better positioned to buy a little... and maybe just sit on my hands and not get any more in debt with another land/mortgage payment. [/QUOTE]
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