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Kids and farm equipment, how old? -poll
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<blockquote data-quote="Farm Fence Solutions" data-source="post: 1418635" data-attributes="member: 26621"><p>We gave her a cow every year for her birthday for the first 5 years of her life. I sold the calves on her behalf, and put the money in her savings account. I didn't deduct any for inputs the first few years, because I wanted her savings to build as quickly as possible. Once she was old enough to help and start making some of her own management decisions, she started keeping heifers. Her cow herd is now in the teens, and she usually buys all the neighborhood bottle calves....twins and dead cow kind of calves. When she sells yearlings, it's a good check, but she still owes for feed/hay/pasture/meds. We are trying to prepare her for the real world, but also set her up for success if we can. She has also purchased a good slug of dividend paying stocks, and I think the last time I looked the little chit had over a hundred ounces of silver in her box. (My Dad ramrods the silver collection) We also pay her to help with both fence businesses. She is an expert insulator putter outer, and can sweep a warehouse floor like nobody's business. She pays income tax on every dime she makes, and has even started contributing to a Roth IRA. My Dad taught me how to work my azz off every day, all day. There never was any education on planning for the future.....not because he didn't think it was important, but just because sometimes life happens. I don't want my kid living check to check. I want her prepared for life. </p><p> My wife and I are not wealthy by any means. We are just like most of the folks on here, and have our fair share of sleepless nights worrying about our decisions, investments, and future. We live in a run down turd of a house, and that's cool with us, because we believe that there are more important things right now. We have just decided that investing in our daughter is the best thing we can do, so that her nights will hopefully be more restful than ours.</p></blockquote><p></p>
[QUOTE="Farm Fence Solutions, post: 1418635, member: 26621"] We gave her a cow every year for her birthday for the first 5 years of her life. I sold the calves on her behalf, and put the money in her savings account. I didn't deduct any for inputs the first few years, because I wanted her savings to build as quickly as possible. Once she was old enough to help and start making some of her own management decisions, she started keeping heifers. Her cow herd is now in the teens, and she usually buys all the neighborhood bottle calves....twins and dead cow kind of calves. When she sells yearlings, it's a good check, but she still owes for feed/hay/pasture/meds. We are trying to prepare her for the real world, but also set her up for success if we can. She has also purchased a good slug of dividend paying stocks, and I think the last time I looked the little chit had over a hundred ounces of silver in her box. (My Dad ramrods the silver collection) We also pay her to help with both fence businesses. She is an expert insulator putter outer, and can sweep a warehouse floor like nobody's business. She pays income tax on every dime she makes, and has even started contributing to a Roth IRA. My Dad taught me how to work my azz off every day, all day. There never was any education on planning for the future.....not because he didn't think it was important, but just because sometimes life happens. I don't want my kid living check to check. I want her prepared for life. My wife and I are not wealthy by any means. We are just like most of the folks on here, and have our fair share of sleepless nights worrying about our decisions, investments, and future. We live in a run down turd of a house, and that's cool with us, because we believe that there are more important things right now. We have just decided that investing in our daughter is the best thing we can do, so that her nights will hopefully be more restful than ours. [/QUOTE]
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