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<blockquote data-quote="Lucky" data-source="post: 1786609" data-attributes="member: 32659"><p>The majority of folks are taught from a young age to stay out of debt and pay things off quickly or save and pay cash. I know people that make really good money and are absolutely terrified of being in any kind of debt. I operated this way to an extent for about 15 yrs and when I did my financials for the first time it was an eye opener for me. I was doing good and making good money but just wasn't building any wealth. For the last 15 yrs I've stuck my neck out way further than I should and it's really paid off for us. Now that I'm were I want to be I can spend the next 5 or so becoming completely debt free and be in a place I'd never been had I just kept saving and poking along. It's pretty simple if you don't like debt don't get any but if you like making money and progressing fast I'd suggest getting a good banker. To each his own but don't say it won't work because it will. </p><p></p><p> Back to the original topic....It's not hard to make money in the cattle business. You just have to pay attention to the bottom line and not be lazy. It's also very very important to understand that spending money even if you have to borrow it can and will actually make you money in the cattle biz. In fact I'd say thats probably 1 of the top 5 things in actually making cattle work for you. Remember....any idiot can feed a cow.</p></blockquote><p></p>
[QUOTE="Lucky, post: 1786609, member: 32659"] The majority of folks are taught from a young age to stay out of debt and pay things off quickly or save and pay cash. I know people that make really good money and are absolutely terrified of being in any kind of debt. I operated this way to an extent for about 15 yrs and when I did my financials for the first time it was an eye opener for me. I was doing good and making good money but just wasn't building any wealth. For the last 15 yrs I've stuck my neck out way further than I should and it's really paid off for us. Now that I'm were I want to be I can spend the next 5 or so becoming completely debt free and be in a place I'd never been had I just kept saving and poking along. It's pretty simple if you don't like debt don't get any but if you like making money and progressing fast I'd suggest getting a good banker. To each his own but don't say it won't work because it will. Back to the original topic....It's not hard to make money in the cattle business. You just have to pay attention to the bottom line and not be lazy. It's also very very important to understand that spending money even if you have to borrow it can and will actually make you money in the cattle biz. In fact I'd say thats probably 1 of the top 5 things in actually making cattle work for you. Remember....any idiot can feed a cow. [/QUOTE]
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