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Starting a small operation
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<blockquote data-quote="plumber_greg" data-source="post: 609512" data-attributes="member: 9115"><p>Hey kids, I don't know what you will end up doing for a living, but if you want to stay close to home and build some equity, cattle is the way to do it. I am a plumbing contractor from Missouri, that has raised three highly successful kids, thanks to the value of cattle. I started with 2 ten year old cows and 5 rented acres. Worked my ass off, and my childrens, and now my net worth is about 3 million. I was lucky, made some good decisions, and had a good wife. The key in my opinion is to build equity, and mortage it. A small down payment, and the mortage of my two cows started me buying real estate a few acres at a time. My worst decision was to start with a partner. Once I got rid of him I was on my way. Unless you are afraid it do it alone, then you need no one to help. If you need help, then you had better not proceed on your own. Don't try to live off of the income of the cows. Think, if you have a job somewhere, pay 500 dollars for feed for your cows, sell the calves, reinvest in one more, you have saved about a thousand dollars this year. Now what can you save next year with 5 cows. It just continues on like it did for me, in 25 years you won't believe what can happen. Good luck, a plumber from Missouri.</p></blockquote><p></p>
[QUOTE="plumber_greg, post: 609512, member: 9115"] Hey kids, I don't know what you will end up doing for a living, but if you want to stay close to home and build some equity, cattle is the way to do it. I am a plumbing contractor from Missouri, that has raised three highly successful kids, thanks to the value of cattle. I started with 2 ten year old cows and 5 rented acres. Worked my ass off, and my childrens, and now my net worth is about 3 million. I was lucky, made some good decisions, and had a good wife. The key in my opinion is to build equity, and mortage it. A small down payment, and the mortage of my two cows started me buying real estate a few acres at a time. My worst decision was to start with a partner. Once I got rid of him I was on my way. Unless you are afraid it do it alone, then you need no one to help. If you need help, then you had better not proceed on your own. Don't try to live off of the income of the cows. Think, if you have a job somewhere, pay 500 dollars for feed for your cows, sell the calves, reinvest in one more, you have saved about a thousand dollars this year. Now what can you save next year with 5 cows. It just continues on like it did for me, in 25 years you won't believe what can happen. Good luck, a plumber from Missouri. [/QUOTE]
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