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<blockquote data-quote="MudHog" data-source="post: 1376284" data-attributes="member: 21686"><p>This is my numbers crunching and thought process.</p><p></p><p>Cattle right now isn't something I need and not what I live off of. I'm 35 and still working with more years to go. My thought is start now to build for possible living off my cattle money during retirement. Use cattle money made now to pay my debts off while I am still working an can afford the note. At 35, my total debt is $80k and everything would be paid off. Not many 35 year olds with debt that low. Most houses alone surpass that easily. I can do a micro loan through the FSA and would be under $500/month for 7 years for $38k at 2.125% interest. My bay boat is up for sale, so that hopefully will give me $10k and reduce my FSA loan need or pay it off quicker.</p></blockquote><p></p>
[QUOTE="MudHog, post: 1376284, member: 21686"] This is my numbers crunching and thought process. Cattle right now isn't something I need and not what I live off of. I'm 35 and still working with more years to go. My thought is start now to build for possible living off my cattle money during retirement. Use cattle money made now to pay my debts off while I am still working an can afford the note. At 35, my total debt is $80k and everything would be paid off. Not many 35 year olds with debt that low. Most houses alone surpass that easily. I can do a micro loan through the FSA and would be under $500/month for 7 years for $38k at 2.125% interest. My bay boat is up for sale, so that hopefully will give me $10k and reduce my FSA loan need or pay it off quicker. [/QUOTE]
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