What bothers or frightens me the most about prepping.

[Mountain trapper]

It is up to you.....but I plan to create a decade or two between your two milestones above.

As I listed above, many in my area have done just that.

Farms that have already been paid off can usually operate at somewhat reduced but still adequate profit, even when you have to contract some stuff out.

Bigger farms have the option to lease out or share farm on some or all the land beyond the boundary of the house surrounds.



Sounds like a good plan.......can you stretch that out (in combination with some other income streams)?

I already lease out the grazing on part of the property, but I'm still responsible for the fencing, water etc. Our property is completely paid off, no debts. We really don't need the income off the property, our pensions, investments and SS provide very nicely. My original intent was to keep this place in the family for future generations. But sometimes dreams just don't come true. If we could find the right young family that has the dream we may just give it to them.

 

[Hardcalibres]

I already lease out the grazing on part of the property, but I'm still responsible for the fencing, water etc. Our property is completely paid off, no debts. We really don't need the income off the property, our pensions, investments and SS provide very nicely. My original intent was to keep this place in the family for future generations. But sometimes dreams just don't come true. If we could find the right young family that has the dream we may just give it to them.

I you like living there.....then stay as long as you can.

 

[Magus]

Tree farming is still a good tax move I see.
https://www.fs.usda.gov/sites/defau...ument/2022-Tax-Tips-for-Forest-Landowners.pdf

 

[Sourdough]

This point in the "cycle" it is great to be quite old.
Also great to be quite young.
Not great for those at midlife or "slightly" beyond.

 

[morgaineotm]

God helps those who help themselves, so it is said. Like the joke about the guy in an accident who refuses all help because God will take care of him. and when he dies he asks why God didn't help him. and God says, I sent you a Cop, a paramedic and a doctor. What more did you expect me to do?

That plays both ways if and when we reach such times: do you keep helping when people are only willing to take? Then you are not helping yourself, nor are you really helping others, just enabling them to continue their selfishness of taking. when you're played out they will just move to the next one with their hands out.

and the person who is asking for help needs to help themselves, even if its to pick up a rag and clean in thanks for the meal or shelter.

Its a delicate balance, and I for one am not willing to help those, no matter how desperate, if they are not willing to help in some way in return.

Just my opinoin and my POV

 

[montanabill]

This is predicated by the ability to work.....You don't work you don't eat.


All the more reason to surround yourself with good people in a good place now.