How did you work up the money to buy your own barn/land? - Page 2
 
 

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How did you work up the money to buy your own barn/land?

This is a discussion on How did you work up the money to buy your own barn/land? within the Barn Maintenance forums, part of the Barns, Boarding, and Farms category
  • Salary to afford own barn

 
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    03-19-2011, 11:21 AM
  #11
Green Broke
Hahahaha that's a VERY good idea... I will keep my eye out for one! Hahaha
Thanks guys :)
     
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    03-20-2011, 09:28 PM
  #12
Trained
Quote:
Originally Posted by starlinestables    
I thought that's what match.com and eharmony were for Ladies! "Prefers men that like horses, can lift a minimum of 50lbs and can wield a mean manure fork. Welding skills a plus! If you drive a mazda then you're probably not my type. Minimum 3/4 ton trucks and 50hp tractors required" ;o)


Good one! I think I have to change my ad now. OP, you have time on your side. Every time you make money, pay yourself first. Take 10% of it, and put it into a Roth IRA or stock index fund. The power of compound interest is the strongest force in the universe. By the time you're ready for you own place, at the very least, the downpayment will be there. Wish I had done it. I'm still saving.
     
    03-23-2011, 04:38 PM
  #13
Foal
Dave Ramsey Homepage - daveramsey.com

This guy has some awesome advice on financial stuff, my dad just loves to listen to his radio show.
Of course, marrying money isn't a bad idea ether!
     
    03-23-2011, 05:02 PM
  #14
Green Broke
Quote:
Originally Posted by starlinestables    
I thought that's what match.com and eharmony were for Ladies! "Prefers men that like horses, can lift a minimum of 50lbs and can wield a mean manure fork. Welding skills a plus! If you drive a mazda then you're probably not my type. Minimum 3/4 ton trucks and 50hp tractors required" ;o)
Sounds good to me! But uh.... what am I supposed to do with the hubby I've got right now?
     
    03-23-2011, 11:48 PM
  #15
Yearling
Tell him to shape up or ship out!!!!!!
     
    03-24-2011, 12:18 AM
  #16
Banned
Quote:
Originally Posted by MyBoyPuck    


Good one! I think I have to change my ad now. OP, you have time on your side. Every time you make money, pay yourself first. Take 10% of it, and put it into a Roth IRA or stock index fund. The power of compound interest is the strongest force in the universe. By the time you're ready for you own place, at the very least, the downpayment will be there. Wish I had done it. I'm still saving.

This advise only works if you have spare money after paying your bills once you have cut back everything you don't need. I assume many of us have internet at home, so we have not cut back enough.
I would have a rough time, living without 10% of my salary.
     
    03-28-2011, 02:14 PM
  #17
Green Broke
Quote:
Originally Posted by starlinestables    
A handy husband is essential for any horse woman!

You got that right, sooo glad my man is handy!
     
    03-28-2011, 02:20 PM
  #18
Green Broke
Quote:
Originally Posted by starlinestables    
Tell him to shape up or ship out!!!!!!
Hey, it WORKED!!

Hubby bumped his head or something, he has decided he's tired of the city life and we're going to sell our current house and buy one on acreage. He's already planning out how we're going to afford an indoor arena. Silly finally realized that for what we're paying in boarding costs, we could buy a new place, bring the horses home and build the facilities we need.

He also wants pigs, cows and a tractor. The tractor, yes.... but pigs and cows? All coming from a guy who tried to talk me into a condo a couple years ago.
     
    03-28-2011, 02:24 PM
  #19
Started
I LOVE the marrying money idea!!

OP, start saving now. Cut back in every which way you can, and what you can't cut completely back on shop around and find good deals. Build up your credit (I did this by purchasing a truck and having my mom who has good credit to co-sign with me so I could get a good interest rate) so you can get a loan if you need one and write a good business plan. Taking business courses will help you with that tremendously.
     
    03-28-2011, 04:35 PM
  #20
Showing
Lots of good suggestions, especially the handy hubby! Mine just spent spring break re-wiring the tractor and building another stud lot instead of beach fun like we normally do.

I have a different situation on how I afforded my farm. I own the farm my grandpa started in the 50s. I was 15 when my mom had to give up training (unrelated injuries) I sat down with my gpa and mom and asked what the plans were for the future of the farm. Their answer was sell. Didn't sit well with me and I BEGGED them to give me the chance to buy it. I gave my gpa every penny I made at my teenage jobs and cont'd making pmts thru college. Shortly after I got married my gpa had to have major heary surgery (16 hrs) and subesequent back surgery 6 months later. At that point I convinced my hubby that we needed to move to the farm asap to take care of him. Got an appraisal, financed the difference and we've been here since. I made my last pmt on my 28th birthday. I now know that gpa's farm will be a part of the family legacy for a very long time :)
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