Ways to Build Wealth ?

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Dave
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Re: Ways to Build Wealth ?

Post by Dave » Wed Feb 13, 2019 12:42 pm

Stocker Steve wrote:
Wed Feb 13, 2019 9:34 am
callmefence wrote:
Wed Feb 13, 2019 7:20 am
I ve got everything tied up in scrap iron.
Does this count as precious metal in your area?
I have lots of precious metal on my place. The issue is the tons of dirt and worthless rock it is mixed with. If I could magically just pull it out of the ground I would be a multi millionaire over night.



ddd75
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Re: Ways to Build Wealth ?

Post by ddd75 » Sun Feb 17, 2019 9:34 am

i'm at over 60 tons in metal on this farm I bought. I think i'll hit 70-75 tons and should have it cleaned up.

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TennesseeTuxedo
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Re: Ways to Build Wealth ?

Post by TennesseeTuxedo » Sun Feb 17, 2019 11:24 am

Another tax free on growth strategy is found in opportunity zone investing. Look into if you have assets with capital gains you’d like to cash out and reinvest.
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jltrent
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Re: Ways to Build Wealth ?

Post by jltrent » Sun Feb 17, 2019 12:29 pm

The farm has plenty of limestone. If it was mined and put in roads I would be a multimillionaire.

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Re: Ways to Build Wealth ?

Post by TennesseeTuxedo » Sun Feb 17, 2019 2:38 pm

jltrent wrote:
Sun Feb 17, 2019 12:29 pm
The farm has plenty of limestone. If it was mined and put in roads I would be a multimillionaire.
I totally respect the intestinal fortitude it takes to eschew such a fabulous opportunity to obtain that level of wealth and the accompanying fame and notoriety.

I’d have started moving dirt years ago.
Making Cattle Today Great Again!
Sometimes you do have to throw out the babies with the bath water.

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JMJ Farms
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Re: Ways to Build Wealth ?

Post by JMJ Farms » Sun Feb 17, 2019 4:16 pm

I’ve got a few toys, pretty good wad of cows, half a dozen rentals, a little land, a nice house, half worn out pickup, some debt, a lot of equity, and very little money. BUT, I’m well fed, well clothed, have a good wife, 3 very well mannered kids, both my parents, and we are all very healthy to the best of our knowledge. I’d rather have the second part than a pile of money. So I’m satisfied.

However, I have no problem with money. And if my maker sees fit for me to have enough to burn a wet mule, then I’d gladly take it. I figure I will die relatively broke. But somebody will likely benefit greatly from all the sweat I shed over the years! And I reckon that’s ok too.
Until we remember that the left wing and the right wing belong to the same bird and we come together as a nation then this country is in for more turmoil - Jogeephus

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