My dad wishes he had been a rancher. He grew up on a Utah farm, spent two years in Texas and currently lives in Florida. But for one 25 year stretch he worked in New York doing work he abhorred and spending too much time away from home.
In Texas there is a saying about pretentious people: big hat, no cattle.
My dad isn't pretentious. He has a big Stetson cowboy hat AND the cattle. His "cattle" are debt-free vehicles and a debt-free house.
Recently I helped a couple (from Texas) who had a "big hat but no cattle": Nice financed vehicles, a large rent payment on a prestigious home and multiple credit cards with outstanding balances.
They're getting better though. They're paying down debt.
How about you?
A big hat and no cattle?
A big hat and much cattle?
My advice is to get the ranch, the Stetson hat and the cattle....in cash. And do it now.
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