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Why the second million?
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upnorty    Posted 09-29-2003 at 04:59:19       [Reply]  [No Email]
To those who know, it has been an very interesting time in farming since 1950. The changes have challenged the best. People who had patches on their pants than, now are multi-millionairs. So many have also just disappeared.
I believe that the bottom line reason for this is because, food is the most critical need for a government to meet, or it will not survive. Our government knows this and it is the reason it has survived since 1776.
As I have observed, since 1950, based upon the way the government acts, (in order to survive), it relies on one concept, Greed will make farmers go for the second million.
As I arrived within the vicinity of this, much applauded goal of 1950, I found my needs and obligations sufficiently met. I began the big backoff and began pushing in other directions. Others keep going, one I know went from a tar paper shack to 10,000 acres. I see that the fundament differance between us is, he went for the second million and will stop only when he is six feet under. He can do nothing else now. Nothing has so changed the face of agriculture as the fact that there are people who will go for the second million.
Considering this, I can not answer the following question. Why go for the second million?
Someone please clue me in.

bob ny    Posted 09-29-2003 at 14:39:25       [Reply]  [No Email]
first million,second million,mine is called lifestyle maintenance not starving, don't owe much,have decent place to live,drive decent car and truck and have prety good health for an old timer

Gary, Mt. Hermon, La    Posted 09-29-2003 at 12:05:49       [Reply]  [No Email]
Why do sports players need millions of dollars? Why do actors, singers, etc need millions of dollars? How many million is enough? Why are the lottery jackpots millions of dollars? How can the greed of humanity ever be satisfied? That's the million dollar question and MHO.

deadcarp    Posted 09-29-2003 at 08:09:02       [Reply]  [No Email]
i understand ambition, but generally give such people plenty of elbow room. i think nowdays most people do handle a million over time. trouble is - if one was say 20 when they acquired it, it probably would not last as long as they did. for example, if they hoped to live another 50 years, they could only spend 20,000/year (figuring taxes to offset interest) and that's not gonna go very far 50 years from now. so if you hope to be wealthy, get serious about the second million cuz it might come in darn handy. :)
that in mind, figure out who and where you are:
must you drive new cars? what's your favorie level of medical care? which college is good enough for your kids? how sharp are your investment skills? are your friends wealthy too or will they likely need help at some point? if you won the lottery, what would you do with it? i ask these things because most people detest wealth and its attendant demands - most of us would inevitibly squander our wealth back to the quality if life at which we are comfortable, cuz that has way more impact than any almighty buck :)

Howard Hughes    Posted 09-29-2003 at 05:44:05       [Reply]  [No Email]
It's common knowledge that after the first million the rest comes much easier. I have elected to forget about the difficult first million and move directly into the easier to attain 2nd million.

upnorty    Posted 09-29-2003 at 06:00:50       [Reply]  [No Email]
I believe that you have missed the point.

Willy-N    Posted 09-29-2003 at 06:34:45       [Reply]  [No Email]
I know quite a few people who are on the 3rd and 4th+ million and don't even farm. Once it is in your blood the life style requires you to keep at it. I know people who have that much and even more just into there home, let alone a farm. Know a Dairy Farmer who borrowed 1.5 million to make his farm pay better and he still lives in a Moble home and drives a old truck. They will probley reposes his place some day. Me, I am still working on the 1st one. Mark H.

newgen    Posted 09-29-2003 at 12:03:39       [Reply]  [No Email]
I'm working on my second one-gave up onthe first one!!! But I'm happy=

upnorty    Posted 09-29-2003 at 06:22:12       [Reply]  [No Email]
Man! Did I ever need to say that. Thank you.

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