Quote:
Originally Posted by forest beekeeper
It is important that we each have some method of support.
I congratulate you on your portfolio.
Our portfolio was doing great, right up until this market crash.
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Ah the benefits of covered calls and the derivatives market... It's the only way to make any decent income in this market.
Quote:
Originally Posted by forest beekeeper
Everyone must be able to support themselves some how. In rural areas there are fewer jobs, then urban areas.
Likewise the cost-of-living tends to be much lower in a rural area, then it is in an urban area.
Urban homes we have owned were each in areas where my pension would have never been enough to support us.
Aside from the issue of building a house and farm; and to get it's production up to a level to provide food and support a market.
I doubt we would have been able to do this if I had not done a career in a field that offered a pension.
In MarMac's case [even though living in a more urban setting] I am sure that those checks come in very handy, and help to level out the fluctuations.
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Yep earning the money first for later use is pretty much a requirement to do what we're doing. Without income and capital from several sources it's not going to fly very well, if at all. Even working somewhere takes time away from the work you need to put in to your place getting it or keeping it productive. If I hadn't been in a highly paid field there's no way I could have acquired the resources needed to do what we're doing without either robbing a bank, or, through some luck (Vegas, the Lottery, distant wealthy relatives will). Not that we have a huge nest egg by any means, but enough to keep the wheels greased while we do what we want to do with our lives, that are in no means grandiose or profligate.