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Financial Foresight and Starting Small

16:14
20:22
42.2K views

At 16:14 in

Land Buyers Beware! Hidden Costs! You will be surprised...mistakes? Successes?

What happens here

The speaker advises potential homesteaders to make an investment in themselves by ensuring they can truly afford their plans. He reiterates that the land purchase is the 'cheap part,' while the ongoing expenses for equipment, tools, four-wheelers, UTVs, and tractors are significant. He shares his mistake of not having perimeter fences and a water system in place when he introduced goats and cattle to the property, leading to constant issues. He stresses the need for fences before animals, as 'goats are suicide committers' always trying to hurt or kill themselves. He encourages starting small, thinking small, and working small, then gradually scaling up.

Goal: Prioritize financial stability, start with manageable property and animal sizes, and secure basic infrastructure before expanding.

Tools and materials

  • Cattle N/A — Livestock for homesteading
  • Goats N/A — Livestock for homesteading
  • Perimeter Fencing N/A — Containing livestock and defining property boundaries