Three acres and a dream was created by my wife michelle and myself (Anthony). Three years ago we bought our home that sits on three acres of land. (thats the three acres part of the title) It has been our goal to one day be able to make a living right here on our small farm called dogwood hill farm. (that's the dream part of the title)
Well, now that you understand the title I can get to writing. Our goal is in 7 years to be living only off the income we receive from the farm. Right now we both have full time jobs in town . Why such a long time frame you might ask? Well two reasons; 1) in order to live of the farm income we need to be as close to debt free as we can. This means in the meantime we need to pay off as much debt as we can. There really is not that much, since we don't use credit cards. just a car note, a small personal loan from the bank, and of course our mortgage payment. We realize that we are not going to be able to pay our mortgage off in seven years, but we hope to make a large dent in it.
2) since it would be expensive, not to mention fool hardy to rush in at full production, we need to slowly ramp up the process. This way we can cash flow each enterprise instead of digging ourselves deeper in debt. There are other benefits of this progressive approach, it gives us a chance to make mistakes and learn from them while we are still working off the farm. Mistakes made at the peak of production could ruin our business. It's much easier to learn when the operation is small, and we still have our jobs to fall back on.
Well, I suppose that Is enough for today. Tune in tomorrow for the rest of the story
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