First, I wanna talk about the traditional farm advice, or maybe the internet farm advice of quit your job and go farm.
And if you do that, it's a financial disaster for most people because the fantasy goes something like this.
You can't wait to leave, and you're daydreaming about just doing something else.
You start watching YouTube videos, probably at the job that you hate, about market gardening or agriculture, and you think, "Yeah, I could do that." So you put in a notice, you quit, you take your savings, maybe that's $20,000, and you start a farm.
Year three, you give up and go back to your regular job because the farm couldn't generate enough income to support itself or your lifestyle.
Starting a farm, or really any business, usually has a 12 to 16-month lag time between when you invest the money and when you see consistent profit.
It just doesn't work that way, yet people want it to or believe it will for some reason.
When you quit your job that's producing income, that means you have zero income during that lag time, so you're required to live off of savings, spousal income, during that time between startup and profitability.
If you don't have that outside income from yourself, a spouse, you're just burning through savings to survive while simultaneously trying to build a business.
Now, you might think, "Eh, I can handle that." I guarantee most people can't with that amount of stress for long enough.
First, I wanna talk about the traditional farm advice, or maybe the internet farm advice of quit your job and go farm.
And if you do that, it's a financial disaster for most people because the fantasy goes something like this.
You can't wait to leave, and you're daydreaming about just doing something else.
You start watching YouTube videos, probably at the job that you hate, about market gardening or agriculture, and you think, "Yeah, I could do that." So you put in a notice, you quit, you take your savings, maybe that's $20,000, and you start a farm.
Year three, you give up and go back to your regular job because the farm couldn't generate enough income to support itself or your lifestyle.
Starting a farm, or really any business, usually has a 12 to 16-month lag time between when you invest the money and when you see consistent profit.
It just doesn't work that way, yet people want it to or believe it will for some reason.
When you quit your job that's producing income, that means you have zero income during that lag time, so you're required to live off of savings, spousal income, during that time between startup and profitability.
If you don't have that outside income from yourself, a spouse, you're just burning through savings to survive while simultaneously trying to build a business.
Now, you might think, "Eh, I can handle that." I guarantee most people can't with that amount of stress for long enough.
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