Author Topic: Blog post: It's time to make a change  (Read 1535 times)

Patrick

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Blog post: It's time to make a change
« on: April 01, 2018, 01:08:57 am »
https://investorchallenge.co.za/its-not-time-to-make-a-change/

Moneypenny

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Re: Blog post: It's time to make a change
« Reply #1 on: April 01, 2018, 09:38:51 pm »
I thought “Midlife Crisis” for sure - was just waiting to hear about the mistress & the Porsche in the next paragraph.

Bevan

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Re: Blog post: It's time to make a change
« Reply #2 on: April 01, 2018, 11:08:49 pm »
Whilst I agree that owning an actual house in a city is a waste of money, owning productive land on a smallholding is a way better option. We also run free-range goats, ducks, chickens, rabbits, pigs and two jersey cows on our 10 acre plot in Hogsback. Thus we provide almost all our own food requirements, plus we have our own stream water and are busy setting up a Trompe and Tesla Turbine for our power. We couldn't do all this on rented land, and I wouldn't be as incentivised to do so anyway.

Personally I'm of the belief that Trump will bankrupt the US in the next few years - kinda hard not to when their debt is running at over $21-trn and govt's largest asset is their student debt. Trump will default on pension fund bondholders and probably issue them with some state pension as recompense. Just like the 30's gold confiscation and great depression all over again. He's not going to default on the Chinese, Japanese, the Fed or other state dept's that own most of the other US bonds. So we're going to have millions of poor pensioners running around on state benefits, or some state-issued crypto pension. Not a pretty picture, and the global financial world will have a complete heart-attack.

So owning bricks and mortar, and stuff that will hold its value, as inflation goes through the roof, and stocks collapse, is going to be valuable. Just a thought.

rjthomas

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Visit to Hogsback
« Reply #3 on: April 12, 2018, 08:29:25 pm »
Good evening Bevan

Greetings from PE. I would love to visit your smallholding in Hogsback, so I can understand and learn from what you are doing. My own goal is to set up my living conditions to become much more self-sufficient and moving away from supermarkets.

The following book inspired me in this direction: The Freedom Manifesto - How to Free Yourself from Anxiety, Fear, Mortgages, Money, Guilt, Debt, Government, Boredom, Supermarkets, Bills, Melancholy, Pain, Depression, Work, and Waste

Looking forward to it.
South African working in China since 2012

Patrick

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Re: Blog post: It's time to make a change
« Reply #4 on: April 13, 2018, 10:02:30 am »
I'd also love to see the place if were ever in the area. I posted a reply to the blog post comment, but I'm curious what the security is like in the area? My dad's family used to have a farm, but got rid of it in the 90s when it became too dangerous to live there.

I never quite understand how governments find it completely normal to spend more than they earn and just carry on that way. It just seems absurd.