Nice video papa-pepper. I've been enjoying going through your posts and love that you're getting the message out there of a debt-free and simpler way of life. Not only is becoming more self sufficient saving you money, but so is finding the joys of a simple lifestyle. Great example you shared at the end in regards to interest: people don't think much already about the extra thousands of dollars an item may cost them beyond the ticket price in interest, but you're also giving up the time in your life (working to earn the money) to pay that interest. We live in an age, and a country, where people can have the big house (bigger house.... BIGGER house) a boat, ATVs, snowmachines (that's snow mobiles for you non-Alaskans) and STUFF in abundance. That stuff can be fun, but when you're gathering debt upon debt for all that, it's not worth it!
Although we're not homesteaders, my family likes to seek a more minimalist life-style than the norm. When you don't have all that "extra" you've got more time to spend together as a family. You can still have some of those extra things (or useful in practical ways, especially if you're homesteading), but with some patience and dedication it's much better to buy them outright than pay even more just to access that money sooner. Be patient, make wise decisions, and accept some compromise up front to result in a much happier, more satisfying life.
Good work pepper! Best wishes.
Yup, too bad so many fall into that trap...
BIG HOUSE
BIG CAR
BIG WIFE
little bank account
Hahaha "big wife".
And one big car isn't enough, come on now papa, gotta have multiple vehicles. One for you, the wife, each kid, the cats... and it's funny when someone says they found a good deal but went into debt. Uhhhh, I don't think you really know what a good deal is.
Ouch! That's the worst "deal" ever!
@aksounder - I'm also not a homesteader, but do fit more into the minimalist category you speak of. And, boy are you right about most people's mentality towards debt. I often thought that when i heard someone make comments about, oh they got a "Good deal " on something but they still charged it. Like, why couldn't you pay for it outright then? All the interest you end up accumlating negates the "savings "