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Investment Update, The Hidden Value Of Harvesting Timber

Posted by Jim on Aug 28th, 2013 · 2 Comments

The Hidden Value Of Harvesting Timber , timber industry

I have done some further investigating into the harvesting of timber on my farm, and I thought I would share the details. I ended up having the department of forestry come out to analyze the hardwoods, they looked them over, measured the diameters, and marked nearly every tree on my property. What a great deal, they spent nearly 4 hours looking at 150 or so trees and didn’t charge me a red...
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Here are some simple guidelines that will help you build wealth:

1) Do the math. Get a budget and calculate your net worth

2) Get an emergency fund. Save at least 6 months worth of expenses

3) Limit costs. Spend no more than 30% of your income on housing

4) Max your retirement. Maximize contributions to your tax-deferred retirement accounts

5) Pay yourself first. Set aside money for yourself before you take care of your other bills

6) Set goals. Goal let you get ahead faster

7) Avoid high interest debt. Avoid credit cards, title loans and other usurious loans

8) Diversify. Diversity your assets.

Investment Update, The Hidden Value Of Harvesting Timber

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